Mitek Systems Inc

Technology US MITK

14.65USD
-0.23(1.55%)

Last update at 2026-03-10T20:00:00Z

Day Range

14.4315.04
LowHigh

52 Week Range

9.4716.24
LowHigh

Fundamentals

  • Previous Close 14.88
  • Market Cap589.09M
  • Volume752021
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA14.01M
  • Revenue TTM164.61M
  • Revenue Per Share TTM3.56
  • Gross Profit TTM 105.26M
  • Diluted EPS TTM-0.17

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Income before tax 2.74M 2.74M 9.23M 9.41M -3.98800M
Minority interest - - - - -
Net income 3.03M 3.03M 8.41M 7.81M -0.72400M
Selling general administrative 26.59M 65.43M 22.49M 22.28M 19.86M
Selling and marketing expenses 38.84M - 32.50M 27.65M 27.41M
Gross profit 123.94M 123.94M 105.26M 88.12M 72.32M
Reconciled depreciation - 14.95M 8.94M 7.94M 8.41M
Ebit 27.57M - 13.71M 8.87M 1.54M
Ebitda 27.94M 10.97M 22.88M 15.21M 9.11M
Depreciation and amortization 0.37M - 9.18M 6.35M 7.56M
Non operating income net other - - 0.65M - 0.60M
Operating income 27.57M 28.31M 13.71M 8.87M 1.54M
Other operating expenses 115.63M - 106.09M 92.56M 86.11M
Interest expense 8.23M 8.23M 5.13M 0.77M 5.53M
Tax provision - -0.29500M 0.82M 1.59M -3.26400M
Interest income - - - - -
Net interest income - -8.23200M -5.12900M - -
Extraordinary items - - - - -
Non recurring - - -8.95100M - -10.63000M
Other items - - - - -
Income tax expense -0.29500M - 0.82M 1.59M -3.26400M
Total revenue 143.94M 143.94M 119.80M 101.31M 84.59M
Total operating expenses 95.62M 115.63M 91.55M 79.36M 73.85M
Cost of revenue 20.01M 20.01M 14.54M 13.19M 12.27M
Total other income expense net -24.83400M -17.34200M -4.47400M 0.54M -5.53200M
Discontinued operations - - - - -
Net income from continuing ops - 3.03M 8.41M 7.81M -0.72400M
Net income applicable to common shares - - 8.41M 7.81M -0.72400M
Preferred stock and other adjustments - - - - -
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Total assets 360.41M 360.41M 419.28M 169.15M 135.90M
Intangible assets 75.76M 75.76M 28.73M 19.29M 24.41M
Earning assets - - - - -
Other current assets 2.62M 2.62M 2.08M 1.97M 2.10M
Total liab 190.09M 190.09M 226.02M 36.91M 28.56M
Total stockholder equity 170.32M 170.32M 193.26M 132.24M 107.33M
Deferred long term liab - - 52.33M - 5.55M
Other current liab 20.02M 20.02M 23.63M 10.65M 2.94M
Common stock 0.04M 0.04M 0.04M 0.04M 0.04M
Capital stock - 0.04M 0.04M 0.04M 0.04M
Retained earnings -18.00100M -18.00100M -5.63500M -13.99400M -20.80600M
Other liab - - 60.06M 6.63M 8.12M
Good will 120.19M 120.19M 62.69M 35.67M 32.64M
Other assets - - 65.03M 19.09M 18.94M
Cash 32.06M 32.06M 30.31M 19.99M 16.75M
Cash and equivalents - - - - -
Total current liabilities 40.50M 40.50M 38.46M 24.36M 20.05M
Current deferred revenue 13.39M 13.39M 10.38M 7.97M 5.61M
Net debt 102.13M 102.13M 99.14M -12.84000M -16.74800M
Short term debt 2.11M 2.11M 1.94M 1.82M 7.94M
Short long term debt - - - - 0.20M
Short long term debt total 134.19M 134.19M 129.45M 7.15M -
Other stockholder equity 216.49M 216.49M 199.79M 146.52M 132.16M
Property plant equipment - - 10.73M 9.02M 4.23M
Total current assets 129.10M 129.10M 204.06M 84.13M 54.13M
Long term investments - 10.63M 48.05M 1.96M 1.55M
Net tangible assets - - 101.84M 77.28M 50.29M
Short term investments 58.27M 58.27M 149.06M 40.03M 16.50M
Net receivables 34.15M 34.15M 20.68M 20.80M 17.29M
Long term debt - 127.97M 120.92M - 0.40M
Inventory 2.00M 2.00M 1.92M 1.34M 1.49M
Accounts payable 4.97M 4.97M 2.51M 3.91M 3.56M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -28.21900M -28.21900M -0.94300M -0.32300M -4.06100M
Additional paid in capital - - - - -
Common stock total equity - - 0.04M 0.04M 0.04M
Preferred stock total equity - - - - -
Retained earnings total equity - - -6.06600M - -20.80600M
Treasury stock - - -0.14000M - -
Accumulated amortization - - - - -
Non currrent assets other 5.85M 5.85M 54.52M 5.61M 2.35M
Deferred long term asset charges - - - - -
Non current assets total 231.31M 231.31M 215.23M 85.03M 81.77M
Capital lease obligations - 6.22M 8.53M 7.15M -
Long term debt total - - - - -
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Investments -6.78400M -3.53000M -156.55200M -23.90300M -9.44400M
Change to liabilities - 2.18M 1.27M 3.42M 0.20M
Total cashflows from investing activities - -3.53000M -170.48800M -24.70600M -10.50700M
Net borrowings - - 116.71M 0.07M -0.16800M
Total cash from financing activities -21.14300M -21.14300M 143.68M 3.40M 4.38M
Change to operating activities - - 1.53M 0.35M -0.59800M
Net income 3.03M 3.03M 7.98M 7.81M -0.72400M
Change in cash 1.75M 1.75M 10.33M 3.24M 7.72M
Begin period cash flow 30.31M 30.31M 19.99M 16.75M 9.03M
End period cash flow 32.06M 32.06M 30.31M 19.99M 16.75M
Total cash from operating activities 26.35M 26.35M 37.34M 24.12M 14.25M
Issuance of capital stock - - - 4.81M 5.58M
Depreciation 14.95M 14.55M 8.94M 7.94M 8.41M
Other cashflows from investing activities - - -12.54900M - -9.44400M
Dividends paid - - 4.04M 0.22M -
Change to inventory -1.68100M - 2.68M -6.34500M -2.35500M
Change to account receivables -10.81300M -10.81300M -0.81300M -0.36100M 1.56M
Sale purchase of stock -15.17600M -15.17600M -0.19000M -1.00200M 5.58M
Other cashflows from financing activities -7.65600M - 143.96M -0.04400M -0.90200M
Change to netincome - 9.78M 12.72M 11.65M 6.33M
Capital expenditures 1.13M 1.13M 1.39M 0.80M 1.06M
Change receivables - - -0.81300M - 1.56M
Cash flows other operating - - 1.61M - -1.40100M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - 10.53M - 8.13M
Change in working capital -8.46100M -8.46100M 2.06M -3.28800M 0.36M
Stock based compensation 13.35M 13.35M 11.53M 9.55M 9.64M
Other non cash items 7.38M 5.70M 6.72M 0.20M 0.34M
Free cash flow 25.23M 25.23M 35.95M 23.32M 13.19M

Peer Comparison

Sector: Technology Industry: Software - Application

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MITK
Mitek Systems Inc
-0.23 1.55% 14.65 - 14.49 3.97 3.34 4.01 17.99
CRM
Salesforce.com Inc
-3.88 1.95% 194.91 100.89 27.47 7.42 4.34 7.44 26.81
SAPGF
SAP SE
-10.99 5.36% 194.00 76.28 22.88 5.61 3.84 5.59 26.18
SAP
SAP SE ADR
-4.27 2.13% 195.83 75.80 22.37 5.62 3.75 5.51 25.79
INTU
Intuit Inc
-19.72 4.16% 453.95 55.56 32.68 11.28 10.07 11.62 40.11

Reports Covered

Stock Research & News

Profile

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. The company was incorporated in 1986 and is based in San Diego, California.

Mitek Systems Inc

600 B Street, San Diego, CA, United States, 92101

Key Executives

Name Title Year Born
Mr. Scipio Maximus Carnecchia CEO & Director 1963
Mr. Frank Teruel CFO & Sr. VP 1966
Mr. Stephen J. Ritter Chief Technology Officer 1970
Mr. Michael E. Diamond GM & Sr. VP of Digital Banking 1965
Mr. Todd Kehrli Investor Contacts NA
Mr. Scott Marcus Gen. Counsel NA
Angela M. Romei Corp. Communications Director NA
Ms. Cindy White Chief Marketing Officer NA
Ms. Judith Ohrn Hicks VP of Global People Operations 1964
Mr. Sanjay Gupta Sr. VP & MD NA

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