NERD RETURNS TO PROFITABILITY AND CONTINUED REVENUE MOMENTUM
Nerds On Site Inc. (CSE:NERD) (OTC:NOSUF)
TORONTO, April 29, 2026 /CNW/ – Nerds On Site Inc. (“NOS” or the “Company”) (CSE:NERD), a leading managed IT and cybersecurity services provider serving small and medium-sized enterprises across Canada and the United States, today announced its financial results for the three and nine months ended February 28, 2026.
The Company delivered continued revenue growth, improved margins, and a return to quarterly profitability, reflecting disciplined execution, a strengthening recurring revenue base, and ongoing demand for cybersecurity and managed IT services.
Q3 FY2026 Financial Highlights
For the three months ended February 28, 2026:
- Revenue increased to $3,284,428, up 9% from $3,004,549 in the prior year period
- Gross profit rose to $861,370, with gross margin improving to 26% (from 23%)
- SG&A expenses declined 16%, improving to 23% of revenue (from 30%)
- Net income reached $51,877, compared to a net loss of $198,156 last year
- Earnings per share improved to $0.0006, compared to a loss of $0.0022
For the nine months ended February 28, 2026:
- Revenue increased to $10,077,870, up 18% year-over-year
- Gross profit rose to $2,526,147, with stable margins of 25%
- SG&A expenses decreased 7%, improving to 25% of revenue (from 32%)
- Net loss reduced significantly to $280,840, compared to $559,211 in the prior year
- Operating cash usage improved dramatically to $104,135, versus $693,709 in the prior …