Trade Mitek Systems Inc - MITK CFD

Mitek Company profile

About Mitek Systems, Inc.

Mitek Systems, Inc. is a software development company. The Company is engaged in the business of developing computer vision, artificial intelligence, and machine learning. It operates through the development, sale, and service of software solutions related to the mobile imaging segment. The Company develops mobile image capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, CheckReader, Check Fraud Defender, Check Intelligence, ID_CLOUD, IDLive Face, IDVoice, IDLive Voice and IDLive Doc. The Company’s digital technology solutions are provided in two parts, which include a software development kit for mobile image capture, and a cloud software platform, which uses artificial intelligence and machine learning to classify and extract data to enable mobile check deposit, as well as aid the authentication of identity documents, including passports, identity cards, and driver's licenses using a camera-equipped device.

Financial summary

BRIEF: For the three months ended 31 December 2021, Mitek Systems, Inc. revenues increased 25% to $32.5M. Net income increased 44% to $3.1M. Revenues reflect Deposits software and hardware segment increase of 27% to $13.6M, Identity verification Identity verification services and oth segment increase of 32% to $11.6M. Net income benefited from Other income (expense), net increase of 41% to $135K (income).

Equity composition

Common Stock $.001 Par, 02/11, 40M auth., 20,507,728 issd. Insiders control approx. 16.21%. PO 4/84, 25M shares @ $.01 by the Co. 5/95, Company began trading on NASDAQ. FY'96-'97 fncls. are reclassified. FY'00 Q's are restated. FY'00-'02 fncls. are recla. 5/04, Company delisted from NASDAQ to OTC.