Mitek Systems, Inc. (MITK)

Mitek Systems Income Statement

Financials in millions USD. Fiscal year is October - September.

Year	2023	2022	2021	2020	2019
Revenue	172.55	144.8	119.8	101.31	84.59
Revenue Growth (YoY)	19.16%	20.87%	18.25%	19.77%	33.09%
Cost of Revenue	22.95	20.01	14.54	13.19	12.27
Gross Profit	149.6	124.8	105.26	88.12	72.32
Selling, General & Admin	83.89	65.43	54.99	49.93	44.41
Research & Development	28.99	30.19	28.04	22.86	21.87
Other Operating Expenses	21.16	16.97	8.95	6.46	10.63
Operating Expenses	134.04	112.6	91.98	79.25	76.91
Operating Income	15.56	12.2	13.28	8.87	-4.59
Interest Expense / Income	9.06	8.23	5.13	0	0
Other Expense / Income	-3.84	0.37	-0.65	-0.54	-0.6
Pretax Income	10.34	3.6	8.8	9.41	-3.99
Income Tax	2.31	-0.09	0.82	1.6	-3.26
Net Income	8.03	3.69	7.98	7.81	-0.72
Net Income Growth	117.30%	-53.70%	2.10%	-	-
Shares Outstanding (Basic)	46	45	44	41	39
Shares Outstanding (Diluted)	46	46	45	43	39
Shares Change	1.49%	1.55%	6.00%	8.11%	9.86%
EPS (Basic)	0.18	0.08	0.18	0.19	-0.02
EPS (Diluted)	0.17	0.08	0.18	0.18	-0.02
EPS Growth	112.50%	-55.56%	0%	-	-
Free Cash Flow	30.55	19.99	35.95	23.32	13.19
Free Cash Flow Per Share	0.67	0.45	0.83	0.56	0.34
Gross Margin	86.70%	86.18%	87.86%	86.98%	85.50%
Operating Margin	9.02%	8.43%	11.08%	8.75%	-5.43%
Profit Margin	4.65%	2.55%	6.66%	7.71%	-0.86%
Free Cash Flow Margin	17.71%	13.81%	30.01%	23.02%	15.59%
Effective Tax Rate	22.38%	-2.55%	9.36%	16.95%	-
EBITDA	38.12	26.78	22.88	17.35	4.42
EBITDA Margin	22.09%	18.50%	19.09%	17.13%	5.23%
Depreciation & Amortization	18.72	14.95	8.94	7.94	8.41
EBIT	19.4	11.83	13.93	9.41	-3.99
EBIT Margin	11.25%	8.17%	11.63%	9.29%	-4.71%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).