Gatekeeper Systems
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Gatekeeper Systems (GSI) investor relations material

Gatekeeper Systems Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary28 Dec, 2025

Executive summary

  • Fiscal 2025 revenue was $31.8 million, down from $37.8 million in the prior year due to a one-time $9 million transit contract in 2024; regular business grew approximately 10% year-over-year when excluding that contract.

  • Gross profit for the year was $13.1 million with a gross margin of 41%, compared to $17.2 million and 46% in the prior year.

  • Total comprehensive loss for the year was $3.0 million, compared to income of $1.9 million in the prior year.

  • Fourth quarter revenue was $11.1 million, with a gross margin of 36% and a comprehensive loss of $2.2 million.

Financial highlights

  • Operating expenses increased to $16.9 million from $13.0 million year-over-year.

  • Earnings per share for the year were $(0.03) basic and diluted, compared to $0.02 in the prior year.

  • Working capital at year-end was $23.6 million, including $14.8 million in cash.

  • Total assets increased to $38.5 million from $22.4 million year-over-year.

  • Shareholders' equity rose to $26.1 million from $18.2 million year-over-year.

Outlook and guidance

  • Management highlighted a strategic shift to pursue larger contracts and customers, supported by increased investment in sales, engineering, and project management.

  • Focus on expanding recurring hosted services and global growth opportunities, including new contracts in North America and the Middle East.

Reconcile 10% growth with FY25 loss
Timeline for $43.8M new contract revenue
MDC subscription growth trajectory
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Frequently asked questions

Gatekeeper Systems Inc. provides innovative solutions for the retail industry, focusing on intelligent cart solutions and loss prevention technology. The company offers a range of products, including shopping cart containment and pushout prevention systems designed to reduce theft and operational costs for retailers. Gatekeeper Systems serves various sectors within the retail industry, including grocery stores, supermarkets, and mass merchants, by integrating advanced technology to enhance store security and operational efficiency. The company is headquartered in Irvine, California, and its shares are listed on the TSX.

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