Sigma Additive Solutions to acquire NextTrip, sell QA assets to Divergent; Q3 net loss $0.9M

NextTrip, Inc.

Q3 2023 revenue $141,988 down from $188,245 YoY; gross loss $(34,128); net loss $0.9M ($1.57/share).
Definitive agreement to acquire NextTrip Holdings for 19.99% of Sigma common plus contingent earnout shares.
Signed asset purchase agreement to sell in-process QA technology suite to Divergent Technologies.
Both transactions expected to close in Q4 2023; company to rename NextTrip, Inc., new Nasdaq symbol.
Cash $0.6M at Sept 30; monthly cash burn averaged $59K in Q3, down from $373K in Q2 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NextTrip, Inc. reported the quarter ended September 30, 2023 results: revenue $141,988, net income $0.9 million, EPS ($1.57) per share.

Period: the quarter ended September 30, 2023
Revenue: $141,988
Net income: $0.9 million
EPS: ($1.57) per share
Result: reported results

Exact text from the filing

Revenue for the third quarter of 2023 totaled $141,988 compared to revenues of $188,245 for the third quarter of 2023.

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

NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-040474

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