Gatekeeper Systems (GSI) investor relations material

Executive summary

• Achieved record fiscal Q2 2026 revenue of $10.4 million, up 75% year-over-year.

• Announced $50.3 million in new business contracts during the fiscal year, with $6.8 million recognized as revenue in the first six months.

• Commenced largest-ever project: $27 million transit video contract for New York MTA's Long Island Rail Road.

Financial highlights

• Q2 2026 revenue: $10.4 million (up from $5.9 million in Q2 2025); six-month revenue: $16.3 million (up from $13.2 million year-over-year).

• Gross profit for Q2: $4.4 million (up 92% year-over-year); six months: $7.1 million (up 30%).

• Gross margin improved to 43% in Q2 and 44% for six months (from 39% and 41% respectively year-over-year).

• Operating expenses increased 16% in Q2 and 25% for six months, reaching $4.2 million and $8.5 million.

• Total comprehensive income for Q2: $0.8 million (vs. $1.0 million loss prior year); six months: break-even.

Outlook and guidance

• Strategy to expand recurring revenue through video analytics and hosted services is gaining traction, especially in the school bus segment.

• Anticipated revenue schedule for the $27 million New York MTA project disclosed.