Records Approximately $2.24 M Revenue in Q2 2022 TORONTO, ON / ACCESSWIRE / February 1, 2022 / Nerds On Site Inc. (CSE:NERD) (OTCQB:NOSUF) ("NERD" or the "Company"),a mobile IT solutions company servicing Small and Medium-Sized Enterprise (SME) marketplaces in Canada and the USA, is pleased to announce its financial results and operating highlights for the three-month and six-month periods ended November 30, 2021, highlighted by $2.24 M revenue for the quarter. All amounts expressed are in Canadian dollars.
Q2 2022 Financial Highlights:
- Total revenue of $2,247,810
- Gross profit of $560,207
- Net loss and comprehensive loss of $327,708
Charlie Regan, Co-Founder and CEO of NERD, comments: "We are pleased with our financial stability in the second quarter while we were planning a lot of strategic activities. We look forward to a number of revenue generating opportunities in 2022, including the Staples' partnership "reboot", US expansion through Merger and Acquisition, and increasing adoption of our cybersecurity services."
The Company's complete financial results are available in its Consolidated Financial Statements and Management's Discussion and Analysis for the quarter ended November 30, 2021, each filed with 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 cost-effective, leading-edge solutions to Small and Medium-Sized Enterprises (SME), serving as the complete SME IT solution specialist. NERD currently has annual revenues of approximately $10,000,000 and growing. The Company services more than 12,000 clients per year with a superb 96.5% customer satisfaction rating (more than 90,000 five-star ratings). NERD's business model is based on sub-contracts in Canada and a franchise model for US expansion.
www.nerdsonsite.com
https://www.accesswire.com/686722/Nerds-On-Site-Records-Approximately-224-M-Revenue-in-Q2-2022