Mitek Systems, Inc.

NasdaqCM:MITK Stock Report

Market Cap: US$513.4m

Mitek Systems Past Earnings Performance

Past criteria checks 1/6

Mitek Systems's earnings have been declining at an average annual rate of -17.9%, while the Software industry saw earnings growing at 19.9% annually. Revenues have been growing at an average rate of 14.9% per year. Mitek Systems's return on equity is 1.5%, and it has net margins of 1.9%.

Key information

-17.9%

Earnings growth rate

-19.0%

EPS growth rate

Software Industry Growth17.3%
Revenue growth rate14.9%
Return on equity1.5%
Net Margin1.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Mitek Systems Earnings: Strong Q4 Results Propel Stock Higher

Dec 17

The Market Doesn't Like What It Sees From Mitek Systems, Inc.'s (NASDAQ:MITK) Revenues Yet As Shares Tumble 30%

Aug 31
The Market Doesn't Like What It Sees From Mitek Systems, Inc.'s (NASDAQ:MITK) Revenues Yet As Shares Tumble 30%

Market Still Lacking Some Conviction On Mitek Systems, Inc. (NASDAQ:MITK)

Jul 17
Market Still Lacking Some Conviction On Mitek Systems, Inc. (NASDAQ:MITK)

Mitek Systems: Growth Re-Acceleration Likely Around The Corner

May 21

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

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

Revenue & Expenses Breakdown

How Mitek Systems makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqCM:MITK Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2417239435
30 Jun 24167-79635
31 Mar 24165-79533
31 Dec 23164-29030
30 Sep 2317388429
30 Jun 23175107831
31 Mar 23171107332
31 Dec 2215856931
30 Sep 2214546530
30 Jun 2213856230
31 Mar 2213185829
31 Dec 2112695728
30 Sep 2112085528
30 Jun 21117115426
31 Mar 21111105325
31 Dec 2010595024
30 Sep 2010185023
30 Jun 209664624
31 Mar 209254523
31 Dec 198934423
30 Sep 1985-14522
30 Jun 1981-64919
31 Mar 1975-94619
31 Dec 1869-94317
30 Sep 1864-123618
30 Jun 185533314
31 Mar 185173012
31 Dec 174892711
30 Sep 1745142610
30 Jun 174222410
31 Mar 17392239
31 Dec 16372219
30 Sep 16352208
30 Jun 16332187
31 Mar 16302177
31 Dec 15272156
30 Sep 15253146
30 Jun 15232145
31 Mar 1521-1155
31 Dec 1420-4166
30 Sep 1419-5166
30 Jun 1418-7167
31 Mar 1417-7167
31 Dec 1316-7157

Quality Earnings: MITK has a large one-off gain of $771.0K impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: MITK's current net profit margins (1.9%) are lower than last year (4.7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MITK has become profitable over the past 5 years, growing earnings by -17.9% per year.

Accelerating Growth: MITK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MITK had negative earnings growth (-59.2%) over the past year, making it difficult to compare to the Software industry average (27.6%).


Return on Equity

High ROE: MITK's Return on Equity (1.5%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 23:17
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mitek Systems, Inc. is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark SchappelBenchmark Company
Allen KleeB. Riley Wealth
Joel FishbeinBTIG