GSI turned the "profit corner" in Q2.
Gatekeeper Reports Q2 Revenue of $3.6M in 8th Consecutive Quarter of Year-over-Year Revenue Growth
Abbotsford, British Columbia--(Newsfile Corp. - April 22, 2020) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC PINK: GKPRF) (FSE: 1GK) ('Gatekeeper' or the 'Company') a leading provider of intelligent video solutions for public transport and smart cities, reports its financial results for the three and six months ended February 29, 2020.
Second Quarter Highlights
Revenue for the three and six months ended February 29, 2020 was the highest in the Company's history at $3,574,643 and $6,931,041 respectively which compares to $2,698,819 and $ 4,538,297 for the same prior year comparable periods, representing an increase of 32% and 53% respectively;
Gross profit for the three months and six months ended February 29, 2020 was the highest in the Company's history at $1,614,468 and $3,082,481 respectively which compares to $1,142,129 and $2,053,415 for the same prior year comparable periods, representing an increase in gross margin of 41% and 50%, respectively;
Net income for the three and six months ended February 29, 2020 was the highest in the Company's history at $90,551 and $90,219 respectively which compares to net loss of $455,525 and $1,142,904 for the same prior year comparable periods, representing an increase in profitability of 120% and 108%, respectively;
As at February 29, 2020 the Company had working capital of $6,346,481, and approximately 88 million shares outstanding;
Introduced Platform-as-a-Service for Smart City Initiatives and Video Analytics solutions. |
