On January 3, 2024, Sigma Additive Solutions, Inc. (SASI) made waves in financial markets with its after-hours performance, revealing notable statistics. The stock experienced a significant surge, reaching $4.8, marking a substantial change of 65.517%. During this post-market period, trading volume hit 1.7 million shares, indicating increased investor interest.
The after-hours session became pivotal for SASI, sparking curiosity among market participants to comprehend the factors influencing the remarkable shift in the company’s valuation. In an environment where after-hours trading can be unpredictable, Sigma Additive Solutions, Inc.’s performance on this day warrants closer scrutiny.
Recent Developments
Approximately 27 days ago, on December 07, 2023, Sigma Additive Solutions, Inc. (NASDAQ: SASI), publicly disclosed its conclusive proxy statement.
This statement pertains to the previously revealed proposed acquisition of NextTrip Holdings, Inc., a Florida-based travel technology company situated in Sunrise. The filing took place with the U.S. Securities and Exchange Commission on December 1, 2023.
Following the announcement on October 13, 2023, Sigma was set to acquire the entire capital stock of NextTrip. The exchange involves Sigma common stock, constituting 19.99% of its outstanding common stock, along with additional contingent shares tied to NextTrip’s post-closing milestone earnouts.
Before that on November 14, 2023, Sigma Additive Solutions, Inc. (SASI) unveiled a quarterly loss of $1.57 per share marking a significant improvement from the $4.40 per share loss reported a year ago, considering adjustments for non-recurring items.
The quarterly report showed an earnings surprise of 12.78%, highlighting the company’s resilience. In the previous quarter, where an expected loss of $1.80 per share was projected, the actual loss was $2.40, resulting in a surprise of -33.33%.
