Gatekeeper Systems Inc (GSI)

Gatekeeper Reports $10.4M Revenue 75% Growth in Record Breaking Fiscal Q2 2026April 27, 2026 4:15 PM
NewsfileAbbotsford, British Columbia--(Newsfile Corp. - April 27, 2026) - 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 and six months ended February 28, 2026, and announces corresponding conference call details. Fiscal Q2 2026 and Recent Business Highlights:Approximately $50.3 million in new business contracts announced during the current fiscal year, of which $6.8 million has been recorded as revenue during the six months ended February 28, 2026. Revenue for the three-month period ended February 28, 2026 was the Company's highest-ever fiscal second quarter revenue, increasing 75% to $10.4 million compared to $5.9 million in the prior year.Revenue for the six-month period ended February 28, 2026 increased 23% to $16.3 million compared to $13.2 million in the prior year. Gross profit for the three and six months was $4.4 million and $7.1 million respectively compared to $2.3 million and $5.5 million in the prior year comparable periods, representing an increase in gross profit of 92% and 30% respectively.Gross margin as a percentage of revenue for the three and six months was 43% and 44% respectively compared to 39% and 41% in the prior year comparable periods.Operating expenses for the three and six months were $4.2 million and $8.5 million respectively compared to $3.6 million and $6.8 million in the prior year comparable periods, representing an increase in operating expenses of 16% and 25% respectively.Total comprehensive income for the three and six months was $0.8 million and $0.0 million respectively compared to total comprehensive loss of $1.0 million and $0.4 million in the prior year comparable periods. At February 28, 2026, the Company had working capital of $35.8 million, including cash of $13.2 million. The Company also has a $6 million Credit Facility plus a $7.5 million Letter of Credit Facility with TD Bank, both of which were undrawn at February 28, 2026.Management CommentaryDoug Dyment, President and CEO of Gatekeeper, commented, "During fiscal Q2 2026 we recorded our highest-ever second quarter revenue of $10.4 million, an increase of 75% over the prior year. To date during this fiscal year, we have announced approximately $50.3 million in new business contracts, of which only $6.8 million has been recorded as revenue in the six-month financial results. Within these new business contracts, $14.4 million relates to the school bus segment, and all of those have recurring revenue subscriptions for video analytics and storage. Our strategy to establish a data center in 2024 and offer AI-assisted video analytics and hosted services is resonating very well with our approximately 3,500 school district customers, who are wrestling with daily management and storage of increasing amounts of video from hundreds of school buses. Several school districts are coming to Gatekeeper for full fleet video upgrades and subscribing to our Live View Wireless and video analytics software offerings.During the quarter we commenced our largest-ever project, a $27 million transit video contract for New York MTA's Long Island Rail Road, and on January 20, 2026 we disclosed our anticipated revenue schedule for that project."Conference CallGatekeeper management will hold a conference call on April 28, 2026, at 8:30 a.m. ET to review its financial and operating results and provide a corporate update. Shareholders may join the conference call by either dialing (+1) 800-717-1738, or joining through the weblink http://momentum.adobeconnect.com/gatekeepershareholder/.Selected Financial Information














For the three months ended

For the six months ended


February 28,
2026

February 28,
2025

February 28,
2026

February 28,
2025













Revenue$10,378,405
$5,922,083
$16,283,711
$13,205,719
Cost of Sales
5,963,837

3,625,005

9,184,033

7,752,646
Gross Profit
4,414,568

2,297,078

7,099,678

5,453,073
Gross Margin
43%

39%

44%

41%


 

 

 

 
Expenses
4,207,613

3,636,078

8,462,955

6,759,488


 

 

 

 
             Operating Income (Loss)
206,955

(1,339,000)
(1,363,277)
(1,306,415)             

 

 

 

 
Total Comprehensive Income (Loss) for the period$789,306
$(1,014,735)$6,365
$(358,642)Earning per share -
 

 

 

 
Basic$0.00
$(0.01)$0.00
$(0.00)Diluted$0.00
$(0.01)$0.00
$(0.00)

 

 

 

 


 

 

 

 


February 28,
2026

August 31,
2025

 

 


 

 

 

 
Total Assets$42,903,886
$38,516,834

 

 


 

 

 

 
Total Liabilities
4,211,399

12,419,113

 

 


 

 

 

 
Total Shareholders' Equity$38,692,487
$26,097,721

 

 
Full details of the financial reports and operating results for the fiscal quarter ended February 28, 2026, are described in the Company's 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 video and data solutions for a safer transportation environment for children, passengers, and drivers on public transportation fleets. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America and has installed more than 65,000 Mobile Data Collectors for customers which record video and data daily from over 200,000 onboard devices. The Company's hosted software applications facilitate AI-assisted video analytics for incident management and storage. The Company's Platform-as-a-Service (PaaS) business model is centered around the Mobile Data Collectors, which are the cornerstone of its data company transformation. www.gatekeeper-systems.com Contact Information:Douglas Dyment
President & CEO
ddyment @edCautionary 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. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to currency values and foreign exchange rate fluctuations between the Canadian dollar and U.S. dollar. 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 year ended February 28, 2026. 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/294444
Original: Gatekeeper Reports $10.4M Revenue 75% Growth in Record Breaking Fiscal Q2 2026

Gatekeeper Announces C$1.7M School Bus Video and Subscriptions Contract with Atlanta Public SchoolsApril 23, 2026 8:00 AM
NewsfileAbbotsford, British Columbia--(Newsfile Corp. - April 23, 2026) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a leader in video and data solutions for school buses, public transit and smart cities, is pleased to announce a school bus video and subscriptions contract with Atlanta Public Schools in Georgia.Under the contract, Atlanta Public Schools will upgrade their full fleet of 325 school buses with new Mobile Data Collectors and interior video and subscribe to Gatekeeper's video management software offering for Live View Wireless, video analysis, and storage. The contract is valued at approximately US$1.2 million (C$1.7 million) plus monthly-recurring subscriptions. Atlanta Public Schools is one of the oldest and largest school districts in the state of Georgia, currently serving approximately 50,000 students. About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of video and data solutions for a safer transportation environment for children, passengers, and drivers on public transportation fleets. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America and has installed more than 65,000 Mobile Data Collectors for customers which record video and data daily from over 200,000 onboard devices. The Company's hosted software applications facilitate AI-assisted video analytics for incident management and storage. The Company's Platform-as-a-Service (PaaS) business model is centered around the Mobile Data Collectors, which are the cornerstone of its data company transformation. www.gatekeeper-systems.com Contact Information:Douglas Dyment
President & CEO
ddyment @edCautionary 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, 2025. 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/293923
Original: Gatekeeper Announces C$1.7M School Bus Video and Subscriptions Contract with Atlanta Public Schools

Gatekeeper Reports $6M Revenue in Fiscal Q1 2026January 29, 2026 4:15 PM
NewsfileAbbotsford, British Columbia--(Newsfile Corp. - January 29, 2026) - 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 first fiscal quarter ended November 30, 2025 (the "Quarter"), and announces corresponding conference call details. Fiscal Q1 2026 and Recent Business Highlights:$46.3 million in new business contracts announced during the Quarter and subsequent to the Quarter end including: $27 million transit video contract with New York MTA's Long Island Rail Road, $9.3 million school bus video contract with a student transportation provider, OEM contract with Alstom for transit video, and $0.8 million video contract with L&T Technology Services for Etihad Rail project in the Middle East.Revenue for the Quarter was $5.9 million compared to $7.3 million in the prior year comparable period.Gross profit for the Quarter was $2.7 million compared to $3.2 million in the prior year comparable period. Gross margin as a percentage of revenue was 45% compared to 43% in the prior year comparable period. Operating expenses for the Quarter were $4.3 million compared to $3.1 million in the prior year comparable period.Total comprehensive loss for the Quarter was $0.8 million compared to income of $0.6 million in the prior year comparable period.Completed a bought-deal financing generating aggregate gross proceeds of $13.5 million.Appointed security industry executive, Hamish Dobson, to board of directors.At November 30, 2025, the Company had working capital of $35 million, including cash of $18 million. The Company also has a $6 million Credit Facility plus a $7.5 million Letter of Credit Facility with TD Bank, both of which were undrawn at November 30, 2025.Management CommentaryDoug Dyment, President and CEO of Gatekeeper, commented, "During fiscal Q1 2026 we announced our largest-ever contract wins in both transit and school bus segments and raised $13.5 million in the Company's largest-ever financing. In the transit segment, we announced a $27 million contract for New York MTA's Long Island Rail Road, and we've commenced work on that project. We became an OEM transit video and data solutions provider to Alstom, a global leader in rail transport systems, and announced an Alstom contract to equip new SEPTA streetcars with video. Our business reach has now expanded globally with the announcement of a video contract with L&T Technology Services for Etihad Rail in the Middle East. During the Quarter and subsequent to the Quarter end, we announced approximately $35 million in new contracts in the transit segment. In the school bus segment, we announced a $9.3 million contract in California with a student transportation provider, which is a business relationship that is also contributing additional growth in our OEM school bus factory installation business model. Our business in California has shown solid growth and we count over 350 school districts as our customers there, many of whom have completed full-fleet installations. School districts are embracing our video management subscription offering for video analysis and storage, and most of our recent contract wins now include this recurring revenue component. During the Quarter and subsequent to the Quarter end, we announced approximately $11 million in new contracts in the school bus segment.The Company also raised $13.5 million in a bought deal financing during the Quarter, allowing the Company to strengthen its overall financial position to execute large contracts." Conference CallGatekeeper management will hold a conference call on January 30, 2026, at 8:45 a.m. ET to review its financial and operating results and provide a corporate update. Shareholders may join the conference call by either dialing (+1) 800-717-1738, or joining through the weblink http://momentum.adobeconnect.com/gatekeeper-shareholder/. Selected Financial Information

For the three months ended


November 30, 2025

November 30, 2024
Revenue$5,905,306
$7,283,636
Cost of Sales$3,220,196
$4,127,641
Gross Profit$2,685,110
$3,155,995
Gross Margin Percentage
45%

43%


 

 
Expenses$4,255,342
$3,123,410
Operating Income (Loss)$(1,570,232)$32,585


 

 
Comprehensive Income (Loss) for the period$(782,941)$576,093
Earnings (Loss) per share -
 

 
Basic$(0.01)$0.01
Diluted$(0.01)$0.01


 

 


November 30, 2025

August 31, 2025


 

 
Total Assets$42,037,278
$38,516,834
Total Liabilities$4,198,127
$12,419,113
Total Shareholders' Equity$37,839,151
$26,097,721
 Full details of the financial reports and operating results for the first fiscal quarter ended November 30, 2025, are described in the Company's 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 video and data solutions for a safer transportation environment for children, passengers, and drivers on public transportation fleets. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America and has installed more than 65,000 Mobile Data Collectors for customers which record video and data daily from over 200,000 onboard devices. The Company's hosted software applications facilitate AI-assisted video analytics for incident management and storage. The Company's Platform-as-a-Service (PaaS) business model is centered around the Mobile Data Collectors, which are the cornerstone of its data company transformation. 
www.gatekeeper-systems.com Contact Information:Douglas Dyment
President & CEO
ddyment @edCautionary 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, 2025. 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/282092
Original: Gatekeeper Reports $6M Revenue in Fiscal Q1 2026

Partially correct - But not much

Co's all about surveilance on public transport

Yep

Looks doomed and or at least destined for a pullback

YESTERDAY

News... Gatekeeper Systems Secures $10 Million in Bought Deal Private Placement

Gatekeeper Systems ( (TSE:GSI) ) has issued an announcement.

Gatekeeper Systems Inc. has announced a $10 million bought deal private placement agreement with Canaccord Genuity Corp. and Raymond James Ltd. as co-lead underwriters. The offering involves 4,800,000 common shares priced at $2.10 each, with proceeds intended for growth opportunities, funding working capital for new contracts, and general corporate purposes. The transaction is expected to close on or about November 13, 2025, pending necessary regulatory approvals. This strategic move aims to bolster Gatekeeper’s market position and operational capabilities, potentially impacting stakeholders positively by enhancing the company’s financial flexibility and capacity for expansion.


https://www.msn.com/en-us/money/topstocks/gatekeeper-systems-secures-10-million-in-bought-deal-private-placement/ar-AA1PTjj3?ocid=BingNewsSerp


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