---
schema_version: "secwatch.filing_event.v1"
accession: "0000807863-23-000151"
form_type: "8-K"
ticker: "MITK"
cik: "0000807863"
company_name: "MITEK SYSTEMS INC"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:37:56.907567+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mitek preliminary FY2023 revenue $171.9M (+19% YoY); delays 10-K, faces Nasdaq delist risk

## Summary
- Preliminary FY2023 revenue $171.9M (+19% YoY); GAAP net income $7.8M ($0.17/diluted); non-GAAP net income $43.8M ($0.94/diluted).
- Net revenue retention >115%; Deposits +21%, Identity +18% YoY. Cash & investments $134.9M.
- FY2024 guidance: revenue $180-185M; non-GAAP op margin 30-31%; Identity targeted at breakeven by end FY2024.
- Large multi-year mobile deposit reorder booked ~$7M future license revenue in FY2023, distorting base.
- 10-K expected delinquent; Nasdaq likely to send delist letter; company will request hearing.

## SEC filing metadata
- accession: 0000807863-23-000151
- form_type: 8-K
- ticker: MITK
- cik: 0000807863
- company_name: MITEK SYSTEMS INC
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/807863/000080786323000151/0000807863-23-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/807863/000080786323000151/mitk-20231207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000807863-23-000151
- JSON: https://secwatch.observer/filing/0000807863-23-000151.json
- Plain text: https://secwatch.observer/filing/0000807863-23-000151.txt

## Key facts
- Earnings Releases
  MITEK SYSTEMS INC reported full fiscal year ended September 30, 2023 results: revenue $171.9 million, net income $7.8 million, or $0.17 per diluted share. Guidance initiated.
  - Period: full fiscal year ended September 30, 2023
  - Revenue: $171.9 million
  - Net income: $7.8 million, or $0.17 per diluted share
  - Guidance: initiated
  - Result: preliminary results
  source text: and provides guidance for its 2024 fiscal year ending September 30, 2024. Preliminary Fiscal 2023 Full-Year Financial Highlights • Total revenue increased 19% year over year to $171.9 million. • GAAP net income was $7.8 million, or $0.17 per diluted share. • Non-GAAP net income was $43.8 million, or $0.94 per diluted share. • Cash flow from operations was $31.4
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786323000151/0000807863-23-000151-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.