Quarterly ResultJul 15, 2026, 05:02 PM
NextTrip Q1 Revenue $1.45M, Net Loss $(3.13)M; Going Concern Doubt
AI Summary
NextTrip, Inc. reported its first-quarter results for the period ended May 31, 2026, with revenue significantly increasing to $1.45 million from $0.14 million year-over-year. The company reduced its net loss to $(3.13) million, or $(0.22) per share, compared to $(4.46) million, or $(0.68) per share, in the prior year. However, the filing includes a substantial doubt about the company's ability to continue as a going concern due to accumulated deficits and working capital deficits.
Key Highlights
- Substantial doubt raised about company's ability to continue as a going concern.
- Q1 2026 revenue surged to $1.45 million, up from $0.14 million YoY.
- Net loss narrowed to $(3.13) million from $(4.46) million YoY.
- Basic and diluted loss per share improved to $(0.22) from $(0.68) YoY.
- Cash and cash equivalents decreased to $803,490 from $1.70 million.
- Net cash used in operating activities increased to $(2.34) million.
- Total stockholders' equity decreased to $3.70 million.
Price Impact
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