Mitek Systems Future Growth

Future criteria checks 4/6

Mitek Systems is forecast to grow earnings and revenue by 135.1% and 12.1% per annum respectively while EPS is expected to grow by 132.8% per annum.

Key information

135.1%

Earnings growth rate

132.8%

EPS growth rate

Software earnings growth	15.6%
Revenue growth rate	12.1%
Future return on equity	n/a
Analyst coverage	Good
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

Mitek Systems Is Fundamentally Undervalued Despite Recent Issues

Jan 10

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

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

Sep 03

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

Aug 20

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

Earnings and Revenue Growth Forecasts

NasdaqCM:MITK - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2025	202	22	59	N/A	5
9/30/2024	182	7	50	N/A	6
12/31/2023	164	-2	16	17	N/A
9/30/2023	173	8	31	32	N/A
6/30/2023	175	10	32	33	N/A
3/31/2023	171	10	22	23	N/A
12/31/2022	158	5	23	24	N/A
9/30/2022	145	4	20	21	N/A
6/30/2022	138	5	27	28	N/A
3/31/2022	131	8	30	31	N/A
12/31/2021	126	9	30	31	N/A
9/30/2021	120	8	36	37	N/A
6/30/2021	117	11	31	32	N/A
3/31/2021	111	10	31	32	N/A
12/31/2020	105	9	27	28	N/A
9/30/2020	101	8	23	24	N/A
6/30/2020	96	6	23	24	N/A
3/31/2020	92	5	15	16	N/A
12/31/2019	89	3	16	17	N/A
9/30/2019	85	-1	13	14	N/A
6/30/2019	81	-6	7	9	N/A
3/31/2019	75	-9	5	8	N/A
12/31/2018	69	-9	1	5	N/A
9/30/2018	64	-12	1	6	N/A
6/30/2018	55	3	4	8	N/A
3/31/2018	51	7	8	10	N/A
12/31/2017	48	9	14	14	N/A
9/30/2017	45	14	N/A	10	N/A
6/30/2017	42	2	N/A	10	N/A
3/31/2017	39	2	N/A	7	N/A
12/31/2016	37	2	N/A	6	N/A
9/30/2016	35	2	N/A	8	N/A
6/30/2016	33	2	N/A	7	N/A
3/31/2016	30	2	N/A	9	N/A
12/31/2015	27	2	N/A	6	N/A
9/30/2015	25	3	N/A	6	N/A
6/30/2015	23	2	N/A	4	N/A
3/31/2015	21	-1	N/A	3	N/A
12/31/2014	20	-4	N/A	0	N/A
9/30/2014	19	-5	N/A	-2	N/A
6/30/2014	18	-7	N/A	-5	N/A
3/31/2014	17	-7	N/A	-4	N/A
12/31/2013	16	-7	N/A	-3	N/A
9/30/2013	15	-7	N/A	-1	N/A
6/30/2013	12	-9	N/A	1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MITK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: MITK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MITK is expected to become profitable in the next 3 years.

Revenue vs Market: MITK's revenue (12.1% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: MITK's revenue (12.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MITK's Return on Equity is forecast to be high in 3 years time

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Mitek Systems Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Mitek Systems, Inc. Provides Preliminary Financial Guidance for the Second Quarter Ended March 31, 2024 and Reiterates Financial Guidance for the Fiscal Year Ending September 30, 2024

Mitek Reiterates Earnings Guidance for the Fiscal Year Ending September 30, 2024 and Provides Revenue Guidance for the First, Second, Third and Fourth Quarter 2024

Consensus EPS estimates fall by 42%

Mitek Systems, Inc. Provides Revenue Guidance for its Fiscal Year Ending September 30, 2024

Mitek Systems, Inc. Reiterates Revenue Guidance for Fiscal 2023

Mitek Systems, Inc. Raises Earnings Guidance for the Year Ending September 30, 2023

Recent updates

Mitek Systems, Inc. Provides Preliminary Financial Guidance for the Second Quarter Ended March 31, 2024 and Reiterates Financial Guidance for the Fiscal Year Ending September 30, 2024

Mitek Systems, Inc. to Report Q1, 2024 Results on Apr 15, 2024

Nasdaq Hearings Panel Grants Mitek’s Request for Continued Listing Pending Compliance with Filing Requirement

Mitek Reiterates Earnings Guidance for the Fiscal Year Ending September 30, 2024 and Provides Revenue Guidance for the First, Second, Third and Fourth Quarter 2024

Mitek Systems, Inc. to Report Q4, 2023 Results on Mar 19, 2024

Mitek Announces Receipt of Notice from Nasdaq Regarding Non-Compliance with Nasdaq Listing Rule 5250(c)(1)

Mitek Systems, Inc. announced delayed 10-Q filing

Mitek Announces Extension of Nasdaq Stay and Hearing Date

Mitek Systems Is Fundamentally Undervalued Despite Recent Issues

Mitek Systems, Inc. Appoints David Lyle as Chief Financial Officer, Effective January 2, 2024

Mitek Systems, Inc. announced delayed annual 10-K filing

CEO & Director exercised options and sold US$394k worth of stock

CEO & Director recently sold US$352k worth of stock

Consensus EPS estimates fall by 42%

Mitek Systems, Inc. Provides Revenue Guidance for its Fiscal Year Ending September 30, 2024

Mitek Systems, Inc. Reiterates Revenue Guidance for Fiscal 2023

Mitek Systems, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Mitek Systems, Inc. Raises Earnings Guidance for the Year Ending September 30, 2023

Mitek Systems, Inc., Annual General Meeting, Sep 20, 2023

Nasdaq Hearings Panel Grants Mitek Systems's Request for Continued Listing Pending its Return to Compliance with the Nasdaq Filing Requirement

Mitek Systems Announces Receipt of Notice from Nasdaq and Provides Update on Nasdaq Listing

Mitek Systems, Inc. announced delayed 10-Q filing

Price target increased by 7.8% to US$17.25

High number of new directors

Mitek Systems, Inc. to Report Q4, 2022 Results on Jun 29, 2023

Mitek Systems, Inc. Provides Earnings Guidance for the Year Ending September 30, 2023

Mitek Announces Receipt of Notice from Nasdaq

Mitek Systems, Inc. announced delayed 10-Q filing

High number of new directors

Mitek Systems, Inc. announced delayed 10-Q filing

Mitek Systems, Inc. Announces Board Changes

Mitek Systems, Inc. Announces CFO Changes

Mitek Systems, Inc. Announces Resignation of Frank Teruel as Chief Financial Officer

Mitek Announces Receipt of Notice from Nasdaq

Mitek Systems, Inc. announced delayed amended 10-K filing

Mitek Systems, Inc. announced delayed annual 10-K filing

High number of new directors

CEO & Director recently sold US$96k worth of stock

High number of new directors

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

Mitek Announces Receipt of Notice from Nasdaq

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

Mitek Systems, Inc. announced delayed 10-Q filing

Consensus forecasts updated

Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Mitek Systems, Inc. to Report Q3, 2022 Results on Jul 28, 2022

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

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

Mitek Appoints Chris Briggs as Head of Product

Now 23% undervalued after recent price drop

Mitek's Legal Overhang Sees No Development, Declines Unjustified

Investor sentiment deteriorated over the past week

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

Price target decreased to US$23.50

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new directors

Mitek Systems, Inc. to Report Q2, 2022 Results on Apr 28, 2022

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

Now 21% undervalued after recent price drop

High number of new directors

CEO & Director exercised options and sold US$141k worth of stock

Mitek Systems, Inc. Announces Board Elections

Mitek Systems, Inc. Announces the Resignation of Jason Gray as Chief Legal Officer

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

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

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

Price target increased to US$25.75