Mitek Systems Past Earnings Performance
Past criteria checks 4/6
Mitek Systems has been growing earnings at an average annual rate of 46%, while the Software industry saw earnings growing at 16% annually. Revenues have been growing at an average rate of 19.1% per year. Mitek Systems's return on equity is 3.9%, and it has net margins of 4.7%.
Key information
46.0%
Earnings growth rate
46.7%
EPS growth rate
Software Industry Growth | 17.3% |
Revenue growth rate | 19.1% |
Return on equity | 3.9% |
Net Margin | 4.7% |
Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Mitek Systems Is Fundamentally Undervalued Despite Recent Issues
Jan 10Mitek Systems: A Strong SaaS Provider Growing Into A New Market
Sep 27Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed
Aug 17Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot
Aug 03Is Mitek Systems (NASDAQ:MITK) A Risky Investment?
Jul 15Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?
Jun 02Mitek's Legal Overhang Sees No Development, Declines Unjustified
May 10Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down
May 01We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease
Apr 11Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)
Feb 24Mitek Systems' Monopoly Status Will Allow It To Exert Pricing Power
Jan 27Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains
Dec 22Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet
Oct 21I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease
Sep 03Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business
Aug 20Mitek Systems: A Breakout Quarter Adds To The Bullish Case
Jul 31Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate
Jul 27Revenue & Expenses BreakdownBeta
How Mitek Systems makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
30 Sep 23 | 173 | 8 | 82 | 29 |
30 Jun 23 | 174 | 9 | 75 | 31 |
31 Mar 23 | 170 | 9 | 71 | 32 |
31 Dec 22 | 157 | 5 | 67 | 31 |
30 Sep 22 | 145 | 4 | 65 | 30 |
30 Jun 22 | 138 | 5 | 62 | 30 |
31 Mar 22 | 131 | 8 | 58 | 29 |
31 Dec 21 | 126 | 9 | 57 | 28 |
30 Sep 21 | 120 | 8 | 55 | 28 |
30 Jun 21 | 117 | 11 | 54 | 26 |
31 Mar 21 | 111 | 10 | 53 | 25 |
31 Dec 20 | 105 | 9 | 50 | 24 |
30 Sep 20 | 101 | 8 | 50 | 23 |
30 Jun 20 | 96 | 6 | 46 | 24 |
31 Mar 20 | 92 | 5 | 45 | 23 |
31 Dec 19 | 89 | 3 | 44 | 23 |
30 Sep 19 | 85 | -1 | 45 | 22 |
30 Jun 19 | 81 | -6 | 49 | 19 |
31 Mar 19 | 75 | -9 | 46 | 19 |
31 Dec 18 | 69 | -9 | 43 | 17 |
30 Sep 18 | 64 | -12 | 36 | 18 |
30 Jun 18 | 55 | 3 | 33 | 14 |
31 Mar 18 | 51 | 7 | 30 | 12 |
31 Dec 17 | 48 | 9 | 27 | 11 |
30 Sep 17 | 45 | 14 | 26 | 10 |
30 Jun 17 | 42 | 2 | 24 | 10 |
31 Mar 17 | 39 | 2 | 23 | 9 |
31 Dec 16 | 37 | 2 | 21 | 9 |
30 Sep 16 | 35 | 2 | 20 | 8 |
30 Jun 16 | 33 | 2 | 18 | 7 |
31 Mar 16 | 30 | 2 | 17 | 7 |
31 Dec 15 | 27 | 2 | 15 | 6 |
30 Sep 15 | 25 | 3 | 14 | 6 |
30 Jun 15 | 23 | 2 | 14 | 5 |
31 Mar 15 | 21 | -1 | 15 | 5 |
31 Dec 14 | 20 | -4 | 16 | 6 |
30 Sep 14 | 19 | -5 | 16 | 6 |
30 Jun 14 | 18 | -7 | 16 | 7 |
31 Mar 14 | 17 | -7 | 16 | 7 |
31 Dec 13 | 16 | -7 | 15 | 7 |
30 Sep 13 | 15 | -7 | 14 | 7 |
30 Jun 13 | 12 | -9 | 12 | 7 |
31 Mar 13 | 11 | -9 | 12 | 7 |
Quality Earnings: MITK has a large one-off loss of $4.8M impacting its last 12 months of financial results to 30th September, 2023.
Growing Profit Margin: MITK's current net profit margins (4.7%) are higher than last year (2.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MITK has become profitable over the past 5 years, growing earnings by 46% per year.
Accelerating Growth: MITK's earnings growth over the past year (117.3%) exceeds its 5-year average (46% per year).
Earnings vs Industry: MITK earnings growth over the past year (117.3%) exceeded the Software industry 22.4%.
Return on Equity
High ROE: MITK's Return on Equity (3.9%) is considered low.