NextTrip pro forma net loss $4.5M on $152K revenue for Q1 after FSA acquisition closure

NextTrip, Inc.

Pro forma net loss $4.5M ($0.69/share) for three months ended May 31, 2025 on revenue of $152K.
NextTrip acquired 100% of FSA Travel for $2M total consideration ($1M cash + 322,582 Series O preferred shares).
FSA contributed $13.6K revenue and $22.1K operating loss for the period from March 1 to April 9, 2025.
Pro forma operating loss $4.7M driven by $2.0M organization costs and $1.2M professional services.
Contingent milestone payments up to $800K (four $200K milestones) payable upon achieving business milestones.

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