Mitek Systems, Inc. (MITK)

Mitek Systems Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cash & Equivalents	84.35	58.91	32.06	30.31	19.99	16.75
Short-Term Investments	38.72	74.7	58.27	149.06	40.04	16.5
Cash & Short-Term Investments	123.07	133.61	90.33	179.37	60.02	33.25
Cash Growth	-3.96%	47.92%	-49.64%	198.84%	80.51%	90.26%
Receivables	58.41	50.49	42.96	20.68	20.8	17.29
Prepaid Expenses	11.52	3.51	1.95	1.92	1.34	1.49
Other Current Assets	2.68	2.4	2.62	2.09	1.97	2.11
Total Current Assets	195.68	190.01	137.85	204.06	84.13	54.13
Property, Plant & Equipment	5.45	6.97	8.65	10.73	9.02	4.23
Long-Term Investments	10.16	1.3	10.63	48.05	1.96	1.55
Goodwill	126.27	123.55	115.63	63.1	35.67	32.64
Other Intangible Assets	55.16	64.67	75.76	28.73	19.29	24.41
Long-Term Accounts Receivable	1.79	5.58	4.22	4.41	4.47	0.58
Long-Term Deferred Tax Assets	13.27	11.65	10.11	10.51	13.48	16.6
Other Long-Term Assets	1.45	1.65	1.63	50.11	1.14	1.77
Total Assets	409.23	405.38	364.48	419.69	169.15	135.9
Accounts Payable	6.28	7.59	4.97	2.51	3.91	3.56
Accrued Expenses	11.39	10.86	10.6	12.26	8.88	6.41
Current Portion of Long-Term Debt	0.2	0.2	0.1	0.1	0.1	0.2
Current Portion of Leases	0.75	1.9	2.11	1.94	1.82	-
Current Income Taxes Payable	0.13	4.33	0.21	-	-	-
Current Unearned Revenue	23.75	17.36	21.35	10.38	7.97	5.61
Other Current Liabilities	1.42	9.26	9.12	12.02	1.67	4.27
Total Current Liabilities	43.91	51.5	48.46	39.21	24.36	20.05
Long-Term Debt	143.63	136.62	129.17	121.62	0.6	0.4
Long-Term Leases	2.41	2.87	4.11	6.59	5.33	-
Long-Term Unearned Revenue	1.26	0.96	1.78	0.96	1.6	0.74
Long-Term Deferred Tax Liabilities	6.7	6.48	9.58	4.12	4.65	5.56
Other Long-Term Liabilities	1.69	1.77	0.41	54.38	0.38	1.83
Total Liabilities	199.59	200.19	193.5	226.86	36.91	28.56
Common Stock	0.05	0.05	0.04	0.04	0.04	0.04
Additional Paid-In Capital	244.11	228.69	216.49	199.94	146.52	132.16
Retained Earnings	-24.65	-9.31	-17.34	-6.07	-13.99	-20.81
Treasury Stock	-	-	-	-0.14	-	-
Comprehensive Income & Other	-9.87	-14.24	-28.22	-0.94	-0.32	-4.06
Shareholders' Equity	209.64	205.19	170.98	192.83	132.24	107.33
Total Liabilities & Equity	409.23	405.38	364.48	419.69	169.15	135.9
Total Debt	146.99	141.59	135.49	130.25	7.85	0.6
Net Cash (Debt)	-23.92	-7.97	-45.16	49.12	52.18	32.65
Net Cash Growth	-	-	-	-5.86%	59.80%	95.79%
Net Cash Per Share	-0.52	-0.17	-0.99	1.09	1.23	0.83
Filing Date Shares Outstanding	46.2	46.79	45.51	44.61	42.52	40.86
Total Common Shares Outstanding	46.15	45.59	44.68	44.16	41.78	40.37
Working Capital	151.78	138.51	89.4	164.85	59.77	34.08
Book Value Per Share	4.54	4.50	3.83	4.37	3.17	2.66
Tangible Book Value	28.2	16.97	-20.41	101	77.29	50.29
Tangible Book Value Per Share	0.61	0.37	-0.46	2.29	1.85	1.25
Machinery	-	4.39	4.09	3.65	4.16	3.57
Leasehold Improvements	-	2.61	2.55	2.62	3.64	3.58

Source: S&P Capital IQ. Standard template. Financial Sources.