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Gatekeeper Systems Inc V.GSI

Alternate Symbol(s):  GKPRF

Gatekeeper Systems Inc. is a Canada-based provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. It uses artificial intelligence, video analytics, and mobile data collectors to inter-connect public transportation assets within a smart city ecosystem. Its platform-as-a-service business model is centered around wirelessly enabled mobile data collectors which forms the foundation of its data company evolution. It engineers, manufactures and distributes high-definition mobile video and data solutions for a range of markets including school districts, law enforcement, public transit authorities, as well as the United States military. Its video management and video analytics software may be used in mobile or desktop applications for managing video evidence of incidents. Its solutions include Purchek, Business Intelligence, CartControl and CartManager Ultra.


TSXV:GSI - Post by User

Post by IDLE_iion Nov 13, 2020 11:11pm
871 Views
Post# 31900478

Keep in mind - UNSOLICITED FINANCING

Keep in mind - UNSOLICITED FINANCINGDoug Dyment, chief executive officer of Gatekeeper, commented: "While we work diligently to close the financing, I would like to remind our shareholders that the fundamentals of our business have never been stronger. This financing was unsolicited, and its closing does not impede the operations of the company. We have reported nine consecutive quarters of record-breaking growth and in our latest fiscal quarter (Q3 2020) we reported revenue of $5.6-million, net income of $1.3-million and working capital of $7.7-million. We also secured a $3-million credit facility with TD Bank in July, 2020, which is currently not utilized. The subscribers have been unwavering in their commitment to complete the financing and they are appreciative that the company is accommodating the unexpected additional time that they have required to close."
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