Mitek Systems, Inc. (MITK)
Market Cap | 407.65M |
Revenue (ttm) | 172.42M |
Net Income (ttm) | 4.46M |
Shares Out | 45.24M |
EPS (ttm) | 0.10 |
PE Ratio | 93.53 |
Forward PE | 9.70 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 529,685 |
Open | 8.96 |
Previous Close | 9.00 |
Day's Range | 8.86 - 9.05 |
52-Week Range | 7.35 - 16.24 |
Beta | 1.08 |
Analysts | Strong Buy |
Price Target | 12.88 (+42.95%) |
Earnings Date | May 9, 2025 |
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]
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 StatementsAnalyst Forecast
According to 4 analysts, the average rating for MITK stock is "Strong Buy." The 12-month stock price forecast is $12.88, which is an increase of 42.95% from the latest price.
News

Mitek Systems: Secular Growth Opportunity From AI-Based Threat
MITK, a digital identity verification software company, faces a secular growth opportunity driven by rising AI-based identity fraud, particularly benefiting its new product, Check Fraud Defender (CFD)...

ID R&D Delivers Industry Leading Liveness Results in U.S. Homeland Security Evaluation of Remote Identity Validation Systems
SAN DIEGO--(BUSINESS WIRE)-- #DHS--ID R&D, a Mitek Systems company, excelled in the DHS Science and Technology Directorate's evaluation of remote identity validation systems.

Mitek Systems, Inc. (MITK) Q1 2025 Earnings Call Transcript
Mitek Systems, Inc. (NASDAQ:MITK) Q1 2025 Earnings Conference Call February 10, 2025 5:00 PM ET Company Participants Todd Kehrli - Investor Relations, PondelWilkinson Ed West - Chief Executive Office...

Mitek Reports Fiscal 2025 First 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 verification, mobile capture and fraud management, t...

CSI Launches Advanced Check Fraud Detection Tool in Partnership With Mitek Systems
PADUCAH, Ky.--(BUSINESS WIRE)--CSI's new solution equips bank tellers with real-time check fraud detection capabilities and more.

Mitek Systems Announces Mark Rossi as a Nominee to its Board of Directors
SAN DIEGO--(BUSINESS WIRE)-- #BoardOfDirectors--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture, and fraud management, today announced the nominati...

Mitek to Report Fiscal 2025 First Quarter Financial Results on February 10, 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 conduct a conference...

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...

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%...

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...

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...

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...

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...

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...

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.”)...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....