Nerds On Site Reports Consecutive Profitable Quarters

TORONTO, Sept. 08, 2026 /CourierPR/ -- Nerds On Site Inc., a publicly traded consolidator of managed IT, cybersecurity, AI, and technical workforce services for small and medium-sized enterprises (SMEs) across Canada and the USA, has announced a significant improvement in its financial performance for the second half of fiscal year 2026. The company reported a profit for both the third and fourth quarters, marking the first time in the corresponding period of the previous fiscal year.

In the third quarter of fiscal 2026, Nerds On Site achieved a net profit attributable to common shareholders of approximately $52,000, compared to a loss of $198,000 in the same quarter of the previous year. Revenue increased by 9% to $3.28 million, while gross profit expanded by 24% to $861,000. Selling, general, and administrative (SG&A) expenses were reduced by 16% to $758,000. These improved financial results were followed by a fourth quarter that saw the company generate a profit of $59,000, compared to a loss of $221,000 in the same quarter of the prior year.

Revenue in the fourth quarter was $3.36 million, a 6% decrease from the $3.57 million reported in the fourth quarter of fiscal 2025. Despite the drop in revenue, the company managed to keep its SG&A expenses down to $790,000, a 17% reduction from the previous year. Gross profit was $895,000, a 17.5% decrease from the $1.08 million reported in the same quarter of fiscal 2025.

Charlie Regan, CEO of Nerds On Site Inc., commented, "Based on our preliminary unaudited results, the most important message from our Q3 and Q4 results is that Nerds On Site has now delivered two consecutive profitable quarters. A year ago, these same two quarters produced a combined loss attributable to common shareholders of approximately $102,000. This year they produced approximately $111,000 in combined profit, an improvement of more than $200,000."

Regan added, "Q3 demonstrated what our business can deliver when revenue growth, gross profit expansion, and expense discipline come together. Revenue increased approximately 9%, gross profit increased approximately 24%, SG&A declined approximately 16%, and the quarter moved from a substantial loss to profitability. Q4 presented a different test. Revenue was lower than the exceptionally strong Q4 of the prior year, yet we remained profitable. SG&A was approximately $161,000 lower than the comparable quarter, and we delivered our second consecutive quarter of positive earnings attributable to common shareholders. We believe that is an important indication of the progress being made in the underlying economics of our business."

The company's strong performance reflects its ongoing focus on revenue quality, gross profit generation, expense discipline, and operating leverage. Combined SG&A expenses for Q3 and Q4 fiscal 2026 were approximately $1.55 million, a reduction of approximately $307,000, or 17%, compared to the $1.86 million reported in the comparable fiscal 2025 period. Despite the modest revenue increase, the company managed to maintain its profit margins and deliver consistent financial results.

Nerds On Site Inc. continues to focus on expanding its recurring managed IT and cybersecurity services, increasing operating efficiency, growing its U.S. presence, and leveraging its technology infrastructure to support future growth. With its recent achievements, the company is well-positioned to continue its journey of financial improvement and solidify its market position in the consolidation of managed IT, cybersecurity, AI, and technical workforce services for SMEs across Canada and the USA.