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Stock impact report

Mitek Reports Record Third Quarter Revenue, Up 37% Year Over Year

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, July 26, 2018 (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 third quarter of fiscal 2018 ended June 30, 2018. Fiscal Third Quarter 2018 Financial Highlights Revenue increased 37% year over year to a record $16.1 million.GAAP net loss of $(2.8) million, or $(0.08) per share.Non-GAAP net income of $2.1 million, or $0.06 per diluted share.Total cash and investments of $18.0 million at the end of the fiscal third quarter. Commenting on the results, James DeBello, Chairman and CEO of Mitek, said: “We had an excellent third quarter with revenues increasing 37% year over year, while reporting our eighteenth consecutive quarter of non-GAAP profitability. Banks, marketplaces and lenders continue to trust Mitek’s solutions to enable their digital commerce. Thanks to the team’s relentless focus on penetrating this market, we won a Show less Read more
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