(via NewsDirect)
2021 Financial Highlights:
- Total Revenue of
$10,121,480 as compared to$10,143,336 for the year endedMay 31, 2020 - Gross Profit of
$2,627,954 as compared to$2,639,410 for the year endedMay 31, 2020 , maintaining a gross margin of 26% - Cash used in operating activities was (
$289,860 ) for the year endedMay 31, 2021 , compared to ($1,605,328 ) for the year endedMay 31, 2020 , reflecting an improvement in cash used in operations of$1,315,468 . - Net loss for the year ended
May 31, 2021 , was ($1,387,768 ) as compared to ($2,034,711 ) for the year endedMay 31, 2020 , a decrease of$646,943 or 32%. This is in line with the Company’s cost-reduction strategy
Full details of the Company’s 2021 financial results can be found in the Audited Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) for the year ended
2021
On
Investor Webinar
NERD will host an investor webinar on
About
Forward-Looking Statements
Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Details
+1 877-778-2335
IR@nerdsonsite.com
CHF CAPITAL MARKETS
Thomas Do
+1 416-868-1079
thomas@chfir.com
Company Website
https://investors.nerdsonsite.com
Copyright (c) 2021 TheNewswire - All rights reserved.
Copyright (c) 2021 TheNewswire - All rights reserved., source