secwatch.observer — SEC 8-K summary
======================================

Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001493152-22-031626
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000149315222031626/0001493152-22-031626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000149315222031626/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031626

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer