Business
Gatekeeper Reports $20M Revenue and $1.9M Net Income in FY2022; $10M Revenue and $2.7M Net Income in FQ4
(TheNewswire) Abbotsford, BC – TheNewswire - December 19, 2022 - Gatekeeper ...
About this update from Gatekeeper Systems, Inc.
[{"type":"text","content":"Gatekeeper Reports $20M Revenue and $1.9M Net Income in FY2022; $10M Revenue and $2.7M Net Income in FQ4\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Abbotsford, BC –\n \n \n TheNewswire\n \n -\n \n December 19, 2022 - Gatekeeper Systems Inc. (‘Gatekeeper’ or the\n‘Company’) (TSXV:GSI) (OTC:GKPRF)\n \n \n a video\nand data solutions provider for public transportation and smart\ncities, reports its audited financial results for the fiscal year\nended August 31, 2022.\n \n \n \n \n \n \n Financial Highlights:\n \n \n \n \n \n \n Revenue for the fiscal year ended August 31, 2022 was\n$20,031,288, an increase of 16% when compared to $17,231,080 in the\nprior year;\n \n \n \n \n \n \n Gross profit for the fiscal year ended August 31, 2022\nwas $9,308,813, an increase of 24% when compared to $7,515,984 in the\nprior year. Gross profit as a percentage of revenue was 46% and 44%\nrespectively;\n \n \n \n \n \n \n Comprehensive income for the fiscal year ended August\n31, 2022 was $1,929,180 which compares to comprehensive loss of\n$1,011,932 in the prior year;\n \n \n \n \n \n \n Revenue for the three months ended August 31, 2022 was\n$9,838,871, the highest quarterly revenue in the Company’s history,\nand represents an increase of 91% when compared to $5,142,941 in the\nprior year comparable period;\n \n \n \n \n \n \n Comprehensive income for the three months ended August\n31, 2022 was $2,730,055, the highest quarterly net income in the\nCompany’s history, and compares to comprehensive loss of $870,031 in\nthe prior year comparable period;\n \n \n \n \n \n \n At August 31, 2022, the Company had working capital of\n$11,196,838, and approximately 91.4 million shares outstanding;\nand\n \n \n \n \n \n \n At August 31, 2022, the Company had a sales backlog of\napproximately $5.6 million and has announced aggregate contracts of\napproximately $6 million subsequent to August 31, 2022.\n \n \n \n \n \n \n Business Highlights:\n \n \n \n \n \n \n Launched broadband Wi-Fi on school buses for enhanced\ndistance learning;\n \n \n \n \n \n \n Installed 5,529 mobile data collectors in FY2022,\nresulting in a total installed base of approximately 45,500 mobile\ndata collectors;\n \n \n \n \n \n \n Entered into a Master Services Agreement with National\nExp...