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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

Comment by TopStockBuyon Jul 26, 2021 10:10pm
147 Views
Post# 33608620

RE:Question Re: Foreign Exchange Expense

RE:Question Re: Foreign Exchange ExpenseI'm not an accountant but my basic understanding is a company can record foreign exchange gains/losses when the currency fluctuates on sold goods in another currency.  If they sell goods in US dollars and the CAD dollar increases by the time they are paid, they can record an exchange loss and vice versa.  The CAD dollar has increased a fair amount this year so it's normal to see exchange losses.  ...a 10% rise in CAD on $3M in sales and there's your 300k loss.
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