Mitek reports record FY2023 revenue of $172.6M (+19% YoY); Q4 revenue down 5%

MITEK SYSTEMS INC

FY2023 GAAP net income $8.0M ($0.17/diluted) vs $3.7M in FY2022; non-GAAP EPS $0.95.
Q4 2023 revenue $37.7M (-5% YoY), GAAP operating loss $3.3M vs income $3.8M year ago.
Deposit revenue up 20%, Identity revenue up 17% YoY in FY2023; net revenue retention ~117%.
Reiterates FY2024 revenue guidance $180M-$185M (midpoint growth ~6% or ~12% ex one-time).
Cash and investments $134.9M at Sept 30, 2023, up 34%; operating cash flow $31.6M (+50%).

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 the fourth quarter and fiscal year ended September 30, 2023 results: revenue $172.6 million, net income $8.0 million, or $0.17 per diluted share. Guidance reaffirmed.

Period: the fourth quarter and fiscal year ended September 30, 2023
Revenue: $172.6 million
Net income: $8.0 million, or $0.17 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2023 Full Year Financial Highlights • Total revenue increased 19% to a record $172.6 million. • GAAP operating income increased 28% to $15.6 million, an operating margin of 9%. • GAAP net income increased 117% to $8.0 million, or $0.17 per diluted share. • Non-GAAP

View on SEC.gov

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

MITEK SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000807863-24-000033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.