---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028476"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T13:26:04.960447+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-028476
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315223028476/0001493152-23-028476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315223028476/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028476
- JSON: https://secwatch.observer/filing/0001493152-23-028476.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028476.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223028476/0001493152-23-028476-index.htm
- Earnings Releases
  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
  source text: Revenue for the second quarter of 2023 totaled $97,043 compared to revenues of $236,660 for the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223028476/0001493152-23-028476-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223028476/0001493152-23-028476-index.htm

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