Source: Gatekeeper Systems
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  • Gatekeeper (GSI) reported its financial results for its fiscal Q3 2022, noting some gains and declines in financial performance
  • Revenue was $4,388,520 and $10,192,417 for the three and nine months ending May 31, 2022 respectively, compared to $3,831,373 and $12,088,139 for the year prior
  • Gross profit was $1,810,596 and $4,511,146 respectively, compared to $1,853,029 and $5,224,335 for the prior year
  • Gatekeeper highlighted its $5.08 million transit video upgrade contract, an initial $560,000 order on school bus Wi-Fi for enhanced distance learning, and a $2.35 million contract extension to provide transit vehicle video system maintenance services as business milestones
  • Gatekeeper (GSI) is down by 6.45 per cent trading at $0.29 per share as of 9:45 am ET

Gatekeeper (GSI) reported its financial results for its fiscal Q3 2022, noting some gains and declines in financial performance.

Revenue for the three and nine months ending May 31, 2022 was $4,388,520 and $10,192,417 respectively, compared to $3,831,373 and $12,088,139 for the year prior.

Gross profit was $1,810,596 and $4,511,146 respectively, compared to $1,853,029 and $5,224,335 for the prior year.

Navigating the supply chain challenges that have hampered the technology industry at large lately, Gatekeeper highlighted its $5.08 million transit video upgrade contract, an initial $560,000 order on school bus Wi-Fi for enhanced distance learning, and a $2.35 million contract extension to provide transit vehicle video system maintenance services as business milestones over the quarter.

Gatekeeper’s President, and CEO Doug Dyment commended his company’s revenue growth during the quarter, and said that, more importantly, having also secured significant contracts during that time.

“The $5 million transit video upgrade contract is the second largest contract in the company’s history, and the National Express agreement positions us to provide services to an operator of 20,000 school buses. These contracts are continuing examples of how Gatekeeper is strategically positioned to service major customers.”

Gatekeeper provides intelligent video and data solutions to enable safer transportation systems.

Gatekeeper (GSI) is down by 6.45 per cent trading at $0.29 per share as of 9:45 am ET.


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