Gatekeeper Systems Inc. (GSI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Gatekeeper Systems Inc. shareholder call. At this time, all participants are in a listen-only mode. If at any time during this call you require needed assistance, please press star zero for the operator. Also note that this call is being recorded on January 30th, 2026. I would now like to turn the conference over to Doug Diamond. Please go ahead, sir. Thank you, operator. I would like to remind everyone that our remarks today include forward-looking statements that are subject to risks and uncertainties. These statements are based on current management expectations and actual results could differ materially from those projected. These financial statements were prepared in accordance with IFRS accounting standards as issued by the International Accounting Standard Board. We may also use non-IFRS metrics like adjusted EBITDA. Please refer to our MD&A filed on CDAR for full reconciliations. I'd like to turn the meeting over to our CFO, Kelsey Chin. Thank you, Doug, and good morning, everyone. Gatekeeper filed our first quarter financial statements yesterday, which are available on CDAR Plus and Gatekeeper's website. I'll provide a brief review of our first quarter results, and then Doug will provide some comments and an update. Company revenue for the current quarter was 5.9 million compared to 7.3 million for the same prior year comparable period, representing a decrease of 19%. Cost of sales for the current quarter was 3.2 million compared to 4.1 million for the same prior year comparable period, representing a decrease of 22%. Gross profit for the current quarter was 2.7 million compared to 3.2 million for the same prior year comparable period representing a decrease of 15%. Growth margin as a percentage of reven...