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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 2 sources · 20 days · First seen · Last updated
Nerds On Site fiscal 2026 profitability
Overview
Nerds On Site Inc. reported preliminary unaudited financial results for the third and fourth quarters of fiscal year 2026, indicating a transition to consecutive profitable quarters. The company recorded a combined profit of approximately $111,000 for the second half of the year, which marks a significant improvement from the combined loss of approximately $102,000 reported during the same period in fiscal 2025.
In the third quarter, revenue increased to $3.28 million from $3.00 million in the prior-year quarter, resulting in a net profit of approximately $52,000. While fourth-quarter revenue decreased by approximately 6% to $3.36 million, the company maintained a profit of approximately $59,000.
Management attributed this improved profitability to enhanced operating efficiency and expense management. Specifically, selling, general, and administrative (SG&A) expenses were reduced by approximately 17% year-over-year in the fourth quarter, contributing to a total SG&A reduction of about $307,000 across the combined third and fourth quarters.
Entities
Wall Street Zen · Nerdy Inc. · Northland Securities · Nerds On Site Inc. · Weiss Ratings
Timeline
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4 days ago
[BUSINESS] 2 sourcesNerds On Site reports consecutive profitable quarters for fiscal 2026Nerds On Site Inc. reported preliminary fiscal 2026 results showing two consecutive profitable quarters, driven by improved expense management and a significant reduction in SG&A costs.
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23 days ago
[BUSINESS] 2 sourcesNerdy Inc. stock hits 52-week low amid analyst downgradesNerdy Inc. stock hit a 52-week low amid analyst downgrades and lowered Q3 2026 earnings estimates from Northland Securities.
Sources
myotwartakultura.pl · stocktitan.net