secwatch.observer — SEC 8-K summary
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Issuer:     MITEK SYSTEMS INC (MITK)
CIK:        0000807863
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0000807863-23-000083
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807863/000080786323000083/0000807863-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807863/000080786323000083/mitk-20230914.htm
  HTML page:      https://secwatch.observer/filing/0000807863-23-000083

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