Mitek Systems Inc (OQ:MITK)
Business Focus: Mobile Application Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 100, 600 B Street SAN DIEGO CA 92101 |
| Tel: | 1-323-4682300 |
| Website: | https://www.miteksystems.com |
| IR: | See website |
| Key People | ||
| Scott R. Carter Chairman of the Board | Scipio Maximus Carnecchia Chief Executive Officer, Director | David Lyle Chief Financial Officer, Senior Vice President, Principal Accounting Officer, Principal Financial Officer |
| Michael E. Diamond Senior Vice President, General Manager - Digital Banking | Jason L. Gray Chief Legal Officer, Chief Compliance Officer, Corporate Secretary | |
| Business Overview |
| Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. It is a software development company with expertise in computer vision, artificial intelligence, and machine learning. Its digital technology solutions are provided in two parts: a software development kit for mobile image capture and a cloud software platform which uses artificial intelligence, and machine learning to classify and extract data to enable mobile check deposit as well as aid the authentication of identity documents including passports, identity cards, and driver's licenses using a camera-equipped device. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, CheckReader, Check Fraud Defender, Check Intelligence, Mitek Verified Identity Platform, MiPass, ID_CLOUD, IDLive Face, IDVoice, IDLive Voice and IDLive Doc. The Company serves more than 7,900 financial services organizations and marketplace and financial technology (fintech) brands around the globe. |
| Financial Overview |
| For the three months ended 31 December 2023, Mitek Systems Inc revenues decreased 19% to $36.9M. Net loss totaled $5.8M vs. income of $4.7M. Revenues reflect Deposits software and hardware segment decrease of 43% to $14M. Net loss reflects General & Administrative increase of 95% to $13.5M (expense), Research & development increase of 10% to $7.8M (expense). |
| Employees: | 573 as of Sep 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $621.05M as of Dec 31, 2023 |
| Annual revenue (TTM): | $163.77M as of Dec 31, 2023 |
| EBITDA (TTM): | $22.53M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.50M as of Dec 31, 2023 |
| Free cash flow (TTM): | $15.74M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $15.58M as of Dec 31, 2023 |
| Shares outstanding: | 46,790,611 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.