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MITK

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

11.33USD-0.08 (-0.70%)Market Closed

Market Summary

MITK
USD11.33-0.08
Market Closed
-0.70%

MITK Alerts

  • 1 major insider sales recently.
  • Big fall in earnings (Y/Y)

MITK Stock Price

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MITK RSI Chart

MITK Valuation

Market Cap

530.1M

Price/Earnings (Trailing)

-71.81

Price/Sales (Trailing)

3.22

EV/EBITDA

-7.7K

Price/Free Cashflow

32.64

MITK Price/Sales (Trailing)

MITK Profitability

EBT Margin

-6.78%

Return on Equity

-3.42%

Return on Assets

-1.77%

Free Cashflow Yield

3.06%

MITK Fundamentals

MITK Revenue

Revenue (TTM)

164.6M

Rev. Growth (Yr)

1.83%

Rev. Growth (Qtr)

27.23%

MITK Earnings

Earnings (TTM)

-7.4M

Earnings Growth (Yr)

-94.54%

Earnings Growth (Qtr)

104.87%

Breaking Down MITK Revenue

Last 7 days

-10.5%

Last 30 days

-19.5%

Last 90 days

-4.3%

Trailing 12 Months

12.1%

How does MITK drawdown profile look like?

MITK Financial Health

Current Ratio

4.27

MITK Investor Care

Shares Dilution (1Y)

3.12%

Diluted EPS (TTM)

-0.16

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024164.6M000
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
Jun 07, 2024
wells donna
sold
-209,814
12.46
-16,839
-
Jun 04, 2024
carter scott r
acquired
499,998
12.39
40,355
interim ceo
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
briggs christopher h
sold
-16,815
11.07
-1,519
-
Dec 01, 2023
diamond michael e
sold
-22,095
11.07
-1,996
-

1–10 of 50

Which funds bought or sold MITK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
unchanged
-
-1.00
38.00
-%
Jun 03, 2024
Kopp LeRoy C
new
-
3,340,000
3,340,000
1.91%
May 16, 2024
JANE STREET GROUP, LLC
unchanged
-
8,639
117,846
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-0.73
43,740
639,759
-%
May 16, 2024
JANE STREET GROUP, LLC
added
4.14
27,035
241,491
-%
May 16, 2024
Virtus Investment Advisers, Inc.
sold off
-100
-46,375
-
-%
May 15, 2024
Cubist Systematic Strategies, LLC
reduced
-26.25
-46,605
183,512
-%
May 15, 2024
Walleye Capital LLC
added
26.58
146,652
544,359
-%
May 15, 2024
Newtyn Management, LLC
added
16.73
3,393,400
16,335,700
3.25%
May 15, 2024
Brevan Howard Capital Management LP
sold off
-100
-387,040
-
-%

1–10 of 35

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
Jun 11, 2024
8-K
Current Report
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
144
Notice of Insider Sale Intent
Jun 06, 2024
144
Notice of Insider Sale Intent
Jun 05, 2024
8-K/A
Current Report
May 13, 2024
8-K
Current Report
May 10, 2024
10-Q
Quarterly Report
Apr 24, 2024
8-K
Current Report
Apr 17, 2024
8-K/A
Current Report

Peers (Alternatives to Mitek Systems Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
221.9B
35.7B
-15.03% 12.83%
40.56
6.21
11.04% 1343.27%
148.1B
38.6B
10.80% 76.65%
106.52
3.84
14.01% 141.26%
48.2B
5.6B
2.94% 4.56%
48.31
8.53
10.60% 18.97%
28.4B
2.2B
-0.55% -2.05%
65.25
12.73
3.59% -21.47%
17.9B
4.6B
-4.10% -12.06%
21.34
3.92
3.13% 15150.61%
MID-CAP
8.5B
671.8M
-3.74% 38.62%
110.62
12.59
33.64% 185.98%
5.8B
4.7B
-9.02% 45.37%
-31.57
1.24
10.90% 88.31%
3.7B
296.4M
26.73% -26.65%
-13.52
12.4
11.14% -3.59%
3.4B
970.0M
0.90% -15.87%
-19.13
3.53
13.46% 43.89%
3.1B
895.2M
-6.91% 22.77%
34.97
3.5
5.72% 46.94%
2.5B
237.5M
14.50% 26.08%
28.8
10.46
19.89% 491.11%
SMALL-CAP
1.2B
413.5M
0.63% -1.64%
92.02
2.88
-1.65% -71.35%
237.7M
31.6M
9.95% 268.84%
-40.47
7.51
2.76% 43.72%
206.0M
117.7M
8.82% -34.42%
-20.89
1.75
12.54% 11.24%
156.8M
544.5M
-30.90% -82.54%
-0.37
0.29
-18.24% -2615.41%

Mitek Systems Inc News

Latest updates
MarketBeat14 hours ago
Simply Wall St11 Jun 202411:01 am
Seeking Alpha21 May 202407:00 am

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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue27.2%47.0037.0038.0043.0046.0046.0040.0039.0034.0032.0033.0032.0029.0026.0031.0025.0023.0022.0025.0022.0020.00
Costs and Expenses5.6%46.0044.0041.0041.0037.0037.0036.0038.0031.0028.0029.0026.0026.0024.0025.0024.0022.0022.0020.0025.0022.00
Operating Expenses---35.0036.0032.0032.0031.0033.0026.0023.00-----------
  S&GA Expenses11.8%11.0010.0011.0010.0010.0010.0010.0011.009.008.008.008.009.007.007.007.007.007.004.007.007.00
  R&D Expenses9.5%10.009.006.007.007.008.008.008.007.006.008.007.007.006.006.006.006.005.007.005.005.00
EBITDA Margin-100.8%0.00*0.04*0.12*0.15*0.14*0.11*0.09*0.10*0.14*0.15*0.13*0.15*0.12*0.11*-------
Interest Expenses1.8%2.002.002.002.002.002.002.002.002.002.002.002.001.00--------
Income Taxes60.0%-0.70-1.74-2.121.002.002.001.00-0.88-0.02-0.171.000.000.00-0.531.000.000.000.002.00-2.71-0.79
Earnings Before Taxes94.5%-0.41-7.54-3.560.007.007.001.00-1.090.003.002.003.001.002.006.002.001.001.005.00-2.81-1.51
EBT Margin-194.5%-0.07*-0.02*0.06*0.09*0.08*0.05*0.02*0.03*0.07*0.08*0.07*0.11*0.10*0.10*-------
Net Income104.9%0.00-5.79-1.44-0.435.005.000.00-0.210.003.002.003.001.002.005.001.001.001.003.00-0.10-0.72
Net Income Margin-194.3%-0.04*-0.02*0.05*0.06*0.06*0.03*0.03*0.04*0.06*0.07*0.07*0.10*0.09*0.09*-------
Free Cashflow167.8%7.00-9.703.0016.006.005.005.006.007.002.0012.009.007.008.00-------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets2.9%417405405417402386364374384403420422356177169157148147136136128
  Current Assets8.4%20218619017816014113811294.0018820420520787.0084.0069.0055.0052.0054.0047.0041.00
    Cash Equivalents25.4%81.0065.0059.0087.0083.0057.0032.0022.0024.0024.0030.0041.0054.0027.0020.0019.0017.0015.0017.0016.0019.00
  Net PPE0.5%3.003.003.003.003.003.003.004.004.004.004.004.004.004.004.004.004.004.004.005.005.00
  Goodwill-1.0%12612812413213012811612713562.0063.0067.0036.0037.0036.0034.0034.0034.0033.0034.0033.00
Liabilities4.8%20119220021019919419419819921622723418835.0037.0038.0034.0035.0029.0033.0030.00
  Current Liabilities19.3%47.0040.0051.0054.0045.0042.0048.0045.0041.0033.0039.0038.0025.0023.0024.0024.0020.0021.0020.0022.0019.00
Shareholder's Equity1.1%21621420520820419217117618518719318916814213211911411210710398.00
  Retained Earnings1.9%-14.82-15.10-9.31-8.53-8.10-13.27-17.34-17.69-17.47-13.23-6.07-7.82-10.81-11.83-13.99-18.99-20.34-20.25-20.81-24.09-23.99
  Additional Paid-In Capital1.7%241236229226223220216211207203200196179151147141138135132129125
Shares Outstanding0.3%47.0047.0046.0046.0045.0045.0045.0045.0045.0045.0044.0043.0043.0042.00-------
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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations174.6%7,064-9,4633,47316,5526,3015,2605,1066,3277,4352,25112,3258,9557,3318,7306,7479,0063,1795,1906,3621,2684,324
  Share Based Compensation13.4%3,8883,4302,6732,6442,7042,4423,2293,6883,2973,1322,9502,8672,9682,7472,4392,5012,3082,3032,3462,2682,353
Cashflow From Investing-46.9%9,49517,889-32,405-12,10719,13218,5963,856-413-3,7972,054-23,065-22,680-120,373-4,370-9,176-7,695-648-7,187-6,187-6,2653,231
Cashflow From Financing103.2%99.00-3,11438656.00633626370-7,777-3,599-10,137834211140,7641,8713,143585-320-5.007512,264946
  Buy Backs-------348500*4,68210,145190-----1,002----
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MITK Income Statement

2024-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Total revenue$ 46,968$ 46,123$ 83,885$ 91,826
Operating costs and expenses    
Selling and marketing11,0219,62320,87719,138
Research and development9,7137,37318,58715,043
General and administrative14,94310,05930,48118,538
Amortization and acquisition-related costs3,8484,2747,8319,095
Restructuring costs5302105781,986
Total operating costs and expenses46,27037,43790,10374,767
Operating income (loss)6988,686(6,218)17,059
Interest expense2,3032,1634,5664,300
Other income, net1,1904542,832794
Income (loss) before income taxes(415)6,977(7,952)13,553
Income tax benefit (provision)697(1,808)2,441(3,654)
Net income (loss)$ 282$ 5,169$ (5,511)$ 9,899
Net income (loss) per share – basic (in dollars per share)$ 0.01$ 0.11$ (0.12)$ 0.22
Net income (loss) per share - diluted (in dollars per share)$ 0.01$ 0.11$ (0.12)$ 0.22
Shares used in calculating net income (loss) per share – basic (in shares)46,89645,37746,59345,317
Shares used in calculating net income (loss) per share – diluted (in shares)48,04145,78046,59345,932
Comprehensive income (loss)    
Net income (loss)$ 282$ 5,169$ (5,511)$ 9,899
Other comprehensive income (loss)    
Foreign currency translation adjustment(1,966)3,0224,57815,725
Unrealized gain (loss) on investments(42)29660648
Other comprehensive income (loss)(2,008)3,3184,63816,373
Comprehensive income (loss)(1,726)8,487(873)26,272
Software and hardware    
Revenue    
Total revenue24,88925,26040,86951,636
Operating costs and expenses    
Cost of revenue2921969388
Services and other    
Revenue    
Total revenue22,07920,86343,01640,190
Operating costs and expenses    
Cost of revenue$ 6,186$ 5,679$ 11,680$ 10,579

MITK Balance Sheet

2024-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Sep. 30, 2023
Current assets:  
Cash and cash equivalents$ 80,939$ 58,913
Short-term investments42,98774,700
Accounts receivable, net52,06132,132
Contract assets, current portion15,14018,355
Prepaid expenses7,7833,513
Other current assets2,7052,396
Total current assets201,615190,009
Long-term investments6,3371,304
Property and equipment, net2,7082,829
Right-of-use assets3,3134,140
Intangible assets, net58,85164,674
Goodwill126,389123,548
Deferred income tax assets13,52111,645
Contract assets, non-current portion2,6925,579
Other non-current assets1,6041,647
Total assets417,030405,375
Current liabilities:  
Accounts payable9,0567,589
Accrued payroll and related taxes9,59210,554
Accrued interest payable210305
Income tax payables1904,329
Deferred revenue, current portion25,72817,360
Lease liabilities, current portion1,1681,902
Acquisition-related contingent consideration07,976
Other current liabilities1,3181,482
Total current liabilities47,26251,497
Convertible senior notes139,492135,516
Deferred revenue, non-current portion1,020957
Lease liabilities, non-current portion2,5902,867
Deferred income tax liabilities6,6906,476
Other non-current liabilities3,8302,874
Total liabilities200,884200,187
Stockholders’ equity:  
Preferred stock, $0.001 par value, 1,000,000 shares authorized, none issued and outstanding00
Common stock, $0.001 par value, 120,000,000 and 120,000,000 shares authorized, 46,790,611 and 45,591,199 issued and outstanding, as of March 31, 2024 and September 30, 2023, respectively4746
Additional paid-in capital240,521228,691
Accumulated other comprehensive loss(9,599)(14,237)
Accumulated deficit(14,823)(9,312)
Total stockholders’ equity216,146205,188
Total liabilities and stockholders’ equity$ 417,030$ 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 Wed Jun 12 2024, market cap of Mitek Systems Inc is 533.88 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 Wed Jun 12 2024, MITK's PE ratio (Price to Earnings) is -72.31 and Price to Sales (PS) ratio is 3.24. 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 0.128 (multiply by 100 for percentage) rate of return.