Sigma Additive Solutions reports Q1 revenue up 151% YoY; net loss narrows; strategic review ongoing

NextTrip, Inc.

Revenue $130,159 vs $51,844 YoY; gross margin improved to 51% from 23%.
Net loss $1.8M ($0.17/share) vs $2.2M ($0.21/share) YoY; operating expenses down 19%.
Cash $1.5M at March 31, down from $2.8M at Dec 31; monthly cash burn $452k (down from $652k in Q4 2022).
Evaluating strategic alternatives (M&A, investment) with Lake Street Capital; no Q1 call held.
Expanded partnerships with Materialise and DyeMansion; targeting Q2 2023 launch of software-only solutions.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NextTrip, Inc. reported first quarter ended March 31, 2023 results: revenue $130,159, net income $1.8 million, EPS $0.17 per share.

Period: first quarter ended March 31, 2023
Revenue: $130,159
Net income: $1.8 million
EPS: $0.17 per share
Result: reported results

Exact text from the filing

model and transform to software only product options,” concluded Brunsberg. First Quarter 2023 Financial Results Revenue for the first quarter of 2023 totaled $130,159 compared to revenues of $51,844 for the first quarter of 2022. The increase was primarily due to increased PrintRite3D sales, increased subscription-based revenue, and increased

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NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-017267

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