The following is a summary of the Better Choice Company Inc. (BTTR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Better Choice Company reported a quarter-over-quarter sales growth of 33% to $11.4 million.

• Achieved a gross margin of 40%, marking the third consecutive quarter of improvement.

• Reported the first profitable quarter in years with adjusted EBITDA just north of $200,000.

• Generated net income of $1.5 million for Q3 and earnings per share of $0.74.

Business Progress:

• Significant operational discipline and improved S&OP process led to a 48% year-over-year reduction in inventory and an average fill rate of 97%.

• Experienced substantial year-over-year growth in international markets, particularly in the Asia-Pacific region.

• Increased focus on digital channels resulted in double-digit growth in new-to-brand and repeat consumers.

• Announced the acquisition of SRx Health, expected to complete in early Q1 2025, which will enhance operational efficiencies and contribute to sustainable growth.

Opportunities:

• The demographic shift in Asia, particularly in China, represents a significant opportunity for expansion in the pet food market.

• The acquisition of SRx Health positions Better Choice to capitalize on increased operational efficiencies and access expanded markets in specialty healthcare.

Risks:

• No explicit risks mentioned.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.