Sigma Additive posts Q2 revenue $97k, net loss $1.3M, enters ATM equity facility up to $1.5M

NextTrip, Inc.

2023-Q2 EPS reported -$0.29 vs consensus -$1.84 ▲ beat (+84.2%)

Revenue $97,043 vs $236,660 YoY; gross margin improved to 62% from 18% on lower cost of revenue.
Net loss $1.3M ($0.12/sh) vs $2.3M ($0.22/sh) YoY; operating expenses down 40% to $1.4M.
Cash $0.4M at June 30; avg monthly cash burn $373k in Q2, down from $652k in Q4 2022.
Company exploring strategic alternatives; received multiple non-binding proposals; discontinued product development and new customer pursuit.
Entered ATM sales agreement with Lake Street Capital Markets to sell up to $1.5M common stock; 3.0% commission.

item 1.01 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 0.95

NextTrip, Inc. reported the three months ended June 30, 2023 results: revenue $97,043, net income $1.3 million, EPS $0.12 per share.

Period: the three months ended June 30, 2023
Revenue: $97,043
Net income: $1.3 million
EPS: $0.12 per share
Result: reported results

Exact text from the filing

We look forward to providing additional updates in the weeks to come,” concluded Brunsberg. Second Quarter 2023 Financial Results Revenue for the second quarter of 2023 totaled $97,043 compared to revenues of $236,660 for the second quarter of 2022. The decrease was primarily due to decreased PrintRite3D sales, decreased subscription-based revenue, and decreased

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NextTrip, Inc. reported the second quarter of 2023 results: revenue $97,043, net income $1.3 million, EPS $0.12 per share.

Period: the second quarter of 2023
Revenue: $97,043
Net income: $1.3 million
EPS: $0.12 per share
Result: reported results

Exact text from the filing

Revenue for the second quarter of 2023 totaled $97,043 compared to revenues of $236,660 for the second quarter of 2022.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NextTrip, Inc. entered into Sales Agreement with Lake Street Capital Markets, LLC valued at up to $1,500,000 (effective 2023-08-14).

Action: entry
Agreement: atm program
Counterparty: Lake Street Capital Markets, LLC
Value: up to $1,500,000
Effective: 2023-08-14

Exact text from the filing

On August 14, 2023, Sigma Additive Solutions, Inc. (“we,” “us,” “Sigma” or the “company”) entered into an At-the-Market Issuance Sales Agreement (the “Sales Agreement”) with Lake Street Capital Markets, LLC (the “Agent”), pursuant to which we may issue and sell from time to time through the Agent shares of our common stock, $0.001 par value per share, having an aggregate offering price of up to $1,500,000 (the “Offering”).

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-028476

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.