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 is a small cap stock with a total market cap of 472.72M.
They trade on the NASDAQ and had their IPO 34 years and 5 months
Mitek Systems currently employs 435 people.
News Relating to $MITK
Business Wire
Mitek to Report Fiscal 2022 Fourth Quarter and Full Year Financial Results on June 29, 2023
Thursday Jun 22 2023 at 16:05
SAN DIEGO–(BUSINESS WIRE)–Mitek (NASDAQ: MITK, http://www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced that it will release its financial results for its fiscal 2022 fourth quarter and full year, ended September 30, 2022, on Thursday, June 29, 2023, after the close of the market. Mitek management will host a conference call and live webcast for analysts and investors on June 29, 2023 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss.
Seeking Alpha
Mitek Systems: An Undervalued Player In The Booming Identity Verification Market
Monday May 01 2023 at 10:00
The Identity Verification market is projected to grow at 15%. Mitek is a leading player in the market and has a long runway ahead.
InvestorPlace
7 Small-Cap AI Stocks to Buy Before They Boom
Saturday Feb 18 2023 at 22:36
AI stocks are booming, providing exposure to what could be a potential $1.81 trillion opportunity, according to Grand View Research. Even more impressive, according to Accenture, “Artificial intelligence could double annual economic growth rates by 2035 by changing the nature of work and spawning a new relationship between man and machine.
Seeking Alpha
Mitek Systems: Undervalued Growth For Next 5 Years
Sunday Jan 15 2023 at 05:43
Mitek isn’t a new company but the modern version of the business really began around 2007. Their legacy segment, image capture for mobile check deposits, isn’t growing but is helping fund their other, higher growth segment.
Seeking Alpha
Mitek Systems: Identity Verification At Cheap Valuation
Friday Jan 13 2023 at 10:47
Mitek Systems is a company dedicated exclusively to the development and commercialization of identity verification systems. I believe that Mitek’s partner sales strategy will likely be successful because many clients are already using Mitek’s technology.
The Motley Fool
2 Explosive Growth Stocks to Buy in 2022 and Beyond
Friday Dec 23 2022 at 05:00
Cloudflare and Mitek Systems are downtrodden growth stocks that can bounce back and deliver strong returns.
Zacks Investment Research
Why Earnings Season Could Be Great for Mitek Systems (MITK)
Tuesday Nov 15 2022 at 09:47
Mitek Systems (MITK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Zacks Investment Research
Will Mitek Systems (MITK) Beat Estimates Again in Its Next Earnings Report?
Monday Oct 31 2022 at 13:33
Mitek Systems (MITK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Seeking Alpha
Mitek Systems: A Strong SaaS Provider Growing Into A New Market
Tuesday Sep 27 2022 at 07:00
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.
Business Wire
Mitek to Present at H.C. Wainwright’s 24th Annual Global Investment Conference on September 13, 2022
Thursday Sep 08 2022 at 16:05
SAN DIEGO–(BUSINESS WIRE)–Mitek (NASDAQ: MITK, http://www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced that CFO Frank Teruel is scheduled to present at the 24th Annual H.C. Wainwright Global Investment Conference in New York on Tuesday, September 13th at 3:30 p.m. Eastern Time, with one-on-one meetings with investors held throughout the day. The presentation will be webcast live and available for replay via the investor relations section of the
Insider Trading
(Original Source: SEC.GOV)
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Over the last 3 months, there has been no insider trading.
Debt & Income Analysis
(Original Source: SEC.GOV)
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
$MITK’s Income Quality of 4.73 is greater than its Industry Group of 0.98 (382.7% greater)
$MITK’s Income Quality of 4.73 is greater than its Major Industry Group of 0.88 (437.5% greater)
$MITK’s Income Quality of 4.73 is greater than its Sector of 0.83 (469.9% greater)
(Original Source: SEC.GOV)
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
$MITK’s Current Ratio of 2.39 is greater than its Industry Group of 1.65 (44.8% greater)
$MITK’s Current Ratio of 2.39 is greater than its Major Industry Group of 1.89 (26.5% greater)
$MITK’s Current Ratio of 2.39 is in line with its Sector of 2.48 (-3.6% lower)
Value Analysis
(Original Source: SEC.GOV)
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
$MITK’s PE Ratio of 78.92 is greater than its Industry Group of 12.11 (551.7% greater)
$MITK’s PE Ratio of 78.92 is greater than its Major Industry Group of 15.29 (416.2% greater)
Cannot compare a negative PE Ratio (78.92 & -0.12)
(Original Source: SEC.GOV)
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
$MITK’s PB Ratio of 2.52 is greater than its Industry Group of 1.33 (89.5% greater)
$MITK’s PB Ratio of 2.52 is greater than its Major Industry Group of 1.48 (70.3% greater)
$MITK’s PB Ratio of 2.52 is greater than its Sector of 1.7 (48.2% greater)
Efficiency Analysis
(Original Source: SEC.GOV)
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
$MITK’s ROE of 0.03 is in line with its Industry Group of 0.03
$MITK’s ROE of 0.03 is lower than its Major Industry Group of 0.06 (-50.0% lower)
Cannot compute a percentage difference when there are zeros in the calculation
(Original Source: SEC.GOV)
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
$MITK’s ROCE of 0.05 is greater than its Industry Group of 0.03 (66.7% greater)
$MITK’s ROCE of 0.05 is lower than its Major Industry Group of 0.07 (-28.6% lower)
$MITK’s ROCE of 0.05 is greater than its Sector of 0.01 (400.0% greater)