Mitek Systems, Inc. (MITK)

NASDAQ: MITK · Real-Time Price · USD
9.01
+0.01 (0.11%)
Mar 25, 2025, 4:00 PM EDT - Market closed
0.11%
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]

Sector Technology
Founded 1983
Employees 630
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 $12.88, which is an increase of 42.95% from the latest price.

Price Target
$12.88
(42.95% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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)...

17 days ago - Seeking Alpha

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.

5 weeks ago - Business Wire

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...

6 weeks ago - Seeking Alpha

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...

6 weeks ago - Business Wire

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.

6 weeks ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

3 months 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%...

3 months 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...

3 months 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...

3 months 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...

3 months 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...

3 months 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...

4 months 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
5 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...

6 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...

6 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...

7 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...

7 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...

7 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...

7 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...

8 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...

8 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...

9 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....

10 months ago - Business Wire