See more : Medibank Private Limited (MPL.AX) 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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Mitek Systems' (MITK) Q1 Earnings & Revenues Decline Y/Y
Mitek Systems (MITK) registers a top-line decline of 19% year over year in the first quarter of fiscal 2024 due to tough year-over-year comparisons.
CORRECTING and REPLACING Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results
SAN DIEGO--(BUSINESS WIRE)--Please replace the release dated April 15, 2024, with the following corrected version due to revisions to the sixth and seventh bulleted sentences, and to the first sentence of Conference Call Information. The updated release reads: MITEK REPORTS...
Mitek Systems, Inc. (MITK) Q1 2024 Earnings Call Transcript
Mitek Systems, Inc. (NASDAQ:MITK ) Q1 2024 Earnings Conference Call April 15, 2024 5:00 PM ET Company Participants Todd Kehrli - MKR Investor Relations, Inc. Max Carnecchia - CEO Dave Lyle - CFO Conference Call Participants Jake Roberge - William...
Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results
SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity and fraud prevention, today reported financial results for its first quarter ended December 31, 2023, and provided select preliminary results for its...
Mitek to Report Fiscal 2024 First Quarter Financial Results on April 15, 2024
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced that it intends to file its fiscal 2024 first quarter 10-Q report after the close of the market on Monday, April 15,...
DataVisor Partners with Mitek to Strengthen Fraud Detection Ecosystem with Enhanced Check Fraud Protection
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--DataVisor, the world's leading AI-powered fraud and risk platform, announced today that it has partnered with Mitek (NASDAQ: MITK) to enhance the platform's comprehensive check fraud protection offerings. By integrating Mitek's Check Fraud Defender, a consortium based...
Nasdaq Hearings Panel Grants Mitek's Request for Continued Listing Pending Compliance with Filing Requirement
SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (Nasdaq: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity and digital fraud prevention, today reported that on April 1, 2024, the Company received a decision from the Nasdaq Hearings Panel (the...
Source: https://incomestatements.info
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