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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 ronronon Apr 29, 2024 10:16am
144 Views
Post# 36012500

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

RE:RE:RE:RE:RE:RE:RE:New Press Release - Gatekeeper Reports $9.9M Revenue and $1.6M Net Income in Fiscal Q2 2024That 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's Q2. Many people knew Q2 2023 was going to be a tough quarter to match, it was the quarter that re-ignited everyone's confidence in Q2 after all so expectations were HIGH especially after a 2x run-up
Admittedly.. it'd definitely be nice if we had that nice round $10M+ revenue at least for a prettier headline, $9.9M feels like it's discounting the company

Another thing is the Cascades transit contract. I don't believe the market has digested that news properly yet since the reaction was definitely stunted with people waiting for earnings. I'm probably not alone in feeling that the stock price movement today doesn't worry me that much in light of the money being spent in transportation for the next few years, and GSI.V proving they're not just a one-trick pony and can fight for transit contracts outside of SEPTA

What I'm curious about is if this clarification about the company will be enough for institutions to enter a position, or if dropping back down under US$50 million market cap will leave them on the sidelines again for now. Many of us have probably bought so much and can't increase portfolio allocation any further as much as we want to, purely out of risk management.. Hopefully we don't have to wait for company to mature and rely on share buybacks for us to cash out lol, but it is another long-term exit strategy far far away if we don't get bought out, share buybacks can work for explosive price appreciation even for obscure companies with no excitement (e.g. DDS is the prime example ticker I always look at for that, which is basically Sears for southern US)
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