NextTrip (NTRP) investor relations material

Executive summary

• Six-month revenue more than doubled as platform integration and product enhancements took priority over near-term revenue; focus shifts to commercialization in H2.

• JOURNY TV and GoUSA TV were consolidated into a unified brand, platform and technology stack; integration work was substantially completed after quarter-end.

• Recurring losses, operating cash outflows and a $3.20M working-capital deficit raise substantial doubt about the ability to continue as a going concern within one year.

Financial highlights

• Q2 revenue was $546,687, down 28% YoY from $757,648; H1 revenue was $1,998,422, up 123% from $896,475.

• Q2 gross profit was $175,976 versus $165,575; H1 gross profit was $384,075 versus $204,481. Q2 gross margin was 32% versus 22%; H1 margin was 19% versus 23%.

• Net loss applicable to common stockholders was $3.752M in Q2 versus $3.081M and $6.897M in H1 versus $7.603M; loss per share was $0.25 and $0.47, respectively.

• H1 operating expenses fell 18% to $6.615M; non-cash expenses were $1.949M, 29% of operating expenses, versus $4.254M and 53% a year earlier.

• Quarter-end deferred revenue was ~$1.2M, supported partly by cruise bookings; revenue is generally recognized when related travel or services are fulfilled.

Outlook and guidance

• Fiscal 2027 activity is expected to strengthen and ramp in H2 as integration and product work gives way to commercialization.

• Priorities include NextTrip Pro launch and advisor onboarding, JOURNY TV monetization, broader JOURNYGO deployment, travel bookings, and initial YADA Commerce and NextTrip LIVE contributions.

• Contribution timing and scale depend on launch schedules, customer and advisor adoption, advertising demand, travel fulfillment and event execution; a >$5M direct-sales pipeline is not contracted revenue.

• At least $5.5M in cash is estimated to be needed for the 12 months after issuance, exceeding August 31 cash of $1.145M; estimate excludes scheduled Lind note installments.

• Financing, available related-party credit, integration, discretionary cost management and partnerships are planned; no financing commitments had been received at issuance.