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Gatekeeper Systems ( (TSE:GSI) ) has issued an announcement.
Gatekeeper Systems Inc. has expanded its credit facilities with TD Bank, increasing its letter of credit facility from $2 million to $7.5 million to support potential inventory purchases and performance bond guarantees for large projects. The company also maintains a $6 million revolving credit facility for working capital and has favorable vendor financing arrangements for defined large projects. As of the end of its most recent fiscal quarter, Gatekeeper had undrawn credit facilities and $16.1 million in working capital, positioning it well for future growth without any borrowed-money debt.
Spark’s Take on TSE:GSI Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSI is a Outperform.
Gatekeeper Systems’ strong corporate events and technical analysis drive the positive outlook, with major contracts enhancing its market position. However, challenges in revenue and profitability affect its valuation. The overall score reflects these mixed factors, emphasizing the need for financial improvement to sustain growth.
To see Spark’s full report on TSE:GSI stock, click here.
More about Gatekeeper Systems
Gatekeeper Systems Inc. is a leading provider of video and data solutions aimed at enhancing safety in transportation environments for children, passengers, and drivers on public transportation fleets. The company has served over 60 transit agencies and 3,500 school districts across North America, installing more than 57,000 Mobile Data Collectors that record video and data from over 200,000 onboard devices daily. Gatekeeper’s Platform-as-a-Service business model is centered around these Mobile Data Collectors, facilitating AI-assisted video analytics for incident management and storage.
Average Trading Volume: 176,631
Technical Sentiment Signal: Buy
Current Market Cap: C$114.6M
Learn more about GSI stock on TipRanks’ Stock Analysis page.