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SRx Health Solutions (SRXH) investor relations material
SRx Health Solutions Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Registration Filing summary23 Dec, 2025
Company overview and business model
Operates as a premium pet health and wellness company, focused on the Halo brand, offering a broad portfolio of pet food and wellness products for dogs and cats, distributed through e-commerce, brick & mortar, and international channels.
Legacy specialty pharmacy and healthcare services operations were discontinued following bankruptcy and restructuring; current business is solely the Halo pet products segment.
Halo emphasizes high-quality, science-based nutrition, with products manufactured by established co-manufacturers and a digital-first sales strategy.
The company underwent a reverse merger in April 2025, with SRx Canada as the accounting acquirer and Better Choice Company as the legal acquirer, resulting in a streamlined business focused on consumer pet products.
Financial performance and metrics
For the year ended September 30, 2025, net sales from continuing operations were $6.5 million, with a gross profit of $1.5 million and a gross margin of 23%.
Operating expenses totaled $12.9 million, resulting in a loss from continuing operations of $11.4 million and a net loss of $8.6 million.
Adjusted EBITDA for continuing operations was $(1.8) million for 2025.
Cash and cash equivalents as of September 30, 2025, were $1.3 million; the company raised $8.8 million in a private placement and $6.1 million from convertible debt during the year.
The company maintains a full valuation allowance against deferred tax assets due to ongoing losses and uncertainty of future profitability.
Use of proceeds and capital allocation
The company will not receive proceeds from the resale of shares by selling stockholders; proceeds from prior financings are allocated to working capital and general corporate purposes.
Management prioritizes strengthening the financial position, optimizing cost structure, and supporting growth initiatives in the Halo business.
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Frequently asked questions
Better Choice Company Inc. is a pet health and wellness company specializing in premium pet food and supplement products. The company offers a range of natural, high-quality, and science-driven nutrition solutions for dogs and cats under brands such as Halo and TruDog. Its products include dry and wet food, freeze-dried raw diets, and nutritional supplements. The company is headquartered in Tampa, Florida, and its shares are listed on the NYSE.
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