Core Insights - Gatekeeper Systems Inc. has announced a significant contract valued at approximately US$6.7 million (around C$9.3 million) for video and subscription services in California, marking the largest contract in the school bus segment in the company's history [2][4] Group 1: Contract Details - The contract involves equipping school buses with interior and exterior video, AI-based passenger counters, and Mobile Data Collectors for live video management [2] - The contract is with an existing student transportation provider who is serving a new school district customer [2] - The company anticipates that the transportation provider will subscribe to its video management software for video analysis and storage after the contract terms are fulfilled [2] Group 2: Technology and Solutions - Gatekeeper's passenger counting system utilizes AI and video analytics to accurately track the number of students boarding and alighting from school buses [3] - The Mobile Data Collector records additional data such as bus number, date, time of door operations, and GPS location, facilitating statistical reporting for data analysis [3] - These technologies assist school districts in optimizing route scheduling and planning based on actual passenger volumes [3] Group 3: Company Performance and Strategy - The contract represents the fifth agreement announced by Gatekeeper in California this year, indicating a successful sales strategy with student transportation providers [4] - The company is experiencing positive reception for its innovative offerings, including Live View Wireless and AI-based passenger counters, among school districts and transportation providers [4] Group 4: Company Background - Gatekeeper is a leading provider of video and data solutions aimed at enhancing safety in transportation for children and passengers [5] - The company has served over 60 transit agencies and 3,500 school districts across North America, with more than 63,000 Mobile Data Collectors installed [5] - Gatekeeper's business model is centered around its Platform-as-a-Service (PaaS) approach, focusing on Mobile Data Collectors as a key component of its data transformation strategy [5]

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]