Core Insights - Gatekeeper Systems Inc. reported its highest-ever fiscal third quarter revenue of $7.5 million, a 16% increase from $6.5 million in the prior year [3][5][7] - The company has significantly expanded its customer base for Mobile Data Collectors, increasing from approximately 300 to 3,500 during the fiscal year [3][5] - The school bus segment has secured contracts exceeding $1 million per customer, with active participation in 39 school industry trade shows this year [4][5] Financial Performance - Revenue for the nine-month period ended May 31, 2025, was $20.7 million, down from $26.1 million in the prior year, primarily due to the absence of a large $9 million transit contract from the previous year [5][7] - Gross profit for the three-month and nine-month periods was $3.7 million and $9.1 million, respectively, with gross margins of 49% and 44% [5][7] - Operating loss for the three-month and nine-month periods was $0.1 million and $1.4 million, compared to a loss of $0.4 million and a profit of $3.4 million in the prior year [5][7] Business Developments - The company announced transit contracts worth over $7 million and school bus video and subscription contracts totaling over $5.4 million [5][6] - The transit team has expanded, focusing on compliance with the Federal Railroad Administration (FRA) mandate, which requires specific video recording equipment by October 2027 [6] - Gatekeeper has installed over 57,000 Mobile Data Collectors and serves more than 60 transit agencies and 3,500 school districts across North America [8]