NextTrip (NTRP) investor relations material

Executive summary

• Revenue for the quarter ended May 31, 2025, was $138,827, down 27% year-over-year due to limited marketing spend from cash constraints.

• Net loss applicable to common stockholders increased 127% to $4,521,695 compared to the same quarter last year, driven by higher operating expenses and preferred dividends.

• The company completed the acquisition of Five Star Alliance (FSA) and Journy.tv, expanding its travel and media platform offerings.

• Substantial doubt exists about the company's ability to continue as a going concern for the next 12 months due to low cash and a significant working capital deficit.

• Board of Directors expanded and reconstituted following the completion of business milestones and the reverse acquisition.

Financial highlights

• Revenue decreased to $138,827 from $188,793 year-over-year; cost of revenue fell 42% to $99,921.

• Operating expenses rose 138% to $4,678,643, mainly due to stock-based compensation and professional services.

• Net loss from continuing operations was $4,457,232, up from $1,987,626 year-over-year.

• Cash at quarter-end was $130,906, down from $1,062,367 at the prior fiscal year-end.

• Working capital deficit widened to $1,142,891 from $105,577 at the prior year-end.

Outlook and guidance

• The company estimates it will require at least $5.5 million to continue operations for the next twelve months.

• Additional funding is needed to support ongoing operations, product development, and Nasdaq listing compliance.

• Management warns that failure to secure financing may result in scaling back or terminating operations and potential Nasdaq delisting.