Mitek Q1 revenue $45.7M (+41% YoY), raises FY2023 guidance

MITEK SYSTEMS INC

GAAP net income $4.7M ($0.10 EPS); non-GAAP net income $14.3M ($0.31 EPS).
Identity revenue up 15% YoY; Deposits revenue up 59% YoY including $7.0M from multi-year contract.
FY2023 revenue guidance raised to $169-171M (~18% YoY); non-GAAP margin 30-31%.
Cash and investments $107.6M; operating cash flow $5.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

MITEK SYSTEMS INC updated its first quarter of fiscal 2023 ended December 31, 2022 guidance (raised).

Period: first quarter of fiscal 2023 ended December 31, 2022
Guidance: raised
Result: preliminary results

Exact text from the filing

On September 5, 2023, Mitek Systems, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the first quarter ended December 31, 2022.

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

MITEK SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000807863-23-000079

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