Mitek Systems, Inc. (MITK)

NASDAQ: MITK · Real-Time Price · USD
11.43
+0.33 (2.97%)
At close: Dec 20, 2024, 4:00 PM
11.49
+0.06 (0.52%)
After-hours: Dec 20, 2024, 7:54 PM EST
2.97%
Market Cap 513.41M
Revenue (ttm) 172.08M
Net Income (ttm) 3.28M
Shares Out 44.92M
EPS (ttm) 0.07
PE Ratio 163.29
Forward PE 13.01
Dividend n/a
Ex-Dividend Date n/a
Volume 1,086,037
Open 10.83
Previous Close 11.10
Day's Range 10.82 - 11.49
52-Week Range 7.35 - 16.24
Beta 1.12
Analysts Strong Buy
Price Target 12.63 (+10.5%)
Earnings Date Dec 16, 2024

About MITK

Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes 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 offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality im... [Read more]

Sector Technology
Founded 1983
Employees 590
Stock Exchange NASDAQ
Ticker Symbol MITK
Full Company Profile

Financial Performance

In 2024, Mitek Systems's revenue was $172.08 million, a decrease of -0.27% compared to the previous year's $172.55 million. Earnings were $3.28 million, a decrease of -59.16%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for MITK stock is "Strong Buy." The 12-month stock price forecast is $12.63, which is an increase of 10.50% from the latest price.

Price Target
$12.63
(10.50% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Mitek to Participate in the 27th Annual Needham Growth Conference on January 14, 2025

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced that it will participate in the 2...

2 days ago - Business Wire

Mitek: Guidance Not Bad When Considering SaaS Mix Growth

Mitek's strong quarter featured impressive cost control and solid revenue growth, particularly in Check Fraud Defender and ID products. Check Fraud Defender's annualized contract value grew nearly 60%...

4 days ago - Seeking Alpha

Mitek Systems Earnings: Strong Q4 Results Propel Stock Higher

Mitek Systems is a cyber fraud player with strong free cash flow, trading at a compelling 15x forward free cash flow valuation. The new CEO's strategic initiatives and potential double-digit revenue g...

4 days ago - Seeking Alpha

Mitek Systems, Inc. (MITK) Q4 2024 Earnings Call Transcript

Mitek Systems, Inc. (NASDAQ:MITK) Q4 2024 Earnings Conference Call December 17, 2024 5:00 PM ET Company Participants Todd Kehrli - Investor Relations, MKR Investor Relations Ed West - Chief Executive...

5 days ago - Seeking Alpha

Mitek Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results and Provides Guidance for Fiscal 2025

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity verification, mobile capture and fraud management, t...

5 days ago - Business Wire

Mitek Unveils Digital Fraud Defender: Next-Gen Defense Against Deepfakes and Emerging Digital Frauds

SAN DIEGO--(BUSINESS WIRE)-- #Cybersecurity--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced Digital Fraud De...

16 days ago - Business Wire

Mitek to Report Fiscal 2024 Fourth Quarter and Full Year Financial Results on December 16, 2024

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced that it will conduct a conference...

18 days ago - Business Wire

Mitek Appoints James Fay to Board of Directors

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James (“J.D.”)...

Other symbols: MTTR
2 months ago - Business Wire

Mitek Appoints Edward H. West as CEO

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (“Mitek” or the “Company”) (NASDAQ: MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the ap...

2 months ago - Business Wire

Mitek Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture, and fraud management solutions, announced today it granted equity awar...

2 months ago - Business Wire

Concerned Stockholder Group Votes Against the Re-Election of Mitek Systems' Board of Directors

HOUSTON--(BUSINESS WIRE)--Hammana Partners LP, Bradley L. Radoff and Joshua E. Schechter (together with their affiliates, the “Concerned Stockholder Group” or “we”) are significant stockholders of Mit...

3 months ago - Business Wire

Alogent and Mitek Announce Partnership to Tackle Ballooning Check Fraud Epidemic

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity and fraud prevention, announces the expansion of their partnership with Alogent. Alogent will integr...

4 months ago - Business Wire

Mitek's Check Fraud DefenderTM Clinches Top Honor with Datos Insights' Impact Awards for Pioneering Innovation in Transaction Fraud Monitoring and Decisioning

SAN DIEGO--(BUSINESS WIRE)-- #checkfraud--Mitek Systems Inc. (NASDAQ: MITK) has been named the winner of the prestigious Best Transaction Fraud Monitoring and Decisioning Innovation category in the 20...

4 months ago - Business Wire

Mitek: At Least The Convertibles Might Stay Unexercised

Hope for business is not coming through or getting delayed as much as 18 months, causing a revenue shortfall. There might be some pick-up coming in thanks to a deepfake protection product that is comi...

4 months ago - Seeking Alpha

Mitek Reports Fiscal 2024 Third Quarter Financial 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 resul...

4 months ago - Business Wire

Mitek to Report Fiscal 2024 Third Quarter Financial Results on August 8, 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 will conduct a conference call on Thur...

5 months ago - Business Wire

Mitek Wins 2024 Artificial Intelligence Breakthrough Award

SAN DIEGO--(BUSINESS WIRE)-- #AIinnovation--Mitek Systems, Inc. (NASDAQ: MITK) has been named winner of the Authentication Innovation Award in the seventh annual AI Breakthrough Awards program conduct...

6 months ago - Business Wire

Mitek Named to 2024 AIFinTech100 List

SAN DIEGO--(BUSINESS WIRE)-- #AIFinTech100--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity and digital fraud prevention announced today its inclusion in the 2024 AIFinTech100....

6 months ago - Business Wire

ID R&D Granted Patent for Voice-Based Device Unlocking

NEW YORK--(BUSINESS WIRE)--ID R&D, a Mitek Systems company, and a leading provider of AI-driven biometric solutions, is pleased to announce the issuance of a new patent by the United States Patent and...

7 months ago - Business Wire

Viewpointe and Mitek announce partnership to strengthen check fraud detection

New partnership targets rising check fraud in the banking industry CHARLOTTE, N.C., May 14, 2024 /PRNewswire/ -- Viewpointe®, a leading managed content services provider for highly regulated enterpris...

7 months ago - PRNewsWire

Mitek Systems, Inc. (MITK) Q2 2024 Earnings Call Transcript

Mitek Systems, Inc. (NASDAQ:MITK) Q2 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Todd Kehrli - MKR Investor Relations, Inc. Scott Carter - Chairman Max Carnecchia - CEO...

7 months ago - Seeking Alpha

N-iX enhances partnership with Mitek Systems to offer strengthened fraud prevention services

NORTH MIAMI BEACH, Fla. , May 13, 2024 /PRNewswire/ -- N-iX , a global software solutions and engineering services company, announces the enhancement of its partnership with Mitek Systems, a global le...

7 months ago - PRNewsWire

Mitek Announces $50 Million Share Repurchase Program

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 i...

7 months ago - Business Wire

Mitek Reports Fiscal 2024 Second Quarter Financial Results and Reiterates 2024 Fiscal Full Year Guidance

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 resul...

7 months ago - Business Wire

Mitek Announces CEO Transition

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity and digital fraud prevention, today announced that the Company's B...

7 months ago - Business Wire