Better Choice Company ( (BTTR) ) has released its Q4 earnings. Here is a breakdown of the information Better Choice Company presented to its investors.
Better Choice Company Inc. is a pet health and wellness company that offers a wide range of pet products and services aimed at enhancing the health and happiness of dogs and cats. The company is known for its Halo brand, which includes foods, treats, dental products, and supplements made with high-quality ingredients.
In its latest earnings report, Better Choice Company announced significant improvements in its financial performance for the fourth quarter and full year of 2024. The company reported a 26% increase in revenue for the fourth quarter, driven by strong sales growth on platforms like Chewy and Amazon. Additionally, the company achieved a notable improvement in its loss per share and adjusted EBITDA loss.
Key financial highlights include a 97% improvement in the fourth quarter loss per share to $(0.50) and an 80% improvement in adjusted EBITDA loss to $(0.7) million. For the full year, the company reported a 100% improvement in loss per share to $(0.10) and a 78% improvement in adjusted EBITDA loss to $(1.9) million. The company’s gross margin also saw significant growth, reaching 36% for the quarter.
Looking ahead, Better Choice Company remains optimistic about its future prospects. With a healthy working capital position and continued focus on operational leverage, the company is confident in its ability to achieve profitability in 2025. The management’s strategic initiatives and focus on sustainable growth are expected to drive further success in the coming year.