(via TheNewswire)
Financial Highlights for First Fiscal Quarter Ended
Revenue was
$4,885,058 , an increase of 81% when compared to$2,699,589 in the prior year comparable period;Gross profit was
$1,546,118 , which compares to$1,719,439 in the prior year comparable period;Comprehensive loss was
$86,014 which compares to comprehensive income of$183,093 in the prior year comparable period; andAt
November 30, 2022 , the Company had working capital of$10,943,844 , and approximately 91.4 million shares outstanding.
Management Commentary
Selected Financial Information
For the three months ended | ||
Revenue | $ 4,885,058 | $ 2,699,589 |
Cost of Sales | $ 3,338,940 | $ 980,150 |
Gross Profit | $ 1,546,118 | $ 1,719,439 |
Gross Margin Percentage | 32% | 64% |
Expenses | $ 2,164,721 | $ 1,703,139 |
Operating Income (Loss) | $ (618,603) | $ 16,300 |
Comprehensive Income (Loss) for the period | $ (86,014) | $ 183,093 |
Earnings (Loss) per share – | ||
Basic | $ (0.00) | $ 0.00 |
Diluted | $ (0.00) | $ 0.00 |
Total Assets | $ 16,453,995 | $ 23,016,204 |
Total Liabilities | $ 4,002,594 | $ 10,470,109 |
Total Shareholders’ Equity | $ 12,451,401 | $ 12,546,095 |
Full details of the financial reports and operating results for the fiscal first quarter ended
About
Gatekeeper is a leading provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics, thermal cameras, and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems in a Smart City ecosystem. The Company’s Platform-as-a-Service (PaaS) business model is an enabling transformation to a video and data solutions provider for intelligent transit and Smart Cities.www.gatekeeper-systems.com
Contact Information:
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187
Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis for the period ended
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