---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015044"
form_type: "8-K"
ticker: "SRXH"
cik: "0001471727"
company_name: "SRx Health Solutions, Inc."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:38:07.654741+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Better Choice FY2023 revenue falls 29% YoY to $38.6M; gross margin up to 31%, net loss narrows 42%

## Summary
- Net sales $38.6M vs $54.7M in 2022; decline driven by international stock normalization and exit of unprofitable accounts.
- Gross margin improved 300 bps to 31% due to strategic pricing and 3% reduction in input costs.
- Net loss improved 42% to $22.8M; EPS improved 45% to ($32.29) from ($58.93).
- Adjusted EBITDA improved 32% to ($8.0M); operating loss improved 45% to $21.2M.
- Q4 2023 operating loss improved 47% YoY to $12.7M; adjusted EBITDA improved 30% to ($3.4M).

## SEC filing metadata
- accession: 0001493152-24-015044
- form_type: 8-K
- ticker: SRXH
- cik: 0001471727
- company_name: SRx Health Solutions, Inc.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471727/000149315224015044/0001493152-24-015044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471727/000149315224015044/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015044
- JSON: https://secwatch.observer/filing/0001493152-24-015044.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015044.txt

## Key facts
- Earnings Releases
  SRx Health Solutions, Inc. reported financial results for the fourth quarter and year ended December 31, 2023.
  - Period: the fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: Better Choice Company Inc., a Delaware corporation (“the Company”), announced its financial results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471727/000149315224015044/0001493152-24-015044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.