NextTrip expects higher-margin revenue streams to represent an increasing percentage of overall revenue
Company anticipates continued momentum from expanded advertising sales, YADA integration and media platform rollout
NextTrip plans to launch its Travel Agent platform, NextTrip Pro, in August
Overview
US travel and media firm's fiscal Q1 revenue rose over 940% yr/yr to $1.45 mln
Company attributes growth to transition toward higher-margin travel, media and creator commerce
Launch of cruise platform and media consolidation cited as future growth drivers
NextTrip shares rise about 20% in extended trading
Result Drivers
Cruise platform launch - Co said recently launched cruise platform generated about $400,000 in bookings, expanding higher-margin travel offerings
Advertising sales expansion - Co said addition of senior travel advertising executives and expanded platform expected to boost higher-margin advertising and sponsorship revenue
Media consolidation - Co said consolidation of JOURNY TV and GoUSA TV into unified platform increased advertising inventory and operational efficiency
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Nexttrip Inc is $6.25, about 210.9% above its July 14 closing price of $2.01
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