Gatekeeper Systems Inc V.GSI

Quick glance at the financial statements...

[Gord_Alberta]

Noting the financial statements are up to August 31, 2020.

Inventory (finished goods) increased from $1.5 million to $3 million...
The "revolving line of credit" was utilized; $1.4 million was advanced & owing. I suspect this is why the PP was seriouly considered.

These are relevant topics I hope are discussed Monday at the AGM.

[Ciao]

This supports why Q1 is robust, capital needed to support WIP.

[laurencelefou]

During the upcoming Annual General Meeting, I would like the CEO or the CFO to address the year over year growth in Trade and other receivables ($7,720,780; 2020 - $4,175,086; 2019).  Trade and other receivables is almost equal to Revenues for the fourth quarter of $7,732,074.   For the third year in a row, Gatekeeper was unable to generate positive cash flows from operating

[Ciao]

Big Q4 for revenues, trades and receivables go up as payment terms have not allowed them to get paid for what was shipped. That also affects cash flow.  The company's revenues have always been weighted towards H2.  Q4 was a blowout quarter for revenues. I don't see anything to be concerned about here, but go ahead and ask at the AGM.

[laurencelefou]

Unfortunately, Gatekeeper does not provide a schedule of overdue bill collection.   It is possible that Gatekeeper invoiced most of its fourth-quarter revenue during the months of July and/or August, and therefore has not yet collected the money.