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Gatekeeper Systems
(GSI)
Gatekeeper Systems (GSI) vs. iShares MSCI Canada ETF (EWC)
Gatekeeper Systems Business Overview & Revenue Model
Gatekeeper Systems Financial Statement Overview
| Breakdown | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 37.81M | 27.85M | 20.03M | 17.23M | 20.32M |
| Gross Profit | 17.24M | 12.54M | 9.31M | 7.52M | 8.35M |
| EBITDA | 4.99M | 3.47M | 2.03M | -186.36K | 2.63M |
| Net Income | 1.99M | 2.81M | 1.88M | 120.77K | 3.58M |
Balance Sheet | |||||
| Total Assets | 22.37M | 19.61M | 23.02M | 14.40M | 15.60M |
| Cash, Cash Equivalents and Short-Term Investments | 6.72M | 4.11M | 2.60M | 3.60M | 1.03M |
| Total Debt | 983.01K | 749.62K | 4.46M | 813.79K | 2.36M |
| Total Liabilities | 4.21M | 3.87M | 10.47M | 3.30M | 4.76M |
| Stockholders Equity | 18.16M | 15.74M | 12.55M | 11.10M | 10.84M |
Cash Flow | |||||
| Free Cash Flow | 3.45M | 6.31M | -4.63M | 4.04M | -2.11M |
| Operating Cash Flow | 4.22M | 6.54M | -4.60M | 4.14M | -1.89M |
| Investing Cash Flow | -774.59K | -232.35K | -30.22K | -106.56K | -104.44K |
| Financing Cash Flow | -831.22K | -4.81M | 3.62M | -1.45M | 917.95K |
Gatekeeper Systems Technical Analysis
Gatekeeper Systems Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$127.17M | 144.83 | -12.44% | ― | -4.94% | -145.86% | |
70 Outperform | $46.12M | 119.71 | -0.37% | 4.82% | -0.76% | -143.20% | |
64 Neutral | C$54.89M | 14.15 | 679.89% | ― | -10.35% | ― | |
51 Neutral | C$17.28M | ― | -1525.80% | ― | 0.55% | 69.82% | |
50 Neutral | C$22.52M | ― | -26.97% | ― | 37.38% | -41.34% | |
50 Neutral | C$3.03B | 2.50 | -63.12% | 2.26% | 4.49% | -6.07% | |
23 Underperform | C$17.91M | ― | 171.44% | ― | ― | 18.30% |
Gatekeeper Systems Corporate Events
Gatekeeper Systems Inc. has successfully closed an $11.5 million bought deal private placement, with Canaccord Genuity Corp. acting as the lead underwriter. The funds raised will be used for working capital and general corporate purposes, pending final approval from the TSX Venture Exchange. This financial move strengthens Gatekeeper’s operational capabilities and market position in the video and data solutions industry, potentially benefiting stakeholders by supporting the company’s growth and service enhancement initiatives.
Gatekeeper Systems Inc. has announced a $10 million bought deal private placement agreement with Canaccord Genuity Corp., involving the issuance of 8,335,000 common shares at $1.20 each. The proceeds will be used for working capital and general corporate purposes, with the offering expected to close by July 23, 2025, subject to regulatory approvals. This move is poised to strengthen Gatekeeper’s financial position and support its ongoing operations and growth in the video and data solutions market for public transportation.
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.
Gatekeeper Systems Inc. has issued a press release in response to the Canadian Investment Regulatory Organization’s request to comment on recent trading activity in its common shares. The company acknowledges information made public by a major transportation authority during its project approval process but refrains from further comment until an official company press release is issued. Investors are advised to rely only on official statements and filings from the company or its authorized representatives.
Gatekeeper Systems Inc. has secured $450,000 in contracts to equip school buses in Alberta, Manitoba, and British Columbia with Mobile Data Collectors and video systems under its PaaS model. This expansion aligns with new Transport Canada regulations mandating perimeter visibility systems on all new school buses by 2027, presenting a significant business opportunity for Gatekeeper and enhancing safety for school children. Gatekeeper’s selection as a pilot project supplier for these systems underscores its industry leadership and positions it to benefit from the estimated $196 million regulatory impact affecting over 65,000 school buses by 2036.
Gatekeeper Systems Inc. has secured a C$2.2 million contract with a transit agency in Oregon to equip buses with Mobile Data Collectors and video solutions, alongside a subscription to their AI-assisted video management service. This contract marks the company’s expansion into new customer bases within transit agencies, complementing their existing presence in over 60 transit agencies and 3,500 school districts across North America, thereby strengthening their industry positioning.
Gatekeeper Systems Inc. has secured a contract with an existing school district customer in California to upgrade 46 buses and equip 5 new buses with its latest video offerings, alongside a subscription to its video management software. This contract, valued at approximately US$131,000, highlights the company’s growing influence in the school transportation sector, offering cost-effective video data solutions that could potentially benefit over 350 existing school district customers in California alone.
Gatekeeper Systems Inc. has secured a $420,000 project to supply video solutions and software subscriptions for a school district’s fleet of over 70 buses in Nebraska. This project, contracted by an OEM bus manufacturer, includes factory-installed Mobile Data Collectors and interior video systems, along with video management software services. This development marks a new client relationship for Gatekeeper, potentially enhancing its market presence in the school transportation sector.
Gatekeeper Systems Inc. has secured a contract valued at over US $900,000 with a major school transportation company to install video systems on a fleet of over 200 school buses in Missouri. This contract, which includes monthly recurring subscriptions for video management software services, marks a significant expansion into a new customer base and underscores Gatekeeper’s strategic positioning in the school transportation safety market.
Gatekeeper Systems Inc. has announced an expansion contract with a Florida school district to install its Mobile Data Collectors, 360 Surround Vision, and interior video systems on 21 additional buses. The contract, valued at approximately $180,000 plus monthly subscriptions, marks a significant growth in the district’s use of Gatekeeper’s AI-assisted video management services, expanding from 11 to 32 subscriptions. This development underscores Gatekeeper’s strengthening position in the market for school bus safety solutions, potentially enhancing its operational footprint and stakeholder value.
Gatekeeper Systems Inc. has secured a contract with a school district in Virginia to upgrade approximately 100 school buses with advanced video systems, Mobile Data Collectors, and Live View Wireless subscriptions. This contract, valued at around US$315,000 with additional annual subscription revenue, enhances the district’s ability to monitor and optimize fleet operations in real-time, potentially improving safety and operational efficiency.
Gatekeeper Systems Inc. has secured a contract with a school district in Indiana to equip approximately 100 school buses with video systems, Mobile Data Collectors, and video management software, valued at around US $333,000 plus monthly subscriptions. This contract marks a new customer acquisition for Gatekeeper, potentially strengthening its market presence in the school transportation sector and expanding its recurring revenue base.
Gatekeeper Systems Inc. has secured a contract with Marion County Public Schools in Florida to upgrade their fleet of approximately 300 school buses with new Mobile Data Collectors and video devices, alongside a subscription to AI-assisted video management services. This contract, valued at around US$783,000 with an additional US$93,000 annually for subscriptions, highlights Gatekeeper’s successful Platform-as-a-Service model, allowing recurring customers to easily upgrade to the latest video offerings, thereby reinforcing its market position in providing advanced transportation safety solutions.
Gatekeeper Systems Inc. has secured a contract with a Nevada school district to equip school buses with advanced video and data solutions, including Student Protector stop arm video and Mobile Data Collectors. This contract, valued at approximately US$523,000 plus recurring subscriptions, highlights the growing adoption of Gatekeeper’s AI-based video management software, which has seen a significant increase in school bus subscriptions from 300 to over 3,500 in the past year.
Gatekeeper Systems Inc. announced that its CEO, Doug Dyment, has restructured his shareholdings as part of a marital separation settlement, with 1,672,792 shares now registered as separate property. Despite this change, Mr. Dyment retains sole voting authority over these shares, maintaining beneficial ownership of 8,158,000 shares and 2,000,000 stock options, representing approximately 10.6% of the company’s shares on a partially diluted basis.
Gatekeeper Systems reported a revenue of $5.9 million for fiscal Q2 2025, reflecting a decrease from the previous year due to the absence of a large transit contract. However, the company’s regular business revenue grew by 22% for the quarter, driven by the school segment. Despite an operating loss, Gatekeeper secured significant new contracts and is expanding its customer base, particularly in the transit sector. The company is also increasing its Letter of Credit Facility to support potential large projects.