Gatekeeper Systems Inc V.GSI

Overall a positive trend. Like the increase in GP.

[up2005]

The sales pipeline looks strong, they are diversifying into other avenues, we did get punched in the gut with top line revenue, BUT, we also have been fighting through extraordinary times. This would be a good time to accumulate into a TFSA and let it ride.

[NineLives]

In line with expectations, very pleased. GSI Revenue $2.7 mill Net profit $183k Eps 0.00 Trading at 36 cents Cdn Compare with REKR Revenue $2.6 mill Eps Negative -0.23 Trading at $4.65 Usd

[Dunworkin2]

Incredible gross profit margin, must be mostly (almost all) re-occurring revenue. That saved us. On the downside, that makes four consecutive quarters of YoY declining quarterly revenues. Need to turn this around soon. Not surprised that lack of transit use and lack of school bus drivers hampered progress. Hoping that this was just a delay and budgets will start spending on GSI products soon.

[Ciao]

Would like to know where the recurring rev is coming from. Transit or school bus biz? Perhaps its time for DD to do another interview with Small Cap Discoveries.

[Dunworkin2]

  I just took a listen to the attached from a year ago and I misspoke. Recurring revenue was 12-13% mostly from Septa I believe and the goal is to get it up to 50%. Not sure where they are at today. So the question remains, why such a high profit margin in Q1? Listen from 6:00 - 8:00 minute mark on recurring revenue. https://youtu.be/YXRDAvml8OE  

[Ciao]

Good to re-watch up to 10 min mark with 6 min start. Without any ALE or Clarity sales announced in Q1, I have no idea where there recurring rev is coming from.  

[Dunworkin2]

I think he mentioned 25,000 connected devices, growing by 5,000 a year. So, the recurring revenue must be coming from both sides; although that video focused on the Septa side.  Others can chime in if I'm off base. Agree that an updated video with Small Cap would be good.

[ronron]

Also pleased about staying profitable. We've had delays, but at least they can keep buying time without having to dilute shares unlike many of the "lifestyle" speculative companies that plague this exchange (although the price action on GSI.V looks like it's been losing money and diluting nonstop lol)

[fergus2]

And yet it hasn't hasn't 

[cranao44]

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