Mitek Systems

Mitek Systems, Inc. engages in the innovation of mobile capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, Mobile Docs, A2iA CheckReader, A2iA XE, A2iA DocumentReader, A2iA TextReader, and ICAR ID_CLOUD. The company was founded in 1986 and is headquartered in San Diego, CA.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2025

Mitek Systems reports record fiscal 2022 earnings and growth opportunities

Mitek Systems delivered a strong performance in fiscal 2022, achieving record revenue and net income, driven by growth in deposits and identity businesses.
While facing legal challenges and aiming for breakeven in the identity business by 2024, Mitek remains focused on sustaining growth and operational efficiency.
The company's strategic focus on innovation, market positioning, and legal defense sets the stage for continued success and revenue expansion.
With a positive outlook for fiscal 2023 and opportunities for growth in biometric identity verification, Mitek is poised for continued success in the market.

Mitek Systems achieves record revenue in fiscal 2022, anticipates growth

Mitek Systems delivered strong financial performance in fiscal 2022, driven by robust growth in both the deposits and identity businesses. While facing challenges related to expenses and regulatory compliance, the company is well-positioned to capitalize on the expanding market and anticipates continued revenue growth in fiscal 2023.

Mitek Systems reports record Q2 revenue and advances biometric solutions

Mitek Systems delivered a strong performance in Q2 2023, driven by record revenue and growth in key business segments, showcasing resilience and innovation.
While facing challenges such as macroeconomic impacts and evolving security threats, Mitek's strategic focus on identity verification and financial management strengths position it well for future growth.
With opportunities in expanding biometric solutions, addressing emerging threats, and strategic market exploration, Mitek remains poised for continued success in the digital security landscape.

Mitek Systems reports record Q3 revenue, poised for growth

Mitek Systems delivered a strong Q3 performance with record revenue and notable growth in key revenue streams.
The company's focus on identity verification and innovative solutions underscores its market strength and growth potential.
While facing challenges in executive transitions and revenue recognition, Mitek's opportunities lie in market expansion and technology advancement.
Overall, Mitek's Q3 earnings call highlights its resilience, innovation, and strategic positioning for future growth.

Mitek Systems (MITK) posts strong Q4 results, eyes growth opportunities

Mitek Systems shows robust growth with strong financials and strategic wins
Challenges include managing expenses and competitive pressures in the market
Opportunities lie in expanding product offerings and capital allocation plans
Guidance on non-GAAP operating margin signals confidence in future performance

Mitek Systems projects solid revenue growth amidst identity market opportunities

Mitek Systems anticipates strong growth in deposits and identity products, with a focus on Check Fraud Defender's expansion. The company's strategic focus on biometrics and fraud prevention positions it well for future market trends.

Mitek Systems reports revenue growth and CEO transition plans

Mitek Systems (MITK) reported a solid Q2 2024 performance with revenue growth, strong gross margins, and a focus on growth products and operational efficiency.
While facing challenges such as increased operating expenses and revenue uncertainty, the company maintains financial stability and confidence in its long-term prospects.
Opportunities lie in margin expansion, revenue diversification through growth products, and leadership enhancement through the CEO search process.
Overall, Mitek's strategic initiatives and financial position position it well for future growth and market leadership in the identity verification space.

Mitek Systems reports Q3 revenue growth amidst challenges and opportunities

Mitek Systems reported mixed performance in Q3 2024 with revenue growth but challenges from biometrics revenue shortfalls and campaign delays.
The company is strategically focusing on product optimization, deepfake detection, and partnerships to drive future growth and profitability.
While facing challenges in revenue outlook and profitability, Mitek is actively pursuing opportunities through product integration and customer segment targeting.

Mitek Systems reports robust revenue growth and profitability outlook for FY25

Mitek Systems delivered strong financial performance, showcasing revenue growth and margin improvement. The company faces challenges in operational infrastructure and leadership stability but is proactively addressing them. With a focus on organic growth and profitability, Mitek Systems aims to capitalize on opportunities for expansion and value creation in the upcoming fiscal year.

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Mitek Systems, Inc. engages in the development of mobile capture and digital identity verification solutions. The company was founded in 1986 and is headquartered in San Diego, CA.

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Mitek Systems, Inc. (NASDAQ:MITK ) Q3 2022 Earnings Conference Call July 28, 2022 4:30 PM ET Company Participants Todd Kehrli - Investor Relations Max Carnecchia - Chief Executive Officer Frank Teruel - Chief Financial Officer Conference Call Participants Jake Roberge - William Blair Mike Grondahl - Northland Securities Scott Buck - H.C. Wainwright Allen Klee - Maxim Group Operator Good day, and welcome to Mitek's Third Quarter 2022 Earnings conference call.

Mitek Systems, Inc. (MITK) CEO Max Carnecchia on Q3 2022 Results - Earnings Call Transcript

Mitek Systems (MITK) delivered earnings and revenue surprises of 9.52% and 8.26%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Mitek Systems (MITK) Q3 Earnings and Revenues Top Estimates

SAN DIEGO--(BUSINESS WIRE)--Mitek Delivers Record Revenue in Fiscal Third Quarter, Up 24% Year Over Year

Mitek Delivers Record Revenue in Fiscal Third Quarter, Up 24% Year Over Year

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital access, today announced that it will release its financial results for the third quarter of fiscal 2022, ended June 30, 2022, on Thursday, July 28, 2022, after the close of the market. Mitek management will host a conference call and live webcast for analysts and investors on July 28, 2022 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the company's financial results. To access the

Mitek to Report Third Quarter Fiscal 2022 Financial Results on July 28, 2022

SAN DIEGO--(BUSINESS WIRE)--As consumers transact more business online than ever, identity verification has become essential to safe digital access. Now Mitek is making it possible for companies to protect customers' digital experiences from the moment they open an account through their entire journey. Almost 50% of U.S. citizens were victims of some form of identity theft between 2020 and 2022, according to the National Council on Identity Theft Protection. Most common forms of identity fraud

Mitek Makes Digital Access Faster and More Secure Than Ever

SAN DIEGO--(BUSINESS WIRE)--Mitek to Present at the William Blair 42nd Annual Growth Stock Conference on June 7, 2022

Mitek to Present at the William Blair 42nd Annual Growth Stock Conference on June 7, 2022

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK), a global leader in digital identity solutions, today announced that industry veteran Chris Briggs has been named Head of Product to expand and advance the company's biometric and fraud detection capabilities. Briggs will steer Mitek's product strategy including integrations stemming from recent and future acquisitions. The announcement comes at a pivotal time as the industry rapidly evolves to empower consumers to control their own portable iden

Mitek Appoints Industry Veteran Chris Briggs as Head of Product

Without negative legal developments, a profitable and cash generative MITK does not deserve such a reversal on just a slight softening of growth guidance. Updating our options valuation of MITK's uncontested business shows it's undervalued given the high-tech angle and great growth profile.

Mitek's Legal Overhang Sees No Development, Declines Unjustified

Mitek Systems, Inc. (NASDAQ:MITK ) Q2 2022 Results Conference Call April 28, 2022 4:30 PM ET Company Participants Todd Kehrli - Investor Relations Max Carnecchia - Chief Executive Officer Frank Teruel - Chief Financial Officer Conference Call Participants Jake Roberge - William Blair Allen Klee - Maxim Group Mike Grondahl - Northland Securities Operator Good day, and welcome to the Mitek Systems' Second Quarter 2022 Financial Results Conference Call. Today's conference is being recorded.

Mitek Systems, Inc. (MITK) CEO Max Carnecchia on Q2 2022 Results - Earnings Call Transcript

Mitek Systems (MITK) delivered earnings and revenue surprises of 20% and 4.94%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Mitek Systems (MITK) Q2 Earnings and Revenues Beat Estimates

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity (ID) and fraud prevention solutions, today reported financial results for its second quarter of fiscal 2022 ended March 31, 2022. Total revenue increased 21% year over year as commerce continues its rapid shift to digital channels. Mitek capped the quarter with the March acquisition of HooYu, the United Kingdom's leading Know Your Customer (KYC) tec

Mitek Delivers 21% Year Over Year Revenue Growth and Transformative Acquisition of Orchestration Provider During the Quarter

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 release its financial results for the second quarter of fiscal 2022, ended March 31, 2022, on Thursday, April 28, 2022, after the close of the market. Mitek management will host a conference call and live webcast for analysts and investors on April 28, 2022 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the company'

Mitek to Report Second Quarter Fiscal 2022 Financial Results on April 28, 2022

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK), a global leader in digital identity (ID) verification and fraud prevention, today announced the acquisition of UK's leading KYC (know your customer) technology pioneers, HooYu. The acquisition helps to ensure businesses know the true identity of their customers by linking biometric verification with real-time bureau and sanction database checks. The United Nations (UN) estimates that up to *three percent of the world's GDP – or nearly two trilli

Mitek Acquires UK-based HooYu in All Cash GBP 98 Million Deal

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems Announces Election of New Board Members and Appointment of New General Counsel

Mitek Systems Announces Election of New Board Members and Appointment of New General Counsel

NEW YORK--(BUSINESS WIRE)-- #IoT--Humans have far greater difficulty identifying images of biometric spoofing attacks compared to computers performing the same task, according to research released today by ID R&D, a provider of AI-based voice and face biometrics and liveness detection technologies. The new research report, Human or Machine: AI Proves Best at Spotting Biometric Attacks, finds that computers are more adept than people at accurately and quickly determining whether a photo is of an ac

AI More Accurate Than People at Identifying Biometric Spoofs, New Study Shows

Mitek Systems' (MITK) CEO Max Carnecchia on Q1FY2022 Results - Earnings Call Transcript

Mitek Systems (MITK) delivered earnings and revenue surprises of 57.14% and 13.76%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Mitek Systems (MITK) Beats Q1 Earnings and Revenue Estimates

Mitek's core business has 98% market share in the mobile checking deposit industry.

Mitek Systems' Monopoly Status Will Allow It To Exert Pricing Power

SAN DIEGO--(BUSINESS WIRE)--Mitek Reports 25% Year Over Year Revenue Growth and Another Record Quarter

Mitek Reports 25% Year Over Year Revenue Growth and Another Record Quarter

Mitek Systems (MITK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mitek Systems (MITK) to Report Q1 Results: What to Expect

SAN DIEGO--(BUSINESS WIRE)--Mitek to Report First Quarter Fiscal 2022 Financial Results on January 27, 2022

Mitek to Report First Quarter Fiscal 2022 Financial Results on January 27, 2022

Mitek delivers another great quarter, a testament to the growth in its markets at the quality of its products.

Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains

Mitek Systems (MITK) delivered earnings and revenue surprises of 29.41% and -0.41%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Mitek Systems (MITK) Beats Q4 Earnings Estimates

Mitek Systems' (MITK) CEO Max Carnecchia on Q3 2021 Results - Earnings Call Transcript

News for Mitek Systems Stock (MITK)