Welcome to our dedicated page for Nerds On Site news (Ticker: NOSUF), a resource for investors and traders seeking the latest updates and insights on Nerds On Site stock.
Nerds On Site Inc. reports news on its cybersecurity, managed IT, and mobile technology services for small and medium-sized enterprises, corporate clients, and residential technology users in Canada and the United States. The company was founded in 1995 and operates through a distributed contractor network, with recurring business-client revenue and service delivery across on-site and outsourced IT support.
Company updates commonly cover quarterly financial results, gross margin and cost-management trends, recurring revenue growth, cybersecurity service adoption, managed-services offerings, U.S. expansion activity, and partnerships that extend access to customer groups such as high-rise residents and small-office/home-office users.
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%.