Mitek Systems reports record fiscal Q2 revenue of $45.3M, up 35% YoY; reiterates FY guidance

MITEK SYSTEMS INC

Total revenue $45.3M (record Q2), +35% YoY; GAAP EPS $0.10; non-GAAP EPS $0.29.
First six months revenue $91.0M (+38% YoY); GAAP EPS $0.20; non-GAAP EPS $0.60.
Cash flow from operations $6.3M in Q2; total cash & investments $114.5M.
FY 2023 guidance reiterated: revenue $169-171M (+~18% YoY) and non-GAAP op margin 30-31%.
Identity and Deposits revenue each up 35% YoY; CEO notes H2 growth moderation expected.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MITEK SYSTEMS INC reported second quarter of fiscal 2023 ended March 31, 2023 results: revenue $45.3 million, net income $4.4 million, or $0.10 per diluted share, EPS $0.10 per diluted share. Guidance reaffirmed.

Period: second quarter of fiscal 2023 ended March 31, 2023
Revenue: $45.3 million
Net income: $4.4 million, or $0.10 per diluted share
EPS: $0.10 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

increased 35% year over year, reaffirming Mitek’s market-leading position. Fiscal 2023 Second Quarter Financial Highlights • Total revenue increased 35% year over year to $45.3 million in a record second quarter. • GAAP net income was $4.4 million, or $0.10 per diluted share. • Non-GAAP net income was $13.1 million, or $0.29 per diluted share. • Cash flow from

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