Mitek Reports Fiscal 2024 Second Quarter Financial Results and Reiterates 2024 Fiscal Full Year Guidance
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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Source: Business Wire
Company Announces $50 Million Share Repurchase Plan SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity and fraud prevention, today reported financial results for its second quarter ended March 31, 2024, and reiterated its previously provided guidance for its 2024 fiscal year ending September 30, 2024.Fiscal 2024 Second Quarter Financial ResultsTotal revenue was $47.0 million, compared to $46.1 million a year ago.GAAP operating income was $0.7 million, an operating margin of 1%, compared to GAAP operating income of $8.7 million, an operating margin of 19% a year ago.GAAP net income was $0.3 million, or $0.01 per diluted share, compared to GAAP net income of $5.2 million, or $0.11 per diluted share a year ago.Non-GAAP net income was $11.5 million, or $0.24 per diluted share, compared to $13.7 million, or $0.30 per diluted share last year.Non-GAAP operating income was $12.8 million and non
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MITK
News
- Concerned Stockholder Group Votes Against the Re-Election of Mitek Systems’ Board of DirectorsBusiness Wire
- Mitek downgraded at Jefferies on near-term uncertainty [Seeking Alpha]Seeking Alpha
- Mitek Systems, Inc. (NASDAQ: MITK) was downgraded by analysts at Jefferies Financial Group Inc. from a "buy" rating to a "hold" rating. They now have a $9.50 price target on the stock, down previously from $17.00.MarketBeat
- Alogent and Mitek Announce Partnership to Tackle Ballooning Check Fraud Epidemic [Yahoo! Finance]Yahoo! Finance
- Ford plans new low-cost EV pickup truck launching in 2027 [Yahoo! Finance Canada]Yahoo! Finance Canada
MITK
Earnings
- 8/8/24 - Beat
MITK
Sec Filings
- 9/13/24 - Form 8-K
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- MITK's page on the SEC website