Safety Shot Inc. reported FY2024 revenue of $702K, up from $203K in 2023, driven by the launch of its blood alcohol detox beverage in December 2023. However, net loss widened to $49.4M from $15.1M, primarily due to increased operating expenses of $39.6M, including $20.5M in stock-based compensation and $7M in marketing costs.The company strengthened its leadership team with key appointments, including Jarrett Boon as CEO and Jordan Schur as President. Safety Shot completed several strategic initiatives, including the acquisition of GBB Drink Lab's assets and intellectual property for $4.9M, and entered into a definitive agreement to acquire Yerbae Brands Corp through an all-stock transaction valued at 20M shares.As of December 31, 2024, Safety Shot had $349K in cash, down from $3.8M year-over-year, and a working capital deficit of $6.8M. The company faces going concern issues but expects potential warrant exercises and strategic partnerships to provide additional funding. Management continues to focus on expanding distribution channels and developing new product formats while managing legal settlements with various parties.

Safety Shot Inc. reported FY2024 revenue of $702K, up from $203K in 2023, driven by the launch of its blood alcohol detox beverage in December 2023. However, net loss widened to $49.4M from $15.1M, primarily due to increased operating expenses of $39.6M, including $20.5M in stock-based compensation and $7M in marketing costs.The company strengthened its leadership team with key appointments, including Jarrett Boon as CEO and Jordan Schur as President. Safety Shot completed several strategic initiatives, including the acquisition of GBB Drink Lab's assets and intellectual property for $4.9M, and entered into a definitive agreement to acquire Yerbae Brands Corp through an all-stock transaction valued at 20M shares.As of December 31, 2024, Safety Shot had $349K in cash, down from $3.8M year-over-year, and a working capital deficit of $6.8M. The company faces going concern issues but expects potential warrant exercises and strategic partnerships to provide additional funding. Management continues to focus on expanding distribution channels and developing new product formats while managing legal settlements with various parties.