MITEK SYSTEMS INC (MITK)

9.43 0 (0%)

As of 2025-10-28 15:29:13 EST

Mbogo, Ethan (2014-09-03). "USAA and Mitek Settle Lawsuit". GlobeNewswire News Room. Retrieved 2023-11-29. Mitek Systems, Inc is a software company that specializes in digital identity verification and mobile image processing using artificial intelligence. The company's software is used for depositing checks and opening bank accounts via mobile devices. It also verifies identity documents such as passports, ID cards, and driver's licenses by analyzing a selfie of an individual holding their ID, comparing their face to the photo on the document.

Traded asNasdaq: MITK
ISINUS6067102003
CIK0000807863
LEI549300ABZAQ3R25XG118
EIN870418827
SectorIdentity Verification Services
IndustryComputer Peripheral Equipment, NEC
CEOMax Carnecchia
Employees
Fiscal Year End0930
Address600 B STREET, SAN DIEGO, CA, 92101
Phone619-269-6800
Websitehttps://www.miteksystems.com
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
MITKMITEK SYSTEMS INC2025-10-28 15:29:139.4300
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
MITK0000807863MITEK SYSTEMS INCUS6067102003549300ABZAQ3R25XG118870418827Nasdaq3577Computer Peripheral Equipment, NEC0930DE600 B STREETSAN DIEGOCA92101UNITED STATESUS619-269-6800600 B STREET, SAN DIEGO, CA, 92101600 B STREET, SAN DIEGO, CA, 92101Identity Verification Services1986Max Carnecchiahttps://www.miteksystems.com622,633,68045,621,50445,647,049Mbogo, Ethan (2014-09-03). "USAA and Mitek Settle Lawsuit". GlobeNewswire News Room. Retrieved 2023-11-29. Mitek Systems, Inc is a software company that specializes in digital identity verification and mobile image processing using artificial intelligence. The company's software is used for depositing checks and opening bank accounts via mobile devices. It also verifies identity documents such as passports, ID cards, and driver's licenses by analyzing a selfie of an individual holding their ID, comparing their face to the photo on the document.2025-10-23 15:02:27
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MITK Stock Price (End-of-Day)
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MITK Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
2024622,633,680193,818,98845.198844,917,357-1,873,254-4.0035
2023428,814,692-211,831,044-33.065246,790,6111,283,2102.8198
2022640,645,73624,901,6014.044145,507,401884,8231.9829
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Jason GrayChief Legal Officer, Chief Compliance Officer, Corporate Secretary2024495,00001,732,802148,8001,1702,377,772
Michael E. DiamondSenior Vice President2024368,7500933,423132,3751,9151,436,463
Scott CarterExecutive Chair2024507,4990828,08605851,336,170
David LyleChief Financial Officer2024317,14001,759,892128,4568782,206,366
Christopher BriggsChief Product Officer2024332,5000758,403103,8501,9201,196,673
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Employee Count
Fiscal YearEmployee Count
2024630
2023590
2022588
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Income Statements
Fiscal Year202420232022
Revenue172,083,000172,552,000143,943,000
Cost Of Revenue309,0001,413,0001,576,000
Gross Profit
Research And Development Expenses34,642,00028,988,00030,192,000
General And Administrative Expenses52,993,00043,338,00026,591,000
Operating Expenses169,852,000156,988,000132,604,000
Operating Income2,231,00015,564,00011,339,000
Net Income3,278,0008,027,0003,032,000
Earnings Per Share Basic0.070.180.07
Earnings Per Share Diluted0.070.170.07
Weighted Average Shares Outstanding Basic46,560,00045,533,00044,595,000
Weighted Average Shares Outstanding Diluted47,468,00046,461,00045,780,000
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Balance Sheet Statements
Fiscal Year202420232022
Cash And Cash Equivalents93,456,00058,913,00032,059,000
Marketable Securities Current36,884,00074,700,00058,268,000
Accounts Receivable31,682,00032,132,00027,874,000
Inventories
Non Trade Receivables
Other Assets Current2,697,0002,396,0002,622,000
Total Assets Current185,051,000190,009,000129,096,000
Marketable Securities Non Current11,410,0001,304,00010,633,000
Property Plant And Equipment2,564,0002,829,0003,493,000
Other Assets Non Current1,590,0001,647,0005,846,000
Total Assets Non Current228,702,000215,366,000231,314,000
Total Assets413,753,000405,375,000360,410,000
Accounts Payable7,236,0007,589,0004,974,000
Deferred Revenue21,231,00017,360,00013,394,000
Short Term Debt279,000
Other Liabilities Current1,760,0001,482,0001,650,000
Total Liabilities Current42,147,00051,497,00040,497,000
Long Term Debt2,697,000135,516,000127,970,000
Other Liabilities Non Current4,332,0002,874,0001,613,000
Total Liabilities Non Current156,805,000148,690,000149,596,000
Total Liabilities198,952,000200,187,000190,093,000
Common Stock45,00046,00044,000
Retained Earnings-30,268,000-9,312,000-18,001,000
Accumulated Other Comprehensive Income-2,302,000-14,237,000-28,219,000
Total Shareholders Equity214,801,000205,188,000170,317,000
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Cash Flow Statements
Fiscal Year202420232022
Depreciation And Amortization1,755,0001,727,0001,401,000
Share Based Compensation Expense12,624,00010,463,00013,346,000
Other Non Cash Income Expense
Change In Accounts Receivable-489,000-4,316,00010,813,000
Change In Inventories
Change In Non Trade Receivables
Change In Other Assets1,534,0001,124,000-363,000
Change In Accounts Payable-450,0002,535,0002,183,000
Change In Other Liabilities-603,000-1,664,0001,490,000
Cash From Operating Activities31,688,00031,586,00026,351,000
Purchases Of Marketable Securities62,433,00071,733,00047,818,000
Sales Of Marketable Securities66,250,000173,316,000
Acquisition Of Property Plant And Equipment1,438,0001,034,0001,126,000
Acquisition Of Business0267,000127,902,000
Other Investing Activities
Cash From Investing Activities28,746,000-6,784,000-3,530,000
Tax Withholding For Share Based Compensation
Payments Of Dividends
Issuance Of Common Stock
Repurchase Of Common Stock24,180,000015,176,000
Issuance Of Long Term Debt
Repayment Of Long Term Debt
Other Financing Activities1,889,0001,737,0001,725,000
Cash From Financing Activities-25,882,0001,701,000-21,143,000
Change In Cash34,543,00026,854,0001,747,000
Cash At End Of Period93,456,00058,913,00032,059,000
Income Taxes Paid11,989,0003,836,000750,000
Interest Paid1,274,0001,413,0001,164,000
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Key Metrics
Fiscal Year202420232022
Earnings Per Share0.070.180.07
Price To Earnings Ratio123.857159.5556130.8571
Earnings Growth Rate-61.1111157.1429-61.1111
Price Earnings To Growth Ratio-2.02680.379-2.1413
Book Value Per Share4.61344.50643.8192
Price To Book Ratio1.87932.37892.3984
Ebitda26,281,00022,653,00013,415,000
Enterprise Value313,195,200564,716,760504,401,200
Dividend Yield
Dividend Payout Ratio
Debt To Equity Ratio0.01390.66040.7514
Capital Expenditures1,490,0001,063,0001,223,000
Free Cash Flow30,198,00030,523,00025,128,000
Return On Equity0.01530.03910.0178
One Year Beta1.07311.08181.2189
Three Year Beta1.15451.22690.9089
Five Year Beta0.94530.84780.8213
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
WEST EDWARD HDirector, Chief Executive Officer2025-10-01223,524A410,951
WEST EDWARD HDirector, Chief Executive Officer2025-10-01106,022D304,929
WEST EDWARD HDirector, Chief Executive Officer2025-10-01223,524D754,415
Diamond Michael EGeneral Manager2025-06-1370,352D233,340
Briggs Christopher HSVP Identity2025-04-282,200D102,411
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House Trading
Name Of Reporting PersonReport DateStateTransaction TypeTransaction DateOwner TypeAmount
Peter Welch2019-06-04VT00Purchase2019-05-02$1,001 - $15,000
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
Campbell & CO Investment Adviser LLC2025-09-30622,15463,6809.77
LAZARI CAPITAL MANAGEMENT, INC.2025-09-30110,77211,3389.77
Versant Capital Management, Inc2025-09-305,0715199.7707
NEW YORK STATE TEACHERS RETIREMENT SYSTEM2025-09-3039,0004,0239.6943
State of Alaska, Department of Revenue2025-09-3019,0001,9939.5334
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
FIDELITY CONCORD STREET TRUST2025-08-31Fidelity Series Total Market Index FundFCFMX63,418644,961.060.0007
FIDELITY CONCORD STREET TRUST2025-08-31Fidelity Total Market Index FundFSKAX84,646860,849.820.0007
FIDELITY CONCORD STREET TRUST2025-08-31Fidelity Nasdaq Composite Index FundFNCMX28,416288,990.720.0014
FIDELITY CONCORD STREET TRUST2025-08-31Fidelity Extended Market Index FundFSMAX244,3842,485,385.280.0061
VANGUARD WELLINGTON FUND2025-08-31ETF SharesVFVA51,609524,863.530.0746
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