Mitek Reports 46% Revenue Growth in Record First Quarter
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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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
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News
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- 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
- Mitek Reports Record Revenue and Earnings for Fiscal 2023 [Yahoo! Finance]Yahoo! Finance
- Mitek Reports Record Revenue and Earnings for Fiscal 2023Business Wire
MITK
Analyst Actions
- 3/20/24 - HC Wainwright
MITK
Sec Filings
- 3/19/24 - Form 10-K
- 3/19/24 - Form 8-K
- 2/14/24 - Form 8-K
- MITK's page on the SEC website