Mitek Systems, Inc.

NasdaqCM:MITK Stock Report

Market Cap: US$603.6m

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 Growth17.3%
Revenue growth rate19.1%
Return on equity3.9%
Net Margin4.7%
Last Earnings Update30 Sep 2023

Recent past performance 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

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

Revenue & Expenses Breakdown
Beta

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 2317388229
30 Jun 2317497531
31 Mar 2317097132
31 Dec 2215756731
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
30 Sep 1315-7147
30 Jun 1312-9127
31 Mar 1311-9127

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.


Return on Assets


Return on Capital Employed


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