Smart city solutions provider Gatekeeper gains on preliminary financials

On Wednesday, September 11, quotes on Gatekeeper Systems, a Canada-based solutions provider for public transportation and smart cities, surged about 20% in Toronto and New York. The trigger was preliminary financial results for the fiscal-2024 fourth quarter and full year (ended August 31), which showed record revenue.

Details

On Wednesday, Gatekeeper shares jumped 20% to CAD0.60 per share on the TSX Venture Exchange in Toronto. The stock is now up 11% since the beginning of the year and more than 76% over the last 12 months. The company has a market capitalization of CAD51 million.

In OTC trading in New York, the stock saw similar gains, rising 19.5% to $0.44 per share on Wednesday.

The night before, Gatekeeper released preliminary earnings for the fiscal-2024 fourth quarter and full year. Revenue in both periods came in at record highs, at CAD37.6 million for the full year, up 35% year over year, and CAD11.5 million for the fourth quarter, 57% higher year over year.

About Gatekeeper

Gatekeeper Systems provides intelligent video solutions across multiple transportation modes in Canada and the U.S. Its portfolio includes, among other things, interior and exterior cameras for city and school buses, as well as 360-degree vision systems. The company uses AI, video analytics, thermal cameras, and mobile data collectors, integrating them into a smart city ecosystem. Video from the cameras can be viewed in real time. The company’s mission is to provide a safer transportation environment for children, passengers, and public safety personnel.