---
schema_version: "secwatch.filing_event.v1"
accession: "0000807863-24-000043"
form_type: "8-K"
ticker: "MITK"
cik: "0000807863"
company_name: "MITEK SYSTEMS INC"
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T23:12:43.609296+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mitek Q1 revenue $36.9M (-19% YoY), GAAP loss $0.13/share; reiterates FY guidance

## Summary
- Q1 FY2024 revenue $36.9M vs $45.7M last year; GAAP operating loss $6.9M vs income of $8.4M.
- GAAP net loss $5.8M ($0.13 diluted EPS) vs net income $4.7M ($0.10 EPS) a year ago.
- Non-GAAP net income $6.3M ($0.14 diluted EPS) vs $14.3M ($0.31) prior year.
- Preliminary Q2 FY2024 revenue expected $46M-$47M; full-year revenue guidance reaffirmed at $180M-$185M.
- CEO cites $7M one-time mobile deposit reorder in prior year as cause of YoY decline; expects normalized growth of 10-12%.

## SEC filing metadata
- accession: 0000807863-24-000043
- form_type: 8-K
- ticker: MITK
- cik: 0000807863
- company_name: MITEK SYSTEMS INC
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/807863/000080786324000043/0000807863-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/807863/000080786324000043/mitk-20240415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000807863-24-000043
- JSON: https://secwatch.observer/filing/0000807863-24-000043.json
- Plain text: https://secwatch.observer/filing/0000807863-24-000043.txt

## Key facts
- Earnings Releases
  MITEK SYSTEMS INC reported second fiscal quarter ended March 31, 2024 results: revenue $46 million to $47 million. Guidance reaffirmed.
  - Period: second fiscal quarter ended March 31, 2024
  - Revenue: $46 million to $47 million
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: Mitek expects fiscal second quarter revenue to be in the range of $46 million to $47 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000043/0000807863-24-000043-index.htm
- Earnings Releases
  MITEK SYSTEMS INC reported first quarter ended December 31, 2023 results: revenue $36.9 million, net income $5.8 million, EPS negative $0.13 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended December 31, 2023
  - Revenue: $36.9 million
  - Net income: $5.8 million
  - EPS: negative $0.13 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 2024. Mitek also reiterated its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2024 First Quarter Financial Results • Total revenue was $36.9 million, compared to $45.7 million a year ago. • GAAP operating loss was $6.9 million, an operating margin of negative 19%, compared to GAAP operating income of $8.4 million, an
  evidence_url: https://www.sec.gov/Archives/edgar/data/807863/000080786324000043/0000807863-24-000043-index.htm

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