Company Summary: NextTrip, Inc.

Overview

• Business Type: Early-stage, technology-driven travel company.
• Core Focus: Developing an integrated travel booking and media platform to serve leisure, group, and business travelers.
• Main Offerings: Travel booking engine, media properties, travel brands, and specialized features.

Key Platforms & Brands

• NXT2.0 Booking Engine: Proprietary platform powering multiple websites and services, supporting extensive travel inventory.
• Brands & Platforms:
  • NextTrip Vacations: Direct-to-consumer leisure travel.
  • Five Star Alliance: Luxury and cruise travel bookings, offering curated high-end hotel and cruise options.
  • NextTrip Business: Small-to-mid-sized corporate travel.
  • Travel Media Properties:
    • TravelMagazine.com – Destination content, travel articles, guides.
    • Journy.tv – Travel streaming channels.
    • Compass.tv – AVOD travel content platform.
  • Specialized Platforms: Widgets for groups (Groups Platform) and travel agents (Travel Agent Platform), and PayDlay for delayed payment bookings.

Media & Content Strategy

• Media Reach:
  • TravelMagazine.com, Compass.tv, and Journy.tv combined have approximately 17 million viewers.
  • Influencers associated with platforms reach several million followers.
• Content Offerings: Destination guides, travel videos, blogs, articles, high-quality digital experiences.
• Advertiser Partnerships: Collaborations with agencies like Leap Media, Travel Spike, and Blue Fysh to generate advertising revenues.

Business Model & Revenue

• Revenue Streams:

  • Travel Bookings: Commissions from sales of airline tickets, hotel rooms, cruises, tours, ground services, and travel insurance.
  • Advertising Revenue: From media platforms targeting travelers and promoting travel products/services.
  • Additional Services: Premium features like trip planning, concierge support, and premium or package offerings.

• Current Performance (as of latest reporting):

  • Revenue: $501,423 for fiscal year 2025.
  • Net Loss: $10,198,684 for fiscal year 2025.
  • Employees: 16 full-time employees.
  • Customers: Over 150 travel agents engaged in beta testing.
  • Market Capitalization: Approximately $3.8 million (market value of stock held by non-affiliates based on last reported date).

Inventory & Partnerships

• Over 4 million hotel properties, vacation rental homes, and cruise products.
• Strategic partnerships with:
  • Expedia
  • Nuitée (extensive lodging portfolio)
  • Five Star Alliance (luxury accommodations and cruises)
  • Recently announced direct partnership with Intimate Hotels of Barbados (“IHB”), serving as their official booking engine.
• Acquisition of media assets such as Journy.tv and Travel Magazine.
• Recent integration of API content from major suppliers for broad inventory access.

Development & Expansion

• Focus on expanding supplier relationships, media content integration, advanced features (group bookings, travel agents, AI travel assistant).
• Initiatives include building a social media platform “My Journy” for personalized planning and sharing.
• Efforts in international expansion, although these are still in early stages and face typical risks.

Financial & Capital

• Total assets: ~$9.9 million
• Total liabilities: ~$2.57 million
• Negative working capital: ~$105,577 (as of fiscal year-end 2025)
• Funding: Raised over $6.8 million in 2025 via promissory notes, preferred stock, related party advances, and warrants.
• Anticipates needing at least $5.5 million in funding over the next year to continue operations.
• Currently incur significant operating losses with ongoing net losses and a substantial accumulated deficit ($34.3 million).

Employees & Leadership

• Employees: 16 full-time.
• Key Executives:
  • William Kerby: CEO since December 2023, extensive experience in travel and media industries.
  • John McMahon: COO, travel division, since February 2025.
  • Frank Orzechowski: CFO, since 2019.
  • Lyndsey North: Former President, terminated employment January 2025.

Summary Note

• Size: Small early-stage company with nominal revenue, large potential inventory, and media audience.
• Operations: Primarily digital with a focus on integrating travel booking with rich multimedia content, targeting higher-margin advertising and premium travel segments.
• Financial Status: Not profitable, heavily reliant on raising capital, facing significant operational and financial risks.