Nerds On Site Inc. (C:NERD)
Business Focus: Technology Consulting & Outsourcing Services
| Sector: Technology | Industry: IT Services & Consulting |
| Company Contact | |
| Address: | 4026 Meadowbrook Drive, Unit 120-121 London ON N6L 1C7 |
| Tel: | N/A |
| Website: | https://www.nerdsonsite.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Nerds on Site Inc. is a Canada-based company, which is engaged in providing information technology (IT) services, hardware, software and related support agreements. The Company operates through the managed IT consulting services segment. The Company provides managed IT support for various businesses, including PC set up, network installation and support and tailored software services. It uses a specially trained network of technically proficient IT consultants to help clients on site by providing effective, consistent, and customized IT solutions. It is a managed IT and cybersecurity service provider, and it operates a network of sub-contractors (Nerds) servicing on average 10,000 customers per year in Canada. Its centralized enterprise resource planning (ERP) system, IAMANERD.COM (IAMANERD), is an online operating system used to manage day to day operations of its Nerds. It provides business IT solutions, on-site IT support, managed IT services, IT consulting and cloud services. |
| Financial Overview |
| For the six months ended 30 November 2023, Nerds On Site Inc revenues increased 6% to C$5.3M. Net loss decreased 48% to C$233K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Selling, general and administrative - decrease of 9% to C$1.6M (expense), Interest Expense on Bank debt decrease of 51% to C$1K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.39M as of Nov 30, 2023 |
| Annual revenue (TTM): | $10.83M as of Nov 30, 2023 |
| EBITDA (TTM): | -$0.52M as of Nov 30, 2023 |
| Net annual income (TTM): | -$0.53M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$0.45M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | $0.18M as of Nov 30, 2023 |
| Shares outstanding: | 89,411,115 as of Nov 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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