See more : W.R. Berkley Corporation 5.10% (WRB-PF) Income Statement Analysis – Financial Results
Complete financial analysis of Mitek Systems, Inc. (MITK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mitek Systems, Inc., a leading company in the Software – Application industry within the Technology sector.
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Mitek Systems, Inc. (MITK)
About Mitek Systems, Inc.
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 172.08M | 172.55M | 143.94M | 119.80M | 101.31M | 84.59M | 63.56M | 45.39M | 34.70M | 25.37M | 19.15M | 14.80M | 9.09M | 10.27M | 5.12M | 3.62M | 5.23M | 5.57M | 6.02M | 6.59M | 5.24M | 11.59M | 13.08M | 9.27M | 9.35M | 9.70M | 6.50M | 4.80M | 8.20M | 6.60M | 10.20M | 13.10M | 18.50M | 27.00M | 23.10M | 18.10M | 10.50M |
| Cost of Revenue | 309.00K | 22.95M | 20.01M | 14.54M | 13.19M | 12.27M | 8.69M | 4.04M | 3.40M | 2.47M | 2.15M | 1.60M | 1.26M | 1.17M | 950.15K | 669.36K | 993.55K | 633.71K | 1.25M | 1.13M | 1.98M | 6.24M | 3.75M | 2.54M | 2.96M | 1.80M | 1.90M | 1.50M | 2.40M | 2.90M | 5.90M | 8.50M | 11.90M | 16.20M | 14.00M | 12.40M | 7.40M |
| Gross Profit | 171.77M | 149.60M | 123.94M | 105.26M | 88.12M | 72.32M | 54.87M | 41.35M | 31.31M | 22.90M | 17.00M | 13.20M | 7.83M | 9.09M | 4.17M | 2.95M | 4.24M | 4.94M | 4.77M | 5.46M | 3.26M | 5.36M | 9.33M | 6.74M | 6.38M | 7.90M | 4.60M | 3.30M | 5.80M | 3.70M | 4.30M | 4.60M | 6.60M | 10.80M | 9.10M | 5.70M | 3.10M |
| Gross Profit Ratio | 99.82% | 86.70% | 86.10% | 87.86% | 86.98% | 85.50% | 86.33% | 91.10% | 90.22% | 90.26% | 88.78% | 89.17% | 86.10% | 88.59% | 81.44% | 81.50% | 81.00% | 88.62% | 79.28% | 82.87% | 62.22% | 46.22% | 71.33% | 72.65% | 68.30% | 81.44% | 70.77% | 68.75% | 70.73% | 56.06% | 42.16% | 35.11% | 35.68% | 40.00% | 39.39% | 31.49% | 29.52% |
| Research & Development | 34.64M | 28.99M | 30.19M | 28.04M | 22.86M | 19.02M | 15.67M | 10.43M | 7.79M | 5.58M | 6.02M | 6.79M | 6.66M | 3.00M | 2.00M | 1.90M | 1.80M | 1.90M | 1.35M | 1.51M | 2.20M | 2.24M | 2.05M | 1.83M | 2.25M | 1.40M | 1.30M | 4.90M | 1.20M | 1.00M | 1.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 52.99M | 43.34M | 26.59M | 22.49M | 22.28M | 19.86M | 17.07M | 11.31M | 8.58M | 7.60M | 9.55M | 7.85M | 5.60M | 3.43M | 1.62M | 1.51M | 3.19M | 3.42M | 3.74M | 4.16M | 5.80M | 5.62M | 6.90M | 5.21M | 5.16M | 4.20M | 3.30M | 0.00 | 2.70M | 2.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 40.77M | 40.55M | 38.84M | 32.50M | 27.65M | 27.41M | 21.70M | 14.48M | 10.94M | 6.46M | 6.84M | 5.85M | 3.45M | 2.41M | 929.69K | 857.09K | 1.47M | 49.86K | 0.00 | 0.00 | 1.94B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 93.76M | 83.89M | 65.43M | 54.99M | 49.93M | 47.27M | 38.77M | 25.79M | 19.51M | 14.06M | 16.39M | 13.71M | 9.05M | 5.84M | 2.55M | 2.37M | 3.19M | 3.42M | 3.74M | 4.16M | 5.80M | 5.62M | 6.90M | 5.21M | 5.16M | 4.20M | 3.30M | 0.00 | 2.70M | 2.50M | 3.70M | 4.20M | 5.60M | 7.90M | 7.20M | 4.40M | 3.20M |
| Other Expenses | 41.14M | 21.16M | -370.00K | 8.52M | 6.58M | 7.56M | -935.00K | 402.00K | 134.00K | 2.85B | 1.15B | 858.76M | 723.60M | 509.65K | 0.00 | 29.84K | 94.85K | 0.00 | 0.00 | 0.00 | -1.27M | 0.00 | 0.00 | 0.00 | 431.19K | 300.00K | 500.00K | 700.00K | 400.00K | 400.00K | 800.00K | 1.10M | 600.00K | 900.00K | 600.00K | 300.00K | 200.00K |
| Operating Expenses | 169.54M | 134.04M | 95.62M | 91.55M | 79.36M | 73.85M | 62.68M | 38.58M | 29.48M | 21.00M | 22.41M | 20.50M | 15.71M | 8.84M | 4.55M | 4.27M | 4.99M | 5.32M | 5.09M | 5.67M | 6.73M | 7.86M | 8.94M | 7.04M | 7.84M | 5.90M | 5.10M | 5.60M | 4.30M | 3.90M | 5.50M | 5.30M | 6.20M | 8.80M | 7.80M | 4.70M | 3.40M |
| Cost & Expenses | 169.85M | 156.99M | 115.63M | 106.09M | 92.56M | 86.11M | 71.37M | 42.62M | 32.88M | 23.48M | 24.56M | 22.10M | 16.97M | 10.01M | 5.50M | 4.94M | 5.98M | 5.96M | 6.34M | 6.80M | 8.71M | 14.09M | 12.70M | 9.57M | 10.81M | 7.70M | 7.00M | 7.10M | 6.70M | 6.80M | 11.40M | 13.80M | 18.10M | 25.00M | 21.80M | 17.10M | 10.80M |
| Interest Income | 0.00 | 0.00 | 8.23M | 5.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 94.74K | 124.63K | 176.88K | 277.14K | 48.58K | 1.79K | 5.07K | 8.63K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 9.26M | 9.06M | 8.23M | 5.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.30K | 6.45K | 151.97K | 239.98K | 427.55K | 298.12K | 5.57K | 294.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 16.91M | 20.22M | 16.25M | 10.14M | 8.74M | 9.01M | 4.64M | 913.00K | 1.39M | 1.37M | 470.70K | 323.38K | 231.98K | 179.29K | 172.60K | 83.63K | 36.08K | 39.34K | 469.90K | 619.26K | 537.42K | 441.93K | 634.35K | 570.17K | 431.19K | 300.00K | 500.00K | 700.00K | 400.00K | 400.00K | 800.00K | 1.10M | 600.00K | 900.00K | 600.00K | 300.00K | 200.00K |
| EBITDA | 25.26M | 39.62M | 28.08M | 24.08M | 18.15M | 5.02M | -4.10M | 2.77M | 1.82M | 2.59M | -4.94M | -6.94M | -7.37M | 484.27K | -209.29K | -1.23M | -709.59K | -334.10K | 151.29K | 412.79K | -3.05M | -2.06M | 1.02M | 272.04K | -1.03M | 2.30M | 0.00 | -1.60M | 1.90M | 200.00K | -400.00K | 400.00K | 1.00M | 2.90M | 1.90M | 1.30M | -100.00K |
| EBITDA Ratio | 14.68% | 22.96% | 19.41% | 19.10% | 15.02% | 10.77% | 0.68% | 11.29% | 11.53% | 13.22% | -27.59% | -48.12% | -83.63% | 4.72% | -4.09% | -34.02% | -13.73% | -6.25% | 2.51% | 7.50% | -79.32% | -17.91% | 7.74% | 3.40% | -11.00% | 23.71% | 13.85% | -27.08% | 23.17% | 4.55% | -3.92% | 3.05% | 5.41% | 10.74% | 8.23% | 7.18% | -0.95% |
| Operating Income | 2.23M | 15.56M | 27.57M | 13.71M | 8.87M | 1.54M | -7.81M | 2.77M | 1.82M | 1.89M | -5.41M | -7.30M | -7.88M | 256.40K | -383.69K | -1.32M | -754.30K | -387.44K | -318.61K | -206.47K | -3.47M | -2.50M | 387.47K | -298.13K | -1.46M | 2.00M | -500.00K | -2.30M | 1.50M | -200.00K | -1.20M | -700.00K | 400.00K | 2.00M | 1.30M | 1.00M | -300.00K |
| Operating Income Ratio | 1.30% | 9.02% | 19.15% | 11.44% | 8.75% | 1.83% | -12.28% | 6.10% | 5.26% | 7.46% | -28.24% | -49.31% | -86.68% | 2.50% | -7.50% | -36.47% | -14.42% | -6.96% | -5.29% | -3.13% | -66.25% | -21.56% | 2.96% | -3.21% | -15.61% | 20.62% | -7.69% | -47.92% | 18.29% | -3.03% | -11.76% | -5.34% | 2.16% | 7.41% | 5.63% | 5.52% | -2.86% |
| Total Other Income/Expenses | -3.14M | -5.22M | -8.60M | -4.48M | 541.00K | 602.00K | -935.00K | 402.00K | 134.00K | 91.32K | 118.36K | 24.91K | 37.16K | -378.96K | -296.33K | -501.00 | 8.34K | 4.44K | -397.92K | -821.60K | 898.06K | 18.33K | 9.34K | -43.29K | 0.00 | 0.00 | -900.00K | -300.00K | -200.00K | 200.00K | -100.00K | 0.00 | -400.00K | -700.00K | -600.00K | 0.00 | 0.00 |
| Income Before Tax | -909.00K | 10.34M | 2.74M | 9.23M | 9.41M | -3.99M | -8.74M | 3.17M | 1.96M | 1.98M | -5.29M | -7.27M | -7.84M | -122.57K | -680.02K | -1.32M | -745.96K | -383.00K | -716.53K | -1.03M | -38.84M | -2.48M | 396.81K | -341.42K | 0.00 | 0.00 | -1.40M | -2.60M | 1.30M | 0.00 | -1.30M | 0.00 | 0.00 | 1.30M | 700.00K | 0.00 | 0.00 |
| Income Before Tax Ratio | -0.53% | 5.99% | 1.90% | 7.71% | 9.29% | -4.71% | -13.75% | 6.99% | 5.64% | 7.82% | -27.62% | -49.14% | -86.27% | -1.19% | -13.28% | -36.48% | -14.26% | -6.88% | -11.90% | -15.59% | -741.26% | -21.40% | 3.03% | -3.68% | 0.00% | 0.00% | -21.54% | -54.17% | 15.85% | 0.00% | -12.75% | 0.00% | 0.00% | 4.81% | 3.03% | 0.00% | 0.00% |
| Income Tax Expense | -4.19M | 2.31M | -295.00K | 824.00K | 1.60M | -3.26M | 3.07M | -10.92M | -1.00K | -543.02K | 2.23K | 1.08K | -4.01K | 2.49K | 2.34K | 1.80K | 2.80K | 800.00 | 800.00 | -714.00 | 2.17K | 10.65K | -9.34K | 43.29K | -25.56K | 0.00 | 1.00M | 300.00K | 100.00K | 200.00K | -200.00K | 200.00K | 0.00 | 400.00K | 100.00K | 600.00K | 400.00K |
| Net Income | 3.28M | 8.03M | 3.69M | 7.98M | 7.81M | -724.00K | -11.81M | 14.09M | 1.96M | 2.53M | -5.29M | -7.28M | -7.84M | -125.06K | -682.35K | -1.32M | -748.76K | -383.80K | -717.33K | -1.03M | -3.85M | -2.49M | 396.81K | -341.42K | -1.43M | 2.00M | -1.50M | -2.60M | 1.20M | -100.00K | -1.10M | -900.00K | 0.00 | 900.00K | 600.00K | 400.00K | -700.00K |
| Net Income Ratio | 1.90% | 4.65% | 2.57% | 6.66% | 7.71% | -0.86% | -18.58% | 31.05% | 5.65% | 9.96% | -27.63% | -49.15% | -86.22% | -1.22% | -13.33% | -36.53% | -14.32% | -6.89% | -11.91% | -15.58% | -73.40% | -21.50% | 3.03% | -3.68% | -15.34% | 20.62% | -23.08% | -54.17% | 14.63% | -1.52% | -10.78% | -6.87% | 0.00% | 3.33% | 2.60% | 2.21% | -6.67% |
| EPS | 0.07 | 0.18 | 0.08 | 0.18 | 0.19 | -0.02 | -0.33 | 0.43 | 0.06 | 0.08 | -0.17 | -0.26 | -0.31 | -0.01 | -0.04 | -0.08 | -0.04 | -0.02 | -0.05 | -0.08 | -0.34 | -0.22 | 0.04 | -0.03 | -0.13 | 0.20 | -0.13 | -0.25 | 0.15 | -0.01 | -0.15 | -0.13 | 0.01 | 0.13 | 0.09 | 0.06 | -0.21 |
| EPS Diluted | 0.07 | 0.17 | 0.08 | 0.18 | 0.18 | -0.02 | -0.33 | 0.40 | 0.06 | 0.08 | -0.17 | -0.26 | -0.31 | -0.01 | -0.04 | -0.08 | -0.04 | -0.02 | -0.05 | -0.08 | -0.34 | -0.22 | 0.04 | -0.03 | -0.13 | 0.19 | -0.13 | -0.25 | 0.15 | -0.01 | -0.15 | -0.13 | 0.01 | 0.13 | 0.09 | 0.06 | -0.21 |
| Weighted Avg Shares Out | 46.56M | 45.53M | 44.60M | 43.51M | 41.41M | 39.34M | 35.78M | 33.08M | 31.59M | 30.79M | 30.47M | 27.49M | 25.12M | 21.51M | 16.95M | 16.75M | 16.75M | 16.75M | 15.91M | 12.57M | 11.35M | 11.15M | 11.13M | 11.38M | 10.86M | 10.36M | 11.56M | 10.40M | 8.00M | 10.00M | 7.33M | 6.92M | 7.50M | 3.60M | 3.47M | 10.00M | 3.33M |
| Weighted Avg Shares Out (Dil) | 47.47M | 46.46M | 45.78M | 45.08M | 42.53M | 39.34M | 35.81M | 35.54M | 33.82M | 31.48M | 30.47M | 27.49M | 25.12M | 21.51M | 16.95M | 16.75M | 16.75M | 16.75M | 15.91M | 12.57M | 11.35M | 11.15M | 11.33M | 11.38M | 10.86M | 10.76M | 11.56M | 10.40M | 8.00M | 10.00M | 7.33M | 6.92M | 7.50M | 3.60M | 3.47M | 10.00M | 3.33M |
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Source: https://incomestatements.info
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