Sigma Additive Solutions FY2022 revenue falls 63% to $0.63M; net loss widens to $8.7M

NextTrip, Inc.

2024-FY EPS reported -$70.32 revenue$382,832

Full-year 2022 revenue $0.63M vs $1.7M in 2021, down 63% on fewer perpetual license sales.
Net loss $8.7M ($0.83 per share) vs $7.5M ($0.76 per share) in 2021.
Cash at Dec 31, 2022: $2.8M, down from $11.4M a year earlier; avg monthly cash burn $652K in Q4.
Operating expenses reduced 5.7% to $9.0M; salary costs cut 40% from April 2022.
Retained Lake Street Capital Markets to evaluate strategic alternatives including a possible merger or sale.

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 0.7

NextTrip, Inc. reported financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 30, 2023, Sigma Additive Solutions, Inc. (the "Company") issued a press release announcing the Company’s financial results for the fourth quarter and year ended December 31, 2022.

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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 0001493152-23-009731

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