Mitek Systems' (MITK) Q1 Earnings & Revenues Decline Y/Y [Yahoo! Finance]
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
investors.miteksystems.com
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Source: Yahoo! Finance
Revenues decreased 19.2% year over year to $36.9 million from $45.7 million a year ago. The top-line decline was mainly due to tougher year-over-year comparisons. In the first quarter of fiscal 2023, the company secured a big multi-year mobile check deposit reorder with a single customer. The led to the pulling forward of $7 million of future revenues in the first quarter of fiscal 2023. It also included $2.7 million of revenues that was recognized in the first quarter of fiscal 2024. Following the announcement, shares of MITK are down 2.6% in premarket trading on Apr 16. The company also issued preliminary second-quarter fiscal 2024 revenue results. The company anticipates second-quarter fiscal 2024 revenues in the band of $46 million to $47 million. Mitek Systems, Inc. Price, Consensus and EPS Surprise Mitek Systems, Inc. price-consensus-eps-surprise-chart | Mitek Systems, Inc. Quote Quarterly Details Software & Hardware revenues (43.3% of total revenues) declined 39%
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MITK
News
- MITK On Track To Achieve Full-Year Targets Despite Slow Start [Forbes]Forbes
- Mitek Systems, Inc. (NASDAQ: MITK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Mitek Systems, Inc. (NASDAQ:MITK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mitek Systems, Inc. (NASDAQ: MITK) had its price target raised by analysts at Craig Hallum from $17.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Mitek Systems, Inc. (NASDAQ: MITK) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $19.00 price target on the stock.MarketBeat
MITK
Sec Filings
- 4/24/24 - Form 8-K
- 4/17/24 - Form 8-K/A
- 4/15/24 - Form 10-Q
- MITK's page on the SEC website