Gatekeeper Reports $7.3M Revenue in Fiscal Q1 2025
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 (TSXV: GSI) (OTC: GKPRF) ha riportato i risultati finanziari per il primo trimestre del 2025 terminato il 30 novembre 2024. I ricavi sono diminuiti a 7,28 milioni di dollari rispetto ai 9,82 milioni dello stesso periodo dell'anno precedente. Il profitto lordo è sceso a 3,16 milioni di dollari rispetto ai 4,78 milioni, con il margine lordo in calo al 43% dal 49%. Il profitto operativo è diminuito significativamente a 32.585 dollari rispetto ai 2,12 milioni, mentre il reddito totale complessivo è sceso a 576.093 dollari dai 2,34 milioni.
L'azienda mantiene una solida posizione finanziaria con 8,26 milioni di dollari in contante, 17,27 milioni in capitale circolante e senza debiti. Durante il trimestre, Gatekeeper ha ampliato la sua gamma di prodotti con nuove tecnologie, tra cui telecamere per la rilevazione dei telefoni cellulari per autobus scolastici, e ha continuato a sviluppare soluzioni conformi agli standard NTSB per i treni passeggeri. L'azienda ha assicurato un contratto con Lexington One per l'aggiornamento della tecnologia video per autobus scolastici dell'intera flotta.
Gatekeeper Systems (TSXV: GSI) (OTC: GKPRF) reportó los resultados financieros del primer trimestre de 2025, finalizado el 30 de noviembre de 2024. Los ingresos disminuyeron a 7,28 millones de dólares desde 9,82 millones en el mismo período del año pasado. El beneficio bruto cayó a 3,16 millones de dólares desde 4,78 millones, con un margen bruto que bajó al 43% desde el 49%. El beneficio operativo se redujo significativamente a 32.585 dólares desde 2,12 millones, mientras que el ingreso total integral cayó a 576.093 dólares desde 2,34 millones.
La compañía mantiene una fuerte posición financiera con 8,26 millones de dólares en efectivo, 17,27 millones en capital de trabajo, y sin deudas. Durante el trimestre, Gatekeeper amplió su línea de productos con nuevas tecnologías, incluyendo cámaras para la detección de teléfonos celulares en autobuses escolares, y continuó desarrollando soluciones compatibles con los estándares NTSB para trenes de pasajeros. La empresa aseguró un contrato con Lexington One para actualizar la tecnología de video de toda la flota de autobuses escolares.
Gatekeeper Systems (TSXV: GSI) (OTC: GKPRF)는 2024년 11월 30일 종료된 2025년 1분기 재무 결과를 보고했습니다. 수익은 작년 같은 기간의 9.82백만 달러에서 7.28백만 달러로 감소했습니다. 총 이익은 4.78백만 달러에서 3.16백만 달러로 줄어들었으며, 총 이익률은 49%에서 43%로 떨어졌습니다. 운영 이익은 2.12백만 달러에서 32,585달러로 크게 감소했으며, 총 포괄 소득은 2.34백만 달러에서 576,093달러로 줄어들었습니다.
회사는 8.26백만 달러의 현금, 17.27백만 달러의 운전 자본, 그리고 무부채 상태로 강력한 재무 상태를 유지하고 있습니다. 분기 동안 Gatekeeper는 학교 버스를 위한 휴대폰 감지 카메라 등 새로운 기술로 제품 라인업을 확장했으며, 승객 기차를 위한 NTSB 준수 솔루션 개발을 지속했습니다. 이 회사는 Lexington One과 전체 함대 학교 버스 비디오 기술 업그레이드 계약을 체결했습니다.
Gatekeeper Systems (TSXV: GSI) (OTC: GKPRF) a rapporté ses résultats financiers pour le premier trimestre de 2025, se terminant le 30 novembre 2024. Les revenus ont diminué à 7,28 millions de dollars contre 9,82 millions au même période de l'année dernière. Le bénéfice brut a chuté à 3,16 millions de dollars contre 4,78 millions, avec une marge brute passant de 49 % à 43 %. Le bénéfice opérationnel a considérablement baissé à 32 585 dollars contre 2,12 millions, tandis que le revenu total global est tombé à 576 093 dollars contre 2,34 millions.
L'entreprise maintient une solide position financière avec 8,26 millions de dollars en liquidités, 17,27 millions de dollars en fonds de roulement et aucune dette. Au cours du trimestre, Gatekeeper a élargi sa gamme de produits avec de nouvelles technologies, y compris des caméras de détection de téléphones portables pour les autobus scolaires, et a continué à développer des solutions conformes aux normes NTSB pour les trains de passagers. L'entreprise a obtenu un contrat avec Lexington One pour la mise à niveau de la technologie vidéo de l'ensemble de la flotte d'autobus scolaires.
Gatekeeper Systems (TSXV: GSI) (OTC: GKPRF) hat die finanziellen Ergebnisse für das erste Quartal 2025, das am 30. November 2024 endete, veröffentlicht. Der Umsatz sank auf 7,28 Millionen Dollar von 9,82 Millionen im gleichen Zeitraum des Vorjahres. Der Bruttogewinn fiel auf 3,16 Millionen Dollar von 4,78 Millionen, wobei die Bruttomarge auf 43% von 49% sank. Der Betriebsgewinn sank erheblich auf 32.585 Dollar von 2,12 Millionen, während das gesamte umfassende Ergebnis auf 576.093 Dollar von 2,34 Millionen zurückging.
Das Unternehmen hat eine starke Finanzlage mit 8,26 Millionen Dollar in bar, 17,27 Millionen Dollar im Umlaufvermögen und keine Schulden. Im Laufe des Quartals erweiterte Gatekeeper sein Produktportfolio mit neuen Technologien, darunter Handydetektion-Kameras für Schulbusse, und entwickelte weiterhin NTSB-konforme Lösungen für Passagierzüge. Das Unternehmen sicherte sich einen Vertrag mit Lexington One für die umfassende Modernisierung der Videotechnologie für Schulbusflotten.
- Strong balance sheet with $8.26M cash and no debt
- Healthy working capital position of $17.27M
- Secured new contract with Lexington One for school bus fleet upgrades
- Launched new Cell Phone Detection camera technology
- Revenue declined 25.9% year-over-year to $7.28M
- Gross margin decreased to 43% from 49%
- Operating profit fell 98.5% to $32,585
- Total comprehensive income decreased 75.4% to $576,093
- Operating expenses increased to $3.12M from $2.66M
Abbotsford, British Columbia--(Newsfile Corp. - January 29, 2025) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a video and data solutions provider for public transportation and smart cities, reports its financial results for the three months ended November 30, 2024.
Highlights for First Fiscal Quarter Ended November 30, 2024:
Revenue was
$7,283,636 , which compares to$9,824,743 for the same prior year comparable period;Gross profit was
$3,155,995 , which compares to$4,778,045 for the same prior year comparable period. Gross margin as a percentage of revenue was43% , compared to49% for the same prior year comparable period;Operating Profit was
$32,585 , which compares to$2,118,992 for the same prior year comparable period;Total Comprehensive Income was
$576,093 , which compares to Total Comprehensive Income of$2,341,112 for the same prior year comparable period; and,At November 30, 2024, the Company had cash and cash equivalents of
$8,262,280 , working capital of$17,273,619 , no borrowed-money debt, and approximately 93.7 million shares outstanding.
Management Commentary
"During Fiscal Q1 2025 we continued to solidly advance the business and invest in our infrastructure in alignment with growth. We developed new technology, launched new products, expanded our customer base, and added personnel with specific industry expertise. These business developments are corroborative with the complexity and size of the systems and customers we are currently interacting with," commented Doug Dyment, President and CEO of Gatekeeper.
"We announced a contract with Lexington One as a worthy case study of how school districts are now choosing Gatekeeper for full-fleet school bus video technology upgrades that include Live View Wireless and Student Protector stop arm cameras. We also launched a Cell Phone Detection camera that uses video algorithms to automatically detect if a school bus driver is texting while driving. In our transit segment we are actively bidding contracts and increasing industry awareness of our NTSB-compliant solutions designed to meet the new FRA rule requiring image recording devices on passenger trains."
Selected Financial Information
| For the three months ended | |||||||
| November 30, 2024 | November 30, 2023 | ||||||
| Revenue | $ | 7,283,636 | $ | 9,824,743 | |||
| Cost of Sales | $ | 4,127,641 | $ | 5,046,698 | |||
| Gross Profit | $ | 3,155,995 | $ | 4,778,045 | |||
| Gross Margin Percentage | |||||||
| Expenses | $ | 3,123,410 | $ | 2,659,053 | |||
| Operating Income (Loss) | $ | 32,585 | $ | 2,118,992 | |||
| Comprehensive Income (Loss) for the period | $ | 576,093 | $ | 2,341,112 | |||
| Earnings (Loss) per share - | |||||||
| Basic | $ | 0.01 | $ | 0.02 | |||
| Diluted | $ | 0.01 | $ | 0.02 | |||
| November 30, 2024 | August 31, 2024 | ||||||
| Total Assets | $ | 21,827,153 | $ | 22,368,076 | |||
| Total Liabilities | $ | 3,076,984 | $ | 4,205,999 | |||
| Total Shareholders' Equity | $ | 18,750,169 | $ | 18,162,077 | |||
Full details of the financial reports and operating results for the first fiscal quarter ended November 30, 2024, are described in the Company's unaudited consolidated financial statements with accompanying notes and related Management's Discussion and Analysis, available on SEDAR+ at www.sedarplus.ca.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics, and Mobile Data Collectors to interconnect public transportation assets within a Smart City ecosystem. The Company's Platform-as-a-Service (PaaS) business model is centered around wirelessly enabled Mobile Data Collectors which forms the foundation of the Company's data company evolution. www.gatekeeper-systems.com
Contact Information:
Douglas Dyment
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187
Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis for the period ended November 30, 2024. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238901
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