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Mitek Systems Inc

Mitek Systems Inc (MITK)

17.38
0.06
(0.35%)
마감 25 6월 5:00AM
17.92
0.54
(3.11%)
시간외 거래: 8:55AM

Mitek Systems Inc ([symbol]) 옵션 체인

행사 가격매수가매도가최근 가격중간 가격가격 변동가격 변동 %거래량미결제 약정최근 거래
2.5013.7016.7014.8015.200.000.00 %03-
5.0011.2014.2012.2912.700.000.00 %09-
7.509.0011.607.9010.300.000.00 %029-
10.006.708.407.217.550.000.00 %038-
12.504.805.104.904.95-0.41-7.72 %881,72425/06/2026
15.002.652.802.602.725-0.35-11.86 %4425,19625/06/2026
17.501.001.201.021.10-0.23-18.40 %4176,09825/06/2026
20.000.250.650.350.45-0.02-5.41 %542,04425/06/2026
22.500.100.200.130.15-0.03-18.75 %577124/06/2026
25.000.000.750.150.150.000.00 %0180-

포트폴리오 강화: 실시간 토론 및 실행 가능한 거래 아이디어.

프리미엄

행사 가격매수가매도가최근 가격중간 가격가격 변동가격 변동 %거래량미결제 약정최근 거래
2.500.000.050.000.000.000.00 %00-
5.000.000.750.050.050.000.00 %01-
7.500.000.250.010.010.000.00 %02-
10.000.000.750.150.150.000.00 %047-
12.500.000.750.080.080.000.00 %0462-
15.000.200.600.380.400.1035.71 %423525/06/2026
17.501.001.601.251.300.000.00 %098-
20.002.303.503.282.900.000.00 %06-
22.504.805.700.005.250.000.00 %00-
25.006.308.300.007.300.000.00 %00-

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MITK Discussion

게시물 보기
US Market News US Market News 1 월 전
Mitek Announces Strategic Partnership with Global Analytics Software Leader FICO to Strengthen Enterprise Fraud DefensesMay 13, 2026 8:15 AM
Business Wire FICO® Marketplace enables enterprises to integrate trusted identity verification into decisioning workflows to combat rising fraud Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, announced today that its Mitek Verified Identity Platform® (MiVIP) is now available on FICO® Marketplace, the industry’s first marketplace for composable enterprise decisioning offerings. The listing empowers enterprises to operationalize AI and drive better outcomes by easily discovering, accessing, and deploying a wide range of pre-built offerings, including AI models, data services and analytics. This addresses a critical need in the industry for organizations to leverage cutting edge technology while preserving their ability to work across their organization to bring together teams and differentiate their business with their own unique intellectual property and customer experiences. As fraud tactics grow increasingly sophisticated, including AI-generated deepfakes, biometric spoofing and synthetic identity attacks, enterprises are under pressure to make faster, more confident risk decisions. Mitek’s availability in FICO Marketplace enables joint clients to bring trusted identity intelligence directly into decisioning and workflows, enabling organizations to detect fraud earlier while minimizing friction for legitimate users. “Bringing the Mitek platform into the FICO Marketplace enables enterprises to deploy high-assurance identity verification faster and integrate trusted identity signals directly into business critical decisioning,” said Garrett Gafke, chief operating officer at Mitek Systems. “As fraud threats evolve, organizations need real-time fraud and identity intelligence built into their risk workflows, not bolted on after the fact.” This integration enables enterprises using FICO® Platform to deploy advanced identity verification capabilities across critical moments in the customer lifecycle, such as digital onboarding, account recovery and ongoing authentication. By combining identity assurance with intelligent decisioning, organizations can improve fraud detection accuracy and deliver more secure digital experiences. “Identity verification and fraud decisioning too often operate independently, and enterprises absorb the cost,” said Jason Andrew, chief revenue officer at FICO. “This partnership connects Mitek's identity intelligence directly into FICO's decisioning layer through FICO Marketplace, giving enterprises the ability to translate identity assurance into faster, more confident decisions that drive better outcomes across the customer lifecycle.” FICO Marketplace is accessible directly within FICO Platform and enables customers to leverage a catalog of offerings from trusted and pre-vetted providers. The marketplace reshapes how organizations gain value from AI by enabling rapid discovery and deployment of data, analytics and decisioning assets that fuel intelligent decisioning and drive better business outcomes. To learn more, visit FICO® Marketplace. About Mitek Mitek Systems protects what’s real across digital interactions in a world of evolving threats. Mitek helps businesses verify identities, prevent fraud before it happens, and deliver secure, seamless digital experiences in the face of rapidly advancing AI-generated threats. From account opening to authentication and deposit, Mitek’s technology safeguards critical digital interactions. More than 7,000 organizations rely on Mitek to protect their most important customer connections and stay ahead of emerging risks. Learn more at www.miteksystems.com. Follow Mitek on LinkedIn and YouTube, and read Mitek’s latest blog posts here. About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at https://www.fico.com/en Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/ For FICO news and media resources, visit https://www.fico.com/en/newsroom. FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513777159/en/ Media Contacts Mitek
pr@miteksystems.com FICO
Press@fico.com Original: Mitek Announces Strategic Partnership with Global Analytics Software Leader FICO to Strengthen Enterprise Fraud Defenses
👍️0
US Market News US Market News 2 월 전
Mitek to Report Fiscal 2026 Second Quarter Financial Results on May 7, 2026April 23, 2026 5:00 PM
Business Wire
Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, today announced that it will release its financial results for the second quarter of fiscal year 2026, which ended March 31, 2026, after the U.S. market closes on Thursday, May 7, 2026.


Mitek will host a conference call and live webcast to discuss the results at 2 p.m. PT (5 p.m. ET).


Mitek CEO Ed West and CFO Dave Lyle will lead the call, followed by a Q&A session.


Conference Call and Webcast Details

Event: Mitek Fiscal 2026 Second Quarter Financial Results

Date: Thursday, May 7, 2026

Time: 2 p.m. PT (5 p.m. ET)


Participants are encouraged to pre-register for the webcast by clicking here.


Pre-registration is available before, during, and after the start time. Registered attendees will receive an online confirmation and a calendar invitation for the event.


Those who are unable to pre-register can join the conference call/webcast by clicking the webcast link or using one of the dial-in numbers below:


Webcast: Click here

U.S. Toll-Free: +1 800 717 1738

International: +1 646 307 1865

Participants can use the guest dial-in numbers above to speak with an operator or click here for instant telephone access to the event 15 minutes prior to the event start time.


Following the call, a dial-in replay will be available for one week. A webcast replay will remain accessible for one year at the link below or by using the dial-in numbers provided.


Archived Webcast: investors.miteksystems.com

U.S. Toll-Free Replay: +1 844 512 2921

International Replay: +1 412 317 6671

Replay Passcode: 1175416


The press release will be available on the Mitek investor relations website before the event begins.


About Mitek


Mitek Systems protects what’s real across digital interactions in a world of evolving threats. Mitek helps businesses verify identities, prevent fraud before it happens, and deliver secure, seamless digital experiences in the face of rapidly advancing AI-generated threats. From account opening to authentication and deposit, Mitek’s technology safeguards critical digital interactions. More than 7,000 organizations rely on Mitek to protect their most important customer connections and stay ahead of emerging risks.


Learn more at www.miteksystems.com. [(MITK-F)]


Follow Mitek on LinkedIn and YouTube, and read Mitek’s latest blog posts here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260423419122/en/
Investor Contacts

Ryan Flanagan

ICR for Mitek Systems

IR@miteksystems.com
Michael Holder

SVP, Finance and Investor Relations

mholder@miteksystems.com


Original: Mitek to Report Fiscal 2026 Second Quarter Financial Results on May 7, 2026
👍️0
US Market News US Market News 2 월 전
Mitek and Synectics Solutions Partner to Help UK Insurers Tackle Rising Digital Fraud While Expanding Fair Access to InsuranceApril 16, 2026 3:30 AM
Business Wire
Real-time identity verification and consortium fraud intelligence combined to improve onboarding risk decisions


Mitek (NASDAQ: MITK) and Synectics Solutions have partnered to help UK insurers detect fraud earlier in digital insurance applications while improving access to coverage for genuine customers.


The collaboration combines Mitek’s identity verification and anti-spoofing technology with Synectics’ fraud orchestration platform, and National SIRA, the largest cross-sector risk intelligence consortium of its kind. Together, the technologies enable insurers to verify applicant identities with greater confidence and identify potential fraud risks earlier in the onboarding and quote processes.


The partnership comes as insurers face increasing pressure to tackle rising fraud losses while ensuring fair treatment of customers under the UK Financial Conduct Authority’s Consumer Duty, which requires firms to deliver good outcomes and avoid unfairly excluding legitimate applicants.


Insurance fraud remains a major challenge across the UK. According to the Association of British Insurers (ABI), insurers detect more than £1 billion in fraudulent claims each year, while digital insurance channels are increasingly targeted by criminals using synthetic identities, stolen credentials and AI-generated identity documents.


By combining verified identity signals from Mitek with Synectics’ shared fraud intelligence network, insurers can better identify suspicious applications while confidently approving more legitimate customers — including applicants with limited financial histories, often referred to as “thin-file” customers.


“Fraud is moving faster than traditional controls can respond. Insurers shouldn’t have to choose between strong fraud controls and fair customer outcomes,” said Tim Barber, Vice President, EMEA Sales at Mitek. “Together with Synectics, we’re helping UK insurers strengthen identity certainty so they can grow responsibly without increasing fraud.”


“Cross-institution intelligence and data sharing are essential in the fight against fraud,” said Chris Lewis, Director Strategic Solutions and Analytics at Synectics Solutions. “Only by pooling information can we uncover the hidden links and patterns that no single institution can detect alone. Combining verified identity with shared intelligence means that insurers can act faster on new risks while allowing genuine customers to access cover with greater confidence.”


The integration enables insurers to incorporate Mitek’s identity verification directly into Synectics’ fraud intelligence platform, giving insurers a clearer view of applicant risk while maintaining a seamless digital customer journey.


About Mitek Systems, Inc.


Mitek protects what’s real across digital interactions in a world of evolving threats. Mitek helps businesses verify identities, prevent fraud before it happens, and deliver secure, seamless digital experiences in the face of rapidly advancing AI-generated threats. From account opening to authentication and deposit, Mitek’s technology safeguards critical digital interactions. More than 7,000 organizations rely on Mitek to protect their most important customer connections and stay ahead of emerging risks. Learn more at www.miteksystems.com.


Follow Mitek on LinkedIn and YouTube, and read Mitek’s latest blog posts here.


About Synectics


Synectics Solutions is the UK leader in cross-sector risk intelligence and a trusted ally to the fraud-fighting community. Our risk intelligence consortium of confirmed and suspected fraud is the largest of its kind – enabling earlier threat detection and richer insight into criminal activity. We combine this intelligence with AI-powered analytics, real-time decisioning and sub-second analysis to fast-track genuine applicants and disrupt fraud at scale. Learn more www.synectics-solutions.com


Follow Synectics on LinkedIn and catch up on our latest cross-sector fraud insights here

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416767429/en/
Media Contact

Mitek Media Relations

pr@miteksystems.com


Original: Mitek and Synectics Solutions Partner to Help UK Insurers Tackle Rising Digital Fraud While Expanding Fair Access to Insurance
👍️0
US Market News US Market News 4 월 전
Mitek Strengthens Its Unassisted Video Verification Solution for the Spanish Market as AI-Driven Identity Fraud AcceleratesFebruary 12, 2026 2:30 AM
Business Wire
SEPBLAC-compliant digital onboarding helps regulated entities stay ahead of deepfakes and digital manipulation without adding friction


Mitek Systems (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, today announced enhancements to its SEPBLAC-compliant digital onboarding capabilities for the Spanish market, designed to help regulated entities defend against a rapidly escalating wave of AI-driven identity fraud. The enhancements strengthen Mitek’s unassisted video verification solution, used across Spain for SEPBLAC-compliant remote identity verification.


Unassisted video verification has long been a regulatory requirement for financial institutions and other regulated entities in Spain. However, the threat landscape has evolved rapidly, with fraud shifting beyond document-based attacks to include screen replays, digital manipulation, synthetic identities, and deepfake-enabled impersonation.


National data shows the scale of the threat: 89% of Spanish companies reported more fraud attempts last year, and identity fraud remains the leading cause of corporate fraud losses (AEECF). Most attacks now target onboarding, where vulnerabilities are easier to exploit.


“The threat landscape has fundamentally changed, and verification systems must evolve at the same speed,” said Marc Sabadí, Innovation Lead & Sales Manager at Mitek Systems. “We’re enhancing unassisted video verification for one reason: to give institutions stronger protection while keeping onboarding compliant for our customers and the experience fast and seamless for legitimate customers.”


Mitek’s enhanced verification now includes:



Deepfake detection for AI-generated facial manipulation and face morphs



Digital manipulation and screen-replay analysis



Injection attack protection



Face gallery analysis for repeated or coordinated attacks



These enhancements reflect Mitek’s ongoing investment in adaptive, intelligence-driven verification. As fraud becomes faster, more scalable, and more automated, Mitek is building solutions that protect security, compliance, and conversion, helping organizations keep onboarding seamless while staying ahead of AI-driven threats.


To learn more, visit our product page.


About Mitek Systems


Mitek Systems protects what’s real across digital interactions in a world of evolving threats. Mitek helps businesses verify identities, prevent fraud before it happens, and deliver secure, seamless digital experiences in the face of rapidly advancing AI-generated threats. From account opening to authentication and deposit, Mitek’s technology safeguards critical digital interactions. More than 7,000 organizations rely on Mitek to protect their most important customer connections and stay ahead of emerging risks.


For more information, visit www.miteksystems.com


Follow Mitek on LinkedIn and YouTube, and read Mitek’s latest blog posts here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260211007051/en/
Kris Camacho

Head of Communications

PR@miteksystems.com


Original: Mitek Strengthens Its Unassisted Video Verification Solution for the Spanish Market as AI-Driven Identity Fraud Accelerates
👍️ 1
US Market News US Market News 5 월 전
Mitek Reports Fiscal 2026 First Quarter Results and Raises Full-Year OutlookFebruary 5, 2026 4:05 PM
Business Wire
Grew Fraud and Identity Revenue 30% Year Over Year


Authorized New $50 Million Share Repurchase Program


Retired $155 Million Convertible Senior Notes


Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity verification and fraud prevention, today reported financial results for its first quarter ended December 31, 2025 and raised its revenue and adjusted EBITDA Margin guidance range for the fiscal year ending September 30, 2026 (“fiscal 2026”).


“We delivered a strong start to the fiscal year, with growth across the entire product portfolio and early proof points that our fiscal 2026 Unify and Grow ethos is taking hold,” said Ed West, Chief Executive Officer of Mitek. “Execution this quarter was focused on building momentum through a steady drumbeat of progress, disciplined investment, and platform-led customer adoption. Fraud and Identity revenue grew 30% year over year, driven by 21% SaaS growth and broader workflow adoption, while Check Verification continued to serve as a durable, cash-generative foundation. Based on this early execution and improving visibility, we increased our outlook and remain focused on tangible progress and long-term value creation.”


Fiscal 2026 First Quarter Financial Highlights


GAAP



Total revenue of $44.2 million was a 19% increase year-over-year, compared to $37.3 million a year ago.



SaaS revenue of $22.2 million was a 21% increase year-over-year, compared to $18.4 million a year ago.



Gross profit of $32.9 million, compared to $28.0 million a year ago.



GAAP gross profit margin was 74.3%, compared to 75.1% a year ago.



GAAP net income was $2.8 million, compared to GAAP net loss of $4.6 million a year ago.



GAAP net income per diluted share was $0.06, compared to GAAP net loss of $0.10 a year ago.



Total cash and investments of $191.8 million at December 31, 2025, was a decrease of $4.7 million from $196.5 million at September 30, 2025.



Non-GAAP



Non-GAAP gross profit of $36.1 million, compared to $31.5 million a year ago.



Non-GAAP gross profit margin was 81.7%, compared to 84.5% a year ago.



Adjusted EBITDA was $13.3 million, compared to $7.8 million a year ago.



Adjusted EBITDA margin was 30.0%, compared to 21.1% a year ago.



Non-GAAP net income was $12.4 million, compared to $6.6 million a year ago.



Non-GAAP net income per diluted share was $0.26, compared to $0.15 a year ago.



Free cash flow was $6.6 million for the three months ended December 31, 2025, compared to $0.2 million for the corresponding period a year ago.



Key Subsequent Events



On February 1, 2026, the Company repaid the $155.3 million Convertible Senior Notes in full.



On February 5, 2026, the Board of Directors of the Company approved a new share repurchase program, authorizing the Company to repurchase up to $50 million of its Common Stock. The new share repurchase program will become effective at the completion of the Company’s 2024 share repurchase program and will remain effective for a period of up to two years.



Guidance


Guidance includes non-GAAP financial measures. Mitek is raising its revenue and adjusted EBITDA margin guidance for the fiscal year, and providing guidance for its fiscal second quarter, ending March 31, 2026, as follows:




 






Full Year FY26






 






Q2 FY26








 






Guidance






 






Guidance








Total revenue






$187 - $197 million






 






$50 - $55 million








Y/Y growth (midpoint)






Approximately 7%






 






 








Fraud & Identity solutions revenue(1)






$102 - $107 million






 






 








Y/Y growth (midpoint)






Approximately 16%






 






 








Adjusted EBITDA margin %(2)






29% - 32%






 






 









(1)







See revenue categorizations as presented in the “Disaggregation of Revenue by Product and Type” below.








(2)







See “GAAP Net Income to Adjusted EBITDA Reconciliation” below.







Conference Call Information


Mitek management will host a conference call and live webcast for analysts and investors today at 2 p.m. PT (5 p.m. ET) to discuss the Company’s financial results for the first quarter of fiscal 2026. To join the webcast, visit our Investor Relations website at https://investors.miteksystems.com.


Participants may also dial +1 800-717-1738 (US and Canada) or +1 646-307-1865 (International) to access the call. A dial-in replay will be available for one week by dialing +1 844-512-2921 (U.S. and Canada) or +1 412-317-6671 (International) and entering the passcode 1141184. An archived webcast replay will remain accessible for one year on Mitek’s Investor Relations website.


About Mitek Systems, Inc.


Mitek Systems protects what’s real across digital interactions in a world of evolving threats. Mitek helps businesses verify identities, prevent fraud before it happens, and deliver secure, seamless digital experiences in the face of rapidly advancing AI-generated threats. From account opening to authentication and deposit, Mitek’s technology safeguards critical digital interactions. More than 7,000 organizations rely on Mitek to protect their most important customer connections and stay ahead of emerging risks. Learn more at www.miteksystems.com. [(MITK-F)]


Follow Mitek on LinkedIn and YouTube, and read Mitek’s latest blog posts here.


Notice Regarding Forward-Looking Statements


Statements contained in this news release relating to the Company or its management’s intentions, hopes, beliefs, expectations or predictions of the future, including, but not limited to, statements relating to the Company’s fiscal 2026 guidance, are forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, risks related to the Company’s ability to withstand negative conditions in the global economy, a lack of demand for or market acceptance of the Company’s products, the Company’s ability to continue to develop, produce and introduce innovative new products in a timely manner, the Company’s ability to capitalize on a growing market, quarterly variations in revenue, the profitability of certain sectors of the Company, the performance of the Company’s growth initiatives, the outcome of any pending or threatened litigation or investigation, and the timing of the implementation and launch of the Company’s products by the Company’s signed customers.


Additional risks and uncertainties faced by the Company are contained from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (SEC), including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025, as filed with the SEC on December 11, 2025 and its quarterly reports on Form 10-Q and current reports on Form 8-K, which you may obtain for free on the SEC’s website at www.sec.gov. Collectively, these risks and uncertainties could cause the Company’s actual results to differ materially from those projected in its forward-looking statements and you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company disclaims any intention or obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.


Note Regarding Use of Non-GAAP Financial Measures


This news release contains non-U.S. generally accepted accounting principles (“GAAP”) financial measures for adjusted EBITDA, adjusted EBITDA margin, non-GAAP cost of revenue, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP net income per basic share, non-GAAP net income per diluted share, non-GAAP free cash flow, and non-GAAP operating expense that excludes stock-based compensation expense, litigation and other legal costs, executive and other transition costs, non-recurring audit fees, enterprise risk, portfolio positioning and other related costs, and non-GAAP net income which additionally excludes amortization of acquisition-related intangibles, net changes in estimated fair value of acquisition-related contingent consideration, restructuring costs, amortization of debt discount and issuance costs, income tax effect of pre-tax adjustments, and cash tax difference. These financial measures are not calculated in accordance with GAAP and are not based on any comprehensive set of accounting rules or principles. In evaluating the Company’s performance, management uses certain non-GAAP financial measures to supplement financial statements prepared under GAAP. Management believes these non-GAAP financial measures provide a useful measure of the Company’s operating results, a meaningful comparison with historical results and with the results of other companies, and insight into the Company’s ongoing operating performance. Further, management and the Board of Directors of the Company utilize these non-GAAP financial measures to gain a better understanding of the Company’s comparative operating performance from period-to-period and as a basis for planning and forecasting future periods. Management believes these non-GAAP financial measures, when read in conjunction with the Company’s GAAP financial statements, are useful to investors because they provide a basis for meaningful period-to-period comparisons of the Company’s ongoing operating results, including results of operations against investor and analyst financial models, which helps identify trends in the Company’s underlying business and provides a better understanding of how management plans and measures the Company’s underlying business.


The Company has not provided a reconciliation of its forward outlook for non-GAAP adjusted EBITDA margin with its forward-looking GAAP net income margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable, without unreasonable efforts, to quantify share-based compensation expense, which is excluded from our non-GAAP adjusted EBITDA margin, as it requires additional inputs such as the number of shares granted and market prices that are not ascertainable due to the volatility of the Company’s share price. Additionally, a significant portion of the Company’s operations are in foreign countries and the transactional currencies are primarily Euros and British pound sterling and the Company is not able to predict fluctuations in those currencies without unreasonable efforts. The Company expects these items may have a potentially significant impact on future GAAP financial results.


We define free cash flow as net cash provided by operating activities, less cash used for purchases of property and equipment. We define free cash flow margin as free cash flow as a percentage of revenue. In addition to the reasons stated above, we believe that free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment in order to enhance the strength of our balance sheet and further invest in our business and potential strategic initiatives. A limitation of the utility of free cash flow as a measure of our liquidity is that it does not represent the total increase or decrease in our cash balance for the period. We use free cash flow in conjunction with traditional U.S. GAAP measures as part of our overall assessment of our liquidity, including the preparation of our annual operating budget and quarterly forecasts and to evaluate the effectiveness of our business strategies. There are a number of limitations related to the use of free cash flow as compared to net cash provided by operating activities, including that free cash flow includes capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made. We may refer to certain financial metrics on a Last Twelve Months (“LTM”) basis. LTM figures represent the sum of the most recently reported four fiscal quarters and are used to provide a view of the company's financial performance over the past year.


Mitek encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate Mitek’s business.




MITEK SYSTEMS, INC.








CONSOLIDATED STATEMENTS OF OPERATIONS








(Unaudited)








(amounts in thousands except per share data)








 






 






 






 








 






Three Months Ended December 31,








 






2025






 






2024








Revenue






 






 






 








Software license






$






13,901






 






 






$






11,985






 








SaaS, maintenance, and other






 






30,343






 






 






 






25,269






 








Total revenue






 






44,244






 






 






 






37,254






 








Operating costs and expenses






 






 






 








Cost of revenue—software license (exclusive of depreciation & amortization)






 






33






 






 






 






67






 








Cost of revenue—SaaS, maintenance, and other (exclusive of depreciation & amortization)






 






8,374






 






 






 






5,877






 








Selling and marketing






 






8,148






 






 






 






9,695






 








Research and development






 






7,374






 






 






 






8,323






 








General and administrative






 






11,074






 






 






 






11,901






 








Amortization of acquired intangibles and acquisition-related costs






 






3,286






 






 






 






3,657






 








Restructuring costs






 






515






 






 






 






808






 








Total operating costs and expenses






 






38,804






 






 






 






40,328






 








Operating income (loss)






 






5,440






 






 






 






(3,074






)








Interest expense






 






2,542






 






 






 






2,398






 








Other income (expense), net






 






1,500






 






 






 






563






 








Income (loss) before income taxes






 






4,398






 






 






 






(4,909






)








Income tax benefit (provision)






 






(1,626






)






 






 






297






 








Net income (loss)






$






2,772






 






 






$






(4,612






)








Net income (loss) per share—basic






$






0.06






 






 






$






(0.10






)








Net income (loss) per share—diluted






$






0.06






 






 






$






(0.10






)








Shares used in calculating net income (loss) per share—basic






 






45,702






 






 






 






45,195






 








Shares used in calculating net income (loss) per share—diluted






 






47,162






 






 






 






45,195






 









MITEK SYSTEMS, INC.








CONSOLIDATED BALANCE SHEETS








(Unaudited)








(amounts in thousands except share data)








 






 






 






 








 






December 31, 2025






 






September 30, 2025








ASSETS






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






175,122






 






 






$






154,153






 








Short-term investments






 






14,953






 






 






 






38,858






 








Accounts receivable, net






 






31,936






 






 






 






36,811






 








Contract assets, current portion






 






11,697






 






 






 






12,687






 








Prepaid expenses






 






2,134






 






 






 






3,050






 








Other current assets






 






3,260






 






 






 






2,935






 








Total current assets






 






239,102






 






 






 






248,494






 








Long-term investments






 






1,713






 






 






 






3,464






 








Property and equipment, net






 






3,372






 






 






 






2,314






 








Right-of-use assets






 






2,429






 






 






 






2,624






 








Goodwill and intangible assets






 






169,868






 






 






 






173,256






 








Deferred income tax assets






 






24,973






 






 






 






25,334






 








Contract assets, non-current portion






 






1,936






 






 






 






1,405






 








Other non-current assets






 






3,060






 






 






 






2,218






 








Total assets






$






446,453






 






 






$






459,109






 








LIABILITIES AND STOCKHOLDERS’ EQUITY






 






 






 








Current liabilities:






 






 






 








Accounts payable






$






5,057






 






 






$






3,874






 








Accrued payroll and related taxes






 






10,645






 






 






 






16,837






 








Accrued liabilities






 






245






 






 






 






343






 








Deferred revenue, current portion






 






25,206






 






 






 






29,061






 








Lease liabilities, current portion






 






911






 






 






 






890






 








Convertible senior notes






 






154,464






 






 






 






152,216






 








Other current liabilities






 






6,581






 






 






 






5,813






 








Total current liabilities






 






203,109






 






 






 






209,034






 








Convertible senior notes






 













 






 






 













 








Deferred revenue, non-current portion






 






742






 






 






 






1,085






 








Lease liabilities, non-current portion






 






1,858






 






 






 






2,080






 








Deferred income tax liabilities






 






295






 






 






 






295






 








Other non-current liabilities






 






6,793






 






 






 






6,357






 








Total liabilities






 






212,797






 






 






 






218,851






 








 






 






 






 








Stockholders’ equity:






 






 






 








Preferred stock, $0.001 par value, 1,000,000 shares authorized, none issued and outstanding






 













 






 






 













 








Common stock, $0.001 par value, 120,000,000 shares authorized, 45282535 and 44,998,939 issued and outstanding, as of December 31, 2025 and September 30, 2025, respectively






 






45






 






 






 






46






 








Additional paid-in capital






 






266,568






 






 






 






265,835






 








Accumulated other comprehensive income






 






474






 






 






 






586






 








Accumulated deficit






 






(33,431






)






 






 






(26,209






)








Total stockholders’ equity






 






233,656






 






 






 






240,258






 








Total liabilities and stockholders’ equity






$






446,453






 






 






$






459,109






 









MITEK SYSTEMS, INC.








CONSOLIDATED STATEMENTS OF CASH FLOWS








(Unaudited)








(amounts in thousands)








 






 






 






 








 






Three Months Ended December 31,








 






2025






 






2024








Operating activities:






 






 






 








Net income (loss)






$






2,772






 






 






$






(4,612






)








Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:






 






 






 








Stock-based compensation expense






 






2,691






 






 






 






4,465






 








Amortization of acquired intangible assets






 






3,286






 






 






 






3,657






 








Amortization of costs capitalized to obtain revenue contracts






 






606






 






 






 






472






 








Depreciation and amortization expense






 






353






 






 






 






395






 








Bad debt expense






 






(71






)






 






 






589






 








Amortization of investment premiums & other






 






(216






)






 






 






(797






)








Accretion and amortization on convertible senior notes






 






2,249






 






 






 






2,105






 








Deferred taxes






 






366






 






 






 






(343






)








Changes in assets and liabilities, net of acquisitions:






 






 






 








Accounts receivable






 






4,911






 






 






 






(1,868






)








Contract assets






 






444






 






 






 






(163






)








Other assets






 






(856






)






 






 






(738






)








Accounts payable






 






1,183






 






 






 






(2,161






)








Accrued payroll and related taxes






 






(6,211






)






 






 






(2,532






)








Income taxes payable






 






802






 






 






 






28






 








Deferred revenue






 






(4,181






)






 






 






849






 








Other liabilities






 






(110






)






 






 






1,219






 








Net cash provided by (used in) operating activities






 






8,018






 






 






 






565






 








Investing activities:






 






 






 








Purchases of investments






 













 






 






 






(12,375






)








Maturities of investments






 






25,842






 






 






 






12,300






 








Sales of investments






 













 






 






 






1,250






 








Purchases of property and equipment, net






 






(1,426






)






 






 






(335






)








Net cash provided by (used in) investing activities






 






24,416






 






 






 






840






 








Financing activities:






 






 






 








Proceeds from the issuance of equity plan common stock






 






25






 






 






 






177






 








Repurchases and retirements of common stock






 






(9,995






)






 






 






(3,257






)








Payment of tax withholding obligations related to net share settlement of equity awards






 






(1,983






)






 






 













 








Proceeds from other borrowings






 






442






 






 






 













 








Principal payments on other borrowings






 













 






 






 






(49






)








Net cash provided by (used in) financing activities






 






(11,511






)






 






 






(3,129






)








Foreign currency effect on cash and cash equivalents






 






46






 






 






 






(1,115






)








Net Unrealized holding gain (loss) on available-for-sale investments






 






20,969






 






 






 






(2,839






)








Cash and cash equivalents at beginning of period






 






154,153






 






 






 






93,456






 








Cash and cash equivalents at end of period






$






175,122






 






 






$






90,617






 








Supplemental disclosures of cash flow information:






 






 






 








Cash paid for income taxes






$






80






 






 






$






690






 








Supplemental disclosures of non-cash investing and financing activities:






 






 






 








Unrealized holding gain (loss) on available-for-sale investments






$






(23






)






 






$






(138






)









MITEK SYSTEMS, INC.








DISAGGREGATION OF REVENUE BY PRODUCT AND TYPE








(Unaudited)








(amounts in thousands)








 






 






 






 








 






Three Months Ended December 31,








 






2025






 






2024








Fraud and Identity Solutions






 






 






 








SaaS






$






20,916






 






$






17,293








Software license and support






 






3,908






 






 






1,722








Professional services and other






 






646






 






 






554








Total fraud and identity solutions revenue






$






25,470






 






$






19,570








 






 






 






 








Check Verification Solutions






 






 






 








SaaS






$






1,321






 






$






1,134








Software license and support






 






16,907






 






 






16,374








Professional services and other






 






546






 






 






177








Total check verification solutions revenue






$






18,773






 






$






17,685








 






 






 






 








Consolidated Revenue






 






 






 








SaaS






$






22,237






 






$






18,427








Software license and support






 






20,815






 






 






18,096








Professional services and other






 






1,192






 






 






731








Consolidated revenue






$






44,244






 






$






37,254









MITEK SYSTEMS, INC.








GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION








(Unaudited)








(amounts in thousands)








 






 






 






 








 






Three Months Ended December 31,








 






2025






 






2024








GAAP net income (loss)






$






2,772






 






 






$






(4,612






)








Add:






 






 






 








Income tax (benefit) provision






 






1,626






 






 






 






(297






)








Other (income) expense, net






 






(1,500






)






 






 






(563






)








Interest expense






 






2,542






 






 






 






2,398






 








GAAP operating income (loss)






$






5,440






 






 






$






(3,074






)








 






 






 






 








Non-GAAP Adjustments






 






 






 








Depreciation and amortization expense






$






353






 






 






$






395






 








Amortization of acquired intangible assets






 






3,286






 






 






 






3,657






 








Litigation and other legal costs






 






23






 






 






 






233






 








Executive and other transition costs






 






262






 






 






 






494






 








Stock-based compensation expense






 






2,691






 






 






 






4,465






 








Non-recurring audit fees






 






719






 






 






 






867






 








Restructuring costs(1)






 






515






 






 






 






808






 








Adjusted EBITDA






$






13,289






 






 






$






7,845






 








Total revenue






$






44,244






 






 






$






37,254






 








Adjusted EBITDA margin






 






30.0






%






 






 






21.1






%









(1)







Restructuring costs consist of employee severance obligations and other related costs. Restructuring costs were $0.5 million in the three months ended December 31, 2025 and were related to a restructuring that occurred in the first quarter of fiscal 2026. Restructuring costs were $0.8 million in the three months ended December 31, 2024 and were related to a restructuring that occurred in the first quarter of fiscal 2025. 









MITEK SYSTEMS, INC.








NON-GAAP NET INCOME RECONCILIATION








(Unaudited)








(amounts in thousands except per share data)








 






 






 






 








 






Three Months Ended December 31,








 






2025






 






2024








Net income (loss)






$






2,772






 






 






$






(4,612






)








Non-GAAP adjustments:






 






 






 








Amortization of acquired intangible assets






 






3,286






 






 






 






3,657






 








Litigation and other legal costs






 






23






 






 






 






233






 








Executive and other transition costs






 






262






 






 






 






494






 








Stock-based compensation expense






 






2,691






 






 






 






4,465






 








Non-recurring audit fees






 






719






 






 






 






867






 








Restructuring costs(1)






 






515






 






 






 






808






 








Amortization of debt discount and issuance costs






 






2,249






 






 






 






2,147






 








Income tax effect of pre-tax adjustments






 






(3,048






)






 






 






(1,919






)








Cash tax difference(2)






 






2,965






 






 






 






493






 








Non-GAAP net income






$






12,434






 






 






$






6,633






 








Non-GAAP net income per share—basic






$






0.27






 






 






$






0.15






 








Non-GAAP net income per share—diluted






$






0.26






 






 






$






0.15






 








Shares used in calculating non-GAAP net income per share—basic






 






45,702






 






 






 






45,195






 








Shares used in calculating non-GAAP net income per share—diluted






 






47,162






 






 






 






45,195






 









(1)







Restructuring costs consist of employee severance obligations and other related costs. Restructuring costs were $0.5 million in the three months ended December 31, 2025 and were related to a restructuring that occurred in the first quarter of fiscal 2026. Restructuring costs were $0.8 million in the three months ended December 31, 2024 and were related to a restructuring that occurred in the first quarter of fiscal 2025.








(2)







The Company’s non-GAAP net income is calculated using a cash tax rate of 12% in fiscal 2026 and 15% in fiscal 2025. The estimated cash tax rate is the estimated annual tax payable on the Company’s tax returns as a percentage of estimated annual non-GAAP pre-tax net income. The Company uses an estimated cash tax rate to adjust for the historical variation in the effective book tax rate associated with the reversal of valuation allowances, and the utilization of research and development tax credits which currently have an overall effect of reducing taxes payable. The Company believes that the cash tax rate provides a more transparent view of the Company’s operating results. The Company’s effective tax rate used for the purposes of calculating GAAP net income for the three months ended December 31, 2025 and 2024 was 37% and 6%, respectively.









MITEK SYSTEMS, INC.








NON-GAAP FREE CASH FLOW RECONCILIATION








(Unaudited)








(amounts in thousands)








 






 






 






 






 






 






 






 






 






 








 






Three months ended






 






Twelve months ended December 31, 2025








 






March 30,

2025






 






June 30,

2025






 






September 30,

2025






 






December 31,

2025






 








Net cash provided by (used in) operating activities






$






13,743






 






 






$






21,571






 






 






$






19,461






 






 






$






8,018






 






 






$






62,793






 








Less:






 






 






 






 






 






 






 






 






 








Purchases of property and equipment, net






 






(232






)






 






 






(329






)






 






 






(259






)






 






 






(1,426






)






 






 






(2,246






)








Free Cash Flow






$






13,511






 






 






$






21,242






 






 






$






19,202






 






 






$






6,592






 






 






$






60,547






 








 






 






 






 






 






 






 






 






 






 








 






Three months ended






 






Twelve months ended December 31, 2024








 






March 30,

2024






 






June 30,

2024






 






September 30,

2024






 






December 31,

2024






 








Net cash provided by (used in) operating activities






$






7,064






 






 






$






12,985






 






 






$






21,102






 






 






$






565






 






 






$






41,716






 








Less:






 






 






 






 






 






 






 






 






 








Purchases of property and equipment, net






 






(483






)






 






 






(431






)






 






 






(283






)






 






 






(335






)






 






 






(1,532






)








Free Cash Flow






$






6,581






 






 






$






12,554






 






 






$






20,819






 






 






$






230






 






 






$






40,184






 









MITEK SYSTEMS, INC.








STOCK-BASED COMPENSATION EXPENSE








(Unaudited)








(amounts in thousands)








 






 






 






 








 






Three Months Ended December 31,








 






2025






 






2024








Cost of revenue






$






308






 






 






$






161








Selling and marketing






 






56






 






 






 






974








Research and development






 






(219






)






 






 






1,124








General and administrative






 






2,546






 






 






 






2,206








Total stock-based compensation expense






$






2,691






 






 






$






4,465









MITEK SYSTEMS, INC.








NON-GAAP GROSS PROFIT RECONCILIATION








(Unaudited)








(amounts in thousands)








 






 






 






 








 






Three Months Ended December 31,








 






2025






 






2024








Software license






 






 






 








Software license revenue






$






13,901






 






 






$






11,985






 








Cost of revenue (exclusive of depreciation and amortization expense)






 






(33






)






 






 






(67






)








Depreciation and amortization expense






 






(190






)






 






 






(266






)








Amortization of acquired completed technology assets






 






(501






)






 






 






(924






)








GAAP gross profit for software license and hardware






 






13,177






 






 






 






10,728






 








Depreciation and amortization expense






 






190






 






 






 






266






 








Amortization of acquired completed technology assets






 






501






 






 






 






924






 








Non-GAAP gross profit for software license






$






13,868






 






 






$






11,918






 








 






 






 






 








GAAP gross margin for software license






 






94.8






%






 






 






89.5






%








Non-GAAP gross margin for software license






 






99.8






%






 






 






99.4






%








 






 






 






 








SaaS, maintenance, and other






 






 






 








SaaS, maintenance and other revenue






$






30,343






 






 






$






25,269






 








Cost of revenue (exclusive of depreciation and amortization expense)






 






(8,374






)






 






 






(5,877






)








Depreciation and amortization expense






 






(65






)






 






 






(3






)








Amortization of acquired completed technology assets






 






(2,208






)






 






 






(2,128






)








GAAP gross profit for SaaS, maintenance, and other






 






19,696






 






 






 






17,261






 








Depreciation and amortization expense






 






65






 






 






 






3






 








Amortization of acquired completed technology assets






 






2,208






 






 






 






2,128






 








Stock-based compensation expense






 






308






 






 






 






161






 








Non-GAAP gross profit for SaaS, maintenance, and other






$






22,277






 






 






$






19,553






 








 






 






 






 








GAAP gross margin for SaaS, maintenance, and other






 






64.9






%






 






 






68.3






%








Non-GAAP gross margin for SaaS, maintenance, and other






 






73.4






%






 






 






77.4






%








 






 






 






 








Consolidated results






 






 






 








Total revenue






$






44,244






 






 






$






37,254






 








Cost of revenue (exclusive of depreciation and amortization expense)






 






(8,407






)






 






 






(5,944






)








Depreciation and amortization expense






 






(255






)






 






 






(269






)








Amortization of acquired completed technology assets






 






(2,709






)






 






 






(3,052






)








GAAP gross profit






 






32,873






 






 






 






27,989






 








Depreciation and amortization expense






 






255






 






 






 






269






 








Amortization of acquired completed technology assets






 






2,709






 






 






 






3,052






 








Stock-based compensation expense






 






308






 






 






 






161






 








Non-GAAP gross profit






$






36,145






 






 






$






31,471






 








 






 






 






 








GAAP gross profit margin






 






74.3






%






 






 






75.1






%








Non-GAAP gross profit margin






 






81.7






%






 






 






84.5






%









MITEK SYSTEMS, INC.








NON-GAAP OPERATING EXPENSE RECONCILIATION








(Unaudited)








(amounts in thousands)








 






 






 






 








 






Three Months Ended December 31,








 






2025






 






2024








Selling and marketing






$






8,148






 






 






$






9,695








Non-GAAP adjustments:






 






 






 








Stock-based compensation expense






 






56






 






 






 






974








Executive and other transition costs






 






170






 






 






 















Non-GAAP selling and marketing






$






7,922






 






 






$






8,721








 






 






 






 








Research and development






$






7,374






 






 






$






8,323








Non-GAAP adjustments:






 






 






 








Stock-based compensation expense






 






(219






)






 






 






1,124








Non-GAAP research and development






$






7,593






 






 






$






7,199








 






 






 






 








General and administrative






$






11,074






 






 






$






11,901








Non-GAAP adjustments:






 






 






 








Stock-based compensation expense






 






2,546






 






 






 






2,206








Litigation and other legal costs






 






23






 






 






 






233








Executive and other transition costs






 






92






 






 






 






494








Non-recurring audit fees






 






719






 






 






 






867








Non-GAAP general and administrative






$






7,694






 






 






$






8,101








 






 






 






 








Total Non-GAAP operating expense






$






23,209






 






 






$






24,021







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260205349138/en/
Investor Contacts:

Ryan Flanagan

ICR for Mitek Systems

ir@miteksystems.com


Michael Holder

VP, Finance and Investor Relations

mholder@miteksystems.com


Original: Mitek Reports Fiscal 2026 First Quarter Results and Raises Full-Year Outlook
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tw0122 tw0122 6 월 전
$10
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EarningsCentral EarningsCentral 2 년 전
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Monksdream Monksdream 2 년 전
Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?orderBy=percentChange&orderDir=desc
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Monksdream Monksdream 2 년 전
Mitek Systems, Inc is a software company that specializes in digital identity verification and mobile image processing using artificial intelligence. The company's software is used for depositing checks and opening bank accounts via mobile devices.[1][2] It also verifies identity documents such as passports, ID cards, and driver's licenses by analyzing a selfie of an individual holding their ID, comparing their face to the photo on the document.[3]
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Monksdream Monksdream 2 년 전
MITK 10Q due 4/15 per Seeking Alpha
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MITK new 52 hi
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Wow the options here are getting some serious action. Buyout offers being raised?
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whytestocks whytestocks 7 년 전
News: $MITK Mitek to Report First Quarter Fiscal 2019 Financial Results on January 29, 2019

SAN DIEGO, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Mitek Systems, Inc. (NASDAQ: MITK,  www.miteksystems.com ), a global leader in mobile capture and digital identity verification solutions, today announced that it will release its financial results for the first quarter of fiscal 2019, end...

Read the whole news https://marketwirenews.com/news-releases/mitek-to-report-first-quarter-fiscal-2019-financial-results-on-january-29-2019-7414036.html
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CFO "UN"Resigns. Accepted unresignation by BOD. this is good news
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Trum Trum 8 년 전
I think it will take a release of the details of the buy-out offer. But one reason for the residual bump in PPS is likely due to three things:
1- The Board has a fiduciary obligation to maximize shareholder profits - this includes considering sale at the right price. a rejection of a buy-out offer does not mean they are not for sale - this could spark more suitors now that some of the cards are out on the table.

2-Market landscape, if someone wants to park some money while things settle down where else can one easily get into and out of with a gain.

3-Less insider dumping now that we have some leadership that is actually buying instead of selling.

this play is certainly a fickle one, I had figured it to be at 12 by November and it is nowhere close enough to run there sans any news.
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BLUEVOODU BLUEVOODU 8 년 전
It's odd... after they turned it down, the price continues to rise. One could speculate turning the deal down was good. However, numbers still aren't great. CFRA reaffirmed their quantitative STRONG SELL guidance.

I could be wrong, but I won't touch the stock over $7 with the current figures. While it feels stupid because the price is going up, it feels like the decision is wrong.

... getting burned all over the place right now.
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BLUEVOODU BLUEVOODU 8 년 전
I agree with you. It's also hard to exactly know what you own. My best example is AMKR. I know there's been headwinds in the semiconductor market... but the price hit my buy and proceeded to drop for a -20%. Now, I'm being patient. Numbers look good and we are up to -18.2%. I guess you can say I'm clawing back lol.

In the case of MITK, their numbers are not looking good yet and the price is rising after the "merger not happening" news. I still have my buy out there but looking to cancel soon. There isn't a good comfort level purchasing at this price.
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Trum Trum 8 년 전
Yeah it is easy to miss some of this activity - it really crept up on me too. We don't really know what "substantial premium" valuation means but my bet is that they were offered between $12-$14 per share valuation....and turned down.

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blue_skies blue_skies 8 년 전
definitely an expensive learned.
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Cody6 Cody6 8 년 전
You have to know what you own and be patient friend.
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blue_skies blue_skies 8 년 전
i can not believe that i sold out yesterday at 6.65. no balls. no gain. great company in a dynamic area.
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BLUEVOODU BLUEVOODU 8 년 전
Looks like my $6.35 figure was right... and now it exploded. +10%

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wadirum1 wadirum1 8 년 전
I agree that many stocks are getting slammed. And most of them are able to put in 3 percent upside days here and there, but then they keep moving lower. Maybe I miss MITK, but I'll take that chance. I don't have to own it or anything. Right?
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BLUEVOODU BLUEVOODU 8 년 전
I agree with you. In some ways, I wish I had set my buy to $6.35 as I mentioned... but I still have mine at $6.00. Again... I Still wouldn't be shocked to see this hit below $6.00 with all the other market movements going on.


I did the same thing for AMKR... and now I'm getting slaughtered. A rated... looking great... but semi-conductor space took a hit and downgrade AND free fall commenced.

Some stocks are just getting hammered hard in the tech sector - which is a big reason why I think MITK still has room to fall.
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wadirum1 wadirum1 8 년 전
Powerful-looking intra-day chart today. Sometimes you have to just toss all the technicals in the trash... I haven't bought any MITK yet, but I'm not as confident as I was at the open that I can get this cheaper.
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wadirum1 wadirum1 8 년 전
Yes, that's the PR I was looking at.

Here's the MITK ADX/PPO pincher chart. This will eventually pinch, it seems, but for right now the direction remains downward. The PPO and TRIX need to be curling up, the black ADX needs to be curling down, and the red ADX needs to come down to cross the green ADX. This chart says that $6 doesn't have a chance to hold:

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BLUEVOODU BLUEVOODU 8 년 전
Are you talking about this release? If not, please link:

https://www.miteksystems.com/press-releases/mitek-announces-executive-transitions

In the above link... I can see how this could be interpreted with the "Will be transitioning" verbiage. It sounds like that. But I'm not certain. The CFO definitely left. It still leaves the questions... is something else going on and is there a reason not to put money into MITK?

CFRA is still strong sell as of 10-06. Not stating they are totally right. Schwab Rating is a D... though that's up from an F. There are several other analyses out there stating midline for this company.

Price hit below $6.35 then came back up $0.11. I Think there is possibility to hit $6.00 and am waiting for that price. Again... this might be a mistake. But this may go under $6 for awhile. Hopefully not lower.
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wadirum1 wadirum1 8 년 전
Am I reading the MITK press release on the CEO correctly? Looks as though the CEO was pushed out. Did you read it that way?

Have you seen any other analysis of this move? Seems to not be working out so well. This is a large drop from its peak.
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BLUEVOODU BLUEVOODU 8 년 전
Price nipped 6.50 today at a single point, it appears. Not sure my buy would've triggered. I see what you're saying for $6. I still think it's a good possibility with current conditions... though we will have to see what next week brings. It will have to be soon because I think as long as numbers are hit ($0.06-0.12 est)... the price will come back up.

$6.50 probably isn't a bad play and is spot on. I may regret my decision. I'll be shocked if we don't hit $6.35 though based on current market trends, sentiment of stock, and reports from CFRA and such groups. Maybe I'll change by buy back on Monday -

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wadirum1 wadirum1 8 년 전
MITK had a "death cross" of 50-day MA cutting 200-day MA from above. Stochastics are all really low, but show no sign of curling up. Support has been repeatedly broken, and now I don't see any at $6 (looking back to early 2017). I agree that $6 seems like an amazing price. But I'm not seeing a case for $6 based on the chart.

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BLUEVOODU BLUEVOODU 8 년 전
I was at $6.50 buy when things were up more... I reduced today after watching action today to $6.00. Hoping I don't regret that.

What chart or figures are you referring to?

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wadirum1 wadirum1 8 년 전
What are you thinking for an entry point?

I remain on the sidelines. Chart looks awful, for now.
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BLUEVOODU BLUEVOODU 8 년 전
That exit may have started some of this. They now have a Strong sell rating from CFRA but that's going off of quantitative analysis.

Reuters has a buy rating since End of August... and this is when things really started to slide.


When I look into the numbers, MRQ is end 6/30/18... and MRFY is 09/30/17. But the MRQ numbers do not look bad... they look like on the nose positive EPS. They may not be advancing a ton... but their EPS guidance still looks like they will hit estimates of +$0.06 to $0.12.

Other than CEO and other VP... I don't see major negative news or business drawbacks. I have set a buy on this and will jump in if it hits my number.
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wadirum1 wadirum1 8 년 전
Any thoughts on the CEO's departure? That appears to have been what sparked the sell-off.

I held MITK awhile back. Made a nice profit. Watching this meltdown from the sidelines. Seems like the company is still very solid.
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BLUEVOODU BLUEVOODU 8 년 전
Normally I'm notified of replies... totally missed this one.

I stopped looking for the last few months... but MITK hit one of my lower price points. Super downgraded by everyone right now.

Still reviewing all the down grades.
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BLUEVOODU BLUEVOODU 8 년 전
MITK is getting hammered pretty hard. I've been reading into the company. Really want something to turn around. I'm still on the sidelines... but this is definitely where I've been looking to get in.
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Cody6 Cody6 8 년 전
They say there should be no impact on guidance which is great. Perhaps getting Salome new blood on helm will actually work to their benefit. Still expecting 30%+ revenue growth!
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Trum Trum 8 년 전
It feels like more of a philosophy difference rather than any accounting shenanigans. The latter would have been grounds for dismissal on the spot and no 'agreement'. I think the two were likely not putting the proper emphasis on PPS growth or possibly courting a sale.

What will really be telling is who they bring in to fill these shoes...what they have done in their pasts and loading that with what MITK is capable of in the future.
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wadirum1 wadirum1 8 년 전
They claim the moves are unrelated.

Perhaps the CFO saw the CEO leaving and decided to leave sooner rather than sticking around under new management.
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Cody6 Cody6 8 년 전
Is it a coincidence that both the CEO and CFO are departing at the same time? Perhaps some sort of financial shenanigans occurred involving the two? Just guessing.
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wadirum1 wadirum1 8 년 전
Thoughts on the MITK management changes? Seems to me that the PR wasn't very forthcoming about the reasons behind the change.

Then again, these are some enticing prices this morning.
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MIKE2OO5 MIKE2OO5 8 년 전
Yes I’m holding some it does look promising!
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Trum Trum 8 년 전
I have been following MITK for about 5+ years, I loaded up on them back when they were nearing the leagal battle over their patents and the blogs reported a favorable outcome due to their layers positioning. Even after the nice bump today i am holding 15k shares ...maybe will start selling at 14 now that I know more about their game plan and their users.
Seems that the Funds and Institutions also believe heavily in MITK too, if you follow Morningstar reprorting on mitk it is pretty good.
Probably the best piece of advice is to read the notes from yesterday put out by the company - it offers some good insight to their direction and why their really is not a true competitor yet ( smaller players though).
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BLUEVOODU BLUEVOODU 8 년 전
I've had MITK on the radar for awhile... looking to buy into it.

They keep beating earnings... AND they are positive for the most part (small but positive). However, I have a little hesitation... so I've been digging in to the numbers and tech.

What DD have you done and found this to be a good investment? There are other investment profiles that do not have as favorable of a view... IE essentially neutral.

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cushsix cushsix 8 년 전
Mitk: Ladenburg Thalmann initiates as a buy
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The Rainmaker The Rainmaker 8 년 전
I hope this marches its way right back up to $9.30...they beat estimates again...not their fault a huge wrong side bet on XIV being unwound toppled the markets for a week.
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wadirum1 wadirum1 8 년 전
Yes. About $10M in volume today. Powerful move.

Alas, I was left on the sidelines... Maybe I can snag some on a pull-back?
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The Rainmaker The Rainmaker 8 년 전
Powerful day today moves up easily...must be a small float here.
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