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Bullboard - Stock Discussion Forum 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... see more

TSXV:GSI - Post Discussion

Gatekeeper Systems Inc > New Investor Slides
View:
Post by RogersBulll on Oct 15, 2024 2:13pm

New Investor Slides

With the new slides, here are some key takeaways:

1. Revenue has grown from $17.2 mil ($12 mil K-12 and $5 mil in transit and recurring) to over $37.5 mil in 2024 ($22.5 mil K-12 and $15 mil in transit and recurring)

2. Revenue in the K-12 market has been positive and growing for 7 consecutive years

3. Doug always mentioned that K-12 would be a big driver of growth, and this slide validates that this is where our largest revenue contributions have come from. I believe K-12 is where we will drive consistent revenue growth in 2025/2026/etc.

4. Any new transit authority will provide a significant bump in revenue given we have a consistent base with SEPTA and growing K-12 revenues

5. MDC's have been growing at a faster rate recently. For example, # of MDC's added
  • 2021 - 4,000
  • 2022 - 6,000
  • 2023 - 6,000
  • 2024 - 9,000 - This shows that we are seeing good growth in number of vehicles onboarded with our MDC and future potential for recurring revenues
6. Doug has been constantly letting us know revenue per bus is climbing, so it makes sense to see our revenue so high given the higher rate of MDC adoption and the higher revenue per bus

7. A 7-year timeframe CAGR at around 30% per year. This is extremely solid growth over a 7-year period.

Conclusion: I have very rarely ever found a micro-cap stock with a clean balance sheet, no debt, cash on hand, positive net operating margin, positive and accelerating revenue growth, access to TD credit facilities, and a CAGR of 30%+ over a 5+ year time horizon. I hold a large position, and these kinds of numbers are what give me comfort in doing so. No business is without challenges, but from a risk/reward perspective, I like this one.
 
GLTA
Comment by 1bananaman on Oct 22, 2024 9:02pm
        Having read and reread your post a few times, am thinking 5 total, feeling blessed to be on a stock with moral fiber, and growth in a niche industry! Every tine you place a post it seems you are speaking DD's real truth of his unguarded feelings on where GSI is at in this moment He has to be cautious in the media but must be elated now today with his vision. On to ...more  
Comment by davewho on Oct 23, 2024 12:56pm
I think DD has that covered. GSI's US business is serviced from the US location which does assembly of hardware, service and installs. Plus the new data center is in the US.
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