Gatekeeper Systems begins work on LIRR project

Executive Summary

• Gatekeeper Systems Inc. has begun work on its largest‑ever contract – a $19.55 M (U.S.) / $27 M (CAD) video surveillance project for the NY MTA Long Island Rail Road.
• Management provided an anticipated revenue recognition schedule through fiscal year ending August 31, 2028, totaling roughly $19.5 M in U.S. dollars.
• The disclosed schedule is intended to aid analysts and investors; actual timing may vary based on project delivery and audit review.

Key Details

• Project value: $19.55 million (U.S.) / $27 million (Canadian) for FRA transit video installation on LIRR.
• Revenue recognition forecast (U.S. dollars):
• FY ending Aug 31, 2026 – $3.8 M ($200k Q2, $900k Q3, $2.7 M Q4)
• FY ending Aug 31, 2027 – $12.3 M ($5.8 M H1, $6.5 M H2)
• FY ending Aug 31, 2028 – $3.4 M ($3.3 M H1, $100k H2)
• The schedule reflects current management estimates of project delivery milestones.
• Company notes that actual revenue timing could differ materially due to auditor review, changes in delivery schedule, or other factors.

Notable Quotes

(No direct CEO/President quotes were provided in the release.)