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Earnings

Gatekeeper Reports $6M Revenue in Fiscal Q1 2026

By The Northwire Desk — AI Analysis Jan 29, 2026 · 16:16 GSI · 1.61 Gatekeeper Systems Inc.
GSI · Price

Executive Summary

  • Gatekeeper Systems reported Q1 2026 results (quarter ended Nov 30, 2025) showing revenue of $5.9 M and a comprehensive loss of $0.8 M, but highlighted $46.3 M in new contract wins announced during and after the quarter.
  • The company completed a bought‑deal financing that generated $13.5 M in gross proceeds, its largest ever financing round.
  • A conference call to discuss results and corporate updates is scheduled for Jan 30, 2026 at 8:45 a.m. ET.

Key Details

  • New Business Contracts ($46.3 M total):
  • $27 M transit video contract with New York MTA’s Long Island Rail Road.
  • $9.3 M school‑bus video contract with a California student‑transportation provider.
  • OEM contract with Alstom for transit video (including SEPTA streetcar equipment).
  • $0.8 M video contract with L&T Technology Services for Etihad Rail project (Middle East).
  • Revenue: $5,905,306 vs. $7,283,636 in the comparable prior‑year quarter.
  • Gross Profit: $2,685,110 vs. $3,155,995 YoY; gross margin 45% (up from 43%).
  • Operating Expenses: $4,255,342 vs. $3,123,410 YoY.
  • Comprehensive Loss: $(782,941) vs. prior‑year income of $576,093.
  • Earnings per Share: Basic and diluted loss of $0.01.
  • Financing: Bought‑deal financing – aggregate gross proceeds $13.5 M; terms not disclosed beyond total amount. Proceeds to strengthen balance sheet and fund large contracts.
  • Liquidity (as of Nov 30, 2025): Working capital $35 M; cash $18 M; undrawn credit facilities: $6 M revolving loan and $7.5 M letter of credit with TD Bank.
  • Board Appointment: Hamish Dobson, security‑industry executive, appointed to the board of directors.
  • Conference Call Details: Jan 30, 2026 at 8:45 a.m. ET; dial‑in +1 800‑717‑1738 or join via https://momentum.adobeconnect.com/gatekeeper-shareholder/.

Notable Quotes

“During fiscal Q1 2026 we announced our largest‑ever contract wins in both transit and school bus segments and raised $13.5 million in the Company's largest‑ever financing.” – Doug Dyment, President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.

Read the original news release →

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