Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wow! How about this product just released by Gate Keepers?
Abbotsford, BC – August 4, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, today announced the launch of Intelligent Temperature Sensing System (ITSSTM), an intelligent infrared body temperature sensor system that incorporates a smart panel, thermal imaging and artificial intelligence to quickly and accurately measure the body temperature of passengers who board school buses and public transportation vehicles.
ITSS is a contactless system that can determine body temperature within 20 milliseconds using thermal cameras, artificial intelligence, and video analytics. Visual and audible alarms are triggered when temperature thresholds are exceeded. When passengers board a bus, the ITSS panel records body temperature within a range of 0.6-meters at an accuracy of +/- 0.5 degree Celsius.
The 7-inch ITSS panel is equipped with facial recognition capabilities to improve accuracy, and which also allows customers to pursue future applications such as intelligent passenger routing, contact tracing, passenger counting, or payment verification. The panel records images within 40 milliseconds and has storage capacity of 50,000 facial images.
“ITSS is the first product launch of the passenger health check solutions we are working on that are tailored to the enormous bus transport market. Each weekday in the US alone, more than 25 million school students and 18 million transit passengers board buses at locations that are primarily not stations, meaning that health screening tools are needed at the bus boarding point. ITSS allows transit and school bus agencies to provide a safer transportation environment for their passengers using technology similar to what is already being put in place by airports and airlines,” said Doug Dyment, CEO of Gatekeeper. “The ITSS solution is also an example of a new additional data layer that we are building out on our PaaS platform business model, and we are well equipped to do so.”
Over the past seven years Gatekeeper has installed approximately 28,000 intelligent devices on school buses, transit buses and trains, which forms the foundation of the Company’s Platform-as-a-Service (“PaaS”) business model which is centered around intelligent video devices that the Company is actively installing on public transportation vehicles and trains. The intelligent devices collect vehicle data such as video, audio, GPS, time, door open/close, and serve as the “black box” to aid in transit accident investigations. The video evidence data is also used by transit authorities to protect against fraudulent claims. The PaaS units are WiFi enabled, mobile connected, or mobile enabled, allowing public transport assets to become part of the intelligent transportation solution in a Smart City ecosystem.
The PaaS platform will also serve as the AI-based intelligence platform for future applications such as thermal camera sensors, passenger counting and contact tracing. The Company is actively evaluating additional solutions that will layer onto the PaaS platform, including new innovations that may be desired by transit authorities and Smart Cities during and following the COVID-19 pandemic, such as contact tracing, bus loading and intelligent routing.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video 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 inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. The Company’s Platform-as-a-Service (PaaS) business model is designed to connect moving vehicles in the era of Internet of Things (IOT).
www.gatekeeper-systems.com
Hi micro
Please send me your email in private message
Micro
Can you message me on the. Micro cap club ?
Hey Mike,
Still holding strong on AMPG. I would love to see them start landing contracts like Gate Keeper is.
I found a company on a volume alert a little over a month ago that I have been focusing on lately. Since we have a couple of the same stocks in common, it may be one worth you taking a look at. It is definitely wildcard but to be right on this one could produce a massive return.
The company is Pennexx Foods (PNNX). Their flagship product is a social media app called YSO ( Your Social Offers) that was launched back in the Spring. This app is a platform that allows businesses to market themselves with coupons and promotions thru social media.
There is a site map of the U.S. that shows the businesses that have signed up so far. I have been watching this very closely and it has been expanding rapidly over the last couple weeks. I wouldn't classify the app as going viral yet but if that does happen, I think this stock will explode.
BTW- the other companies the play in this space all have 1+ billon dollar market caps.
There is a lot of good information on Investorshub and the board is pretty active.
I wish you well with your investments and hope they all turn into multi-baggers for you.
Hi Micro x10
Any thoughts on AMPG?
I was buying as well on the pullback.
For me, a company like Gatekeeper is such a rare find in the OTC world. I want to make sure I take full advantage of this opportunity.
Thanks micrx10
Yes GKPRF is a hidden gem. I was a buyer during the recent pullback. Looking for the good news to continue.
Also, nice to see Gatekeeper secured a $3 million LOC to support the growth.
GATEKEEPER ENTERS INTO $3M REVOLVING CREDIT FACILITY WITH TD BANK AND PROVIDES UPDATE ON GROWTH
Abbotsford, BC – July 23, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, is pleased to announce it has entered into a revolving credit facility (the “Credit Facility”) with Toronto Dominion Bank pursuant to which Gatekeeper will be entitled to borrow up to CAD $3 million to support the Company’s growth.
Advances made under the Credit Facility will bear interest at a rate of prime plus 0.85% per annum and United States Base Rate (USBR) loans at a rate of prime plus 0.75%. The Credit Facility is intended to be used for general working capital purposes.
The Company recently filed its financial results for the nine-month period ending May 31, 2020, reporting nine-month revenues of $12.6 million, no long-term debt, and working capital of $7.7 million. Since May 31, 2020, the Company’s business has continued to grow, and outstanding receivables now stand at approximately $6.5 million. The Company expects this growth to continue and will utilize the Credit Facility as required to fund the continued growth.
Doug Dyment, President and CEO commented, “Our current accounts receivable balance is the highest in the Company’s history and is already approaching the level of what was full-year revenue just a couple of years ago. We accomplished this growth without any dilutive financings. I am delighted that a top tier bank, after completing their careful due diligence, has provided us with a credit facility on very favorable terms during this period of heightened global economic uncertainty. It speaks to the solid foundation and promising growth outlook of our company.”
The Credit Facility is secured by a General Security Agreement (GSA) for Gatekeeper Systems Inc., representing a first charge on the Company’s present and after acquired personal property, and a Uniform Commercial Code Security Agreement (“UCC”) for Gatekeeper Systems USA Inc., among other customary guarantees, and is repayable upon demand. The initial drawdown under the Credit Facility is subject to satisfaction or waiver of certain conditions precedent customary for a financing of this type.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video 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 inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. The Company’s Platform-as-a-Service (PaaS) business model is designed to connect moving vehicles in the era of Internet of Things (IOT).
www.gatekeeper-systems.com
Contact Information
Douglas Dyment
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187
I had a feeling something was going on today with the volume pop. And sure enough, another contract.
Just amazing how fast Gatekeeper is growing. I don't think this is going to stay a hidden gem for much longer.
GATEKEEPER EQUIPS SCHOOL BUSES IN ONTARIO THROUGH 3RD LARGEST SCHOOL TRANSPORTATION PROVIDER IN NORTH AMERICA
Abbotsford, BC – July 23, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, is pleased to announce it has been contracted through Student Transportation of Canada to equip buses in Ontario with intelligent video recording solutions.
Student Transportation of Canada (STC) is the Canadian division of Student Transportation of America, North America’s third largest school transportation provider, and operates over 16,000 vehicles for over 325 school districts across North America.
Through contracts with STC, Gatekeeper will equip over 70 buses in the Niagara and Peel regions of Ontario for the French first language school bus consortium “Francobus”.
Doug Dyment, President and CEO commented, “STC has become an important customer recently, and several of our recent contracts in Nova Scotia and Ontario have been through them. We are incredibly pleased with this developing relationship.”
The use of video on school buses is growing rapidly and Gatekeeper has significant experience in supplying cameras for school bus safety. During its operating history, the Company has sold over 100,000 cameras that are being used to help protect children while riding to and from school.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video 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 inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. The Company’s Platform-as-a-Service (PaaS) business model is designed to connect moving vehicles in the era of Internet of Things (IOT).
www.gatekeeper-systems.com
Contact Information
Douglas Dyment
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187
Agreed Wish I had some cash to jump in.
Thew future is very bullish
The MMS are deliberately walking this stock down by continuously moving the Ask lower than the current PPS.
Looking at below 40 cents as a gift. Been buying.
I see it trading way above the 40 cent level short term.
Hello Mike,
Good find on TOMZ! Especially, if you got in early.
The rate GKPRF is adding new contracts and expanding thru the US, I think there is a good chance GKPRF's chart will look just like TOMZ's in another 3 months.
Hi micro x10
Looking awesome!!
Look at TOMZ They make disinfectant spray, Steramist for COVID
Very impressive! I think they will continue to build on these results.
Gatekeeper is showing no signs of slowing down.
Nice to be in two stocks right now that have the potential to be multi-baggers.
News: $GKPRF Gatekeeper Reports $5.65M Revenue, $1.3M Net Income in Fiscal Q3 2020
Abbotsford, British Columbia--(Newsfile Corp. - July 6, 2020) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) (FSE: 1GK) ('Gatekeeper' or the 'Company') a leading provider of intelligent video solutions for public transport and smart cities, reports its financial results for the thre...
Find out more GKPRF - Gatekeeper Reports $5.65M Revenue, $1.3M Net Income in Fiscal Q3 2020
Just reported Q 3 Really nice. IMO we definitely break 40 cents and go towards 60 cents short term.
Gatekeeper Reports $5.65M Revenue, $1.3M Net Income in Fiscal Q3 2020 Net income .01
Looks like they tried to walk the price down with a couple of 200 share trades towards the end of the day. Lol
News: $GKPRF Gatekeeper Upgrades Video Systems for School Buses with High Back Seats in West Virginia
(via TheNewswire) Abbotsford, BC - TheNewswire - June 30, 2020 - Gatekeeper Systems Inc. ('Gatekeeper' or the 'Company') (TSXV:GSI) (OTC:GKPRF) (FSE:1GK) a leading provider of intelligent video solutions for public transport and smart cities, reports that it has compl...
Got this from GKPRF - Gatekeeper Upgrades Video Systems for School Buses with High Back Seats in West Virginia
Good news keeps coming!
This is setting up very nicely.
With the stock price at an all time high, there are no investors underwater on GKPRF, which should equate to very little resistance in keeping this from moving higher.
GATEKEEPER STOCK REACHES ALL-TIME HIGH THANKS TO SEQUENCE OF NEW CONTRACTS
June 27, 2020 Leave a comment
Investors who bought shares of Gatekeeper Systems (CA:GSI – $0.39 & US:GKPRF – $0.29 & GER:1GK – €0.26) when we first recommended the stock in September 2018, are now smiling all the way to the bank. The stock this week reached a new all-time of $0.46, more than four times the price at which we first featured the Company.
Although the stock had already doubled about a year after first recommending it, it doubled again in recent weeks as the Company announced one contract after another. The pace at which Gatekeeper is gaining new business is simply overwhelming and the market has finally noticed this fast growing Artificial Intelligence (AI) & Video Analytics provider.
This week, Gatekeeper first announced that it received purchase orders from several school districts in Florida to install or retrofit video solutions on 260 of their school buses. Two days later, investors found out that Gatekeeper sold 70 intelligent video recording solutions, which are to be installed on brand new buses of a US transit agency.
With advancements in technology, the role of buses has become more and more comprehensive, from merely transporting people to security incorporated vehicles. In fact, location-based tracking, attendance assurance and real-time video surveillance of both interior and exterior of the vehicle are among the most discussed requirements for bus safety today.
Noteworthy is that these two latest deals make it even more obvious that Gatekeeper is getting traction in different regions in the US. Just last week, the Company signed an impressive deal with the 436th Airlift Wing at Dover Air Force Base. And two weeks ago, GSI announced a $270,000 CDN contract in the state of Virginia to install or upgrade intelligent video solutions for school bus interiors in four school districts. This is all in addition to its already nationwide presence in Canada, where the Company does business in all ten provinces.
OEM Supplier
Also noteworthy about Gatekeeper’s most recent deal is that the 70 systems will be factory-installed by a transit bus manufacturer. Although the exact manufacturer wasn’t mentioned by Gatekeeper, it is an important step to become the original equipment manufacturer (OEM) of intelligent video recording solutions to a transit bus manufacturer, as it opens the door of possibility that the transit bus manufacturer could select Gatekeeper for their other transit customers.
“Being an OEM supplier is an important milestone for us and we are very encouraged by the increasing adoption of our PaaS platform for Smart Cities in the transit market” commented Doug Dyment, President and CEO. “We are seeing increasing interest from transit authorities as they seek technology solutions that improve passenger safety and transit efficiency, as cities reopen following COVID-19 lockdowns.”
Gatekeeper’s Platform-as-a-Service (PaaS) business model is centered around its intelligent video devices that the Company is actively installing for transit authorities on multiple transportation modes. The intelligent devices collect vehicle data such as video, audio, GPS, time, door open/close, and will also serve as the AI-based intelligence platform for future applications such as thermal camera sensors, passenger counting, and video enforcement to capture the license plates of vehicles driving in the bus lane or illegally passing streetcars while passengers are loading or unloading.
Gatekeeper’s PaaS units are WiFi enabled and mobile connected, allowing public transit assets to become part of the intelligent transportation system in the Smart City ecosystem. The PaaS units also serve as the “black box” to aid in transit accident investigations.
Not the End of the Ride
Is it too late to buy shares of Gatekeeper Systems now that its stock has quadrupled? We feel it isn’t. Knowing that in about a month, the Company will publish its third quarter financials for the three months ended May 31, 2020. We have every reason to believe that these will be very solid numbers.
Remember that during the first six months of the fiscal year, ended February 29, 2020, Gatekeeper’s revenue grew 53% from $4,538,297 to $6,931,041. Moreover, its net income turned from a net loss of $1,142,904 to a net profit of $90,219. In fact, Gatekeeper has recorded positive net income in three of the last four quarters with a narrow loss in Q1 2020. Its net income for those last four quarters combined is $856,000.
On top of that, the outlook for the Company remains outstanding. Gatekeeper’s Platform as a Service (PaaS) strategy provides its customers with multiple services from Mobile Artificial Intelligence (MAI™) for smart city applications to end to end high definition video and data management solutions. This strategy is getting more and more attention of transit authorities throughout North America.
The valuation measure for Gatekeeper is beginning to change as it builds out its PaaS platform for intelligent transportation solutions. For example, Tesla is now valued as a data company, not a car company. Likewise, Facebook is now valued as a data company, not a social media company. We believe that Gatekeeper will be valued as data company, not a camera company, as it builds out its PaaS platform.
Currently, we have a price target on Gatekeeper’s shares of $0.69. This number could very well increase when third quarter financials are as positive as we expect them to be. Smallcaps Recommendation: BUY.
Smallcaps.us Advice: Buy Price Target: $0.69 Latest Company Report (pdf)
For important disclosures, please read our disclaimer.
Abbotsford, BC – June 17, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, reports it has received a contract from the 436th Airlift Wing at Dover Air Force Base to supply 360-degree camera technology which will be used to provide drivers with real-time video imaging of complete vehicle surroundings in certain vehicle applications.
Dover Air Force Base is a United States Air Force base in Delaware. Dover Air Force Base and its host unit, the 436th Airlift Wing, run the busiest and largest air freight terminal in the Department of Defense. The 436th Airlift Wing works around the clock to transport personnel and cargo to all corners of the world in fulfillment of its rapid global mobility mission.
Gatekeeper has a history of providing specialized technology solutions to the United States Air Force. Gatekeeper has previously equipped the Air Force AC-130 gunship with high-definition digital airborne video recorders that interface with the L3 Wescam MXTM 15Di digital multi-sensor, multi-spectral airborne imaging systems.
Gatekeeper CEO Doug Dyment stated, “We are thrilled that the United States Air Force has awarded this contract for our 360-degree camera technology. Our long-standing business relationship with the Department of Defense is an indication of the quality that Gatekeeper delivers, and we look forward to increasing our future business in this sector.”
Gatekeeper’s 360-degree camera solution provides the driver with 360-degree real-time imaging, which can be automatically activated using the systems configuration feature. The 360-degree view is displayed within the vehicle’s specialized rear-view mirror system, allowing drivers to monitor the complete surroundings of a vehicle to
Thanks Mike!
I will check them out.
Also, see below. Found on the yahoo message board this morning.
This explains where the volume was coming from on the the Canadian Exchange. Very impressive vote of confidence by the CEO.
Richard f H13 hours ago
Why is yahoo not mentioning the news that some days ago this company also closed a new deal with the defense department. which makes that they are entering a new market. This company is currently extremely healthy, has a great cash balance, many new orders, Covid resistant, a CEO that purchased almost 2.900,000 shares recently.
This company will be worth hundreds of millions within 2 to 3 years.
Bullish
micro x10
Great Minds Think Alike LOL
Take a look at SPSO.
They are a new company in the Solar business waiting on audited financials. Before Covid they had close to a $50 million backlog in business.
Also check out TOMZ They make Steramist which is a patented Disinfectant for COVID. Let me know your thoughts
Hey Mike,
Glad to see you are in this one as well.
In my opinion, Gatekeepers seems to be a hidden gem.
1. Growing Revenues.
2. Turning profitable.
3. 36% inside ownership.
4. Being in the security business, especially in today's world, is a big
positive.
I don't know if you happened to notice, but I am pretty sure GKPRF closed at an all time high today.
I still like AMPG. The Company just needs to focus on the business and not their stock price. As you have mentioned before, if they could just land a new contract or some new revenue stream, this could move up pretty quickly. Especially, with only a $2 million market cap.
Hi micro x10.
Good to see you from the AMPG board
Do you think both are buys at these levels
I’ve been buying Gatekeepers but wondering if it’s time to accumulate Amplitech
Volume coming from the TSXV Exchange (GSI.V). Either way, nice to see this one finally getting noticed and gaining traction.
Another great day. This one makes some big moves on low volume.
Another nice day so far for GKPRF
That would work for me.
In a couple years we should be bought out. Probably at $6
GLTY. I also think this is a sleeper. Will hang in there for long term too. No expectations of near-term growth. I am up about 50% took enough off table to let the rest ride for a couple years.
I own this on the tsx venture exchange in Canada. Good little hidden gem. Into it for 125000 now. Will closet eyes and sleep for 2 years. Then comes Phillips and buyout. Lol. Last play in this arena was bought for $11 a share by Phillips. Crazy potential.
Chosen as top 50 TSX Venture winner for 2017.
http://www.gatekeeper-systems.com/index.php/corporate-investment/283-pr2017-02-01
Will take a lot more interest to move stock on OTC side but company seems to be doing well.
Nice. Been in for a long time. Happy to see more volume. Bullish and long $GKPRF. Not expecting overnight miracles but a couple more quarters like this one should really garner attention from big money.
Dyment is just getting this bus out of the parking lot...
This was their latest 10 Q released today.
Corporate/Investment
2016-07-12 -NR - Gatekeeper Achieves 113% Revenue and 147% Gross Profit Increase in Third Quarter
Tweet
INVESTORS NEWS
FOR IMMEDIATE RELEASE
Gatekeeper Achieves 113% Revenue and 147% Gross Profit Increase in Third Quarter
Abbotsford, BC July 12th, 2016 - Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX.V:GSI; OTC: GKPRF; FSE: 1GK) announces that it has filed its financial statements and management’s discussion and analysis for the three and nine months ended May 31, 2016, available for viewing on www.sedar.com. All figures are expressed in Canadian dollars unless otherwise stated.
Financial Highlights
Revenue during the three months ended May 31, 2016 increased by 113% and improved to $3,103,333 as compared to $1,455,537 during the three months ended May 31, 2015;
Revenue during the nine months ended May 31, 2016 increased by 66% and improved to $5,784,915 from $3,475,564 during the nine months ended May 31, 2015;
Gross profit during the three months ended May 31, 2016 increased by 147% and improved to $1,541,440 from $623,911 during the three months ended May 31, 2015;
Gross margins during the nine months ended May 31, 2016 improved to 50%, compared to 44% during the nine months ended May 31, 2015, representing a 6% gross profit margin increase;
As of May 31, 2016, the Company had cash and cash equivalents of $1,735,738 and working capital of $2,276,793;
Net income for the three months ended May 31, 2016 was $322,078, compared to a loss of $215,984 during the three months ended May 31, 2015; and
EBITDA for the three months and nine months ended May 31, 2016 were $362,154 and ($136,765), respectively.
BUSINESS UPDATE
During the second quarter, the following notable events occurred:
Secured $1.5 million USD non-dilutive credit facility;
Issued first citation under five-year revenue sharing contract at Jones County, GA;
Increased total number of cameras shipped by 51% compared to same period 2015;
Increased total number of mobile digital recorders shipped by 35% compared to same period 2015;
Stop-arm camera evaluation sites increased to 20 representing approximately 5,000 buses;
Completed new features for Traffic Infraction Management cloud software; and
Launched stop arm camera programs in Washington and Illinois.
The Company’s base business continued to drive sales in the third fiscal quarter with a record sales climbing to over $3.1 million CDN. Sales increase is primarily due to an increase in camera sales and mobile digital recorders of 51% and 36%, respectively, as compared to the same period in fiscal 2015.
Stop-arm camera evaluation sites increased from sixteen to twenty over the last quarter, representing 1,543 buses owned by various school districts. Gatekeeper is in the process of working with school districts, law enforcement, and judicial systems in an effort to close evaluation sites, moving to shared revenue contracts.
The Company executed on its first five-year revenue sharing contract (the “Contract”) in the stop-arm camera business with Jones County School District in Georgia. Equipment was installed April 16th and 17th, 2016 with a Press Day on April 27th, 2016. Pursuant to the Contract, Gatekeeper will receive 50% of the revenue from each citation issued with 25% shared with the school district and 25% shared with Jones County. Stop-arm violation fines in Georgia are $300 USD for first time offence, $750 USD for second time offence and $1,000 USD for each subsequent offence. The Company anticipates receiving proceeds from ticket citations prior to the end of the current fiscal year.
There is an estimated 13 to 15 million stop-arm violations in the United States with legislations now passed in thirteen States that allow video enforcement technology to be used to issue citations.
PRODUCT NEWS
During the third quarter the engineering team completed the following:
TIMTM Private Portal went live and includes the following features:
Creation of incidents
Review of evidence by police
Printing citations
Mailing citations
Tracking the status of citations
TIMTM Public Portal for violators to review the evidence of the stop arm violations and pay the fine or request a court date went live
In-house Hosting Infrastructure for TIMTM Cloud Based Incident Processing was fully set up. All networking was put in place and the high speed internet was upgraded with multiple IP address capability, redundant fail over and backup systems, providing the company a hosting environment built on a reliable backend infrastructure for the stop arm camera business
First stop-arm violation citation was issued in Jones County
The result of the above is that the company went live in May 2016 with its Jones County stop arm camera project proving a total incident management solution for evidence capture, approval, citation generation and collections
MOVING AHEAD
The Company continues to plan for expanding sales in multiple markets including the stop-arm camera and body camera markets, as well as the transition of analog cameras to high-definition.
To date, Gatekeeper has been working towards the following initiatives:
Working with strategic software and alliance partners to build Gatekeeper brands in law enforcement as well as other mobile markets;
Executing on revenue sharing programs with Gatekeeper’s stop arm cameras and Ticket Infraction Management software;
Transitioning stop arm camera evaluation projects to revenue sharing contracts; and
Expanding distribution of Gatekeeper’s high-definition products in the Company’s base business.
Doug Dyment, President and CEO commented, “The third quarter revenue increase and profitability are indicators that we are successfully executing on our business strategy. During the third quarter we continued to allocate more resources to our base business in an effort to achieve profitability while at the same time we continued to move forward finalizing software features for our Jones County revenue sharing contract in Georgia. The Jones County project is our first five-year revenue project. We executed on our plan to begin issuing citations before the summer break. We currently have 20 additional stop-arm camera projects in the evaluation phase, and are in the process of negotiating several revenue sharing contracts.”
Dyment also added, “During the third quarter we were successful at executing delivery of products caused from the large backorder, which is directly attributed to the efforts of all Gatekeeper employees who have showed a strong commitment to the Company for many years. On behalf of management and our shareholders we thank them for their efforts and look forward to growing the Company together.”
Summary of Financial Results and Information
Three months ended
% change
Nine months ended
% change
May 31,
2016
May 31,
2015
May 31,
2016
May 31,
2015
Revenue
$ 3,103,333
$ 1,455,537
113%
$ 5,784,915
$ 3,475,564
66%
Cost of Sales
$ 1,561,893
$ 831,626
88%
$ 2,903,812
$ 1,951,674
49%
Gross Profit
$ 1,541,440
$ 623,911
147%
$ 2,881,103
$ 1,523,890
89%
Expenses
$ 1,035,642
$ 842,549
23%
$ 2,951,357
$ 2,480,327
19%
Operating Income (Loss)
$ 505,798
$ (216,638)
(333%)
$ (70,254)
$ (956,437)
(93%)
Net Income (Loss) for the period
$ 322,078
$ (215,894)
(249%)
$ (189,145)
$ (889,303)
(79%)
Earnings (Loss) per share –
Basic
$ 0.01
$ (0.01)
$ (0.00)
$ (0.02)
Diluted
$ 0.01
$ (0.01)
$ (0.00)
$ (0.02)
May 31,
May 31,
May 31,
May 31,
2016
2015
2016
2015
Total Assets
$ 3,362,720
$ 1,753,296
$ 3,362,720
$ 1,753,296
Total Liabilities
$ 922,218
$ 1,031,458
$ 922,218
$ 1,031,458
Total Shareholders’ Equity
$ 2,440,502
$ 721,838
$ 2,440,502
$ 721,838
Financial Reports
Full details of the financial reports and operating results for the three and nine months ended May 31, 2016 are described in the Company’s condensed interim consolidated financial statements with accompanying notes and related Management’s Discussion and Analysis. These documents and additional information on Gatekeeper are available on SEDAR at www.sedar.com.
About Gatekeeper Systems Inc.
A TSX-V Company since 2013, Gatekeeper Systems Inc. has provided total mobile video security solutions to over 3,500 customers and has installations in every state and province in North America. Customers include school districts, public transit, law enforcement and military.
For more information visit: www.gatekeeper-systems.com.
On behalf of the Board,
Douglas Dyment
President & CEO
Neither the 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.
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 May 31, 2016. 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.
2016-07-12 -NR - Gatekeeper Achieves 113% Revenue and 147% Gross Profit Increase in Third Quarter
Home
Products
Markets
Support
Investors
Press-Media
Case Studies
Contact
Login
© Gatekeeper-Systems Inc. All Rights Reserved.
I've been in and added more today.
Hi I'm excited to be long and repping GKPRF. I believe that they will announce Quarterly Earnings this coming week on July 12th or 13th. They should show some good top and bottom line growth
I believe that GKPRF is a screaming buy at 11-12 cents
Followers
|
12
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
120
|
Created
|
07/10/16
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |