Gatekeeper Systems Inc V.GSI

New Press Release - Gatekeeper Reports $9.9M Revenue and $1.6M Net Income in Fiscal Q2 2024

Abbotsford, British Columbia--(Newsfile Corp. - April 29, 2024) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ('Gatekeeper' or the 'Company') a video and data solutions provider for public transportation and smart cities, reports its financial results for the three and six months ended...read article.

[Ciao]

immediate question to be answered is: did some of the $5M SEPTA contract get pushed to Q3?

[Ciao]

My bad, looks like it was

[RogersBulll]

How do you know it was?

[Ciao]

It's in the NR. Still over 6 months, rev up 37% net income has more than doubled over the same period. 

[Ciao]

Large increase in expenses due to: salaries, rent and office: a portion is likely due to the new data center. Not a blockbuster quarter, but the market didn't expect much. Still on track for 2024 EPS of .07. 

[davewho]

margins are very good Gross margin for the three months and six months ended February 29, 2024 was $5,087,631 and $9,865,676, respectively, compared to $4,545,579 and $6,091,697 for the same prior year comparable periods, representing an increase in gross margin of 12% and 62%, respectively. Gross margin as a percentage of revenue for the three and six months ended February 29, 2024 was 52% and

[davewho]

Gatekeeper is exploring opportunities to partner with customers who have expressed strong interest in adopting specific video analytics applications that can provide facial recognition, people counting, detection of potholes, automated ticketing of parking violations, and driver behavior monitoring. The Company also believes that AI has the future potential to transition conventional mobile video

[CPA2012]

Highest revenues in the company's history IS a blockbuster quarter. Only in your skewed reality of setting exceedingly high estimates is it a so-so quarter. Increased expenses are harbinger of high-margin profits in the near future.

[ronron]

That was my impression as well, but clearly there's still lots of shareholders eager to take their 2x gains. Key points I see here is increasing gross margin (first time over 50% irrc) and of course the profitability (especially for the smallcap sector where stock dilution is rampant) we take for granted nowadays from GSI.V and actually matching (slightly exceeding) the revenues from last year

[sjlpc123]

Where in the NR exactly? Read several times, guess I just have bad eyes

[Ciao]

It's hard to interpret this, but the contract could have been completed after Q2 as the NR also mentions the new rail contract that was awarded after Q2, we need some clairifcation from GSI "In the transit segment we announced completion of a major transit contract, and announced a new contract to equip passenger train locomotives with video and storage devices that are now regulated to

[sjlpc123]

Yep...."timing outside control"