“accelerate the digital transformation of your business with digital identity verification."mitek (nasdaq: mitk) is a global leader in mobile capture and digital identity verification solutions built on the latest advancements in ai and machine learning. mitek’s identity verification solutions enable an enterprise to verify a user’s identity during a digital transaction, which assists financial institutions, payments companies and other businesses operating in highly regulated markets in mitigating financial risk and meeting regulatory requirements while increasing revenue from digital channels. mitek also reduces the friction in the users’ experience with advanced data prefill and automation of the onboarding process. mitek’s innovative solutions are embedded into the apps of more than 6,100 organizations and used by more than 80 million consumers for mobile check deposit, new account opening and more. for more information, visit us at www.miteksystems.com
Company profile
Ticker
MITK
Exchange
Website
CEO
Scipio Carnecchia
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Xerox • Stratasys • Logitech International • Fortinet • Palo Alto Networks • Corsair Gaming • Forescout • Mandiant • Immersion • Markforged Holding ...
SEC CIK
Corporate docs
Subsidiaries
A2iA Corp. • A2iA LLC • A2iA SAS • HooYu Ltd. • ICAR Mexico • ICAR Sistemas Informaticos e de Identificacao LTDA • ICAR Vision Systems, S.L. • IDChecker, Inc. • ID R&D, Inc. • Mitek Holding B.V. ...
IRS number
870418827
MITK stock data
Latest filings (excl ownership)
8-K
Mitek Reports Fiscal 2024 Second Quarter Financial Results and Reiterates 2024 Fiscal Full Year Guidance
13 May 24
10-Q
2024 Q2
Quarterly report
10 May 24
8-K
Other Events
24 Apr 24
8-K/A
Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results
16 Apr 24
10-Q
2024 Q1
Quarterly report
15 Apr 24
8-K
Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results
15 Apr 24
8-K
Other Events
3 Apr 24
10-K
2023 FY
Annual report
19 Mar 24
8-K
Mitek Reports Record Revenue and Earnings for Fiscal 2023
19 Mar 24
8-K
Mitek Announces Receipt of Notice from Nasdaq
13 Feb 24
Transcripts
MITK
Earnings call transcript
2024 Q2
13 May 24
MITK
Earnings call transcript
2024 Q1
15 Apr 24
MITK
Earnings call transcript
2023 Q4
19 Mar 24
MITK
Earnings call transcript
2023 Q3
26 Oct 23
MITK
Earnings call transcript
2023 Q2
14 Sep 23
MITK
Earnings call transcript
2022 Q4
29 Jun 23
MITK
Earnings call transcript
2022 Q4
29 Jun 23
MITK
Earnings call transcript
2022 Q3
29 Jul 22
MITK
Earnings call transcript
2022 Q2
28 Apr 22
MITK
Earnings call transcript
2020 Q1
28 Jan 22
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
Blue Grotto Capital, LLC
13 Feb 24
SC 13G
Legal & General Investment Management Ltd
13 Feb 24
SC 13G/A
Toronado Partners, LLC
13 Feb 24
SC 13G/A
BlackRock Inc.
25 Jan 24
4
David Lyle
4 Jan 24
3
David Lyle
4 Jan 24
4
Jason Gray
12 Dec 23
4
SCIPIO MAXIMUS CARNECCHIA
12 Dec 23
4
Michael E Diamond
12 Dec 23
Financial summary
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Diluted EPS |
Annual (USD) | Sep 23 | Sep 22 | Sep 21 | Sep 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 80.94 mm | 80.94 mm | 80.94 mm | 80.94 mm | 80.94 mm | 80.94 mm |
Cash burn (monthly) | (no burn) | 175.67 k | (no burn) | 717.83 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | 313.22 k | n/a | 1.28 mm | n/a | n/a |
Cash remaining | n/a | 80.63 mm | n/a | 79.66 mm | n/a | n/a |
Runway (months of cash) | n/a | 459.0 | n/a | 111.0 | n/a | n/a |
Institutional ownership, Q4 2023
18.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 19 |
Opened positions | 1 |
Closed positions | 132 |
Increased positions | 4 |
Reduced positions | 8 |
13F shares | Current |
---|---|
Total value | 8.04 bn |
Total shares | 8.73 mm |
Total puts | 200.00 |
Total calls | 0.00 |
Total put/call ratio | Infinity |
Largest owners | Shares | Value |
---|---|---|
Go Etf Solutions | 2.99 mm | $53.13 mm |
Legal & General Investment Management | 2.74 mm | $0.00 |
Toronado Fund | 2.38 mm | $24.69 mm |
Allspring Global Investments | 254.82 k | $3.32 bn |
North Star Investment Management | 116.68 k | $1.52 bn |
Raymond James & Associates | 73.24 k | $955.09 mm |
Mirae Asset Global Investments | 69.73 k | $909.28 mm |
Mesirow Financial Investment Management | 27.47 k | $331.59 mm |
Assenagon Asset Management | 18.28 k | $238.38 mm |
Hennion & Walsh Asset Management | 13.77 k | $179.51 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Jan 24 | Lyle David | Common Stock | Grant | Acquire A | No | No | 12.89 | 58,185 | 750.00 k | 58,185 |
2 Jan 24 | Lyle David | RSU Common Stock | Grant | Acquire A | No | No | 0 | 77,386 | 0.00 | 77,386 |
10 Dec 23 | Gray Jason | Common Stock | Grant | Acquire A | No | No | 10.85 | 69,125 | 750.01 k | 123,655 |
10 Dec 23 | Gray Jason | RSU Common Stock | Grant | Acquire A | No | No | 0 | 91,937 | 0.00 | 91,937 |
1 Dec 23 | Christopher H Briggs | Common Stock | Grant | Acquire A | No | No | 11.35 | 28,635 | 325.01 k | 87,461 |
1 Dec 23 | Christopher H Briggs | RSU Common Stock | Grant | Acquire A | No | No | 0 | 38,085 | 0.00 | 104,974 |
1 Dec 23 | Carnecchia Scipio Maximus | Common Stock | Grant | Acquire A | No | No | 11.35 | 88,106 | 1.00 mm | 533,209 |
1 Dec 23 | Carnecchia Scipio Maximus | RSU Common Stock | Grant | Acquire A | No | No | 0 | 117,181 | 0.00 | 304,016 |
News
Analyst Ratings For Mitek Systems
14 May 24
HC Wainwright & Co. Reiterates Buy on Mitek Systems, Maintains $19 Price Target
14 May 24
Mitek Reiterated FY24 Revenue of $180M-$185M Vs $181.52M Est
13 May 24
Mitek Announces $50M Share Repurchase Program
13 May 24
Mitek Tapped Chair Scott Carter as Interim CEO, Effective June 1, 2024, Succeeding Max Carnecchia While the Board Searched for a Permanent Replacement
13 May 24
Press releases
ID R&D Granted Patent for Voice-Based Device Unlocking
23 May 24
Viewpointe and Mitek announce partnership to strengthen check fraud detection
14 May 24
N-iX enhances partnership with Mitek Systems to offer strengthened fraud prevention services
13 May 24
Mitek Announces $50 Million Share Repurchase Program
13 May 24
Mitek Reports Fiscal 2024 Second Quarter Financial Results and Reiterates 2024 Fiscal Full Year Guidance
13 May 24