- In its fiscal Q1 2025 financial results, smart video and data technology stock, Gatekeeper Systems (TSXV:GSI) had news to share with investors
- Gatekeeper reported C$7,283,636 revenue for the quarter, a decrease from C$9,824,743 in the same period last year
- Operating profit for the quarter was C$32,585, a significant drop from C$2,118,992 in the previous year
- Gatekeeper Systems stock (TSXV:GSI) last traded at $0.52
In its fiscal Q1 2025 financial results, smart video and data technology stock, Gatekeeper Systems (TSXV:GSI) had news to share with investors.
Financial highlights
- Revenue: Gatekeeper Systems reported revenue of C$7,283,636 for the quarter, a decrease from C$9,824,743 in the same period last year.
- Gross profit: The company’s gross profit was C$3,155,995, compared to C$4,778,045 in the prior year. The gross margin as a percentage of revenue was 43 per cent, down from 49 per cent in the same period last year.
- Operating profit: Operating profit for the quarter was C$32,585, a significant drop from C$2,118,992 in the previous year.
- Total comprehensive income: Total comprehensive income was C$576,093, compared to C$2,341,112 in the same period last year.
- Cash and cash equivalents: As of November 30, 2024, the company had cash and cash equivalents of C$8,262,280 and working capital of C$17,273,619. The company reported no borrowed-money debt and approximately 93.7 million shares outstanding.
Leadership commentary
“During Fiscal Q1 2025 we continued to solidly advance the business and invest in our infrastructure in alignment with growth,” Doug Dyment, Gatekeeper Systems’ president and chief executive officer, said in a news release. “We developed new technology, launched new products, expanded our customer base, and added personnel with specific industry expertise. These business developments are corroborative with the complexity and size of the systems and customers we are currently interacting with.”
This comes on the heels of the company’s previous report where the team declared in December that it had delivered its third straight yearly profit.
About Gatekeeper Systems
Gatekeeper Systems is a provider of intelligent video and data solutions designed to enhance safety and operational efficiency for public transportation and smart cities. The company’s innovative products and services help transit authorities and municipalities improve passenger safety, reduce operational costs, and enhance overall service quality.
Gatekeeper Systems stock (TSXV:GSI) last traded at $0.52 and has lost 11.86 per cent since this time last year.
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(Top photo of a Gatekeeper Systems camera: Gatekeeper Systems)