Nerds On Site reports revenue of approximately $2.24 million in the second quarter of 2022


Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here.


TORONTO, ON / ACCESSWIRE / February 1, 2022 / Nerds On Site Inc. (CSE: NERD) (OTCQB: NOSUF) (“NERD” or the “Company”), a mobile computing solutions company serving the small and medium-sized enterprise (SMB) markets in Canada and the United States, is pleased to report its financial results and operational highlights for the three- and six-month periods ended November 30 2021, highlighted by Revenue of $2.24M for the quarter. All amounts expressed are in Canadian dollars.

Q2 2022 Financial Highlights:

  • Total income of $2,247,810
  • Gross profit of $560,207
  • Net loss and comprehensive loss of $327,708

Charlie Regan, co-founder and CEO of NERDcommented, “We are pleased with our financial stability in the second quarter as we plan many strategic activities. We look forward to a number of revenue-generating opportunities in 2022, including the ‘restart’ of the partnership with Staples, the expansion in the United States via Merger and Acquisition, and growing adoption of our cybersecurity services.”

The Company’s complete financial results are available in its consolidated financial statements and MD&A for the quarter ended November 30, 2021, each filed with the Canadian securities regulators at www.sedar.com.

About Nerds On Site Inc.

Nerds On Site Inc., a company founded in 1995 in London, Ontario, specializes in providing cutting-edge, cost-effective solutions to small and medium-sized enterprises (SMBs), as a full-service specialist in SME IT solutions. NERD currently has annual revenues of approximately $10,000,000 and growing. The company serves over 12,000 customers annually with a stunning 96.5% customer satisfaction rating (over 90,000 five-star ratings). NERD’s business model is based on outsourcing contracts in Canada and a franchise model for expansion in the United States. Visit the website to learn more: www.nerdsonsite.com

For more information, please contact:

Charles Regan, CEO
Nerds on site inc.
Tel: 1-877-778-2335
Email: [email protected]

Thomas Do, Head of Investor Relations
CHF Capital Markets
Tel: 416-868-1079 ext. 232
Email: [email protected]

Forward-looking statements

Certain information contained herein may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements regarding future financial condition, business strategy, product use, corporate vision, proposed acquisitions, partnerships, joint ventures and strategic alliances and cooperations, budgets, costs and plans and objectives of or involving the Company. This forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “forecasts”. “, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of these words and phrases or may be identified by statements that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be performed. A number of known and unknown risks, uncertainties and other factors could cause actual results or performance to differ materially from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including, but not limited to, the impact of general economic conditions, industry conditions and dependence on regulatory approvals. Readers are cautioned that the assumptions used in the preparation of this information, while believed to be reasonable at the time of preparation, may prove to be imprecise and, accordingly, undue reliance should not be placed on any forward-looking statements. The Company undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

THE SOURCE: Nerds on site inc.

See the source version on accesswire.com:
https://www.accesswire.com/686722/Nerds-On-Site-Records-Approximately-224-M-Revenue-in-Q2-2022

Sallie R. Loera