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Nerds On Site Inc. (CSE: NERD) (OTC: NOSUF) reported an 8.6% revenue increase to $2,666,279 for Q1 2024 (ended August 31, 2024) compared to $2,456,166 in Q1 2023. The company's gross profit reached $669,305 with a 25% margin, slightly down from 26.5% last year. The company announced several new initiatives including: a new investor site launch on November 4, 2024, a national marketing campaign for their Project Program, the introduction of Nerds On Line for remote support services in mid-November, and the launch of NOS Technical Services Inc. division.
Nerds On Site (CSE: NERD) announces the completion of a due diligence audit for a potential acquisition of a private US technology services company. This move aims to enhance its cybersecurity and managed security services. The company also introduced NOS National Partners, a new centralized team for managing projects across Canada and the US, targeting sectors like healthcare and manufacturing. CEO Charlie Regan emphasizes the synergy between the companies involved in the acquisition process. However, there's no guarantee of completing the transaction.
Nerds On Site Inc. (OTCQB:NOSUF) has formed a new partnership with Zonetail Inc. (OTCQB:ZTLLF) to enhance IT and security solutions for high-rise residents in Canada and the United States. This collaboration allows Nerds to expand its presence in gated communities, providing technology services and cyber security solutions. Zonetail will earn a 7.5% transaction fee for services booked through its platform. With annual revenues around $10 million and a customer satisfaction rating of 98.5%, Nerds aims to strengthen its market positioning through this alliance.
Nerds On Site (CSE:NERD)(OTCQB:NOSUF) reports significant advancements in its business operations. The company has launched the SME-Edge solution, a comprehensive cyber-security offering, which is gaining traction among SMEs, protecting millions of devices. In addition, NERD aims to expand into the US market by pursuing M&A opportunities to enhance its customer base and revenue. Insiders hold approximately 55% of total shares, indicating strong management confidence.
CEO Charlie Regan notes the potential financial impact of cyber breaches, underscoring NERD's strategic direction for 2022.
Nerds On Site Inc. (CSE:NERD, OTCQB:NOSUF) reported Q2 2022 financial results with total revenue of $2.24 million and a gross profit of $560,207. Despite the revenue achievement, the company posted a net loss of $327,708. CEO Charlie Regan expressed optimism about future revenue-generating opportunities, highlighting a strategic partnership with Staples and plans for US expansion through mergers and acquisitions. The company serves over 12,000 clients annually and is focused on increasing its cybersecurity services.
Nerds On Site (CSE:NERD, OTCQB:NOSUF) announces the launch of its Cyber-Security Snapshot initiative, aimed at enhancing protection for over 12,000 existing clients through complimentary security assessments. CEO Charlie Regan emphasized the initiative's proactive approach to combat the rising cyber-crime threat, particularly for SMEs. The company boasts a solid reputation with approximately $10 million in annual revenue and a 98.5% customer satisfaction rating. This program aims to fortify client trust and satisfaction, further establishing Nerds as a leader in cyber-security solutions.
Nerds On Site Inc. (CSE: NERD, OTCQB: NOSUF) announced the issuance of 2,798,059 subordinate voting shares as compensation to employees and directors at a deemed price of $0.15, subject to a four-month hold period. With annual revenues of approximately $10 million, the company serves over 12,000 clients per year, boasting a 96.5% customer satisfaction rating. Established in 1995, Nerds On Site specializes in mobile IT solutions for Small and Medium-Sized Enterprises in Canada and the USA.
Nerds On Site Inc. (CSE: NERD) (OTCQB: NOSUF) announced the issuance of 4,000,000 stock options to management under its incentive stock option plan. Each option allows purchasing one common share at $0.15 for five years. The Company, which provides IT solutions to SMEs in Canada and the USA, boasts annual revenues of approximately $10 million and a 96.5% customer satisfaction rating, serving over 12,000 clients. The Company's franchise model supports its US expansion strategy.
Nerds On Site Inc. (CSE: NERD, OTCQB: NOSUF) announced financial results for the quarter ended February 28, 2021, reporting a record $2.8 million in revenue, up from $2.7 million in Q3 2020. The company reduced its net loss to $(76,839) from $(206,947) year-over-year and cut operating expenses to $(822,749) from $(1,054,051). CEO Charlie Regan highlighted a new partnership with Staples Canada and anticipated profitability in the latter half of 2021. The company serves over 12,000 clients annually with a customer satisfaction rating of 96.5%.
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