Consecutive Profitable Quarters in Second Half of Fiscal 2026

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Consecutive Profitable Quarters in Second Half of Fiscal 2026Author of the article:Q3&Q4 Turnaround GNWQ3 and Q4 FY2026 Deliver Combined Profit of Approximately $111,000 Attributable to Common Shareholders, Compared with Combined Loss of Approximately $102,000 in Prior-Year PeriodTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTORONTO, Sept. 08, 2026 (GLOBE NEWSWIRE) — NerdsOnSiteInc.(CSE:NERD)(“NerdsOn Site”orthe“Company”), a publicly traded consolidator of managed IT, cybersecurity, AI, and technical workforce services for SMEs across Canada and USA, today announced preliminary unaudited financial results for the third and fourth quarters of its fiscal year ended May 31, 2026.The Company information for fiscal 2026 presented in this news is preliminary and unaudited. The Company’s consolidated financial statements for the year ended May 31, 2026 are currently being audited and have not been released. Accordingly, the fiscal financial results presented herein remain subject to completion of the audit and may be subject to adjustment.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againBased on these unaudited results, the Company’s fiscal 2026 second-half performance demonstrates a significant improvement in operating performance, with Nerds On Site recording profit attributable to common shareholdersinbothQ3andQ4, compared with a loss in Q3 and a profit in Q4 fiscal 2025..Together, Q3 and Q4 fiscal 2026 generated approximately $111,000 in profit attributable to commonshareholders, representing an improvement of approximately $214,000 compared with the approximately $102,000 combined loss recorded during the same two quarters of fiscal 2025.For the three months ended May 31, 2026, Nerds On Site generated:Revenue of $3.36 million, compared with $3.57 million in Q4 fiscal 2025.Gross profit of approximately $895,000, compared with approximately $1.08 million in Q4 fiscal 2025.Selling, general and administrative expenses of approximately $790,000, compared with approximately $951,000 in the prior-year quarter, a reduction of approximately 17%.Importantly, the Company achieved profitability despite Q4 revenue being approximately 6% below the comparable fiscal 2025 quarter, demonstrating the impact of improved expense management and operating efficiency.The fourth-quarter performance followed a significant improvement in Q3 fiscal 2026. For the three months ended February 28, 2026, the Company generated:Revenue of $3.28 million, compared with $3.00 million in Q3 fiscal 2025, an increase of approximately 9%.Gross profit of approximately $861,000, compared with approximately $695,000, an increase of approximately 24%.Gross margin of approximately 26%, compared with approximately 23% in Q3 fiscal 2025.Selling, general and administrative expenses of approximately $758,000, compared with approximately $905,000, a reduction of approximately 16%.Operating profit of approximately $96,000, compared with an operating loss of approximately $221,000 in Q3 fiscal 2025.Net profit attributable to common shareholders of approximately $52,000, compared with a loss attributable to common shareholders of approximately $198,000 in Q3 fiscal 2025.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The Q3 result represented an approximately $250,000year-over-yearimprovementinnet income attributable to common shareholders.TWOCONSECUTIVEPROFITABLE QUARTERSManagement believes the most significant measure of the Company’s fiscal 2026 second-half performance is that the Company recorded profit attributable to common shareholders in both Q3 and Q4 fiscal 2026. In the corresponding fiscal 2025 periods, the Company recorded a loss in Q3 and a profit in Q4. Q3FY2026Q3FY2025Q4FY2026Q4FY2025Revenue$3.28M$3.00M$3.36M$3.57MGross Profit$861K$695K$895K$1.08MOperating Profit (Loss)$96K$(221K)$98K$136KProfit (Loss) Attributable to Common Shareholders$52K$(198K)$59K$96KAcross the two quarters, the Company generated approximately $6.65 million in revenue while producing approximately $111,000incombinedprofitattributabletocommonshareholders.For the corresponding Q3 and Q4 periods of fiscal 2025, Nerds On Site generated approximately $6.57 million in revenue but recorded a combined loss attributable to common shareholders of approximately $102,000.This represents an approximately $214,000improvementinbottom-lineperformanceona comparable six-month basis.“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,” said Charlie Regan, CEO of Nerds On Site Inc. “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.”“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.”OPERATINGLEVERAGEBECOMINGVISIBLEThe Q3 and Q4 fiscal 2026 results reflect management’s continuing 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, compared with approximately $1.86million during the comparable fiscal 2025 period — a reduction of approximately $307,000, or 17%.At the same time, combined Q3 and Q4 revenue increased modestly to approximately $6.65 million from $6.57 million.Management believes the combination of maintaining revenue levels while materially reducing the operating cost structure was a major contributor to the improvement in bottom-line performance during the second half of fiscal 2026.The Company remains focused on expanding recurring managed IT and cybersecurity revenue, increasing operating efficiency, growing its U.S. presence and NOS Technical Services business, and leveraging its technology infrastructure to support future growth.Nerds On Site Inc. (CSE: NERD) is a publicly traded consolidator of managed IT, cybersecurity, AI, and technical workforce services for SMEs across Canada and USA.The Company has served more than 160,000 Clients and continues to focus on expanding its recurring service relationships in Canada and the United States.Formoreinformation,visit NerdsOnSite.com.InvestorRelationsCharlie Regan 1.519.639.4382charlie@nerdsonsite.comNotice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.