Profitable smart video stock locks in new revenue

• Gatekeeper Systems (TSXV:GSI), a smart video technology stock, secured a C$620,000 contract with an Ontario transportation agency to supply its Mobile Data Collectors and video systems on transit buses
• The contract brings the company’s transit customer base to more than 60
• Gatekeeper Systems offers intelligent video and data solutions for the transportation industry
• Gatekeeper Systems stock has given back 28.36 per cent year-over-year but remains up by 242.86 per cent since 2020

Gatekeeper Systems (TSXV:GSI), a smart video technology stock, secured a C$620,000 contract with an Ontario transportation agency to supply its Mobile Data Collectors and video systems on transit buses.

The contract, which also includes annually recurring services, brings the company’s transit customer base to more than 60, following:

• Two school bus contracts in Halifax, Nova Scotia.
• A C$955,000 OEM paratransit contract from Coach & Equipment Bus Sales in the U.S.
• A C$3.5 million maintenance and repair contract from the Southeastern Pennsylvania Transportation Authority.

“We are delighted to add another new transit agency to our growing list of transit customers,” Doug Dyment, Gatekeeper’s president and chief executive officer, said in a statement. “We look forward to working together with their team to help protect people in transit.”

Gatekeeper’s multi-bagger return since 2020 is well-deserved and the proof is in its income statements, which detail consistent growth in revenue and gross profitability to date, as well as positive net income over the past three fiscal years.

About Gatekeeper Systems

Gatekeeper offers intelligent video and data solutions for the transportation industry.

Gatekeeper Systems stock (TSXV:GSI) is up by 3.23 per cent on the news trading at C$0.48 per share as of 10:47 am ET. The stock has given back 28.36 per cent year-over-year but remains up by 242.86 per cent since 2020.

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(Top image: Gatekeeper Systems)