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0 0 0.000711237553342801 -0.000711237553342801 0.0021337126600284 -0.00497866287339974 -0.00426742532005693 -0.00355618776671413
Stock impact report

Mitek Systems' (MITK) Q2 Earnings Decline, Revenues Rise Y/Y [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
The bottom line fell short of the Zacks Consensus Estimate of 27 cents per share. Revenues increased 2% year over year to $47 million from $46.1 million a year ago. The top-line beat the consensus estimate by 1.03%. Innovative product mix strategies, along with healthy adoption of its fraud management solutions, are cushioning the top-line performance. Flagship products such as Check Fraud Defender, MiVIP, MiPass and ID R&D biometrics are gaining traction in the market, contributing to revenue growth. The company also declared a two-year share repurchase program of up to $50 million shares. Shares of the MITK have gained 46.3% in the past year at par with the industry's rise of 46.3%. Mitek Systems, Inc. Price, Consensus and EPS Surprise Mitek Systems, Inc. price-consensus-eps-surprise-chart | Mitek Systems, Inc. Quote Quarterly Details Software & Hardware revenues (53% of total revenues) declined 1.5% year over year to $24.9 million. Despite solid momentum in new identi Show less Read more
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