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  5. GSI: What did you think of gatekeepers last earnings report? [Gatekeeper Systems Inc.]
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Q: What did you think of gatekeepers last earnings report? Is management still on track and are the financial metrics improving?
Asked by James on August 08, 2024
5i Research Answer:

GSI is a microcap name that had solid momentum before the earning release, however, in the most recent quarter, GSI reported an abrupt drop of around 16% in sales to $4.7M from $5.6M in the same period last year, the drop was primarily due to lower sales of certain product lines to military contractors. The company growth was above 100% two quarters ago, but the revenue growth was quite lumpy, and we would wait until the path to growth recovers before being comfortable to hold it again. Also, for a microcap like this, the risk involved is very high, which investors should be very much aware of.