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Mitek Systems Inc (MITK) Q1 2025 Earnings Call Highlights: Strong Identity Revenue Growth ... [Yahoo! Finance]

Mitek Systems, Inc. (MITK) 
Last mitek systems, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.miteksystems.com
Company Research Source: Yahoo! Finance
4 min read In This Article MITK Total Revenue: $37.3 million for fiscal Q1, slightly ahead of last year. Deposit Products Revenue: $19.3 million, a 9% decline year over year. Identity Products Revenue: $18 million, a 13% increase year over year. Non-GAAP Gross Profit: $31.5 million, representing an 84% non-GAAP gross margin. Adjusted EBITDA: $7.8 million, representing a 21% margin. Identity Revenue (Last 12 Months): $70.7 million, up from $68.5 million at the end of fiscal 2024. Identity SaaS Revenue Growth: 26% year over year. Free Cash Flow (Last 12 Months): $40.2 million. Cash and Investments Balance: $137.9 million at the end of Q1. Fiscal 2025 Revenue Guidance: $170 million to $180 million. Adjusted EBITDA Margin Guidance: 25% to 28% for fiscal 2025. Warning! GuruFocus has detected 4 Warning Sign with MITK. Release Date: February 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript Positive Show less Read more
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