secwatch.observer — SEC 8-K summary
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Issuer:     MITEK SYSTEMS INC (MITK)
CIK:        0000807863
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0000807863-24-000140
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mitek Q4 revenue $43.2M (+15% YoY), GAAP EPS $0.18; FY2025 guidance revenue $170-180M
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- GAAP net income Q4 $8.6M ($0.18 diluted) vs net loss of $1.4M (-$0.03) a year ago.
- Adjusted EBITDA Q4 $15.4M (36% margin) vs $5.9M (16%) a year ago.
- Full year FY2024 revenue $172.1M (flat YoY); GAAP net income $3.3M ($0.07) vs $8.0M ($0.17).
- FY2025 guidance: revenue $170M-$180M, adjusted EBITDA margin 24%-28%.
- Q4 repurchased 1.4M shares at avg $9.94 for $14.2M; full year 2.2M shares for $24.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807863/000080786324000140/0000807863-24-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807863/000080786324000140/mitk-20241216.htm
  HTML page:      https://secwatch.observer/filing/0000807863-24-000140

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