NextTrip Inc (OQ:NTRP)

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
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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

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