{"id":830841,"date":"2025-03-27T16:27:42","date_gmt":"2025-03-27T20:27:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/better-choice-company-announces-fourth-quarter-and-full-year-2024-financial-results\/"},"modified":"2025-03-27T16:27:42","modified_gmt":"2025-03-27T20:27:42","slug":"better-choice-company-announces-fourth-quarter-and-full-year-2024-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/better-choice-company-announces-fourth-quarter-and-full-year-2024-financial-results\/","title":{"rendered":"Better Choice Company Announces Fourth Quarter and Full Year 2024 Financial Results"},"content":{"rendered":"
\n

\n Fourth Quarter 2024 Revenue Growth of <\/em>
\n 26%<\/em>
\n Year-Over-Year to <\/em>
\n $7.2\u00a0million<\/em>\n <\/p>\n

\n Fourth Quarter 2024 Loss per Share Improves <\/em>
\n 97%<\/em>
\n Year-Over-Year to <\/em>
\n $(0.50)<\/em>\n <\/p>\n

\n Fourth Quarter 2024 Adjusted EBITDA Loss Improves <\/em>
\n 80%<\/em>
\n to <\/em>
\n $(0.7)\u00a0million<\/em>
\n Year-Over-Year<\/em>
\n
\n 1<\/em>
\n <\/sup>\n <\/p>\n

\n Full Year 2024 Loss per Share Improves <\/em>
\n 100%<\/em>
\n year-over-year to <\/em>
\n $(0.10)<\/em>\n <\/p>\n

\n Full Year 2024 Adjusted EBITDA Loss Improves <\/em>
\n 78%<\/em>
\n year-over-year to <\/em>
\n $(1.9)\u00a0million<\/em>
\n
\n 1<\/em>
\n <\/sup>\n <\/p>\n

TAMPA, Fla., March 27, 2025 (GLOBE NEWSWIRE) — Better Choice Company Inc. (NYSE American: BTTR) (the \u201cCompany\u201d or \u201cBetter Choice\u201d), a pet health and wellness company, today announced its results for the fourth quarter and year ended December\u00a031, 2024.<\/p>\n

\u201cOur fourth quarter results built on the momentum we saw during the third quarter and exceeded our internal projections across all key financial metrics,” commented Chief Executive Officer, Kent Cunningham. “The most encouraging for me was the 26% sales growth in the fourth quarter we achieved year-over-year driven notably by a 32% increase across Chewy and Amazon platforms.\u00a0\u00a0 Combined with continued year-over-year expansion in our gross margin to 36% for the quarter, this gives us continued confidence in our strategy and our team\u2019s ability to drive sustained, profitable growth going forward.\u201d<\/p>\n

Nina Martinez, Chief Financial Officer, also commented, “Our fourth quarter revenue growth achievement year-over-year, along with 80% year-over-year improvement to our adjusted EBITDA loss, reflects our unwavering focus on driving sustainable, profitable growth. In addition to achieving a 36% gross margin, we successfully reduced short-term obligations, generating a $6.2 million gain and transitioning to a healthy working capital position of $7.9 million. These results, combined with four consecutive quarters of improved gross margin and three straight quarters of net loss improvement, strengthen our confidence in our ability to achieve profitability through operational leverage in 2025.”<\/p>\n

\n FOURTH QUARTER <\/strong>
\n 2024<\/strong>
\n FINANCIAL HIGHLIGHTS<\/strong>\n <\/p>\n