other_material
confidence high
sentiment negative
materiality 0.85
SRx Health acquires SRx Canada; FY2024 net loss C$59.4M, goodwill impairment C$26.9M, going concern doubt
SRx Health Solutions, Inc.
- SRx Canada revenue C$200.5M for year ended Sep 30, 2024, net loss C$59.4M vs loss C$15.1M prior year.
- Goodwill impairment C$26.9M and intangibles impairment C$2.1M recorded in FY2024.
- Auditor's report includes material uncertainty about going concern due to net capital deficiency of C$72.0M.
- As of Sep 30, 2024, total liabilities C$117.6M exceed total assets C$45.6M.
- Pro forma combined financials filed; business combination closed Apr 24, 2025, with SRx Canada as surviving entity.
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