---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-009731"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:52:43.558227+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-009731
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315223009731/0001493152-23-009731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315223009731/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-009731
- JSON: https://secwatch.observer/filing/0001493152-23-009731.json
- Plain text: https://secwatch.observer/filing/0001493152-23-009731.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223009731/0001493152-23-009731-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.