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Gatekeeper Systems Inc. (symbol: GKPRF) is a prominent video and data solutions provider for public transportation and smart cities based in Abbotsford, British Columbia. The company, also known as Gatekeeper, operates under the TSXV: GSI and OTC Pink: GKPRF tickers. Gatekeeper specializes in delivering intelligent video and data solutions to enhance the safety of children, passengers, and public safety personnel across various transportation modes. Leveraging cutting-edge technologies such as AI, video analytics, and Mobile Data Collectors, Gatekeeper interconnects public transportation assets within Smart City ecosystems.
Gatekeeper's business model revolves around its Platform-as-a-Service (PaaS), with a focus on wirelessly enabled Mobile Data Collectors serving as the cornerstone of the company's evolution into a data-centric entity. Notable achievements include completing multi-million dollar contracts to provide video and wireless data technology for transit buses and trains. Gatekeeper is positioned for growth through its comprehensive suite of product offerings, including hosted software solutions and wireless data connectivity.
Gatekeeper Systems reported record financial results for FY2024, with revenue reaching $37.8M, a 36% increase year-over-year. The company achieved an operating profit of $4.2M, up 56% from the previous year. Gross profit increased 37% to $17.2M, maintaining a 46% margin.
The company's school bus segment generated $22.6M in revenue (60% of total), while the transit segment contributed $12.5M (33%). Service & recurring revenue reached $2.7M (7%). The company has installed approximately 57,000 Mobile Data Collectors across its network, managing roughly 200,000 video devices daily. As of August 31, 2024, Gatekeeper maintained a strong financial position with $6.7M in cash, $16.7M in working capital, and no debt.
Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF), a video and data solutions provider for public transportation and smart cities, has announced preliminary financial results for Q4 and fiscal year 2024. The company reports:
- Q4 2024 revenue of approximately $11.5 million, up 57% from $7.3 million in Q4 2023
- Fiscal year 2024 revenue of approximately $37.6 million, a 35% increase from $27.8 million in fiscal year 2023
Both quarterly and annual revenues represent the highest in the company's history. The audited financial results are expected to be released in December 2024.
Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) reported its financial results for Q3 and the nine months ended May 31, 2024. Highlights include:
- Q3 revenue increased 9% to $6.46M
- Nine-month revenue up 27% to $26.14M
- Nine-month net income of $3.11M
- Cash and equivalents of $9.25M with no debt
The company saw growth in both school and transit segments, with $3M in orders for Mobile Data Collectors and video systems for 1,400 school buses. Gatekeeper is also positioning itself for the new Federal Railroad Administration rule requiring video and recording devices on all U.S. intercity passenger trains by 2027.
Gatekeeper Systems Inc. announced $3M in orders for Mobile Data Collectors and video solutions for 1,400 school buses. The company received contracts worth approximately US$2.2 million, expanding their installed base of MDCs and video solutions. Gatekeeper's PaaS business model focuses on optimizing video data management offerings for the customer's fleet.
Gatekeeper Systems Inc. (GKPRF) reports record revenue of $9.9M and net income of $1.6M for Fiscal Q2 2024. The company experienced a 35% revenue increase compared to the same period last year. Gross margin also improved by 12% and 62% for the three and six months ended February 29, 2024, respectively. Gatekeeper's total comprehensive income grew to $3.6M for the six-month period. The Company remains debt-free with a strong working capital of $16.7M. Gatekeeper is focusing on expanding its data business and AI-based video analytics solutions, seeing growth in the school and transit segments. Strategic investments in infrastructure and sales team preparation for future growth are ongoing.