Nerds On Site Inc (CSE:NERD) (OTCQB:NOSUF) is reporting record revenue of C$2.8 million for its third quarter.
The mobile IT solutions company that services small and medium-sized enterprises in Canada and the US noted it had banked revenue of C$2.7 million in the year-ago quarter.
READ: Nerds On Site partners with Staples Canada to launch Nerds On Site for Business to support small businesses with IT and cybersecurity services
Other financial highlights for the quarter ended February 28 include:
- Reduced net loss to C$76,839, compared to C$206,947 during the same period in 2020.
- Reduced operating expenses to C$822,749 from C$1,054,051 in the year-ago period.
"We have been building NERD from the ground-up with our franchise model delivering consistent and stable revenues in each quarter,” said CEO Charlie Regan in a statement.
“Our strategy of providing IT solutions to small business owners and residential clients has proven so successful that we recently signed a country-wide partnership with Staples Canada. We believe that 2021 is a breakthrough year for the company as we are well on the path towards profitability in the second half of the year."
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