Gatekeeper Reports $6M Revenue in Fiscal Q1 2026

Abbotsford, British Columbia--(Newsfile Corp. - January 29, 2026) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company") a video and data solutions provider for public transportation and smart cities, reports its financial results for the first fiscal quarter ended November 30, 2025 (the "Quarter"), and announces corresponding conference call details.

Fiscal Q1 2026 and Recent Business Highlights:

• $46.3 million in new business contracts announced during the Quarter and subsequent to the Quarter end including: $27 million transit video contract with New York MTA's Long Island Rail Road, $9.3 million school bus video contract with a student transportation provider, OEM contract with Alstom for transit video, and $0.8 million video contract with L&T Technology Services for Etihad Rail project in the Middle East.
• Revenue for the Quarter was $5.9 million compared to $7.3 million in the prior year comparable period.
• Gross profit for the Quarter was $2.7 million compared to $3.2 million in the prior year comparable period. Gross margin as a percentage of revenue was 45% compared to 43% in the prior year comparable period.
• Operating expenses for the Quarter were $4.3 million compared to $3.1 million in the prior year comparable period.
• Total comprehensive loss for the Quarter was $0.8 million compared to income of $0.6 million in the prior year comparable period.
• Completed a bought-deal financing generating aggregate gross proceeds of $13.5 million.
• Appointed security industry executive, Hamish Dobson, to board of directors.
• At November 30, 2025, the Company had working capital of $35 million, including cash of $18 million. The Company also has a $6 million Credit Facility plus a $7.5 million Letter of Credit Facility with TD Bank, both of which were undrawn at November 30, 2025.

Management Commentary

Doug Dyment, President and CEO of Gatekeeper, commented, "During fiscal Q1 2026 we announced our largest-ever contract wins in both transit and school bus segments and raised $13.5 million in the Company's largest-ever financing.

In the transit segment, we announced a $27 million contract for New York MTA's Long Island Rail Road, and we've commenced work on that project. We became an OEM transit video and data solutions provider to Alstom, a global leader in rail transport systems, and announced an Alstom contract to equip new SEPTA streetcars with video. Our business reach has now expanded globally with the announcement of a video contract with L&T Technology Services for Etihad Rail in the Middle East. During the Quarter and subsequent to the Quarter end, we announced approximately $35 million in new contracts in the transit segment.