Mitek Announces $15 Million Share Repurchase Program
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK), a global leader in mobile capture and digital identity verification solutions, today announced that its Board of Directors authorized a share repurchase program for up to $15 million of its outstanding common stock. The company intends to fund the share repurchases from cash on hand and cash generated from operations. As of March 31, 2021, the Company had cash and investments of approximately $219.5 million and approximately 43.1 million shares of common stock outstanding.“Today’s announcement reflects our confidence in the Mitek business and successful execution of our multi-year growth strategy,” said Max Carnecchia, Mitek CEO. “Our ability to deliver profitable growth year over year enables us to invest in the business and begin returning capital to our shareholders. This repurchase program also allows us to offset the dilutive impact of our recent acquisition of ID R&D.”The stock repurchase program is effective immediately and
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- Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue ResultsBusiness Wire
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MITK
Analyst Actions
- 3/20/24 - HC Wainwright
MITK
Sec Filings
- 4/15/24 - Form 10-Q
- 4/15/24 - Form 8-K
- 4/3/24 - Form 8-K
- MITK's page on the SEC website