---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017267"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:51:34.105638+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-017267
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315223017267/0001493152-23-017267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315223017267/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017267
- JSON: https://secwatch.observer/filing/0001493152-23-017267.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017267.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223017267/0001493152-23-017267-index.htm

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