Mitek Reports Record Second Quarter with 16% Revenue Growth and Significant Increase in Non-GAAP Net Income
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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Source: GlobeNewswire
SAN DIEGO, April 30, 2020 (GLOBE NEWSWIRE) -- Mitek (NASDAQ: MITK, http://www.miteksystems.com), a global leader in mobile capture and digital identity verification solutions, today announced its financial results for the second quarter of fiscal 2020 ended March 31, 2020. Fiscal Second Quarter 2020 Financial Highlights Total revenue increased by $3.2 million or 16% year over year to $23.2 million in a record second quarter.GAAP net income was $0.9 million, or $0.02 per diluted share.Non-GAAP net income was $5.4 million, or $0.13 per diluted share, an increase of 98% year over year.Cash flow from operations was $3.2 million.Total cash and investments were $42.5 million at the end of the fiscal second quarter. Commenting on the results, Max Carnecchia, CEO of Mitek, said: “We are pleased to report record revenue, significantly improved profitability and solid cash flow generation for the fiscal second quarter. In this challenging global bus
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MITK
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- 8/7/25 - Beat
MITK
Sec Filings
- 11/21/25 - Form 4
- 11/21/25 - Form 4
- 11/21/25 - Form 4
- MITK's page on the SEC website