Company Quick10K Filing
Mitek Systems
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 40 $378
10-K 2019-12-06 Annual: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-Q 2019-02-08 Quarter: 2018-12-31
10-K 2018-12-14 Annual: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-07 Quarter: 2018-03-31
10-Q 2018-02-01 Quarter: 2017-12-31
10-K 2017-11-30 Annual: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-Q 2017-02-03 Quarter: 2016-12-31
10-K 2016-12-09 Annual: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-Q 2016-02-05 Quarter: 2015-12-31
10-K 2015-12-07 Annual: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-Q 2015-02-06 Quarter: 2014-12-31
10-K 2014-12-05 Annual: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-Q 2014-02-07 Quarter: 2013-12-31
10-K 2013-12-12 Annual: 2013-09-30
10-Q 2013-08-06 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-Q 2013-02-06 Quarter: 2012-12-31
10-K 2012-12-07 Annual: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-15 Quarter: 2012-03-31
10-Q 2012-02-10 Quarter: 2011-12-31
10-K 2011-12-15 Annual: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-Q 2011-02-14 Quarter: 2010-12-31
10-K 2010-11-16 Annual: 2010-09-30
10-Q 2010-08-16 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-Q 2010-02-16 Quarter: 2009-12-31
8-K 2019-12-31 Officers
8-K 2019-12-13 Officers, Other Events, Exhibits
8-K 2019-11-01 Earnings, Officers, Other Events, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-05-01 Earnings, Regulation FD, Exhibits
8-K 2019-03-06 Shareholder Vote
8-K 2019-02-28 Enter Agreement, Shareholder Rights, Exhibits
8-K 2019-01-29 Earnings, Exhibits
8-K 2018-12-21 Other Events
8-K 2018-12-11 Other Events
8-K 2018-12-05 Officers, Exhibits
8-K 2018-11-26 Officers
8-K 2018-11-21 Other Events
8-K 2018-11-20 Other Events
8-K 2018-11-06 Officers, Other Events, Exhibits
8-K 2018-11-05 Other Events, Exhibits
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-10-23 Enter Agreement, Shareholder Rights, Amend Bylaw, Exhibits
8-K 2018-08-27 Officers, Other Events, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-05-23 Enter Agreement, M&A, Sale of Shares, Other Events, Exhibits
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-03-07 Shareholder Vote
8-K 2018-02-27 Officers, Exhibits
8-K 2018-01-25 Earnings, Exhibits

Mitek Systems Financials

MITK Metrics, Comps, Filings

Annual | Quarterly

Business

Mitek is a leading innovator of mobile image capture and digital identity verification solutions. We are a software development company with expertise in computer vision, artificial intelligence, and machine learning. We are currently serving more than 6,500 financial services organizations and leading marketplace and financial technology ("fintech") brands across the globe. Our solutions are embedded in native mobile apps and browsers to facilitate better online user experiences, fraud detection and reduction, and compliant transactions.

Mitek's Mobile Deposit® solution is used today by millions of consumers in the United States ("U.S.") and Canada for mobile check deposit. Mobile Deposit® enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet. Our Mobile Deposit® solution is embedded within the financial institutions' digital banking apps used by consumers and has now processed over three billion check deposits. Mitek began selling Mobile Deposit® in early 2008 and received its first patent issued for this product in August 2010.

Mitek's Mobile Verify® verifies a user's identity online enabling organizations to build safer digital communities. Scanning an identity document helps enable an enterprise to verify the identity of the person with whom they are conducting business, comply with growing governmental Anti-Money Laundering ("AML") and Know Your Customer ("KYC") regulatory requirements, and to improve the overall customer experience for digital onboarding. To be sure the person submitting the identity document is who they say they are, Mitek's Mobile Verify Face Comparison provides an additional layer of online verification and compares the face on the submitted identity document with the live selfie photo of the user.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Palo Alto Networks (PANW) 20,889,440 72% 132.5 -1% 6,592,200 5,005,900 2,899,600 2,091,200 -81,900 163,100 21,617,440
Fortinet (FTNT) 13,176,275 89% 33.0 11% 3,369,400 2,247,100 1,649,000 1,473,800 372,800 368,600 12,154,175
Xerox (XRX) 7,985,993 0% 9.0 4% 14,684,000 9,478,000 9,380,000 0 550,000 1,247,000 11,171,993
Logitech (LOGI) 6,496,997 48% 62.1 0% 2,087,701 889,667 2,199,759 1,052,050 0 95,041 5,900,041
FireEye (FEYE) 3,161,146 67% -33.4 -9% 2,831,162 2,102,392 857,336 571,111 -241,132 -84,669 2,829,245
Forescout Technologies (FSCT) 1,523,521 77% -16.8 -24% 384,245 277,130 324,208 251,069 -91,246 -88,252 1,486,127
Stratasys (SSYS) 938,068 0% 1,388,254 245,287 0 0 0 0 571,477
Magic Software (MGIC) 386,002 0% 362,285 86,681 0 0 0 0 318,264
Majesco (MJCO) 380,270 1,909% 31.4 5% 148,277 48,837 3,786 72,278 7,172 11,786 370,637
Mitek Systems (MITK) 378,066 23% -56.4 -5% 135,870 32,546 80,609 18,363 -6,133 -6,420 361,974
TrueCar (TRUE) 372,753 91% -8.0 -11% 461,510 130,111 358,317 325,099 -51,069 -24,613 196,188
Immersion (IMMR) 269,787 100% -6.6 -20% 135,036 51,326 33,284 33,140 -27,418 -26,764 177,173
AstroNova (ALOT) 115,356 39% 8.5 5% 121,680 49,592 141,012 54,706 6,373 14,841 126,287
Radcom (RDCM) 98,775 0% 89,531 11,051 0 0 0 0 36,787
Identiv (INVE) 87,729 45% 25.0 -0% 75,850 40,310 83,079 37,258 -56 3,596 89,894
Transact Technologies (TACT) 85,122 51% 13.2 12% 37,938 10,507 50,493 25,680 4,468 6,119 80,825
Key Tronic (KTCC) 62,300 7% 42.8 -3% 238,310 123,851 464,044 34,601 -7,982 2,289 98,047
Interlink Electronics (LINK) 26,449 57% 16.7 6% 9,561 651 9,532 5,409 571 1,199 20,008
Top Image Systems (TISA) 22,709 0% 31,631 17,462 0 0 0 0 20,478

Balance Sheet ($'000)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash5,6566,70223,2947,7672,7539,01012,2899,028
Accounts Receivable2,9561,0971,4952,9553,9374,9497,09916,821
Inventory
PP&E1974912,2581,2939754406134,665
Assets19,85216,72332,85331,10338,74648,38571,719127,150
Accounts Payable3597121,8761,7921,5381,3181,9183,573
Long-Term Debt
Liabilities1,7963,1667,1257,1618,3138,90010,31131,756
Stockholders' Equity18,05513,55725,72923,94230,43339,48561,40895,394
Income Statement ($'000)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Revenue10,2669,09314,80319,15025,36734,70145,39063,559
Cost of Revenue1,4792,4422,929
Gross Profit23,88832,25942,461
R&D2,9966,6646,7936,0205,5777,79410,43015,673
SG&A5,8429,04613,70616,39114,06019,51225,79438,767
Tax241210517-10,9213,066
Net Income-125-7,840-7,276-5,2922,5261,95914,092-11,807
Cash Flow ($'000)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash Operating316-1,779-615-2,4696,1057,85410,4455,626
Cash Investing-10,8192,108571-13,111-11,344-3,285-7,777-8,424
Cash Financing14,85471716,637512261,733687-429