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MITK

MITK - Mitek Systems Inc Stock Price, Fair Value and News

12.57USD+0.16 (+1.29%)Delayed as of 26 Apr 2024, 10:00 am ET

Market Summary

MITK
USD12.57+0.16
Delayedas of 26 Apr 2024, 10:00 am
1.29%

MITK Stock Price

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MITK RSI Chart

MITK Valuation

Market Cap

580.7M

Price/Earnings (Trailing)

-232.64

Price/Sales (Trailing)

3.55

EV/EBITDA

72.04

Price/Free Cashflow

36.9

MITK Price/Sales (Trailing)

MITK Profitability

EBT Margin

-2.30%

Return on Equity

-1.17%

Return on Assets

-0.62%

Free Cashflow Yield

2.71%

MITK Fundamentals

MITK Revenue

Revenue (TTM)

163.8M

Rev. Growth (Yr)

-19.22%

Rev. Growth (Qtr)

-1.96%

MITK Earnings

Earnings (TTM)

-2.5M

Earnings Growth (Yr)

-222.47%

Earnings Growth (Qtr)

-301.18%

Breaking Down MITK Revenue

52 Week Range

8.8813.57
(Low)(High)

Last 7 days

3.4%

Last 30 days

-6.3%

Last 90 days

-1.7%

Trailing 12 Months

39.1%

How does MITK drawdown profile look like?

MITK Financial Health

Current Ratio

4.7

MITK Investor Care

Shares Dilution (1Y)

3.12%

Diluted EPS (TTM)

-0.06

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023170.6M174.5M172.6M163.8M
2022131.0M138.4M144.8M158.0M
2021110.8M117.2M119.8M126.3M
202092.2M95.7M101.3M105.2M
201974.8M80.6M84.6M89.0M
201851.1M55.4M63.6M69.1M
201739.5M42.2M45.4M48.3M
201630.2M32.9M34.7M36.6M
201521.3M23.0M25.4M27.4M
201417.2M18.0M19.2M20.1M
201310.9M11.6M14.8M16.0M
201210.7M10.9M9.1M8.9M
20117.7M9.0M10.3M12.4M
2010005.1M6.4M
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Tracking the Latest Insider Buys and Sells of Mitek Systems Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jan 02, 2024
lyle david
acquired
750,005
12.89
58,185
chief financial officer
Dec 10, 2023
gray jason
acquired
750,006
10.85
69,125
gc, secretary & admin officer
Dec 07, 2023
carnecchia scipio maximus
sold
-609,387
10.86
-56,113
chief executive officer
Dec 07, 2023
briggs christopher h
sold
-24,836
10.86
-2,287
-
Dec 07, 2023
diamond michael e
sold
-78,648
10.86
-7,242
-
Dec 01, 2023
briggs christopher h
acquired
325,007
11.35
28,635
-
Dec 01, 2023
diamond michael e
sold
-22,095
11.07
-1,996
-
Dec 01, 2023
briggs christopher h
sold
-16,815
11.07
-1,519
-
Dec 01, 2023
carnecchia scipio maximus
sold
-136,936
11.07
-12,370
chief executive officer
Dec 01, 2023
carnecchia scipio maximus
acquired
1,000,000
11.35
88,106
chief executive officer

1–10 of 50

Which funds bought or sold MITK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 24, 2024
Assenagon Asset Management S.A.
added
13.44
54,022
292,406
-%
Apr 24, 2024
BROWN ADVISORY INC
unchanged
-
10,600
141,000
-%
Apr 24, 2024
ABSOLUTE INVESTMENT ADVISERS, LLC
unchanged
-
433,629,000
5,717,890,000
0.91%
Apr 23, 2024
Global Retirement Partners, LLC
unchanged
-
2,054
12,591
-%
Apr 23, 2024
AMALGAMATED BANK
reduced
-75.36
-57,000
21,000
-%
Apr 23, 2024
WESBANCO BANK INC
new
-
1,099,800
1,099,800
0.04%
Apr 23, 2024
Total Clarity Wealth Management, Inc.
sold off
-100
-147,417
-
-%
Apr 22, 2024
MetLife Investment Management, LLC
unchanged
-
53,801
302,398
-%
Apr 22, 2024
PFG Investments, LLC
new
-
430,050
430,050
0.03%
Apr 22, 2024
RAYMOND JAMES & ASSOCIATES
added
4.56
124,760
1,079,850
-%

1–10 of 45

Are Funds Buying or Selling MITK?

Are funds buying MITK calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MITK
No. of Funds

Unveiling Mitek Systems Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
blue grotto capital, llc
7.5%
3,436,070
SC 13G/A
Feb 13, 2024
toronado partners, llc
2.58%
1,176,950
SC 13G/A
Feb 13, 2024
legal & general investment management ltd
6.67%
3,045,287
SC 13G
Feb 13, 2024
vanguard group inc
7.41%
3,379,226
SC 13G/A
Jan 25, 2024
blackrock inc.
8.2%
3,735,346
SC 13G/A
Feb 16, 2023
legal & general investment management ltd
6.13%
2,742,257
SC 13G
Feb 14, 2023
toronado partners, llc
5.90%
2,635,040
SC 13G/A
Feb 14, 2023
legal & general investment management ltd
6.13%
2,742,257
SC 13G
Feb 09, 2023
vanguard group inc
6.39%
2,854,999
SC 13G/A
Jan 31, 2023
blackrock inc.
7.5%
3,335,895
SC 13G/A

Recent SEC filings of Mitek Systems Inc

View All Filings
Date Filed Form Type Document
Apr 24, 2024
8-K
Current Report
Apr 17, 2024
8-K/A
Current Report
Apr 15, 2024
8-K
Current Report
Apr 15, 2024
10-Q
Quarterly Report
Apr 03, 2024
8-K
Current Report
Mar 19, 2024
8-K
Current Report
Mar 19, 2024
10-K
Annual Report
Feb 14, 2024
8-K
Current Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 13, 2024
SC 13G/A
Major Ownership Report

Peers (Alternatives to Mitek Systems Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
264.8B
34.9B
-10.72% 42.56%
64.03
7.6
11.18% 1888.46%
143.9B
37.3B
-11.08% 133.42%
76.24
3.86
16.95% 120.64%
46.3B
5.3B
-17.31% 13.94%
50.48
8.66
9.15% 48.14%
28.4B
2.3B
-6.55% 5.04%
56.85
12.53
9.90% -4.45%
18.4B
4.5B
-8.02% -0.65%
28.79
4.05
3.06% 514.65%
MID-CAP
7.7B
620.4M
-12.57% 74.15%
2.9K
12.44
31.48% 103.97%
6.2B
4.4B
-18.24% 59.70%
-18.17
1.4
7.53% 78.52%
3.4B
970.0M
0.90% -15.87%
-19.13
3.53
13.46% 43.89%
3.3B
881.7M
-11.04% 37.40%
40.55
3.7
4.64% 44.42%
2.7B
296.4M
-18.11% 25.27%
-9.83
9.01
11.14% -3.59%
2.3B
228.1M
5.08% 7.59%
26.15
10.01
18.99% 599.09%
SMALL-CAP
1.2B
413.5M
0.63% -1.64%
92.02
2.88
-1.65% -71.35%
185.7M
572.4M
-26.32% -84.78%
-0.94
0.32
-19.38% -489.49%
180.2M
119.1M
-7.71% -47.86%
-19.56
1.51
24.27% 36.31%
173.7M
31.3M
42.67% 140.00%
-29.58
5.55
4.69% 43.72%

Mitek Systems Inc News

Latest updates
Forbes • 22 Apr 2024 • 08:17 pm
Yahoo Finance • 17 Apr 2024 • 12:53 pm
Seeking Alpha • 16 Apr 2024 • 02:00 am
Seeking Alpha • 27 Mar 2024 • 07:00 am
Yahoo Finance • 20 Mar 2024 • 07:00 am
The Motley Fool • 7 months ago

Mitek Systems Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-2.0%37.0038.0043.0046.0046.0040.0039.0034.0032.0033.0032.0029.0026.0031.0025.0023.0022.0025.0022.0020.0018.00
Costs and Expenses7.1%44.0041.0041.0037.0037.0036.0038.0031.0028.0029.0026.0026.0024.0025.0024.0022.0022.0020.0025.0022.0022.00
Operating Expenses-100.0%-35.0036.0032.0032.0031.0033.0026.0023.00------------
  S&GA Expenses-11.3%10.0011.0010.0010.0010.0010.0011.009.008.008.008.009.007.007.007.007.007.004.007.007.007.00
  R&D Expenses36.9%9.006.007.007.008.008.008.007.006.008.007.007.006.006.006.006.005.007.005.005.004.00
EBITDA Margin-64.2%0.04*0.12*0.14*0.14*0.10*0.09*0.10*0.14*0.15*0.13*0.15*0.12*0.11*0.11*-------
Interest Expenses-5.7%2.002.002.002.002.002.002.002.002.002.002.001.00---------
Income Taxes17.9%-1.74-2.121.002.002.001.00-0.88-0.02-0.171.000.000.00-0.531.000.000.000.002.00-2.71-0.79-1.35
Earnings Before Taxes-111.3%-7.54-3.570.007.007.001.00-1.090.003.002.003.001.002.006.002.001.001.005.00-2.81-1.51-4.55
EBT Margin-138.4%-0.02*0.06*0.08*0.08*0.04*0.02*0.03*0.07*0.08*0.07*0.11*0.10*0.10*0.09*-------
Net Income-301.2%-5.79-1.44-0.435.005.000.00-0.210.003.002.003.001.002.005.001.001.001.003.00-0.10-0.72-3.19
Net Income Margin-132.8%-0.02*0.05*0.05*0.06*0.03*0.02*0.04*0.06*0.07*0.07*0.10*0.09*0.09*0.08*-------
Free Cashflow-413.5%-9.703.0016.006.005.0010.006.007.002.0012.009.007.008.006.00-------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.0%405405417402386364374384403420422356177169157148147136136128126
  Current Assets-2.1%18619017816014113811294.0018820420520787.0084.0069.0055.0052.0054.0047.0041.0037.00
    Cash Equivalents9.5%65.0059.0087.0083.0057.0032.0022.0024.0024.0030.0041.0054.0027.0020.0019.0017.0015.0017.0016.0019.0010.00
  Net PPE-4.7%3.003.003.003.003.003.004.004.004.004.004.004.004.004.004.004.004.004.005.005.005.00
  Goodwill3.3%12812413213012811612713562.0063.0067.0036.0037.0036.0034.0034.0034.0033.0034.0033.0034.00
Liabilities-4.3%19220021019919419419819921622723418835.0037.0038.0034.0035.0029.0033.0030.0031.00
  Current Liabilities-23.1%40.0051.0054.0045.0042.0048.0045.0041.0033.0039.0038.0025.0023.0024.0024.0020.0021.0020.0022.0019.0019.00
Shareholder's Equity4.2%21420520820319117117618518719318916814213211911411210710398.0096.00
  Retained Earnings-62.2%-15.10-9.31-8.53-8.10-13.27-17.34-17.69-17.47-13.23-6.07-7.82-10.81-11.83-13.99-18.99-20.34-20.25-20.81-24.09-23.99-23.27
  Additional Paid-In Capital3.4%236229226223220216211207203200196179151147141138135132129125120
Shares Outstanding2.3%47.0046.0046.0045.0045.0045.0045.0045.0045.0044.0044.0043.0042.0042.00-------
Float----429---641---616---317---475-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-372.5%-9,4633,47316,5526,2975,2645,1066,3277,4352,25112,3258,9557,3318,7306,7479,0063,1795,1906,3621,2684,3242,296
  Share Based Compensation28.3%3,4302,6732,6442,7042,4423,2293,6883,2973,1322,9502,8672,9682,7472,4392,5012,3082,3032,3462,2682,3532,670
Cashflow From Investing155.2%17,889-32,405-12,10719,13218,5963,856-413-3,7972,054-23,065-22,680-120,373-4,370-9,176-7,695-648-7,187-6,187-6,2653,231-1,286
Cashflow From Financing-906.7%-3,11438656.00633626370-7,777-3,599-10,137834211140,7641,8713,143585-320-5.007512,264946422
  Buy Backs------348500*4,68210,145190-----1,002-----

MITK Income Statement

2023-12-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue  
Total revenue$ 36,917$ 45,703
Operating costs and expenses  
Selling and marketing9,8569,515
Research and development8,8747,670
General and administrative15,5388,479
Amortization and acquisition-related costs3,9834,821
Restructuring costs481,776
Total operating costs and expenses43,83337,330
Operating income (loss)(6,916)8,373
Interest expense2,2632,137
Other income, net1,642336
Income (loss) before income taxes(7,537)6,572
Income tax benefit (provision)1,744(1,846)
Net income (loss)$ (5,793)$ 4,726
Net income (loss) per share – basic (in dollars per share)$ (0.13)$ 0.11
Net income (loss) per share - diluted (in dollars per share)$ (0.13)$ 0.10
Shares used in calculating net income (loss) per share – basic (in shares)46,29444,930
Shares used in calculating net income (loss) per share – diluted (in shares)46,29445,634
Comprehensive income  
Net income (loss)$ (5,793)$ 4,726
Foreign currency translation adjustment6,54412,703
Unrealized gain on investments102352
Comprehensive income85317,781
Software and hardware  
Revenue  
Total revenue15,98026,376
Operating costs and expenses  
Cost of revenue40169
Services and other  
Revenue  
Total revenue20,93719,327
Operating costs and expenses  
Cost of revenue$ 5,494$ 4,900

MITK Balance Sheet

2023-12-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
Current assets:  
Cash and cash equivalents$ 64,538$ 58,913
Short-term investments59,37374,700
Accounts receivable, net35,26732,132
Contract assets, current portion17,30518,355
Prepaid expenses6,9083,513
Other current assets2,5732,396
Total current assets185,964190,009
Long-term investments01,304
Property and equipment, net2,6952,829
Right-of-use assets3,8374,140
Intangible assets, net63,17364,674
Goodwill127,664123,548
Deferred income tax assets13,38811,645
Contract assets, non-current portion7,2165,579
Other non-current assets1,4531,647
Total assets405,390405,375
Current liabilities:  
Accounts payable10,1697,589
Accrued payroll and related taxes7,06310,554
Accrued interest payable598305
Income tax payables514,329
Deferred revenue, current portion18,33017,360
Lease liabilities, current portion1,5691,902
Acquisition-related contingent consideration07,976
Other current liabilities1,8201,482
Total current liabilities39,60051,497
Convertible senior notes137,486135,516
Deferred revenue, non-current portion1,051957
Lease liabilities, non-current portion2,7922,867
Deferred income tax liabilities, non-current portion6,7576,476
Other non-current liabilities3,9062,874
Total liabilities191,592200,187
Stockholders’ equity:  
Preferred stock, $0.001 par value, 1,000,000 shares authorized, none issued and outstanding00
Common stock, $0.001 par value, 120,000,000 and 120,000,000 shares authorized, 46,631,594 and 45,591,199 issued and outstanding, as of December 31, 2023 and September 30, 2023, respectively4746
Additional paid-in capital236,447228,691
Accumulated other comprehensive loss(7,591)(14,237)
Accumulated deficit(15,105)(9,312)
Total stockholders’ equity213,798205,188
Total liabilities and stockholders’ equity$ 405,390$ 405,375
MITK
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. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
 CEO
 WEBSITEmiteksystems.com
 INDUSTRYSoftware - Apps
 EMPLOYEES565

Mitek Systems Inc Frequently Asked Questions


What is the ticker symbol for Mitek Systems Inc? What does MITK stand for in stocks?

MITK is the stock ticker symbol of Mitek Systems Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Mitek Systems Inc (MITK)?

As of Thu Apr 25 2024, market cap of Mitek Systems Inc is 580.67 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MITK stock?

You can check MITK's fair value in chart for subscribers.

What is the fair value of MITK stock?

You can check MITK's fair value in chart for subscribers. The fair value of Mitek Systems Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Mitek Systems Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MITK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Mitek Systems Inc a good stock to buy?

The fair value guage provides a quick view whether MITK is over valued or under valued. Whether Mitek Systems Inc is cheap or expensive depends on the assumptions which impact Mitek Systems Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MITK.

What is Mitek Systems Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 25 2024, MITK's PE ratio (Price to Earnings) is -232.64 and Price to Sales (PS) ratio is 3.55. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MITK PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Mitek Systems Inc's stock?

In the past 10 years, Mitek Systems Inc has provided 0.142 (multiply by 100 for percentage) rate of return.