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Else Nutrition Holdings (BABY) investor relations material
Else Nutrition Holdings Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary17 Nov, 2025
Executive summary
Achieved significant operational turnaround in Q3 2025, marked by gross margin expansion, cost reduction, and disciplined execution for sustainable growth.
Focused on stabilization, restructuring, and innovation in plant-based nutrition, positioning for long-term value creation and profitability.
Actively addressing supply chain challenges and preparing for regulatory milestones in plant-based infant formula.
Financial highlights
Gross margin improved to 34% from negative 9% year-over-year and negative 3.7% (or negative 4%) last quarter.
Operating expenses reduced by 68% year-over-year to $1.15 million from $3.56 million.
Monthly cash burn dropped below $200,000, down from $1.15 million a year ago.
Q3 2025 revenue was $1.66 million, compared to $1.79 million in Q3 2024, impacted by temporary out-of-stock issues.
Operating loss reduced to $0.58 million from $3.72 million in Q3 2024.
Cash position at quarter-end was $91K, including restricted cash.
Outlook and guidance
Expects revenue growth to resume as inventory stabilizes and operational improvements continue.
Targeting cash flow break-even between late 2026 and early 2027.
Plans to sustain gross margin improvements through 2026 and beyond.
Preparing for the next clinical phase to advance plant-based infant formula toward market readiness.
Priorities include expanding margins, operational efficiency, clinical and regulatory progress, and global partnerships.
How will Else fund operations with $91K cash?
Specific actions to resolve out-of-stock issues
Timeline for infant formula clinical phase?
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Next Else Nutrition Holdings earnings date
Q4 202531 Mar, 2026
Next Else Nutrition Holdings earnings date
Q4 202531 Mar, 2026
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Frequently asked questions
Else Nutrition Holdings Inc is a Canada-based food and nutrition company focused on developing plant-based nutrition products for infants, toddlers, children, and adults. The company offers dairy-free, soy-free, and gluten-free alternatives to traditional infant formula and nutritional beverages, using ingredients such as almonds, buckwheat, and tapioca. Else Nutrition distributes its products through online platforms and retail channels in North America and selected international markets. The company is headquartered in Vancouver, British Columbia, and its shares are listed on the TSXV.
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