Better Choice Company Inc. is a growing animal health and wellness company committed to leading the industry shift toward pet products and services that help dogs and cats live healthier, happier and longer lives. The company takes an alternative, nutrition-based approach to animal health relative to conventional dog and cat food offerings and position its portfolio of brands to benefit from the mainstream trends of growing pet humanization and consumer focus on health and wellness. The company has a demonstrated, multi-decade track record of success selling trusted animal health and wellness products and leverage its established digital footprint to provide pet parents with the knowledge to make informed decisions about their pet’s health. Better Choice sells the majority of its dog food, cat food and treats under the Halo and TruDog brands, which are focused, respectively, on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet dog food and treats.
Company profile
Ticker
BTTR
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Sport Endurance, Inc.
SEC CIK
Corporate docs
Subsidiaries
Bona Vida, Inc. • Halo, Purely for Pets, Inc. • Wamore Corporation S.A. ...
IRS number
262754069
BTTR stock data
Latest filings (excl ownership)
RW
Registration withdrawal request
25 May 23
8-K
Departure of Directors or Certain Officers
16 May 23
8-K
Better Choice Company Reports First Quarter 2023 Financial Results
12 May 23
10-Q
2023 Q1
Quarterly report
12 May 23
S-3
Shelf registration
1 May 23
10-K
2022 FY
Annual report
28 Mar 23
8-K
Better Choice Company Reports Fourth Quarter and Full Year 2022 Financial Results
28 Mar 23
8-K
Departure of Directors or Certain Officers
20 Mar 23
8-K/A
Better Choice Announces Streamlining of Operations and Reduction in Workforce
2 Mar 23
8-K
Departure of Directors or Certain Officers
2 Mar 23
Transcripts
BTTR
Earnings call transcript
2022 Q3
10 Nov 22
BTTR
Earnings call transcript
2022 Q2
14 Aug 22
BTTR
Earnings call transcript
2022 Q1
15 May 22
BTTR
Earnings call transcript
2021 Q4
29 Mar 22
BTTR
Earnings call transcript
2021 Q3
14 Nov 21
BTTR
Earnings call transcript
2021 Q2
14 Aug 21
BTTR
Earnings call transcript
2021 Q1
15 May 21
Latest ownership filings
SC 13G/A
Word John M III
14 Feb 23
SC 13G/A
Brown Edward James Jr.
14 Feb 23
SC 13G/A
Brandywine Global Investment Management, LLC
13 Feb 23
SC 13G/A
Cavalry Fund I LP
13 Feb 23
SC 13G/A
Must Asset Management Inc.
7 Feb 23
4
Lionel F. Conacher
1 Feb 23
4
Donald Young
19 Jan 23
4
Sharla A Cook
13 Jan 23
4
Robert Sauermann
13 Jan 23
4
Gil Fronzaglia
5 Jan 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 7.95 mm | 7.95 mm | 7.95 mm | 7.95 mm | 7.95 mm | 7.95 mm |
| Cash burn (monthly) | 508.00 k | 1.29 mm | 1.16 mm | 3.23 mm | 491.00 k | 1.20 mm |
| Cash used (since last report) | 1.09 mm | 2.78 mm | 2.50 mm | 6.96 mm | 1.06 mm | 2.58 mm |
| Cash remaining | 6.86 mm | 5.17 mm | 5.45 mm | 991.14 k | 6.89 mm | 5.37 mm |
| Runway (months of cash) | 13.5 | 4.0 | 4.7 | 0.3 | 14.0 | 4.5 |
Institutional ownership, Q1 2023
34.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 23 |
| Opened positions | 1 |
| Closed positions | 3 |
| Increased positions | 4 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 2.22 bn |
| Total shares | 10.64 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Must Asset Management | 2.85 mm | $1.07 bn |
| HEP Partners | 2.51 mm | $0.00 |
| Brandywine Global Investment Management | 1.32 mm | $490.15 mm |
| Cavalry Fund I | 1.29 mm | $0.00 |
| Perkins Capital Management | 870.33 k | $322.00 k |
| Vanguard | 683.41 k | $252.86 mm |
| Vanguard Capital Wealth Advisors | 236.84 k | $87.63 mm |
| Brown Brothers Harriman & Co | 227.24 k | $84.08 mm |
| Geode Capital Management | 151.29 k | $55.98 mm |
| Bridgeway Capital Management | 101.70 k | $37.63 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Jan 23 | Lionel F. Conacher | Common Stock | Grant | Acquire A | No | No | 0 | 18,021 | 0.00 | 315,817 |
| 11 Jan 23 | Robert Sauermann | Common Stock | Grant | Acquire A | No | No | 0 | 40,000 | 0.00 | 68,800 |
| 11 Jan 23 | Sharla A Cook | Common Stock | Grant | Acquire A | No | No | 0 | 40,000 | 0.00 | 46,502 |
| 11 Jan 23 | Donald Young | Common Stock | Grant | Acquire A | No | No | 0 | 20,000 | 0.00 | 590,601 |
| 4 Jan 23 | Arlene Dickinson | Common Stock | Grant | Acquire A | No | No | 0.56 | 178,572 | 100.00 k | 222,241 |
News
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2 Jun 23
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1 Jun 23
Recap: Better Choice Co Q1 Earnings
12 May 23
Better Choice Co Q1 EPS $(0.11) Misses $(0.03) Estimate, Sales $9.24M Miss $17.40M Estimate
12 May 23
More Than $4M Bet On Better Therapeutics? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying
13 Apr 23
Press releases
Better Choice Announces Implementation of Re:Amaze AI Beta Chat Bot, a GoDaddy Brand
1 Jun 23
Better Choice Appoints Kent Cunningham as Chief Executive Officer
11 May 23
Better Choice New Product Line, Halo Elevate, Achieves Strong Sales Growth in Pet Specialty Channel
31 Mar 23
Better Choice Company Reports Fourth Quarter and Full Year 2022 Financial Results
28 Mar 23
Better Choice's Halo Pet Food Brand Awarded "2022 Consumer's Favorite Imported Cat Brand" by the China Pet Industry White Paper
17 Mar 23