Sigma Additive Q3 revenue $188K (-73% YoY); net loss $2.3M, cash down to $4.8M

NextTrip, Inc.

2023-Q3 EPS reported -$12.93 vs consensus -$1.84 ▼ miss (-604.2%)

Revenue declined to $188K from $700K YoY due to fewer PrintRite3D unit sales and lower contract manufacturing.
Net loss of $2.3M ($0.22/share) vs $2.5M ($0.24/share) in Q3 2021; gross margin fell to 58% from 76%.
Cash at $4.8M at Sep 30, 2022, down from $11.4M at Dec 31, 2021; operating cash burn $6.4M in 9 months.
Partnered with SLM Solutions and Novanta; launched beta of PrintRite3D Machine Health software-only module.
Order backlog for Q4 $334K, up 39% from Q2; average deal cycle reduced to 4.4 months.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NextTrip, Inc. reported the quarter ended September 30, 2022 results: revenue $188,245.

Period: the quarter ended September 30, 2022
Revenue: $188,245
Result: reported results

Exact text from the filing

Revenue for the third quarter of 2022 totaled $188,245 as compared to $700,237 for the third quarter of 2021.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-031626

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