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SRx Health Solutions (SRXH) investor relations material
SRx Health Solutions SEO filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates a vertically integrated Canadian specialty pharmacy network and a U.S.-based premium pet health and wellness business.
Specialty pharmacy segment includes 20 pharmacies, 34 clinics, clinical trial sites, and a wholesale distribution facility, serving all Canadian provinces.
Pet health segment (Halo) offers premium pet foods and treats, distributed via e-commerce, brick & mortar, and international channels.
Recent merger with Better Choice Company, Inc. and subsequent rebranding to SRx Health Solutions, Inc.
Financial performance and metrics
For the nine months ended June 30, 2025: net sales $41.1M (down 65% YoY), gross profit $10.3M (down 56% YoY), net loss $29.7M.
Operating expenses increased 34% YoY to $42.5M, driven by integration and impairment charges.
Adjusted EBITDA for the nine months ended June 30, 2025 was $(19.1)M.
Cash and cash equivalents as of June 30, 2025: $0.9M; working capital deficiency and recurring operating losses raise substantial doubt about going concern.
Goodwill impairment of $19.7M and intangible asset impairment of $2.7M recognized in fiscal 2024.
Use of proceeds and capital allocation
No proceeds will be received from the resale of shares by selling stockholders.
Net proceeds from ELOC transactions, if any, are expected to be used for working capital and general corporate purposes.
Management is pursuing additional capital through equity/debt offerings, cost controls, and potential asset divestitures.
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