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Q3 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 Period
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TORONTO, Sept. 08, 2026 (GLOBE NEWSWIRE) — Nerds
On
Site
Inc.
(CSE:
NERD)
(“Nerds
On Site”
or
the
“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.
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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.
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Based 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 shareholders
in
both
Q3
and
Q4, compared with a loss in Q3 and a profit in Q4 fiscal 2025..
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Together, Q3 and Q4 fiscal 2026 generated approximately $111,000 in profit attributable to common
shareholders, representing an improvement of approximately $214,000 compared with the approximately $102,000 combined loss recorded during the same two quarters of fiscal 2025.
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Q4
FISCAL
2026
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For the three months ended May 31, 2026, Nerds On Site generated:
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- 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%.
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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.
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Q3
FISCAL
2026
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The fourth-quarter performance followed a significant improvement in Q3 fiscal 2026. For the three months ended February 28, 2026, the Company generated:
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- 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.