Better Choice Co Inc. Files Q2 2024 10-Q

TL;DR

Better Choice Co Inc. 10-Q filed: Q2 2024 financials are in, compare to last year.

AI Summary

Better Choice Co Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as Sport Endurance, Inc., is based in Tampa, Florida, and operates in the beverages sector. The filing covers financial data for the second quarter and the first half of 2024, comparing it to the same periods in 2023.

Why It Matters

This filing provides investors with the latest financial performance and position of Better Choice Co Inc., crucial for understanding its operational health and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks disclosed.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 20240814 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Better Choice Co Inc. (company) — Filer of the 10-Q
• Sport Endurance, Inc. (company) — Former name of Better Choice Co Inc.
• Tampa, FL (location) — Business and mailing address
• 20240630 (date) — End of reporting period
• 20240814 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — nge on which Registered Common Stock, $0.001 par value share BTTR NYSE American

Filing Documents

• form10-q.htm (10-Q) — 986KB
• ex31-1.htm (EX-31.1) — 16KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 10KB
• 0001493152-24-032012.txt ( ) — 5208KB
• bttr-20240630.xsd (EX-101.SCH) — 44KB
• bttr-20240630_cal.xml (EX-101.CAL) — 65KB
• bttr-20240630_def.xml (EX-101.DEF) — 145KB
• bttr-20240630_lab.xml (EX-101.LAB) — 339KB
• bttr-20240630_pre.xml (EX-101.PRE) — 267KB
• form10-q_htm.xml (XML) — 738KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 4.

Controls and Procedures

Controls and Procedures 27 Part II 1.

Legal Proceedings

Legal Proceedings 29 1A.

Risk Factors

Risk Factors 29 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 3. Defaults Upon Senior Securities 29 4. Mine Safety Disclosures 29 5. Other Information 29 6. Exhibits 30

Signatures

Signatures 31 2 Table of Contents FORWARD-LOOKING This report contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this report are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking "anticipate," "believe," "can," "could," "estimate," "expect," "forecast," "intend," "likely," "may," "outlook," "plan," "potential," "project," "projection," "seek," "should," "will," "would," the negatives thereof and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. They appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, but not limited to, those summarized below: our ability to continue as a going concern; the impact of damage to or interruption of our information technology systems due to cyber-attacks or other circumstances beyond our control;

business

business interruptions resulting from geopolitical actions, including war and terrorism; our ability to successfully implement our growth strategy; failure to achieve growth or manage anticipated growth; our ability to achieve or maintain profitability; the loss of key members of our senior management team; our ability to generate sufficient cash flow or raise capital on acceptable terms to run our operations, service our debt and make necessary capital expenditures; our dependence on our subsidiaries for payments, advances and transfers of funds due to our holding company status; our ability to successfully develop additional products and services or successfully market and commercialize such products and services; competition in our market; our ability to attract new and retain existing customers, suppliers, distributors or retail partners; allegations that our products cause injury or illness or fail to comply with government regulations; our ability to manage our supply chain effectively; our or our co-manufacturers' and suppliers' ability to comply with legal and regulatory requirements; 3 Table of Contents the effect of potential price increases and shortages on the inputs, commodities and ingredients that we require, whether as a result of the continued actual or perceived effects of broader geopolitical and macroeconomic conditions, including the military conflict between Russia and Ukraine; our ability to develop and maintain our brand and brand reputation; compliance with data privacy rules; our compliance with applicable regulations issued by the U.S. Food and Drug Administration ("FDA"), the U.S. Federal Trade Commission ("FTC"), the U.S. Department of Agriculture ("USDA"), and other federal, state and local regulatory authorities, including those regarding marketing pet food, products and supplements; risk of our products being recalled for a variety of reasons, including product defects, packaging safety and inadeq

View Full Filing

View this 10-Q filing on SEC EDGAR