Gatekeeper Reports $6M Revenue in Fiscal Q1 2026

Core Insights - Gatekeeper Systems Inc. reported significant contract wins and financial results for Q1 2026, highlighting a strong growth trajectory in both transit and school bus segments [3][4][5]. Business Highlights - The company secured its largest-ever contracts in transit and school bus segments, including a $27 million contract with New York MTA's Long Island Rail Road and a $9.3 million contract in California for school bus video solutions [3][4][5]. - Approximately $35 million in new contracts were announced in the transit segment, while around $11 million in new contracts were reported in the school bus segment during the quarter and subsequent to the quarter end [4][5]. - The company raised $13.5 million in a bought deal financing, enhancing its financial position to support large contracts [6]. Financial Performance - Revenue for Q1 2026 was $5.9 million, a decrease from $7.3 million in the same period last year [8][9]. - Gross profit for the quarter was $2.7 million, down from $3.2 million year-over-year, with a gross margin of 45%, up from 43% in the prior year [8][9]. - Operating expenses increased to $4.3 million from $3.1 million in the previous year, resulting in a comprehensive loss of $0.8 million compared to a profit of $0.6 million in the prior year [8][9]. - As of November 30, 2025, the company had working capital of $35 million, including cash of $18 million, and total assets of $42.0 million [8][9].