Better Choice Co. Sees Preliminary Q2 2024 EPS Of $2.98; Estimates $2.7M Of Net Income; Estimates Halo Breaks Even At $200K Adj. EBITDA For First Half 2024

Author: Benzinga Newsdesk | August 02, 2024 08:14am

Estimates $2.7 Million Net Income for Second Quarter 2024, a 190% Increase YOY

Estimates Basic EPS of $2.98 per share for Second Quarter 2024, a 170% Increase YOY

Estimates Halo Breaks Even at $0.02 Million Adj. EBITDA for First Half 2024, a 101% Increase YOY*

TAMPA, FL, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE:BTTR) (the "Company" or "Better Choice"), a pet health and wellness company, today announced preliminary, key financial metrics guidance for the three months and six months ended June 30, 2024.

Based on preliminary unaudited results, Better Choice anticipates reporting strong performance for the second quarter of 2024, highlighting estimated accelerated business growth:

• Net income of $2.7 million for the three months ended June 30, 2024, an increase of 190% year-over-year ("YOY"), and net loss of ($0.2) million for the six months ended June 30, 2024, an increase of 97% YOY.
• Cash used in operating activities of ($1.0) million for the six months ended June 30, 2024, a 20% improvement YOY
• Halo, Purely for Pets, Inc. ("Halo"), the Company's premium pet food asset, breaks even with Adjusted EBITDA ("Adj. EBITDA") of $0.02 Million for the first half of 2024, a 101% increase YOY.*

Posted In: BTTR