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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 RogersBulllon Jun 21, 2022 12:48pm
346 Views
Post# 34771663

Q3 and Q4 Outlook

Q3 and Q4 OutlookI personally think we should have two really good quarters back to back. Here are my thoughts. 

Q3:
Historically we have always seen business in Q3 at least $3 million on average. 202 was higher due to the SEPTA contract and 2019 had a bit of that as well. ($3.8 2021) ($5.5 2020) ($4.3 2019). 

We know that in Q3 we signed $1 mil of Wifi contracts and a $1 mil SEPTA upgrade. So conservatively, I am thinking we will do at least $5 million in sales. This will be close to tying or potentially beating our record of $5.5 million. 

Q4: 
Historically we have always seen the highest revenue in Q4 and I think this year will be no exception. We average at least $5 million. ($5.2 2021) ($7.8 2020) ($5 2019). 

We know that in Q4 we signed a $5 mil upgrade (to be completed by September) so most of this contract will be billed in Q4. Lets say 60% to be conservative. So $3 mil. Plus. We got National Express, but we don't know how to value this. Maybe an extra $500k at least for the quarter? This is questionable but could be much larger. We also got Alberta for 170 buses (x$4k per bus = $680k at least I think). 

Therefore I am thinking we could see Q4 be the largest in history at around $9 million. 


Year End:
I think by year-end, given these assumptions, we could see total revenues of $19.8 million and basically match our record in 2020. However, I am hoping these assumptions are too conservative and more of the SEPTA contract is billed, the Alberta deal is larger, and National contributes more than nothing in Q4. 

I think this could end up being a good year, and we will have a good indication of such by the end of July with Q3. 

Anyway, would love to hear some feedback and I trying to get the conversation flowing as I think this company is in a great spot for future growth. GLTA
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