{"schema_version":"secwatch.filing_event.v1","accession":"0000807863-23-000027","form_type":"8-K","ticker":"MITK","cik":"0000807863","company_name":"MITEK SYSTEMS INC","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.313699+00:00","generated_at":"2026-06-15T14:58:54.697192+00:00","sec_items":["2.02","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Mitek restates FY2022 quarterly financials; revenue recognition errors; material weaknesses identified","bullets":["Preliminary FY2022 revenue estimate: $143-144M, up from $119.8M in FY2021.","Audit Committee concludes prior quarterly statements (ended Mar & Jun 2022) should not be relied upon.","Restatement corrections: revenue recognition on multi-year licenses, SaaS minimums, and ID R&D contingent consideration.","Estimated net impact: Q2 FY2022 net income revised from $1.0M to $0.4M; Q3 FY2022 net income revised from $0.8M to ($0.2M) loss.","Material weaknesses in internal controls identified; no impact on current cash position or liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0000807863-23-000027","json":"https://secwatch.observer/filing/0000807863-23-000027.json","markdown":"https://secwatch.observer/filing/0000807863-23-000027.md","text":"https://secwatch.observer/filing/0000807863-23-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/807863/000080786323000027/0000807863-23-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/807863/000080786323000027/mitk-20230505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T14:58:54.697192+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ff5fe4a7061bb2c12f987f0d7e9df31991a44ea","claim":"MITEK SYSTEMS INC reported that prior financial statements should not be relied upon.","evidence_excerpt":"On May 5, 2023, the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company, after discussion with the Company’s independent registered public accounting firm, BDO USA LLP, (“BDO”), concluded that a restatement of the Company’s previously issued unaudited interim financial statements as of and for (i) the three and six months ended March 31, 2022 included in the Company’s Quarterly Report on Form 10-Q/A for the period ended March 31, 2022, filed with the Securities and Exchange Commission on October 28, 2022 (the “Q2 Form 10-Q/A”), and (ii) the three and nine months ended June 30, 2022 included in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2022, filed with the Securities and Exchange Commission on October 28, 2022 (the “Q3 Form 10-Q” and together with the Q2 Form 10-Q/A, the “Prior Quarterly Reports” and the fiscal periods covered t","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/807863/000080786323000027/0000807863-23-000027-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"BDO USA LLP"}],"fact_type":"auditor_change"},{"claim_id":"89d10b5ab67f8b862adb0b3528c0650d514e43c0","claim":"MITEK SYSTEMS INC reported the year ended September 30, 2022 results: revenue $143.0 million to $144.0 million.","evidence_excerpt":"Based on currently available information, Mitek Systems, Inc. (the \"Company\", \"we\", \"us\", or \"our\"), estimates that revenue for the year ended September 30, 2022 will be in the range of $143.0 million to $144.0 million, compared to $119.8 million in the year ended September 30, 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/807863/000080786323000027/0000807863-23-000027-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended September 30, 2022"},{"label":"Revenue","value":"$143.0 million to $144.0 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}