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.
Mitek Systems, Inc. Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.16|
|52 Week High||US$20.42|
|52 Week Low||US$8.32|
|1 Month Change||-10.37%|
|3 Month Change||-2.86%|
|1 Year Change||-52.44%|
|3 Year Change||-8.45%|
|5 Year Change||-5.57%|
|Change since IPO||1,732.00%|
Recent News & Updates
Mitek Systems: A Strong SaaS Provider Growing Into A New Market
Summary Mitek has been consistently growing its revenue at 20% and generating ROEs of 15%-20% for the past few years. Mitek basically has a monopoly in the slow-growing Mobile Deposit market that can fund its growth in the ID Verification market. Mitek has a large Mobile Deposit Customer base that it is hoping to convert to ID Verification customers. Mitek has been growing its ID Verification business at a faster rate each quarter, acquiring competitors to bolster its technology and increase its offerings.
Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed
Mitek Systems (NASDAQ:MITK) said Wednesday it received a Nasdaq notice as it was not in compliance with continued listing rules due to delay in filing its quarterly report for the period ended June 30. MITK has until Oct. 10 to submit a plan to regain compliance. The company intends to file the report as promptly as possible.
|MITK||US Software||US Market|
Return vs Industry: MITK underperformed the US Software industry which returned -30.9% over the past year.
Return vs Market: MITK underperformed the US Market which returned -21.5% over the past year.
|MITK Average Weekly Movement||8.5%|
|Software Industry Average Movement||8.9%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: MITK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MITK's weekly volatility (9%) has been stable over the past year.
About the Company
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
|MITK fundamental statistics|
Is MITK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MITK income statement (TTM)|
|Cost of Revenue||US$14.43m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.13|
|Net Profit Margin||4.28%|
How did MITK perform over the long term?See historical performance and comparison