Gatekeeper reports $9.7M revenue, $1.9M net income, 212% YoY growth in fiscal Q2 2023

Gatekeeper reports $9.7M revenue, $1.9M net income, 212% YoY growth in fiscal Q2 2023
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ABBOTSFORD – Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF), a video and data solutions provider for public transportation and smart cities, announced its financial results for the three and six months ended February 28, 2023. The company reported $9.7M revenue, $1.9M net income, 212% YoY growth in fiscal Q2 2023.

Doug Dyment, President and CEO, commented, “Our financial performance in the second fiscal quarter of 2023 was record-breaking in all aspects. We are witnessing significant growth in both the transit and school segments of our business. Our Platform as a Service (PAAS) business model is proving to be very successful in increasing our revenues on a per bus/train basis and is solidly contributing to our evolution as a data company. During the quarter we increased the installed base of mobile data collectors to more than 47,000 and we successfully completed a $4 million contract which was one of the largest in our history. During the quarter we launched AI Dash Cam with video analytics for improved safety which is receiving strong customer interest.”

Full details of the financial reports and operating results for the fiscal second quarter ended February 28, 2023, are described in the Company’s unaudited interim consolidated financial statements with accompanying notes and related Management’s Discussion and Analysis, available on SEDAR.

Gatekeeper is a leading 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. The Company uses AI, video analytics, thermal cameras, and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems in a Smart City ecosystem. The Company’s Platform-as-a-Service (PaaS) business model is an enabling transformation to a video and data solutions provider for intelligent transit and Smart Cities.

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