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

Nerds On Site Inc.

By The Northwire Desk — AI Analysis Apr 29, 2026 · 15:04 NERD · 0.03 Nerds On Site Inc.
Executive Summary
  • Nerds On Site Inc. reported Q3 FY2026 results for the period ended February 28, 2026.
  • The company returned to quarterly profitability with a net income of $51,877 compared to a net loss of $198,156 in the prior year period.
  • Revenue increased 9% quarter-over-year to $3,284,428 and 18% for the nine-month period to $10,077,870.
  • Gross margin expanded from 23% to 26% in Q3, driven by improved supplier pricing and strategic sourcing.
  • SG&A expenses declined 16% during the quarter, reducing from 30% of revenue to 23%.
  • Operating cash usage significantly improved to $104,135 for the nine-month period compared to $693,709 previously.
  • CEO Charlie Regan stated the company is transitioning from a growth story into a performance story.
Material Impact
  • The return to profitability is a fundamental milestone but appears priced in given the stock price remained stagnant at $0.03 post-release.
  • While revenue growth and margin expansion are positive, the balance sheet presents significant solvency concerns that limit material upside potential.
  • Total Liabilities ($3,286,241) exceed Total Assets ($1,111,055), indicating a technically insolvent position despite current cash flow improvements.
  • The market reaction was muted (price closed at $0.03 on April 29, same as prior days), suggesting investors view the profit as incremental rather than transformative given the debt burden.
  • Cash and cash equivalents stand at $225,535; while improved operating cash usage helps, it does not resolve the long-term liability overhang immediately.
NERD · Price
Company Overview
  • Business Model: IT support services focusing on humanizing technology for clients, primarily in Canada with expansion into the USA.
  • Flagship Project: Scaling operations across North America to increase recurring revenue base.
  • Customer Base: Over 10,000 customers annually; more than 130,000 clients served since inception.
  • Recurring Revenue: Business recurring revenue in Canada increased by 17% during the nine-month period.
Read the original news release →

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