Welcome to our dedicated page for Gatekeeper Sys news (Ticker: GKPRF), a resource for investors and traders seeking the latest updates and insights on Gatekeeper Sys stock.
Gatekeeper Systems Inc. (GKPRF) delivers AI-powered safety solutions for public transportation and smart cities through its innovative video analytics and data platforms. This news hub provides investors and industry professionals with essential updates on the company's technological advancements and market position.
Access real-time updates on product innovations, strategic contracts, and operational milestones. Our curated collection includes earnings reports, partnership announcements, and regulatory developments directly impacting GKPRF's role in transportation safety technology.
Key news categories cover AI-driven product launches, municipal infrastructure contracts, school bus safety initiatives, and smart city collaborations. Stay informed about the company's Platform-as-a-Service (PaaS) developments and Mobile Data Collector integrations across North American transit networks.
Bookmark this page for streamlined access to Gatekeeper Systems' official communications and third-party analyses. Regularly updated content ensures you maintain current awareness of this innovator's progress in transforming transportation safety through artificial intelligence and data analytics.
Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) has secured a significant contract through its USA subsidiary from Coach & Equipment Bus Sales Inc. The contract, valued at US $666,000 (C $955,000), involves providing Mobile Data Collectors, Rear Vision Systems, Video Display Mirrors, and other video devices for OEM factory installation in new Paratransit vehicles.
The company's technology will enhance safety in Paratransit vehicles, which provide essential transportation services for people with disabilities who cannot use regular fixed-route bus services. The Rear Vision System features a ruggedized design offering clear visibility behind the vehicle, even in complete darkness, while integrating with Gatekeeper's Video Display Mirror to provide drivers with an easy-to-use rear view solution.
Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) has secured a significant contract extension through its USA subsidiary for video services maintenance. The US$2.392 million (approximately C$3.5 million) agreement with Southeastern Pennsylvania Transportation Authority (SEPTA) extends their existing service relationship for an additional 16 months, retroactive to November 7, 2024.
The company, which specializes in intelligent video and data solutions for public transportation and smart cities, has been providing video system maintenance services to SEPTA since October 2019. SEPTA represents one of the largest transit systems in the United States, serving five counties in the Greater Philadelphia area with connections to transit systems in Delaware and New Jersey.
Gatekeeper Systems (TSXV: GSI) (OTC Pink: GKPRF) supports Transport Canada's new regulation mandating perimeter visibility systems on all new school buses. The regulation, effective December 18, 2024, requires implementation by November 1, 2027, with an estimated cost of $196 million affecting 65,105 school buses by 2036.
The company was selected as a pilot project supplier in April 2021, installing their 360 Surround Vision and Student Protector systems on pilot buses in British Columbia and Ontario. The 360 Surround Vision provides comprehensive bus perimeter viewing through a specialized rear-view mirror system, while the Student Protector captures illegal passing violations when buses deploy stop arms.
Gatekeeper Systems (TSXV: GSI) (OTC Pink: GKPRF) has been awarded an Automated Streetcar Enforcement System (ASES) pilot contract by the Toronto Transit Commission (TTC). The contract, valued at approximately $460,000, involves deploying AI-assisted video analytics for incident detection, license plate capture, and automated ticket processing on four streetcars.
The ASES system will enforce regulations requiring motorists to stop behind streetcars when passenger doors are open, using video-based evidence capture and automated ticketing. This initiative aims to enhance passenger safety in mixed-traffic conditions where passengers must cross traffic lanes to board streetcars.
The TTC, serving approximately 1.7 million daily commuters, is Canada's largest public transit system and North America's third-largest. The implementation of ASES represents a technological solution to address frequent instances of vehicles illegally passing streetcars with open doors.
Gatekeeper Systems (TSXV: GSI) (OTC: GKPRF) reported financial results for Q1 2025 ended November 30, 2024. Revenue decreased to $7.28M from $9.82M in the same period last year. Gross profit declined to $3.16M from $4.78M, with gross margin dropping to 43% from 49%. Operating profit decreased significantly to $32,585 from $2.12M, while total comprehensive income fell to $576,093 from $2.34M.
The company maintains a strong financial position with $8.26M in cash, $17.27M in working capital, and no debt. During the quarter, Gatekeeper expanded its product lineup with new technologies including Cell Phone Detection cameras for school buses and continued developing NTSB-compliant solutions for passenger trains. The company secured a contract with Lexington One for full-fleet school bus video technology upgrades.
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.
