File: Attachment EINPresswire-908795271-NERD reports-q3-fy2026.pdf

NERDS ON SITE INC. REPORTS Q3 FY2026 RESULTS: RETURN TO PROFITABILITY AND CONTINUED REVENUE MOMENTUM

NERD RETURNS TO PROFITABILITY AND CONTINUED REVENUE MOMENTUM

TORONTO, ON, CANADA, April 28, 2026 /EINPresswire.com/ -- 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.

Our return to profitability is Q3 FY2026 Financial Highlights a defining moment for For the three months ended February 28, 2026: NERD. We believe we're still dot Revenue increased to $3,284,428, up 9% from $3,004,549 in the early innings of a very in the prior year period large market opportunity to dot Gross profit rose to $861,370, with gross margin deliver long-term value to improving to 26% (from 23%) our Clients and dot SG&A expenses declined 16%, improving to 23% of shareholders."" revenue (from 30%) dot Net income reached $51,877, compared to a net loss of Charlie Regan $198,156 last year dot Earnings per share improved to $0.0006, compared to a loss of $0.0022 For the nine months ended February 28, 2026: dot Revenue increased to $10,077,870, up 18% year-over-year dot Gross profit rose to $2,526,147, with stable margins of 25% dot SG&A expenses decreased 7%, improving to 25% of revenue (from 32%) dot Net loss reduced significantly to $280,840, compared to $559,211 in the prior year dot Operating cash usage improved dramatically to $104,135, versus $693,709 in the prior period

These results highlight meaningful operational progress and improved financial discipline across the organization.

Return to Profitability Marks Key Inflection Point The Company's return to quarterly net profitability represents a critical milestone in its evolution. This improvement was driven by: dot Growth in recurring revenue from business clients in Canada dot Enhanced cost management and operational efficiency dot A more favorable product mix and improved sourcing strategies dot Continued leverage from the Company's scalable service model Management views this quarter as an important step toward sustained profitability.

Recurring Revenue Model Driving Stability and Growth Nerds On Site continues to benefit from its high-visibility recurring revenue model, which is foundational to its business strategy. During the nine-month period: dot Business recurring revenue in Canada increased by 17% dot The Company served over 10,000 customers annually, with 130,000+ clients served since inception dot Recurring service agreements continue to provide predictable cash flow and long-term client relationships This model positions the Company to generate consistent revenue while scaling efficiently across markets.

Operational Efficiency and Margin Expansion The Company achieved significant improvements in cost structure, with SG&A reductions driven by: dot Lower payroll and operational costs within NOS Technical Services dot Timing efficiencies in business development spending dot Continued optimization of internal systems and processes Gross margin expansion to 26% in the quarter reflects: dot Improved pricing from suppliers dot Strategic sourcing initiatives dot Increased contribution from higher-margin service revenues These improvements demonstrate the Company's ability to scale profitably while maintaining service quality.

CEO Charlie Regan commented: "Our return to profitability this quarter is a defining moment for Nerds On Site. We've spent decades humanizing technology, and today we're scaling that vision across Canada and deeper into USA. This quarter's profitability is not the destination-- Nerds On Site is transitioning from a growth story into a performance story. Our platform, our people, and our model are designed for a world where trust, speed, and security are everything. We believe we are still in the early innings of a very large market opportunity to deliver long-term value to our Clients and shareholders."

Market Position and Industry Tailwinds Management believes the Company is well positioned within a rapidly evolving IT landscape: dot Increasing cybersecurity threats are driving demand for managed services dot The shift to hybrid and remote work environments continues to accelerate IT complexity dot SMEs are increasingly outsourcing IT to trusted managed service providers Nerds On Site's combination of: dot A distributed "eNerd" contractor network dot A proprietary ERP platform (IAMANERD) dot A strong recurring revenue base provides a scalable and differentiated operating model.

Balance Sheet and Liquidity As of February 28, 2026: dot Cash and cash equivalents: $225,535 dot Total assets: $1,111,055 dot Total liabilities: $3,286,241 The Company improved its operating cash flow significantly, reducing cash used in operations by nearly $590,000 year-over-year. While a working capital deficiency remains, management is focused on: dot Continued revenue growth dot Cost discipline dot Access to capital as needed to support long-term stability and expansion.

Outlook Looking ahead, Nerds On Site is focused on: dot Driving sustained profitability through operational leverage dot Expanding recurring revenue streams dot Growing its presence in the United States market dot Strengthening its position in cybersecurity and managed services Management believes that the Company's improving financial performance, combined with strong industry demand, positions it well for continued growth and value creation. About Nerds On Site Inc. Nerds On Site Inc. is a managed IT and cybersecurity service provider delivering technology solutions to small and medium-sized enterprises across Canada and the United States. The Company operates a network of highly skilled IT professionals ("eNerds") supported by its proprietary ERP platform, enabling scalable, efficient, and customer-focused service delivery.

Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements.

charles regan NERDS ON SITE INC +1 519-639-4382 email us here

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