Better Choice Q3 revenue rises 11% YoY to $13.1M; net loss improves 75%

SRx Health Solutions, Inc.

2023-09-30 EPS reported -$1.22 revenue$161,548,000

Revenue of $13.1M, up 11% YoY and 24% from Q2 2023; 75% from Halo Holistic product line.
Operating loss improved 59% YoY to $(2.6)M; operating margin improved 3,403 bps to (20%).
Net loss improved 75% YoY to $(1.6)M; EPS improved 77% to ($0.05) per share.
Adjusted EBITDA improved 95% YoY to $(0.1)M; Adjusted EBITDA margin improved 2,311 bps to (1%).
Newly appointed CEO Kent Cunningham highlighted organic digital growth and cost improvements.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SRx Health Solutions, Inc. reported nine months ended September 30, 2023 results: revenue $32.9 million, net income $(8.1) million, EPS ($0.26).

Period: nine months ended September 30, 2023
Revenue: $32.9 million
Net income: $(8.1) million
EPS: ($0.26)
Result: reported results

Exact text from the filing

loss improved 46% YOY to $(8.1) million ● EPS improved 48% YOY to ($0.26) ● Adjusted EBITDA improved 47% YOY to $(3.8) million 1 ● Adjusted

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SRx Health Solutions, Inc. reported third quarter ended September 30, 2023 results: revenue $13.1 million, net income $(1.6) million, EPS ($0.05).

Period: third quarter ended September 30, 2023
Revenue: $13.1 million
Net income: $(1.6) million
EPS: ($0.05)
Result: reported results

Exact text from the filing

Revenue increased 24% from second quarter 2023, and 11% year-over-year (“YOY”) to $13.1 million

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SRx Health Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-040675

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