Gatekeeper Systems Inc V.GSI

Q3 downgraded FINS Review (3/5)

[WolfOakville]

"Now it will be a very long time until you report your annuals and investors will have this waft of **** lingering in the air until Christmas."

Link to full review below:

Q3 FINS Review

[ramman1]

Maybe look at some tier2 numbers for real conclusion.-----Take away the 9 million Septa contract ,completed in Jan /24 with revenue assigned numbers ,  and the 2.4 mil annual Septa maint contract ,--O/K  ( 3.5mil + .6 mil) for Q1 , (3.7 MIL + .6 MIL) for Q2 , and  ( .5 MIL+ .6MIL ) for Q3 .------- What you have left after each subtraction, is what GSI has done in revenue each Q

[Ciao]

Ramman1, it looks like someone put a bug in Doug's ear and he has gone on a full court press to increase sales with more sales staff. I would like to know how many additional sales staff there are now compared to the previous year, previous quarters.

[ramman1]

I dont have the manpower  figure ,HOWEVER: Yes,finally a big push to increase sales with a significant effort .--I have no problem with the investment in sales/marketing whatsoever,''long overdue''.-------  Now after a very short intigration period, results should be noticed on a large scale ,and thats great news. 

[WolfOakville]

Tbh, I'm not even sure if this is bullish or bearish.

[ramman1]

Just reading through (again) , and thinking about Wolf's Fins review . -----Be a great time for our man to buy 2 or 3 hundred thousand shares at the close today ,to get things ''on the rise''. ------  Wolf notes, no activity for quite a long time . Today is an ideal time . 

[WolfOakville]

He does have that sizeable bonus

[Ciao]

I believe the bonus was already paid in full. I consider your FINS review to be neutral. At some point the valuation needs to be considered.

[ramman1]

I like Wolf's review . It's balanced ,touches on  virtually all that can be debated. ''GOOD WORK''.---  I like Ciao's ''neutral conclusion''.  ---Lets get these sales ,let's get the MDC's program going further,let's get the ''steel wheel '' contracts rolling in .----  Lumpy  revenues, strictly by way

[Ciao]

Agreed. Could revenues increase by 15 -20% annually without SEPTA? One thing I find hard to quantify is that Doug has stated that hardware sales per unilt vehicle have increased substantially over the years. If one removes the one time SEPTA contracts, what do we see? I don't think we have any data to show this.This would likely affect proportionally new vehicle installs rather than upgrades

[WolfOakville]

Bonus was indeed paid, so slapping the ask would be a welcome sign. Neutral would be a correct assessment & valuation is always considered.