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MITK

Mitek Systems NasdaqCM:MITK Stock Report

Last Price

US$9.16

Market Cap

US$406.7m

7D

-1.4%

1Y

-52.4%

Updated

30 Sep, 2022

Data

Company Financials +
MITK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Mitek Systems
Historical stock prices
Current Share PriceUS$9.16
52 Week HighUS$20.42
52 Week LowUS$8.32
Beta0.66
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 IPO1,732.00%

Recent News & Updates

Sep 27

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.

Aug 17

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.

Shareholder Returns

MITKUS SoftwareUS Market
7D-1.4%-1.3%-2.5%
1Y-52.4%-33.2%-23.2%

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.

Price Volatility

Is MITK's price volatile compared to industry and market?
MITK volatility
MITK Average Weekly Movement8.5%
Software Industry Average Movement8.9%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

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

FoundedEmployeesCEOWebsite
1986442Max Carnecchiahttps://www.miteksystems.com

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

How do Mitek Systems's earnings and revenue compare to its market cap?
MITK fundamental statistics
Market CapUS$406.67m
Earnings (TTM)US$5.99m
Revenue (TTM)US$139.79m

67.9x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MITK income statement (TTM)
RevenueUS$139.79m
Cost of RevenueUS$14.43m
Gross ProfitUS$125.36m
Other ExpensesUS$119.37m
EarningsUS$5.99m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.13
Gross Margin89.67%
Net Profit Margin4.28%
Debt/Equity Ratio71.5%

How did MITK perform over the long term?

See historical performance and comparison