Nerds On Site Inc. (CSE: NERD | OTCQB: NOSUF), a London, Ontario-based managed IT and cybersecurity provider, announced record revenue of $13.44 million for its fiscal year ended May 31, 2026, representing 11% growth over the prior year. The company also reported a 95% reduction in operating loss and two consecutive profitable quarters to close the year — milestones that investors may view as evidence of a meaningful operational turnaround. Net cash used in operating activities fell from $674,983 in Fiscal 2025 to just $22,482 in Fiscal 2026, an improvement of approximately $652,500.

Key Points

  • Nerds On Site Inc. (CSE: NERD | OTCQB: NOSUF) provides managed IT, cybersecurity, and technology solutions to small and medium-sized businesses across Canada and the United States.
  • The company reported record Fiscal 2026 revenue of $13.44 million, up 11% from $12.09 million in Fiscal 2025, with operating loss narrowing to just $21,908.
  • Net loss attributable to common shareholders improved 52% to $221,387; year-end cash increased to $220,927 from $160,879 the prior year.
  • Investors may watch whether the consecutive profitable quarters in Q3 and Q4 Fiscal 2026 carry into sustained profitability in Fiscal 2027.

Fiscal 2026 Financial Results Reflect Broad-Based Operating Improvement

Nerds On Site's audited consolidated results for the year ended May 31, 2026 show revenue of $13,438,707 and gross profit of $3,421,042, compared with gross profit of $3.24 million the prior year. Selling, general and administrative expenses declined 10% to $3.32 million — falling from approximately 30% to 25% of revenue — driven primarily by lower payroll, office, administrative, business development, and management remuneration costs. The operating loss shrank from $403,930 in Fiscal 2025 to $21,908 in Fiscal 2026, while the net loss attributable to common shareholders improved 52% to $221,387.

Two Consecutive Profitable Quarters Cap the Fiscal Year

The second half of Fiscal 2026 was particularly notable. Q3 generated revenue of approximately $3.28 million and profit attributable to common shareholders of approximately $52,000, while Q4 produced revenue of approximately $3.36 million and profit of approximately $59,000. Combined, Q3 and Q4 delivered roughly $6.65 million in revenue and approximately $111,000 in profit. CEO Charlie Regan stated in the release that these results demonstrate "the operating leverage we have been working to create," adding that growing revenue by 11% while simultaneously cutting SG&A by 10% was a central objective for the period.

Canadian Recurring Revenue Growth and Three Strategic Priorities for Fiscal 2027

Canadian business recurring revenue grew approximately 12% to $10.28 million in Fiscal 2026, compared with roughly $9.18 million the prior year. Canadian residential recurring revenue also increased to approximately $1.00 million from approximately $858,000. Looking ahead, management identified three areas of focus: rebuilding the NOS Technical Services pipeline following disruption linked to U.S. federal government spending reductions; deploying AI-enhanced services internally and for small and medium-sized business clients using a Private LLM-only commitment reinforced by its Sovereign Data Custody™ process; and integrating its ClientCare and Nerds On Line offerings into a combined remote and on-site service model for SOHO and residential clients.