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Market Cap 525.44M P/E 168.00 EPS this Y 6.30% Ern Qtrly Grth -94.50%
Income -7.38M Forward P/E 10.14 EPS next Y 14.90% 50D Avg Chg 12.00%
Sales 164.61M PEG 0.88 EPS past 5Y 22.39% 200D Avg Chg 17.00%
Dividend N/A Price/Book 3.08 EPS next 5Y 15.00% 52W High Chg -2.00%
Recommedations 1.70 Quick Ratio 4.04 Shares Outstanding 46.79M 52W Low Chg 37.00%
Insider Own 2.45% ROA -0.42% Shares Float 42.19M Beta 1.12
Inst Own 80.91% ROE -3.52% Shares Shorted/Prior 4.74M/3.54M Price 11.76
Gross Margin 85.58% Profit Margin -4.49% Avg. Volume 309,159 Target Price 19.20
Oper. Margin 3.04% Earnings Date May 13 Volume 761,529 Change 6.81%
About Mitek Systems, Inc.

Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.

Mitek Systems, Inc. News
08:27 AM Viewpointe and Mitek announce partnership to strengthen check fraud detection
02:06 AM Mitek Systems Inc (MITK) Q2 2024 Earnings Call Transcript Highlights: Navigating Growth and ...
05/13/24 N-iX enhances partnership with Mitek Systems to offer strengthened fraud prevention services
05/13/24 Mitek Announces $50 Million Share Repurchase Program
05/13/24 Mitek Reports Fiscal 2024 Second Quarter Financial Results and Reiterates 2024 Fiscal Full Year Guidance
05/13/24 Mitek Announces CEO Transition
05/09/24 Investors Will Want Mitek Systems' (NASDAQ:MITK) Growth In ROCE To Persist
05/08/24 Mitek to File Its Fiscal 2024 Second Quarter Form 10-Q on May 10, 2024 and Hold Earnings Call on May 13, 2024
05/08/24 Q&A: Mitek and why soaring fraud remains dangerous in financial services
05/07/24 Soaring scam and fraud sophistication remains top challenge for financial services sector
05/07/24 Soaring Scam and Fraud Sophistication Remains Top Challenge Threatening to Overwhelm the Global Financial Services Sector
05/06/24 Mitek Named Winner of Coveted Global Information Security Award During RSA Conference 2024
05/06/24 Seasoned Industry Leader Peter Martis Appointed at ID R&D to Drive Explosive Growth Initiatives
05/04/24 Unseen Winners: 3 Stocks Ready for a Triple-Digit Rise
05/02/24 20 Fastest Growing Fintech Companies In 2024
04/17/24 Mitek Systems, Inc. (NASDAQ:MITK) Q1 2024 Earnings Call Transcript
04/16/24 Silent Surge: The 3 Stocks Quietly Making Millionaires
04/16/24 Mitek Systems' (MITK) Q1 Earnings & Revenues Decline Y/Y
04/16/24 Q1 2024 Mitek Systems Inc Earnings Call
04/16/24 Mitek Systems Inc (MITK) Reports Mixed Q1 Results and Provides Q2 Revenue Outlook
MITK Chatroom

User Image Stocksrunner Posted - 22 hours ago

Today's top trending stocks: $HUYA: HUYA beats revenue estimates in Q1 but faces challenges in the game streaming sector. $ALL: Allstate shines in the insurance sector. $MITK: Mitek Systems reports weak Q2 profit despite a buyback announcement. $BITF: Bitfarms undergoes leadership changes amidst earnings rescheduling. $LIVE: Live Ventures sees a 30% sales boost from strategic acquisitions. https://stocksrunner.com/trending

User Image RedStar_Empire Posted - 23 hours ago

$MITK this has been so kind to me πŸ™πŸš€

User Image Islands31 Posted - 23 hours ago

$MITK This is beginning to look like a winner πŸ₯‡

User Image Douglas72 Posted - 1 day ago

$Mitk Phil, I hope your wishes bring us to new highs

User Image Stocksrunner Posted - 1 day ago

πŸ“ˆ Earnings Reports & Potential Impacts $HUYA: Huya beats earnings expectations with strong performance. $ISPC: iSpecimen reports mixed Q1 2024 results amidst strategic shifts. $MITK: Mitek Systems Inc. posts weak Q2 profit and plans CEO termination. $SOFI: SoFi Technologies raises earnings forecast for 2024 amid strong growth. $TOST: Toast stock jumps on revenue growth and raised guidance. Stay tuned for market reactions and potential opportunities! https://stocksrunner.com/earnings

User Image Save_the_Manatee Posted - 1 day ago

$MITK Wow. A lot of news. @lobstah -- I think your wishes have all come true. Incidentally, it looks like the gross revenue jumped back up around $10M from the first quarter, as expected, and that the drop in net income is due to increased general/admin costs, with some additional R&D costs, too. They're blaming an increased head count for some, but not all of it. I'll be looking for confirmation that those other increased costs were mostly a one-time event. This might be the most interesting conf call in a while.

User Image epsguid Posted - 1 day ago

$MITK reported earnings of $0.18, consensus was $0.22 via @eWhispers #epsmiss http://eps.sh/d/mitk

User Image DonCorleone77 Posted - 1 day ago

$MITK Mitek Systems backs FY24 revenue view $180M-$185M, consensus $181.52M Mitek expects full-year revenue to be between $180.0 million and $185.0 million, a 6% growth rate at the midpoint of the range. In fiscal 2023, Mitek signed a large multi-year mobile deposit reorder with one customer that locked in favorable pricing over a four-year period. Due to the unique terms of this contract, Mitek recognized additional license revenue relating to future years of approximately $7.0 million in fiscal 2023. If the Company backs out the future year revenue of $7 million from its fiscal 2023 revenue and attributes the $2.7 million that would have been attributable to fiscal 2024 to the midpoint of the fiscal 2024 revenue guidance, it would represent growth of approximately 12.0% at the midpoint. Mitek expects its non-GAAP operating margin for fiscal 2024 to be between 30.0% and 31.0%.

User Image DonCorleone77 Posted - 1 day ago

$MITK Mitek Systems announces $50M share repurchase program Mitek Systems announced that its Board of Directors has authorized a two year share repurchase program for up to $50M of its common stock.

User Image DonCorleone77 Posted - 1 day ago

$MITK Mitek Systems reports Q2 adjusted EPS 24c, consensus 27c Reports Q2 revenue $47M, consensus $46.44M. "Today, we are reiterating our fiscal 2024 guidance. Our recent product innovations, including Check Fraud Defender, MiVIP, MiPass, and ID R&D biometrics, are gaining market acceptance, positioning us well for continued growth. We're harnessing advanced AI and machine learning to enhance trust and convenience in digital interactions. All of this gives us confidence in our ability to profitably grow revenue. As such, we announced today in a separate press release that our Board of Directors has authorized a two year share repurchase program for up to $50 million of our common stock. Using our strong balance sheet to reduce the number of outstanding common shares, we believe we can increase shareholder value while maintaining sufficient cash resources to fund our operations, invest in our new growth products and service our existing debt obligations."

User Image Stock_Titan Posted - 1 day ago

$MITK Mitek Announces $50 Million Share Repurchase Program https://www.stocktitan.net/news/MITK/mitek-announces-50-million-share-repurchase-4yt6635qp9gf.html

User Image Stock_Titan Posted - 1 day ago

$MITK Mitek Reports Fiscal 2024 Second Quarter Financial Results and Reiterates 2024 Fiscal Full Year Guidance https://www.stocktitan.net/news/MITK/mitek-reports-fiscal-2024-second-quarter-financial-results-and-brbk8b1zln1n.html

User Image Stock_Titan Posted - 1 day ago

$MITK Mitek Announces CEO Transition https://www.stocktitan.net/news/MITK/mitek-announces-ceo-m8ofkkupdj8y.html

User Image Islands31 Posted - 3 days ago

$MITK Did earnings get canceled?

User Image Stock_Titan Posted - 5 days ago

$MITK Mitek to File Its Fiscal 2024 Second Quarter Form 10-Q on May 10, 2024 and Hold Earnings Call on May 13, 2024 https://www.stocktitan.net/news/MITK/mitek-to-file-its-fiscal-2024-second-quarter-form-10-q-on-may-10-121zt0vpqmhn.html

User Image Stock_Titan Posted - 1 week ago

$MITK Seasoned Industry Leader Peter Martis Appointed at ID R&D to Drive Explosive Growth Initiatives https://www.stocktitan.net/news/MITK/seasoned-industry-leader-peter-martis-appointed-at-id-r-amp-d-to-1yng05euhblv.html

User Image StockInvest_us Posted - 04/25/24

Signal alert: $MITK - Oversold Trend Short (Undervalued) https://stockinvest.us/l/P3qBAgKyPW

User Image TickerDD_com Posted - 04/23/24

From 4/18/2024, looking back across 22 Month-Ends for MITK, Percentage Change of Average Monthly Price had Equal (50%) while Percentage Change of Average Monthly Volume had All Positives (100%) $MITK #MITK #MITKStock #TickerDD https://www.youtube.com/watch?v=jY7jhjODuq8

User Image TI7812 Posted - 04/23/24

$MITK trimming some

User Image aghoghari Posted - 04/19/24

$MITK it would be in range of 13-14 till next earnings

User Image TI7812 Posted - 04/18/24

$MITK a dude I've followed for years on Twitter did wrote up his bullish thinking on MITK. See link below. He's been bullish MITK for at least 2 years IIRC. My take. Sales will pickup dramatically the rest of this year to at least $47.7M for each of the next 3 quarters in order to meet the FY'24 guide of Revenue $180M (guide is $180M to $185M). Started buying shares today @ about $12.15/sh I'll add more on significant weakness. https://twitter.com/Crussian17/status/1779998205209719056

User Image Noob312 Posted - 04/18/24

$MITK any info on max pain? I didn't expect this drop on that guidance but think this is a great buying opportunity.

User Image aghoghari Posted - 04/17/24

$MITK pump and dump scandal

User Image aghoghari Posted - 04/17/24

$MITK what a piece of shit

User Image lobstah Posted - 04/17/24

$MITK HC Wainwright reiterates Buy rating, $19 target

User Image OpenOutcrier Posted - 04/16/24

$MITK (-2.9% pre) Mitek Systems Inc (MITK) Reports Mixed Q1 Results and Provides Q2 Revenue Outlook - gf https://ooc.bz/l/30468

User Image lola777 Posted - 04/16/24

$MITK these will be the worst earnings in 2024.. be prepared for new highs in the upcoming weeks.. easy hold.. Enjoy

User Image lobstah Posted - 04/16/24

$MITK Craig-Hallum raises target price to $19 from $17

User Image RiskVsReward Posted - 04/16/24

Beautiful chart here, looking at price action. Congrats to all my bulls and bears out there! $MITK

User Image RabbitM Posted - 04/16/24

$MITK πŸ€¦πŸ»β€β™‚οΈRevenue was down 19% to $36.9 million in the quarter, falling short of the $39 million expected by analysts.

Analyst Ratings
Craig-Hallum Buy Apr 16, 24
HC Wainwright & Co. Buy Apr 16, 24
HC Wainwright & Co. Buy Mar 20, 24
Craig-Hallum Buy Dec 14, 23
HC Wainwright & Co. Buy Sep 15, 23
HC Wainwright & Co. Buy Jul 3, 23
HC Wainwright & Co. Buy Jun 15, 23
HC Wainwright & Co. Buy May 9, 23
HC Wainwright & Co. Buy Jul 29, 22
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Briggs Christopher H Other Other Nov 30 Sell 10.97 3,806 41,752 92,673 12/12/23
Briggs Christopher H Other Other Nov 30 Option 0 9,018 96,479 12/12/23
Diamond Michael E Other Other Nov 14 Sell 10.77 3,000 32,310 218,471 11/16/23
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Nov 06 Sell 10.55 4,121 43,477 371,918 11/16/23
Briggs Christopher H Other Other May 16 Option 9.43 4,913 46,330 58,826 05/18/23
Ritter Stephen Chief Technology Off.. Chief Technology Officer Nov 28 Sell 10.71 2,797 29,956 182,310 11/30/22
Diamond Michael E - - Nov 28 Sell 10.71 3,019 32,333 197,033 11/30/22
Teruel Frank CFO CFO Nov 28 Sell 10.71 450 4,820 66,642 11/30/22
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Nov 28 Sell 10.71 26,693 285,882 278,287 11/30/22
Ritter Stephen Chief Technology Off.. Chief Technology Officer Nov 07 Sell 11.29 1,419 16,021 186,906 11/09/22
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Nov 07 Sell 11.29 8,502 95,988 304,980 11/09/22
Diamond Michael E - - Nov 07 Sell 11.29 2,624 29,625 203,047 11/09/22
Diamond Michael E - - Mar 25 Sell 14.22 572 8,134 205,671 03/29/22
Gray Jason GC, Secretary & Admi.. GC, Secretary & Admin Officer Mar 21 Option 0 8,939 121,345 03/23/22
Gray Jason GC, Secretary & Admi.. GC, Secretary & Admin Officer Mar 21 Sell 14.2 3,589 50,964 118,921 03/23/22
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Mar 21 Option 0 27,503 322,214 03/23/22
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Mar 21 Sell 14.2 9,957 141,389 313,482 03/23/22
Ritter Stephen Chief Technology Off.. Chief Technology Officer Mar 21 Option 0 6,876 189,810 03/23/22
Ritter Stephen Chief Technology Off.. Chief Technology Officer Mar 21 Sell 14.2 2,840 40,328 187,664 03/23/22
Diamond Michael E - - Mar 21 Option 0 12,376 208,714 03/23/22
Diamond Michael E - - Mar 21 Sell 14.2 3,696 52,483 206,243 03/23/22
Diamond Michael E - - Dec 23 Option 0 58 196,368 12/28/21
Diamond Michael E - - Dec 23 Sell 16.69 30 501 196,338 12/28/21
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Dec 23 Option 0 331 294,882 12/28/21
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Dec 23 Sell 16.69 171 2,854 294,711 12/28/21
AULET WILLIAM K Director Director Dec 07 Sell 17.66 16,600 293,156 55,791 12/09/21
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Nov 26 Option 0 28,154 319,668 11/30/21
CARNECCHIA SCIPIO MAXIMUS Chief Executive Offi.. Chief Executive Officer Nov 26 Sell 16.73 25,117 420,207 294,551 11/30/21
Ritter Stephen Chief Technology Off.. Chief Technology Officer Nov 26 Option 0 4,223 185,534 11/30/21
Ritter Stephen Chief Technology Off.. Chief Technology Officer Nov 26 Sell 16.73 2,630 44,000 182,904 11/30/21
Diamond Michael E - - Nov 26 Option 0 4,927 199,367 11/30/21
Diamond Michael E - - Nov 26 Sell 16.73 3,057 51,144 196,310 11/30/21
Gray Jason GC, Secretary & Admi.. GC, Secretary & Admin Officer Nov 29 Option 0 4,469 116,843 11/30/21
Gray Jason GC, Secretary & Admi.. GC, Secretary & Admin Officer Nov 29 Sell 16.73 2,783 46,560 114,060 11/30/21
THOMPSON JANE J. Director Director Dec 17 Sell 16.25 43,408 705,380 46,773 12/17/20
DAVISON JEFFREY C Chief Financial Offi.. Chief Financial Officer Dec 14 Option 9.05 31,265 282,948 204,030 12/14/20
DAVISON JEFFREY C Chief Financial Offi.. Chief Financial Officer Dec 14 Sell 13.97 39,325 549,370 164,705 12/14/20
THOMPSON JANE J. Director Director Dec 14 Option 6.11 50,000 305,500 140,181 12/14/20
THOMPSON JANE J. Director Director Dec 14 Sell 13.48 50,000 674,000 90,181 12/14/20
AULET WILLIAM K Director Director Nov 24 Sell 12 30,000 360,000 64,529 11/24/20
AULET WILLIAM K Director Director Sep 15 Option 3.49 40,000 139,600 131,693 09/15/20
AULET WILLIAM K Director Director Sep 15 Sell 11.52 40,000 460,800 91,693 09/15/20