Quarterly ResultMay 14, 2026, 04:14 PM
SRx Health Solutions to Acquire EMJX for $55M; Reports Q1 Net Loss $6.38M
AI Summary
SRx Health Solutions, Inc. announced its Q1 2026 results, reporting a net loss of $6.38 million on net sales of $3.44 million. The company also disclosed an agreement to acquire EMJX Crypto Technologies Inc. and related intellectual property for approximately $55 million in an all-stock transaction. These results reflect a significant business transformation following the April 2025 merger with Better Choice Company, Inc., the discontinuation of its Canadian healthcare business, and the subsequent focus on its premium pet health and nutrition products segment, Halo. The company's cash and cash equivalents significantly increased to $20.54 million.
Key Highlights
- Agreed to acquire EMJX Crypto Technologies Inc. and intellectual property for approximately $55 million in an all-stock transaction.
- Reported Q1 2026 net sales of $3.44 million, compared to $0 in Q1 2025 due to business transformation.
- Net loss for Q1 2026 was $6.38 million, an improvement from a net loss of $10.15 million in Q1 2025.
- Basic loss per share improved to $(0.02) in Q1 2026 from $(0.39) in Q1 2025.
- Cash and cash equivalents increased to $20.54 million as of March 31, 2026, from $1.31 million on September 30, 2025.
- Total stockholders' equity rose to $18.29 million as of March 31, 2026, from $0.41 million on September 30, 2025.
- Continuing operations now solely consist of the premium pet health and nutrition products segment (Halo).
- Digital assets were $8.33 million as of March 31, 2026, following the adoption of ASU 2023-08.