Mitek Systems, Inc. (MITK)

NASDAQ: MITK · IEX Real-Time Price · USD
12.17
-1.22 (-9.11%)
At close: Apr 17, 2024, 4:00 PM
12.20
+0.03 (0.25%)
After-hours: Apr 17, 2024, 6:27 PM EDT
-9.11%
Market Cap 569.44M
Revenue (ttm) 163.77M
Net Income (ttm) -2.50M
Shares Out 46.79M
EPS (ttm) -0.06
PE Ratio n/a
Forward PE 11.81
Dividend n/a
Ex-Dividend Date n/a
Volume 2,085,991
Open 13.46
Previous Close 13.39
Day's Range 12.01 - 13.65
52-Week Range 8.78 - 16.24
Beta 1.11
Analysts Strong Buy
Price Target 19.00 (+56.12%)
Earnings Date Apr 15, 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; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. The company also offers MiS... [Read more]

Sector Technology
Founded 1983
Employees 573
Stock Exchange NASDAQ
Ticker Symbol MITK
Full Company Profile

Financial Performance

In 2023, Mitek Systems's revenue was $172.55 million, an increase of 19.16% compared to the previous year's $144.80 million. Earnings were $8.03 million, an increase of 117.30%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for MITK stock is "Strong Buy." The 12-month stock price forecast is $19.0, which is an increase of 56.12% from the latest price.

Price Target
$19.0
(56.12% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

CORRECTING and REPLACING Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results

SAN DIEGO--(BUSINESS WIRE)--Please replace the release dated April 15, 2024, with the following corrected version due to revisions to the sixth and seventh bulleted sentences, and to the first sentenc...

2 days ago - Business Wire

Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue 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...

2 days ago - Business Wire

Mitek to Report Fiscal 2024 First Quarter Financial Results on April 15, 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 intends to file its fiscal 2024 first ...

5 days ago - Business Wire

DataVisor Partners with Mitek to Strengthen Fraud Detection Ecosystem with Enhanced Check Fraud Protection

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--DataVisor, the world's leading AI-powered fraud and risk platform, announced today that it has partnered with Mitek (NASDAQ: MITK) to enhance the platform's com...

8 days ago - Business Wire

Nasdaq Hearings Panel Grants Mitek's Request for Continued Listing Pending Compliance with Filing Requirement

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 reported that on...

14 days ago - Business Wire

Mitek Reports Record Revenue and Earnings for Fiscal 2023

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 weeks ago - Business Wire

Mitek Provides Update on the Filing of Its Fiscal 2023 Annual Report on Form 10-K

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced that its Annual Report on Form 10-K is complet...

4 weeks ago - Business Wire

Mitek to File Its Fiscal 2023 Annual Report on Form 10-K Today and Will Host Earnings Call on March 19, 2024

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com, the “Company”), a global leader in digital identity and digital fraud prevention, today announced that it will file its Annual Re...

4 weeks ago - Business Wire

Mitek Supercharges Financial Institutions' Ability to Detect Check Fraud With MiControl

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK) today introduced MiControl, a comprehensive fraud management console that works with Mitek's Check Fraud Defender. MiControl quickly dete...

2 months ago - Business Wire

Mitek Announces Receipt of Notice from Nasdaq

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 that it receive...

2 months ago - Business Wire

Mitek Named to Digital ID & Authentication Council of Canada

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity and fraud prevention, has been appointed to the Digital ID & Authentication Council of Canada (DIACC...

3 months ago - Business Wire

Mitek Announces Extension of Nasdaq Stay and Hearing Date

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 announced that on Januar...

3 months ago - Business Wire

Mitek Named Winner at FinTech Finance 2023 FF Awards Ceremony

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK) was named winner in the Identity Verification and Know Your Customer category at FinTech Finance's 2023 FF Awards ceremony Nov. 28 in Lon...

4 months ago - Business Wire

Mitek Appoints David Lyle as Chief Financial Officer

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, Mitek or the Company), a global leader in digital identity and fraud prevention is pleased to announce the appointment of David Lyle as C...

4 months ago - Business Wire

Consumer Acceptance of Biometrics Opens Path to Confront Threat of AI Digital Fraud

SAN DIEGO--(BUSINESS WIRE)--A new International Data Corporation (IDC) InfoBrief, sponsored by Mitek (NASDAQ: MITK), Biometrics Key to Customer Satisfaction and Combating AI-Generated Fraud*, was rele...

4 months ago - Business Wire

Mitek Reports Preliminary Fiscal 2023 Full Year Financial Results and Provides Guidance for Fiscal 2024

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 preliminary fin...

4 months ago - Business Wire

Abrigo and Mitek partner to enhance fraud detection for financial institutions

AUSTIN, Texas , Nov. 28, 2023 /PRNewswire/ -- Abrigo, a leading provider of compliance, credit risk, and lending solutions for financial institutions, announced today a strategic partnership with Mite...

5 months ago - PRNewsWire

Concerned Stockholder Group Issues Second Public Letter to Mitek Systems' Board of Directors Regarding Necessary Capital Allocation, Governance and Operational Improvements

HOUSTON--(BUSINESS WIRE)--Hammana Partners LP, Bradley L. Radoff and Joshua E. Schechter (together with their affiliates, the “Concerned Stockholder Group” or “we”) today issued a second open letter t...

5 months ago - Business Wire

New Report Reveals Growing Small Business Check Fraud Problem

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK), a global leader in mobile deposits and fraud prevention, today released the 2023 Mobile Deposit Benchmark Report. The report offers insights into the ...

5 months ago - Business Wire

Mitek Recognized in 2023 Gartner® Market Guide for User Authentication

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity and fraud prevention, has been named a Representative Vendor in the Gartner, Inc. 2023 Market Guide ...

5 months ago - Business Wire

Mitek Reports Fiscal 2023 Third Quarter Financial Results; Reiterates 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 digital fraud prevention, today reported financi...

6 months ago - Business Wire

Mitek to Report Fiscal 2023 Third Quarter Financial Results on October 26, 2023

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 host a conference call and live w...

6 months ago - Business Wire

Mitek Appoints Technology Veteran Gillian Channer as Vice President of Identity Product Management

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK) is pleased to announce the appointment of Gillian Channer as the Vice President of Identity Product Management. With a distinguished career spanning pr...

6 months ago - Business Wire

Concerned Stockholder Group Issues Letter to Mitek Systems' Board of Directors Regarding the Urgent Need to Explore Strategic Alternatives

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

6 months ago - Business Wire

Mitek Announces Participation in the Maxim Group 2023 Virtual Tech Conference Series: Exploring All Corners of the Tech Sector

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in making digital access faster and more secure, today announced management's participation in the Maxim Group 2...

6 months ago - Business Wire