---
schema_version: "secwatch.filing_event.v1"
accession: "0000807863-24-000033"
form_type: "8-K"
ticker: "MITK"
cik: "0000807863"
company_name: "MITEK SYSTEMS INC"
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T14:17:43.905597+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- accession: 0000807863-24-000033
- form_type: 8-K
- ticker: MITK
- cik: 0000807863
- company_name: MITEK SYSTEMS INC
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/807863/000080786324000033/0000807863-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/807863/000080786324000033/mitk-20240319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000807863-24-000033
- JSON: https://secwatch.observer/filing/0000807863-24-000033.json
- Plain text: https://secwatch.observer/filing/0000807863-24-000033.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000033/0000807863-24-000033-index.htm

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