---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-017843"
form_type: "8-K"
ticker: "SRXH"
cik: "0001471727"
company_name: "SRx Health Solutions, Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:24:22.781757+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Better Choice Q1 2023 net sales $9.2M, gross margin up to 35.1% from 27.7%

## Summary
- Net sales $9.2M vs $17.0M in Q1 2022, down 46% YoY; gross sales $12.4M.
- Gross margin 35.1% vs 27.7% YoY; loss from operations improved to $3.3M from $4.0M.
- Adjusted EBITDA loss $1.9M vs $2.0M; net loss $3.5M ($0.11 per share) vs $4.0M ($0.14).
- E-commerce net sales $3.9M, International $2.3M, Brick & Mortar $1.7M, DTC $1.3M.
- New CEO Kent Cunningham appointed; company expects improved balance sheet and operating efficiencies.

## SEC filing metadata
- accession: 0001628280-23-017843
- form_type: 8-K
- ticker: SRXH
- cik: 0001471727
- company_name: SRx Health Solutions, Inc.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471727/000162828023017843/0001628280-23-017843-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471727/000162828023017843/bttr-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017843
- JSON: https://secwatch.observer/filing/0001628280-23-017843.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017843.txt

## Key facts
- Earnings Releases
  SRx Health Solutions, Inc. reported financial results for first quarter ended March 31, 2023.
  - Period: first quarter ended March 31, 2023
  - Result: reported results
  source text: On May 12, 2023, Better Choice Company Inc., a Delaware corporation (the “ Company ”), announced its financial results for the first quarter ended March 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471727/000162828023017843/0001628280-23-017843-index.htm

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