REVENUES INCREASE BY 7.7% AND GROSS PROFIT INCREASES BY 22.5%
"In response to unpredictable COVID conditions, NERDS management have focused on driving new business and streamlining internal processes and operations," said NERDS CEO, Mr.
Q2 Highlights, Comparative to Previous 2nd Quarter
- Revenues increased by 7.7%
- Gross profit increased by 22.5%
- Selling, general and administration expenses reduced by 39%
- 82% reduction in net loss
COVID circumstances continue to impact both work and personal lives in all NERDS markets. As a result the Company has seen increased demand from existing and new SME Clients to implement secure NERDS WorkZone setups in their team members homes, condos and apartments. In addition, NERDS SchoolZone setups have been assisting families create secure, and distraction free in-home classroom settings for their children's online school sessions.
"NERDS has quickly evolved its capabilities to respond to a new set of opportunities to serve home based work and school requirements that did not exist a year ago," said Mr.
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