Sector: Consumer Cyclicals | Industry: Leisure & Recreation |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 3900 Paseo Del Sol SANTA FE NM 87507 |
Tel: | 1-949-4918235 |
Website: | https://www.nexttrip.com |
IR: | See website |
Key People | ||
Donald P. Monaco Chairman of the Board | William Kerby Chief Executive Officer, Director | Frank D. Orzechowski Chief Financial Officer, Treasurer, Principal Accounting Officer, Principal Financial officer, Corporate Secretary |
Business Overview |
NextTrip, Inc., formerly Sigma Additive Solutions, Inc., is a technology company that is building solutions to power the travel industry. The Company provides travel technology solutions with sales originating in the United States, with a primary emphasis on ALR properties, hotel, air, cruise, and all-inclusive travel packages. It operates a technology-driven platform delivering travel booking and travel media solutions. Its NextTrip Leisure provides individual and group travelers with vacations to the popular and sought-after destinations in Mexico, the Caribbean and across the world. Its NextTrip Media platform, Travel Magazine, offers a social media platform for viewers to explore, educate and share with friends their bucket list travel. Additionally, the Company is launching an end-to-end content ecosystem that uses artificial intelligence (AI)-assisted travel planning, capturing, advertising, building brand awareness, rewarding loyalty and driving bookings. |
Financial Overview |
For the nine months ended 30 September 2023, NextTrip Inc revenues decreased 23% to $369K. Net loss applicable to common stockholders decreased 42% to $4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Salaries & Benefits decrease of 52% to $1.8M (expense), Office Expenses decrease of 55% to $310K (expense). |
Employees: | 25 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2.01M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.52M as of Sep 30, 2023 |
EBITDA (TTM): | -$5.83M as of Sep 30, 2023 |
Net annual income (TTM): | -$5.92M as of Sep 30, 2023 |
Free cash flow (TTM): | -$4.69M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 936,430 as of Jan 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |