Latest news with #GatekeeperSystems
The Market Online
31-07-2025
- Business
- The Market Online
Gatekeeper reports record Q3 revenue and expands transit and school bus contracts
Gatekeeper Systems (TSXV:GSI) announced its financial results for Q3 2025, highlighting record revenue and significant contract wins across North America The company posted its highest-ever fiscal third-quarter revenue of C$7.5 million, a 16 per cent increase from Q3 2024 The company announced over C$5.4 million in school bus video and subscription contracts Gatekeeper Systems stock (TSXV:GSI) last traded at C$1.30 Gatekeeper Systems (TSXV:GSI) announced its financial results for the three and nine months ended May 31, 2025, highlighting record third-quarter revenue and significant contract wins across North America. This content has been prepared as part of a partnership with Gatekeeper Systems Inc. and is intended for informational purposes only. Q3 2025 financial highlights Record Q3 revenue : The company posted its highest-ever fiscal third-quarter revenue of C$7.5 million , a 16 per cent increase from C$6.5 million in Q3 2024. : The company posted its highest-ever fiscal third-quarter revenue of , a from C$6.5 million in Q3 2024. Nine-month revenue : Revenue for the nine-month period was C$20.7 million , compared to C$26.1 million in the prior year. Excluding a one-time C$9 million transit contract from the previous year, the company's core business grew approximately 21 per cent year-over-year. : Revenue for the nine-month period was , compared to C$26.1 million in the prior year. Excluding a one-time C$9 million transit contract from the previous year, the company's core business grew approximately year-over-year. Gross profit : Gross profit was C$3.7 million for the quarter and C$9.1 million for the nine-month period, with gross margins of 49 per cent and 44 per cent , respectively. : Gross profit was for the quarter and for the nine-month period, with gross margins of and , respectively. Operating loss : The company reported an operating loss of C$0.1 million for the quarter and C$1.4 million for the nine months, primarily due to increased investments in sales, marketing, and R&D. : The company reported an operating loss of for the quarter and for the nine months, primarily due to increased investments in sales, marketing, and R&D. Working capital: As of May 31, 2025, Gatekeeper held C$15.6 million in working capital and remained debt-free. Operational highlights Transit contracts : Gatekeeper secured over C$7 million in new and extended transit contracts, including: A contract extension with SEPTA (Southeastern Pennsylvania Transportation Authority), A new transit customer in Oregon , A new transit customer in Canada , and Factory-installed video systems for paratransit vehicles . : Gatekeeper secured over in new and extended transit contracts, including: School bus contracts : The company announced over C$5.4 million in school bus video and subscription contracts, including deployments in: Florida (300 buses), Missouri (200 buses), Indiana , Virginia , Nebraska , California , and Canada . Notable installations include Student Protector systems in Nevada and 360 Surround Vision in Florida. : The company announced over in school bus video and subscription contracts, including deployments in: Subscription growth : Video management and hosted service subscriptions surged from 300 to 3,500 during the fiscal year, reflecting strong demand for Gatekeeper's cloud-based solutions. : Video management and hosted service subscriptions surged from during the fiscal year, reflecting strong demand for Gatekeeper's cloud-based solutions. Team expansion: The transit team was expanded to support compliance with the Federal Railroad Administration (FRA) mandate, positioning the company for future rail-related opportunities. Post-quarter developments Following the quarter-end, Gatekeeper completed a bought-deal brokered financing raising C$11.5 million in gross proceeds. Additionally, the company increased its Letter of Credit Facility with TD Bank to C$7.5 million, enhancing its ability to support large-scale projects and inventory procurement. Leadership's insight 'Our fiscal third quarter marks the company's highest-ever fiscal third quarter revenue. We continue to make investments in our business, which we believe will contribute strongly to our future growth and we are already witnessing those benefits,' Gatekeeper's President and CEO, Doug Dyment commented in a media statement. 'Customer adoption of our video management and hosted service subscriptions is gaining traction and most of our customer proposals now include these subscription services. During the current fiscal year, the number of Mobile Data Collectors under contract for monthly-recurring hosted services has increased from approximately 300 to 3,500, with additional subscriptions expected soon from contracts recently announced. Gatekeeper offers intelligent video and data solutions for public transportation and smart cities, Gatekeeper Systems stock (TSXV:GSI) last traded at C$1.30 and has risen 128.07 per cent since the year began while growing 160.00 per cent since this time last year. Join the discussion: Find out what the Bullboards are saying about Gatekeeper and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
The Market Online
13-06-2025
- Business
- The Market Online
Gatekeeper Systems scores three major U.S. contracts this week
Gatekeeper Systems (TSXV:GSI) has been awarded a C$1.9 million contract by a transit agency in Oregon to equip its fleet with the company's advanced Mobile Data Collectors Gatekeeper has signed a C$180,000 upgrade agreement with a long-standing school district customer in California Gatekeeper has also secured a project to provide video solutions and software subscriptions for a fleet of over 70 school buses in Nebraska, valued at approximately C$420,000 Gatekeeper Systems stock (TSXV:GSI) last traded at $0.70 A provider of intelligent video and data solutions for school buses, public transit, and smart cities, signed a series of significant contract wins across the United States, further expanding its footprint in the transportation technology sector. In a landmark deal, Gatekeeper Systems (TSXV:GSI) has been awarded a contract by a transit agency in Oregon to equip its fleet with the company's advanced Mobile Data Collectors and a comprehensive suite of transit video solutions. The agency will also subscribe to Gatekeeper's AI-assisted video management platform, enabling enhanced video analytics and secure cloud-based storage. This new customer contract is valued at approximately US$1.4 million (C$1.9 million), with additional monthly recurring subscriptions exceeding US$50,000 per year over an initial five-year term, totaling approximately C$340,000. In addition to the Oregon contract, Gatekeeper has signed an upgrade agreement with a long-standing school district customer in California. Under this contract, 46 existing buses will be upgraded, and 5 new buses will be outfitted with the company's latest school bus video systems. The district will also implement Gatekeeper's video management software for in-yard Wi-Fi-based video analysis and storage. The contract is valued at approximately US$131,000 (C$180,000), plus ongoing subscription services. Further strengthening its presence in the Midwest, Gatekeeper has also secured a project to provide video solutions and software subscriptions for a fleet of over 70 school buses in Nebraska. The project, awarded through an original equipment manufacturer bus manufacturer, includes factory-installed Mobile Data Collectors and interior video systems, as specified by a major school bus transportation provider. This new customer engagement is valued at approximately C$420,000 (US$307,000), with additional recurring software subscription revenue. Gatekeeper offers intelligent video and data solutions for the transportation industry. Gatekeeper Systems stock (TSXV:GSI) last traded at $0.70 and has risen 22.81 per cent since the year began while growing 11.11 per cent since this time last year. Join the discussion: Find out what everybody's saying about this micro-cap tech stock on the Gatekeeper Systems Inc. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Market Online
05-06-2025
- Business
- The Market Online
A micro-cap tech stock backed by profitable growth
While Magnificent Seven stocks such as NVIDIA, Alphabet and Amazon are the tech sector's most recognizable barometers – heralding the ongoing rise of AI across industries, and with it the reignition of innovation across the globe – their daily multi-billion dollar fluctuations in market cap mask high-potential opportunities in the small and micro-cap spaces yet to reach the limelight. One of these opportunities is little-known Gatekeeper Systems (TSXV:GSI), market cap C$63.90 million, a smart video and data technology stock focused on transportation services, including school buses and public transit, equipping them with cameras, mobile data collectors and AI-enabled software to optimize both passenger safety and service efficiency. The company, founded in 2013, has built a three-year track record of profitable growth backed by fundamentals supporting long-term value creation. Here are the numbers: Revenue growth of 119.4 per cent from C$17.23 million in 2021 to C$37.81 million in 2024, followed by a respectable over C$13 million collected in 2025 through Q2. Positive net income in four out of the past five years, including C$1.88 million in 2022, C$2.81 million in 2023 and C$1.99 million in 2024. Though the company has posted a net loss over the first two quarters of 2025, its transit contract win rate is steadily increasing, as detailed in its Q2 2025 news release. In terms of market share, these figures translate into more than 200,000 video devices and 57,000 mobile data collectors installed to date across all modes of transportation, spanning 60 transit customers, customers in every North American state and province, and about 25 per cent of the North American school district market, with more than 3,500 districts on the Gatekeeper platform. From this position of strength, and with a transit market tailwind at its back (slide 11), Gatekeeper is focused on closing numerous contracts in its pipeline and parlaying major contract wins – including the Toronto Transit Commission and the Southeastern Pennsylvania Transportation Authority (slide 12) – into further growth supported by recent investments in sales, engineering and legal. The broader market has shown conviction in the company's growth plan, lifting Gatekeeper Systems stock (TSXV:GSI) by 195.65 per cent since 2020, almost tripling the TSX's return over the period. Shares last traded at C$0.68. Join the discussion: Find out what everybody's saying about this micro-cap tech stock on the Gatekeeper Systems Inc. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
