Business
Gatekeeper Reports $31.8M Revenue in Fiscal 2025
Abbotsford, British Columbia--(Newsfile Corp. - December 29, 2025) - Gatekeeper Systems Inc.
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About this update from Gatekeeper Systems, Inc.
[{"type":"text","content":"Gatekeeper Reports $31.8M Revenue in Fiscal 2025Abbotsford, British Columbia--(Newsfile Corp. - December 29, 2025) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) (\"Gatekeeper\" or the \"Company\") a video and data solutions provider for public transportation and smart cities, reports its audited financial results for the fourth quarter and fiscal year ended August 31, 2025. Fiscal 2025 and Recent Business Highlights:Revenue for the fiscal year ended August 31, 2025 was $31.8 million, compared to $37.8 million in the prior fiscal year. As previously discussed, the prior year revenue included a large transit contract of $9 million in addition to the Company's regular business (see press release dated January 4, 2024). When excluding that large contract, the Company's regular business grew approximately 10% for the fiscal year ended August 31, 2025.$43.8 million in new business contracts announced subsequent to August 31, 2025, including: $27 million transit video contract with New York MTA's Long Island Rail Road; $9.3 million school bus video contract with a student transportation provider; OEM contract with Alstom for transit video; and POC contract with L&T Technology Services for a freight rail project in the Middle East.Gross profit for the fiscal year was $13.1 million, compared to $17.2 million in the prior fiscal year. Gross margin as a percentage of revenue was 41% compared to 46% in the prior year. Operating expenses for the fiscal year were $16.9 million, compared to $13.0 million in the prior fiscal year.Total comprehensive loss for the fiscal year was $3.0 million, compared to income of $1.9 million in the prior fiscal year.Approximately 8,000 Mobile Data Collectors (MDCs) installed for customers during the fiscal year, increasing MDC installations to approximately 65,000.Approximately 4,000 MDC subscriptions for video management and hosted services since the launch of the Company's data center in February 2024.Completed two bought-deal financings generating aggregate gross proceeds of $25 million, including $11.5 million in July 2025 and $13.5 million in November 2025.Appointed security industry executive, Hamish Dobson, to board of directors.At August 31, 2025, the Company had working capital of $23.6 million, including cash of $14.8 million, and subsequently completed a financing generating ...