Mitek reports record FY2022 revenue $143.9M (+20% YoY); guides FY2023 $162-165M

MITEK SYSTEMS INC

Full year GAAP diluted EPS $0.07; Non-GAAP diluted EPS $0.87, up 16% YoY to record $39.6M.
Q4 FY2022 revenue $38.8M (+17% YoY); GAAP net loss $0.3M; Non-GAAP net income $9.0M ($0.20 per share).
Cash and investments $101.0M at Sep 30, 2022; operating cash flow $26.4M.
FY2023 revenue guidance $162-165M (~14% YoY growth at midpoint); non-GAAP op margin 29.5-30.5%.
Growth driven by deposits, HooYu integration, and new platforms MiVIP and MiPass.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MITEK SYSTEMS INC updated its the fourth quarter and fiscal year ended September 30, 2022 guidance (raised).

Period: the fourth quarter and fiscal year ended September 30, 2022
Guidance: raised
Result: reported results

Exact text from the filing

On June 29, 2023, Mitek Systems, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the fourth quarter and fiscal year ended September 30, 2022.

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MITEK SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000807863-23-000042

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