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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
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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
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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
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