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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.
Yahoo
19-02-2025
- Automotive
- Yahoo
Gatekeeper Supports Transport Canada's New Mandate for Cameras on School Buses
Abbotsford, British Columbia--(Newsfile Corp. - February 19, 2025) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a leader in intelligent video and data solutions for public transportation and smart cities, supports Transport Canada's new regulation mandating that perimeter visibility systems be installed on all new school buses as a feature to improve school bus safety. In addition, the regulation also introduced requirements for the installation of infraction cameras for manufacturers who wish to voluntarily install them on buses. The Transport Canada regulation came into effect December 18, 2024, and all new school buses will be equipped with perimeter visibility systems as of November 1, 2027. Transport Canada estimates the cost of the regulation to be $196 million in present value between 2024 and 2036 and estimates 65,105 school buses will be affected by 2036. These measures follow a 2020 Report of the Task Force on School Bus Safety, which recommended new measures to protect children outside the school bus, where they face the greatest risk. Gatekeeper was selected as a pilot project supplier for testing in this initiative in April 2021 and installed 360 Surround Vision and Student Protector systems on pilot project school buses in British Columbia and Ontario. Gatekeeper's 360 Surround Vision is a perimeter visibility system which provides a surround view of the school bus and is automatically activated when the bus is reversing or making side turns. The surround view is displayed on a specialized rear-view mirror system allowing drivers to monitor school children all around the bus. Gatekeeper's Student Protector is an infraction camera solution specifically designed to record and target vehicles that illegally pass a school bus when the stop arm is deployed and captures license plate information day or night up to four lanes from a school bus. "Gatekeeper applauds this new Transport Canada regulation to improve school bus safety," commented Doug Dyment, Gatekeeper's President, and CEO. "We have supported the Task Force on School Bus Safety from its early beginnings as a pilot project provider showcasing our innovative 360 Surround Vision and Student Protector solutions and we look forward to working with Canadian school districts and school bus manufacturers on the implementation of this important regulation." For more information visit Transport Canada press release and regulations. 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. Contact Information: Douglas DymentPresident & CEOddyment@ 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
