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MITK

Mitek Systems NasdaqCM:MITK Stock Report

Last Price

US$10.36

Market Cap

US$462.9m

7D

5.1%

1Y

-35.1%

Updated

07 Feb, 2023

Data

Company Financials +

MITK Stock Overview

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally.

MITK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

My Notes

New

Notes are coming soon

Mitek Systems, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mitek Systems
Historical stock prices
Current Share PriceUS$10.36
52 Week HighUS$16.35
52 Week LowUS$8.32
Beta0.79
1 Month Change2.27%
3 Month Change-2.72%
1 Year Change-35.13%
3 Year Change9.00%
5 Year Change38.13%
Change since IPO1,972.00%

Recent News & Updates

Recent updates

Mitek Systems: A Strong SaaS Provider Growing Into A New Market

Sep 27

Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed

Aug 17

Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot

Aug 03

Is Mitek Systems (NASDAQ:MITK) A Risky Investment?

Jul 15
Is Mitek Systems (NASDAQ:MITK) A Risky Investment?

Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?

Jun 02
Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?

Mitek's Legal Overhang Sees No Development, Declines Unjustified

May 10

Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down

May 01
Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down

We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease

Apr 11
We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease

Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)

Feb 24
Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)

Mitek Systems' Monopoly Status Will Allow It To Exert Pricing Power

Jan 27

Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains

Dec 22

Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet

Oct 21
Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet

I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease

Sep 03
I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease

Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business

Aug 20
Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business

Mitek Systems: A Breakout Quarter Adds To The Bullish Case

Jul 31

Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate

Jul 27
Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate

Mitek Systems gets new finance head

Jun 08

With EPS Growth And More, Mitek Systems (NASDAQ:MITK) Is Interesting

May 16
With EPS Growth And More, Mitek Systems (NASDAQ:MITK) Is Interesting

Does Mitek Systems (NASDAQ:MITK) Have A Healthy Balance Sheet?

May 04
Does Mitek Systems (NASDAQ:MITK) Have A Healthy Balance Sheet?

What Kind Of Shareholders Own Mitek Systems, Inc. (NASDAQ:MITK)?

Mar 16
What Kind Of Shareholders Own Mitek Systems, Inc. (NASDAQ:MITK)?

Mitek Systems, Inc.'s (NASDAQ:MITK) Earnings Haven't Escaped The Attention Of Investors

Mar 01
Mitek Systems, Inc.'s (NASDAQ:MITK) Earnings Haven't Escaped The Attention Of Investors

Can Mitek Systems (NASDAQ:MITK) Continue To Grow Its Returns On Capital?

Feb 13
Can Mitek Systems (NASDAQ:MITK) Continue To Grow Its Returns On Capital?

Mitek prices $135M convertible debt offering

Feb 03

Results: Mitek Systems, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Jan 31
Results: Mitek Systems, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Mitek Systems, Inc. 2021 Q1 - Results - Earnings Call Presentation

Jan 29

Mitek Systems, Inc.'s (NASDAQ:MITK) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Jan 22
Mitek Systems, Inc.'s (NASDAQ:MITK) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Here's Why Mitek Systems's (NASDAQ:MITK) Statutory Earnings Are Arguably Too Conservative

Jan 04
Here's Why Mitek Systems's (NASDAQ:MITK) Statutory Earnings Are Arguably Too Conservative

Mitek Systems: A Strong Bet On Digital Identification Verification

Dec 26

Is Mitek Systems, Inc. (NASDAQ:MITK) Trading At A 37% Discount?

Dec 17
Is Mitek Systems, Inc. (NASDAQ:MITK) Trading At A 37% Discount?

Mitek Systems's CFO Davidson to retire

Dec 04

Did Business Growth Power Mitek Systems' (NASDAQ:MITK) Share Price Gain of 135%?

Nov 29
Did Business Growth Power Mitek Systems' (NASDAQ:MITK) Share Price Gain of 135%?

Shareholder Returns

MITKUS SoftwareUS Market
7D5.1%2.6%0.9%
1Y-35.1%-21.1%-10.9%

Return vs Industry: MITK underperformed the US Software industry which returned -20% over the past year.

Return vs Market: MITK underperformed the US Market which returned -9.6% over the past year.

Price Volatility

Is MITK's price volatile compared to industry and market?
MITK volatility
MITK Average Weekly Movement6.8%
Software Industry Average Movement9.3%
Market Average Movement6.7%
10% most volatile stocks in US Market17.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: MITK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MITK's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986442Max Carnecchiahttps://www.miteksystems.com

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company’s solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications.

Mitek Systems, Inc. Fundamentals Summary

How do Mitek Systems's earnings and revenue compare to its market cap?
MITK fundamental statistics
Market CapUS$462.89m
Earnings (TTM)US$6.76m
Revenue (TTM)US$139.79m

68.5x

P/E Ratio

3.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MITK income statement (TTM)
RevenueUS$139.79m
Cost of RevenueUS$14.45m
Gross ProfitUS$125.34m
Other ExpensesUS$118.59m
EarningsUS$6.76m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin89.67%
Net Profit Margin4.83%
Debt/Equity Ratio71.9%

How did MITK perform over the long term?

See historical performance and comparison