Gatekeeper Reports $20M Top Line Revenue for FY2022; 16% Growth

This morning Gatekeeper Systems (TSXV: GSI) released their 2022 fiscal full-year earnings. The company earned $1.9M in comprehensive income on the year, with $20M in top-line revenue on gross margins of 46%. The company’s FYQ4, which ended on August 31, 2022, represented the top revenue quarter in company history at $9.8M, an increase of 91% from $5.1M in the previous year.

The company stated in its news release, the highlights for the year included launching broadband Wi-Fi on school buses for enhanced distance learning, installing 5,529 mobile data collectors in the year, and $13M in aggregate video upgrade contracts.

At the end of their fiscal 2022 year, Gatekeeper has $11.2M in working capital with a sales backlog of $5.6M plus an additional $6M in contracts which has been announced subsequently. This includes a $4M contract upgrade from SEPTA announced last week.

CEO Doug Dyment joined Cassandra Leah on the Daily Dive last May.

Shares of Gatekeeper last traded at 21.5c on the TSX Venture.


FULL DISCLOSURE: Gatekeeper Systems is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Gatekeeper Systems on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Gatekeeper Systems Expands Alliance In State Of Arizona, Secures Contract

Gatekeeper Systems (TSXV: GSI) is expanding to another state within the US. The firm this...

Tuesday, April 12, 2022, 09:02:35 AM

Gatekeeper Systems Signs Master Services Agreement With National Express

Gatekeeper Systems (TSXV: GSI) continues to execute upon its business strategy. The firm this morning...

Wednesday, June 1, 2022, 08:46:03 AM

Gatekeeper Secures $1.2 Million To Retrofit Entire Bus Fleet For School District

Gatekeeper Systems (TSXV: GSI) has managed to secure another contract south of the border. The...

Wednesday, August 17, 2022, 09:03:09 AM

Gatekeeper Systems Launches New Product With Initial $0.6 Million Purchase Order

Gatekeeper Systems (TSXV: GSI) has launched a new product as it looks to enhance its...

Thursday, March 10, 2022, 08:39:11 AM

Gatekeeper Systems Signs $1.9 Million Contract To Upgrade School District’s Bus Fleet

Gatekeeper Systems (TSXV: GSI) continues to expand upon relationships with existing customers. The firm this...

Thursday, November 17, 2022, 03:04:00 PM