From GlobeNewswire: 2025-03-27 16:05:00

Better Choice Company Inc. reported a 26% year-over-year revenue growth in the fourth quarter of 2024, reaching $7.2 million. Loss per share improved by 97% to $(0.50), and adjusted EBITDA loss improved by 80% to $(0.7) million year-over-year. Full-year results also showed improvement, with loss per share improving by 100% to $(0.10) and adjusted EBITDA loss improving by 78% to $(1.9) million.

CEO Kent Cunningham highlighted the company’s confidence in its strategy after achieving sales growth on platforms like Chewy and Amazon. CFO Nina Martinez emphasized the focus on sustainable, profitable growth and reducing short-term obligations to improve financial metrics.

Financial highlights for the fourth quarter of 2024 include a 26% revenue increase to $7.2 million, a 36% gross margin, and a 97% improvement in loss per share to $(0.50). Adjusted EBITDA loss also improved by 80% to $(0.7) million year-over-year.

For the full year 2024, Better Choice Company Inc. saw a 657 basis point increase in gross margin to 37% and a $6.2 million gain on extinguishment of debt and accounts payable. Loss per share improved by 100% to $(0.10), and adjusted EBITDA loss improved by 78% to $(1.9) million year-over-year.

As of December 31, 2024, the company had $3.1 million in cash and cash equivalents with $2.4 million of borrowing capacity under its credit facility. Better Choice will host a conference call and webcast to discuss its fourth quarter 2024 results, aiming to provide transparency and insight into its operations and financial performance.



Read more at GlobeNewswire:: Better Choice Company Announces Fourth Quarter and Full