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Mitek Systems, Inc. (MITK)

Stock Price: $12.12 USD 0.97 (8.70%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed
After-hours: $12.00 -0.12 (-0.99%) Aug 14, 7:58 PM

Stock Price Chart

Key Info

Market Cap 500.41M
Revenue (ttm) 95.69M
Net Income (ttm) 6.10M
Shares Out 41.29M
EPS (ttm) 0.15
PE Ratio 80.80
Forward PE 17.48
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Aug 14, 2020
Last Price $12.12
Previous Close $11.15
Change ($) 0.97
Change (%) 8.70%
Day's Open 11.60
Day's Range 11.42 - 12.39
Day's Volume 970,922
52-Week Range 5.26 - 12.39

More Stats

Market Cap 500.41M
Enterprise Value 458.52M
Earnings Date (est) Nov 5, 2020
Ex-Dividend Date n/a
Shares Outstanding 41.29M
Float 37.84M
EPS (basic) 0.14
EPS (diluted) 0.15
FCF / Share 0.56
Dividend n/a
Dividend Yield n/a
Earnings Yield 1.24%
FCF Yield 4.62%
Payout Ratio n/a
Shares Short 995,290
Short Ratio 2.40
Short % of Float 2.62%
Beta 0.27
PE Ratio 80.80
Forward PE 17.48
P/FCF Ratio 21.64
PS Ratio 5.23
PB Ratio 3.84
Revenue 95.69M
Operating Income 7.33M
Net Income 6.10M
Free Cash Flow 23.13M
Net Cash 41.89M
Net Cash / Share 1.01
Gross Margin 75.58%
Operating Margin 7.65%
Profit Margin 6.40%
FCF Margin 24.17%
ROA 6.80%
ROE 5.48%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (5)

Buy 4
Overweight 0
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$11.62*
(-4.13% downside)
Low
10.0
Current: $12.12
High
12.5
Target: 11.62
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue84.5963.5645.3934.7025.3719.1514.809.0910.275.12
Revenue Growth33.09%40.03%30.8%36.8%32.46%29.36%62.8%-11.43%100.55%-
Gross Profit72.3254.8741.3531.3122.9017.0013.207.839.094.17
Operating Income-4.59-7.812.771.821.89-5.41-7.30-7.880.26-0.38
Net Income-0.72-11.8114.091.962.53-5.29-7.28-7.84-0.13-0.68
Shares Outstanding39.3435.8133.0831.5930.7930.4727.4925.1221.5116.95
Earnings Per Share-0.02-0.330.400.060.08-0.17-0.26-0.31-0.01-0.04
EPS Growth--566.67%-25%------
Operating Cash Flow14.255.6310.457.856.11-2.47-0.62-1.780.32-0.81
Capital Expenditures-1.06-4.31-0.49-0.25-0.07-0.13-1.46-0.34-0.20-0.01
Free Cash Flow13.191.329.967.606.03-2.60-2.08-2.120.11-0.82
Cash & Equivalents33.2517.4842.5733.8726.6724.0429.0312.5215.841.31
Total Debt---------0.68
Net Cash / Debt33.2517.4842.5733.8726.6724.0429.0312.5215.840.63
Assets13612771.7248.3938.7531.1032.8516.7219.853.01
Liabilities28.5631.7610.318.908.317.167.123.171.802.01
Book Value10795.3961.4139.4930.4323.9425.7313.5618.061.00
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Mitek Systems, Inc.
Country United States
Employees 272
CEO Scipio Maximus Carnecchia

Stock Information

Ticker Symbol MITK
Stock Exchange NASDAQ
Sector Technology
Industry Software—Application
Unique Identifier NASDAQ: MITK

Description

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 browsers to facilitate online user experiences, fraud detection and reduction, and compliant transactions. 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, an application to prefill forms with user data by snapping a picture of the driver license or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, an image capture technology. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; XE, a recurrent neural network engine; and ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents. The company sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, fintech companies, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is based in San Diego, California.