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Stock impact report

Mitek Reports 46% Revenue Growth in Record First Quarter

Mitek Systems, Inc. (MITK) 
Last mitek systems, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.miteksystems.com
Company Research Source: GlobeNewswire
SAN DIEGO, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identity verification solutions, today announced its financial results for the first quarter of fiscal 2019 ended December 31, 2018. Fiscal First Quarter 2019 Financial Highlights Total revenue increased 46% year over year to $17.7 million.GAAP net loss of $(3.2) million, or $(0.08) per share.Non-GAAP net income of $1.0 million, or $0.03 per diluted share.Cash flow from operations was $2.3 million.Total cash and investments of $19.7 million at the end of the fiscal first quarter. Commenting on the results, Max Carnecchia, CEO of Mitek, said: “Our quarterly financial results include solid double-digit revenue growth in both of our product families and reflect the continued positive momentum we are generating and the hard work of our entire team. We continue to dominate the mobile check deposit market with our industry leading solution. And in ID v Show less Read more
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