- Video and data technology stock Gatekeeper Systems (TSXV:GSI) has added C$3 million in purchase contracts from a student transportation services company, which will see it install Mobile Data Collectors and video solutions on approximately 1,400 school buses
- A history of profitable growth and a presence in every U.S. state and Canadian province make it a serious candidate for your next investment
- Gatekeeper Systems is an intelligent video and data solutions provider with a focus on public transportation and smart cities
- Gatekeeper Systems stock has gained 77.50 per cent year-over-year and 610 per cent over the past five years
Video and data technology stock Gatekeeper Systems (TSXV:GSI) has added C$3 million in purchase contracts from a student transportation services company, which will see it install its Mobile Data Collectors (MDCs) and video solutions on approximately 1,400 school buses.
The contract follows a steady stream of deals that have allowed Gatekeeper to post positive net income over the past five quarters, and in three out of the past five years, as it continues to leverage its current customer base of approximately 3,500 towards a greater share in its growing market (slides 8, 12). New contracts include:
- February 2024: An order from a school district in California to equip 120 school buses under Gatekeeper’s platform-as-a-service business model
- October 2023: A C$685,000 order from one of the largest school districts in Nevada to equip school buses with mobile data collectors
- September 2023: A C$9 million order for video and wireless data technology for transit buses and trains under the Southeastern Pennsylvania Transportation Authority
Backed by a wide variety of solutions from AI-powered video analytics to back-office personnel, Gatekeeper has managed to establish market share in every U.S. state and Canadian province, including installations of more than 50,000 MDCs and more than 100,000 in-vehicle video devices, leaving competitors to surmount a fortress-like barrier to entry.
With the company investing in corporate infrastructure and its sales team in preparation for future growth, prospective investors still have time to buy shares as more transportation providers realize the efficiencies data-driven decisions can bring to congestion and passenger safety.
Leadership insights
“This becomes a significant addition to our installed base of MDCs on school buses,” Doug Dyment, Gatekeeper Systems’ president and chief executive officer, said in a statement. “Some buses will be adding new MDCs to the video solutions we’ve already installed, while other buses will be installing both new MDCs and new video solutions. Our platform-as-a-service business model is centred (on) our MDCs and allows us to work with the customer on video data management offerings to optimize the evolving overall video experience for their entire fleet.”
About Gatekeeper Systems
Gatekeeper is an intelligent video and data solutions provider with a focus on public transportation and smart cities.
Gatekeeper Systems stock (TSXV:GSI) is up by 2.9 per cent, trading at C$0.71 per share as of 10:13 am ET. The stock has gained 77.50 per cent year-over-year and 610 per cent over the past five years.
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