NusaTrip Inc (NASDAQ: NUTR) is an online travel services company that operates a transaction and service platform for ticketing reservations and hotel bookings. Revenue comes from spread margin and commissions earned from both B2B and B2C customers and travel suppliers when tickets are issued, with revenue recognized on a net basis as the company acts as agent rather than principal. Operations span Vietnam, Malaysia, Indonesia, China, and Hong Kong, with the company completing its IPO on August 18, 2025. For the nine months ended September 30, 2025, the company incurred a net loss of $591,877, compared to a net loss of $487,956 for the same period in 2024, with the increase driven primarily by post-IPO professional fees totaling approximately $1.6 million in 2025 versus $24,244 in 2024. As of September 30, 2025, cash and cash equivalents stood at $5,104,182 and stockholders' equity was $10,626,539.

Revenue model

Spread margin and commissions from travel suppliers on ticketing reservations, recognized at ticket issuance. Revenue presented on a net basis given agent status. Secondary revenue from online advertising. Occasional advance ticket inventory purchases for peak periods, though company does not hold principal risk.

Products and services

Online ticketing reservation platform serving B2B and B2C customers. Hotel reservation services. Online advertising. Transaction and service platform connecting travel suppliers with end customers.

Customers and end markets

B2B and B2C travel customers across Southeast Asia and China. End markets include air travel and hotel accommodation. No specific customer concentration data disclosed in the filing excerpts.

Value-chain role

Intermediary agent between travel suppliers and end customers. Facilitates ticketing and hotel reservations without controlling inventory or setting end-customer prices. Does not bear significant inventory risk.

Geographic exposure

Primary operations in Vietnam, Malaysia, Indonesia, China, and Hong Kong, as of September 30, 2025. Functional currencies include Vietnam Dong, Malaysian Ringgit, Indonesian Rupiah, Chinese Yuan, and Hong Kong Dollar. Reporting currency is US Dollar.

Source: SEC 10-Q, filed 2025-11-14

Industry: Transportation Services