Mitek Systems, Inc. (MITK)
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]
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 $12.63, which is an increase of 10.50% from the latest price.
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...
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....
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...
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...
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...
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...
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...
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...
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...