See more : FCS Software Solutions Limited (FCSSOFT.BO) 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 |
Mitek Systems: Underappreciated AI Winner With Near-Term Catalyst
Mitek Systems is a leader in mobile capture and digital identity verification solutions for financial institutions, with a monopoly on the mobile capture market. The company's mobile deposit segment is growing at over 10% and its ID verification segment is...
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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 August 16, 2023, the Company received a decision from the Nasdaq Hearings Panel (the...
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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 announced that on July 5, 2023, the Company was notified by the Nasdaq Hearings Panel (the “Panel”) that...
Mitek Systems, Inc. (MITK) Q4 2022 Earnings Call Transcript
Mitek Systems, Inc. (NASDAQ:MITK ) Q4 2022 Earnings Call Transcript June 29, 2023 5:00 PM ET Company Participants Todd Kehrli - Investor Relations Max Carnecchia - Chief Executive Officer Fuad Ahmad - Chief Financial Officer Conference Call Participants Mike Grondahl...
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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 financial results for both its fourth quarter and fiscal 2022 full year ended September 30, 2022....
Mitek to Report Fiscal 2022 Fourth Quarter and Full Year Financial Results on June 29, 2023
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced that it will release its financial results for its fiscal 2022 fourth quarter and full year, ended September 30, 2022, on Thursday,...
Mitek Provides Update on Nasdaq Listing; Reiterates 2022 Preliminary Results and Provides 2023 Guidance
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 June 13, 2023, it received a Staff Delisting Determination (the “Notice”) from the Listing...
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