NextTrip (NTRP) Registration Filing summary

Company overview and business model

• Operates an integrated travel booking and media platform targeting leisure, group, and business travelers, powered by proprietary NXT2.0 technology and supported by media brands like Journy.tv and Travel Magazine.

• Focuses on personalized experiences, group travel, and travel agent solutions, with features such as PayDlay (delayed payment), and a dual revenue model from bookings and advertising.

• Scaled inventory to over four million hotels, vacation rentals, and cruises through direct contracts and third-party API integrations, including strategic acquisitions like Bookit.com and Five Star Alliance.

• Media strategy integrates content and booking to drive high-intention traffic and advertising revenue, leveraging partnerships with Leap Media and Blue Fysh.

Financial performance and metrics

• Generated $0.5 million in revenue for the fiscal year ended February 28, 2025, and $0.46 million for the prior year, with $0.90 million in revenue for the six months ended August 31, 2025.

• Reports substantial doubt about ability to continue as a going concern for 12 months from the last quarterly filing, with ongoing net losses and negative cash flows expected.

Use of proceeds and capital allocation

• Intends to use net proceeds for working capital, R&D, capital expenditures, general corporate purposes, acquisitions, asset purchases, or stock repurchases, with management retaining broad discretion over allocation.