secwatch.observer — SEC 8-K summary
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Issuer:     MITEK SYSTEMS INC (MITK)
CIK:        0000807863
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0000807863-23-000038
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mitek gets Nasdaq delisting notice for late 10-K and 10-Qs; reiterates guidance
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- Received Nasdaq delisting determination for failing to file FY2022 10-K and Q1/Q2 FY2023 10-Qs by June 12, 2023 deadline.
- Will request a hearing by June 20, 2023 to stay delisting; hearing typically 30-45 days later; no guarantee of extension.
- Reiterates FY2022 revenue estimate $143-144M (+19-20% YoY) and non-GAAP operating margin 29-30%.
- Guides FY2023 revenue $162-165M (+~14% YoY) and non-GAAP operating margin 29.5-30.5%.
- Cash and equivalents $114.5M as of Mar 31, 2023, up 26% from $90.6M in June 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807863/000080786323000038/0000807863-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807863/000080786323000038/mitk-20230613.htm
  HTML page:      https://secwatch.observer/filing/0000807863-23-000038

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