Gatekeeper Launches US$19.55M LIRR Video Project and Secures US$534K School Bus Deal
Gatekeeper commenced its largest-ever US$19.55 million (C$27 million) FRA transit video project with MTA’s Long Island Rail Road, forecasting $3.8 million revenue in FY2026, $12.3 million in FY2027 and $3.4 million in FY2028. It also won a US$534,000 (C$741,000) Florida school bus contract to equip 100 buses with video systems and five-year prepaid software subscriptions.
1. Gatekeeper Begins US$19.55 Million LIRR Transit Video Project with Anticipated Revenue Recognition
Gatekeeper Systems Inc. has officially commenced work on its US$19.55 million Federal Railroad Administration-funded transit video installation for the Long Island Rail Road, marking the company’s largest contract to date. Management projects revenue recognition of US$3.8 million in the fiscal year ending August 31, 2026—comprising US$0.2 million in Q2, US$0.9 million in Q3 and US$2.7 million in Q4. For the following fiscal year, US$12.3 million is expected—split evenly between the first and second halves—while US$3.4 million is anticipated in the 2028 fiscal year, with US$3.3 million in the first half and US$0.1 million in the second half. These estimates are based on current delivery schedules and remain subject to change pending auditor review and potential project timing adjustments.
2. Florida School District Awards US$534,000 Video and Subscription Contract, Prepayment Secures Five Years of Software Revenue
A new Florida school district customer has signed a US$534,000 contract with Gatekeeper to equip nearly 100 school buses with onboard video systems and Mobile Data Collectors. The agreement includes a five-year prepayment of the company’s AI-driven video analytics software subscriptions, providing immediate cash flow and a multi-year recurring revenue stream. This contract reinforces Gatekeeper’s expanding footprint in the school transport sector and underscores the scalability of its Platform-as-a-Service model.