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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 Gulliver1909on Nov 03, 2024 7:06am
161 Views
Post# 36294103

RE:4Th Quarter Earning due

RE:4Th Quarter Earning dueI agree.

Last year they reported the numbers in late December... Hopefully earlier this year.

With 11.5 million cad revenue and a 50 % gross margin (as in the first 6 monts of the year) the gross profit should be around 5.7 million cad in the 4th quarter.

When substracting 3.7 million cad opex it would leave Gatekeeper with 2 million cad operating profit in Q4.

That leads to 5 million cad profit for the business year 2023 or 5 cents per share (fully diluted 100 million shares). Plus 10 million cad cash in the bank and no debt.

At 20 times earnings plus cash the fair value would be around 1.1 cad per share!

But of course nobody cares about 2023 anymore....

If Gatekeeper can grow the revenue to 50 million cad this year (35 % growth rate again with 50 % gross margin repeated) and opex growing half as fast as revenue (18 %), operating profit could be as high as 9 million cad. Fair value then would be near to 2 CAD per share I think.
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