BETRF
BetterLife Pharma Inc.0.0380
+0.0060+18.7%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
5.77MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q1 FY2020 results
Pivot Pharmaceuticals posted no revenue for Q1 FY2020 ended April 30, 2019, with operating loss shrinking 12% y/y to $1.7M from $1.9M while net loss narrowed further to $1.9M, mainly from cuts in general/admin and professional fees despite higher amortization and salaries. Cash drained to $45K amid $568K operating burn, offset by $1.3M financing inflows including unit issuance; debt stood at $2.9M convertible notes (10%, due June 2019) plus $271K promissory note, with $5.3M current liabilities signaling tight liquidity. Diluted EPS held at ($0.02) across 100M shares, anti-dilutive effects excluded. Lease liabilities hit $1.1M post-ASC 842 adoption. Ongoing arbitration with ex-Pivot Naturals execs poses severance risk.
8-K
Closes $11.5M placement
Pivot Pharmaceuticals closed a CDN$11.5M private placement of 46.1M units at CDN$0.25 each on May 15, 2019, issuing common shares and two-year warrants exercisable at CDN$0.35. It then extinguished CDN$2.75M convertible debentures on May 16 via 595k shares for CDN$0.25M and CDN$2.5M cash repayment. Balance sheet cleans up fast.
10-K
FY2019 results
Pivot Pharmaceuticals posted zero revenue for FY2019 ended January 31, 2019, with operating expenses exploding to $6.8M from $1.4M y/y on acquisitions of RTIC patents and Thrudermic tech, driving $901K depreciation and $1.5M wages; net loss hit $9.1M, up from $42K. No Q4 breakdowns disclosed. Cash drained to $75K amid $5.8M financing inflows, leaving a $4.8M working capital deficit and $3.5M convertible debentures due soon. Auditors flag going concern doubts. Substantial doubt lingers. It's pre-revenue.
8-K
Auditor switch, no issues
Pivot Pharmaceuticals dismissed Sadler Gibb as its auditor on January 29, 2019, and engaged MNP LLP as replacement, with board approval and no disagreements or reportable events noted. Prior audits were clean but flagged going concern doubts. Shares issued January 25 for services. Clean switch, yet continuity questioned.
8-K
Forms cannabis beverage JV
Pivot Pharmaceuticals entered a unanimous shareholders' agreement on December 17, 2018, with Cartagena Leaf to form Pivot-Cartagena Joint Venture Inc. in Quebec. The 50/50 JV targets cannabis-infused non-alcoholic beverages, blending Pivot's Solumer™ and RTIC™ technologies with Cartagena's Mexican distillery network. JVC will seek Health Canada licenses. Deadlock risks buy-sell provisions.
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