Northwire Canada EditionTuesday, July 14, 2026
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WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
Earnings Routine +

Nerds On Site earns $51,877 in Q3 fiscal 2026

Nerds On Site Returns to Profitability But Liquidity Concerns Loom Over Small-Cap IT Provider

By The Northwire Desk — AI Analysis Apr 28, 2026 · 19:46 NERD · 0.03 Nerds On Site Inc
Executive Summary
  • Nerds On Site Inc. reported a net income of $51,877 for Q3 fiscal 2026 (ended Feb 28, 2026), marking a return to quarterly profitability compared to a loss in the prior-year period.
  • Revenue increased 9% year-over-year in Q3 to $3,284,428 and 18% year-over-year for the nine-month period to $10,077,870.
  • Gross margin improved to 26% from 23% in the prior year quarter; SG&A expenses declined 16% in Q3 and 7% over nine months.
  • Operating cash usage significantly improved to $104,135 for the nine-month period compared to $693,709 previously.
  • Cash and cash equivalents stood at $225,535 as of February 28, 2026.
  • Total liabilities were reported at $3,286,241 against total assets of $1,111,055.
Material Impact
  • The return to profitability is a positive operational milestone but does not resolve the fundamental solvency risk indicated by the balance sheet.
  • Liabilities ($3.28M) exceed Total Assets ($1.11M), resulting in negative net equity of approximately $2.17M, which poses significant long-term viability risks despite quarterly earnings.
  • Cash on hand ($225k) is insufficient to cover the reported liabilities or sustain operations for an extended period without external financing.
  • The stock price remained at $0.03 following the release, indicating the market views this as incremental progress rather than a fundamental valuation re-rating due to liquidity concerns.
  • Revenue growth (18% YTD) validates demand but does not offset the high liability burden or the need for capital raising which would likely dilute shareholders.
NERD · Price
Company Overview
  • Company: Nerds On Site Inc. provides managed IT services and support primarily in Canada.
  • Flagship Project/Service: Managed IT solutions serving over 10,000 customers annually with a client base of 130,000+ since inception.
  • Business Model: Recurring revenue model; recurring revenue in Canada increased by 17% during the nine-month period ended Feb 28, 2026.
  • Operational Status: Currently profitable on an operational basis (Q3) but carries a heavy debt load relative to asset base.
Read the original news release →

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