MITEK SYSTEMS INC — fact timeline

MITEK SYSTEMS INC reported second quarter ended March 31, 2026 results: revenue $54.8 million, net income $9.5 million, EPS $0.20. Guidance raised.

“execution, continued innovation, and scaling our business model to drive durable, long-term value.” Fiscal 2026 Second Quarter Financial Highlights GAAP • Total revenue of $54.8 million was a 6% increase year-over-year, compared to $51.9 million a year ago. • SaaS revenue of $21.2 million was an 18% increase year-over-year, compared to $18.0 million a year ago.”

MITEK SYSTEMS INC terminated 0.750% Convertible Senior Notes due February 1, 2026 valued at $155,250,000 million in aggregate principal (effective 2026-02-01).

“On February 1, 2026, Mitek Systems, Inc. (the “Company”) repaid in full its 0.750% Convertible Senior Notes due February 1, 2026, which included $155,250,000 million in aggregate principal plus all accrued interest and terminated all lending commitments thereunder.”

MITEK SYSTEMS INC incurred term loan of $50,000,000 with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company at term SOFR plus a specified margin or WSJ prime plus a specified margin.

“On January 21, 2026, Mitek Systems, Inc. (the “Company”) borrowed $50,000,000 under its delayed draw term loan facility established under that certain Loan and Security Agreement, dated February 13, 2024, by and among the Company, A2iA Corp., ID R&D, Inc. and Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, as amended by that certain First Amendment to Loan and Security Agreement, dated May 7, 2025 (collectively, the “Credit Agreement”).”

MITEK SYSTEMS INC amended credit facility of up to $75,000,000 with Silicon Valley Bank, a division of First Citizens Bank & Trust Company at term SOFR plus a specified margin maturing May 1, 2030.

“(the “Bank”). The Amendment provides for, among other things, (i) the establishment of a delayed draw term loan (the “Term Loan”) in an aggregate principal amount of up to $75,000,000 that may be drawn prior to February 28, 2026 for the sole purpose of paying amounts outstanding under the 0.75% convertible senior notes due February 1, 2026 and customary fees”

Garrett Gafke was appointed as Chief Operating Officer at MITEK SYSTEMS INC.

“On April 25, 2025, Mitek Systems, Inc. (the “Company”) appointed that Garret Gafke was appointed as the Company’s Chief Operating Officer, effective immediately.”

James C. Hale departed as director at MITEK SYSTEMS INC.

“James C. Hale notified the Company of his decision not to stand for re-election at the 2025 Annual Meeting.”

James (J.D.) Fay was appointed as director at MITEK SYSTEMS INC.

“appointed James (J.D.) Fay to the Board to fill the resulting vacancy.”

Kimberly Stevenson changed role as Lead Independent Director at MITEK SYSTEMS INC.

“Kimberly Stevenson, who currently serves as the Board’s lead independent director, will cease serving in such capacity and will continue to serve on the Board and as a member of the Board’s audit committee and chair of the Board’s compensation committee.”

Scott Carter changed role as Non-executive Chairman of the Board at MITEK SYSTEMS INC.

“Scott Carter, who has served as the Company’s interim Chief Executive Officer since June 2024, is returning to his role as the Company’s non-executive chairman of the Board, effective October 1, 2024.”

Edward H. West was appointed as Chief Executive Officer at MITEK SYSTEMS INC.

“On October 1, 2024, Mitek Systems, Inc. (the “Company”) announced that Edward H. West was appointed as the Company’s Chief Executive Officer, effective immediately.”

Scipio "Max" Carnecchia resigned as Director at MITEK SYSTEMS INC.

“On June 9, 2024, Mr. Scipio “Max” Carnecchia tendered his resignation as a member of the Board of Directors of Mitek Systems, Inc. (the “Company”) effective immediately.”

Scott Carter was appointed as Interim Chief Executive Officer at MITEK SYSTEMS INC.

“Scott Carter, a member of the Board of Directors of the Company (the “Board”), was appointed as Interim Chief Executive Officer of the Company, effective as of June 1, 2024.”

MITEK SYSTEMS INC reported second quarter ended March 31, 2024 results: revenue $47.0 million, net income $0.3 million, EPS $0.01 per diluted share. Guidance reaffirmed.

“31, 2024, and reiterated its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2024 Second Quarter Financial Results • Total revenue was $47.0 million, compared to $46.1 million a year ago. • GAAP operating income was $0.7 million, an operating margin of 1%, compared to GAAP operating income of $8.7 million, an operating margin”

Kim Stevenson was appointed as Lead Independent Director at MITEK SYSTEMS INC.

“In connection with the appointment of Scott Carter as Interim Chief Executive Officer, Kim Stevenson has been appointed as the Lead Indepen”

Scott Carter was appointed as Interim Chief Executive Officer at MITEK SYSTEMS INC.

“Scott Carter, a member of the Board, has been appointed as Interim Chief Executive Officer, effective as of June 1, 2024.”

Max Carnecchia was terminated as Chief Executive Officer at MITEK SYSTEMS INC.

“On May 9, 2024, the Board of Directors of the Company (the "Board") notified Scipio "Max" Carnecchia that his employment as the Company's Chief Executive Officer would terminate as of May 31, 2024.”

MITEK SYSTEMS INC reported second fiscal quarter ended March 31, 2024 results: revenue $46 million to $47 million.

“Mitek expects fiscal second quarter revenue to be in the range of $46 million to $47 million.”

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.

“Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com , “Mitek” or the “Company”), a global leader in digital identity and fraud prevention, today reported financial results for its first quarter ended December 31, 2023, and provided select preliminary results for its second quarter ended March 31, 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 operating margin of 18% a year ago. • GAAP net loss was $5.8 million, or negative $0.13 per diluted share, compared to GAAP net income of $4.7 million, or $0.10 per diluted share a year ago. • Non-GAAP operating income was $5.6 million and non-GAAP operating margin was 15%, compared to non-GAAP operating income of $18.4 million and a n”

MITEK SYSTEMS INC reported second fiscal quarter ended March 31, 2024 results: revenue $46 million to $47 million. Guidance reaffirmed.

“Mitek expects fiscal second quarter revenue to be in the range of $46 million to $47 million”

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.

“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”

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.

“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”

MITEK SYSTEMS INC incurred revolving credit of $35,000,000 with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company at variable rate equal to (a) term SOFR plus a specified margin or (b) WSJ prime pl maturing three year anniversary of the Closing Date.

“defined herein shall have the meanings ascribed to them in the Credit Agreement. The Credit Agreement provides for a revolving line of credit whereby Borrower may borrow up to $35,000,000 (the “Revolving Line”) with an additional $15,000,000 to be advanced under the Revolving Line at the sole discretion of the Bank. The Revolving Line is secured on a first priority”

MITEK SYSTEMS INC entered into Loan and Security Agreement with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company valued at $35,000,000 (effective 2024-02-13).

“On February 13, 2024 (the “Closing Date”), Mitek Systems, Inc. (the “Company”), A2iA Corp., and ID R&D, Inc. (jointly and severally, individually and collectively, “Borrower”) entered into a Loan and Security Agreement (the “Credit Agreement”) with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company (the “Bank”).”

MITEK SYSTEMS INC received a nasdaq hearing update notice regarding late filing (rules 5250(c)(1)).

“orted, the Company is subject to a Mandatory Panel Monitor for a period of one year, or until November 6, 2024, which requires the Nasdaq Listing Qualifications Department to promptly issue a delisting determination in the event that the Company fails to maintain compliance with Nasdaq Listing Rule 5250(c). As previously disclosed on December 18, 2023, the Company intended to appeal a determination by the Nasdaq Listing Qualifications Department to delist the Company’s securities due to the Company’s failure to timely file its Annual Report on Form 10-K for the period ended September 30, 2023”

Fuad Ahmad departed as Interim Chief Financial Officer at MITEK SYSTEMS INC.

“Fuad Ahmad, the Company’s current Interim CFO, who has agreed to step down as Interim CFO as of the Effective Date”

David Lyle was appointed as Chief Financial Officer at MITEK SYSTEMS INC.

“On December 19, 2023 Mitek Systems, Inc. (the “Company”) appointed David Lyle, age 59, as the Company’s Chief Financial Officer ("CFO") and Senior Vice President, effective as of January 2, 2024”

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.

“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”

MITEK SYSTEMS INC updated its fiscal 2023 guidance for the year ending September 30, 2023 guidance (reaffirmed).

“Mitek is reiterating its fiscal 2023 guidance for the year ending September 30, 2023, expecting revenue to be in the range of $169.0 million to $171.0 million, an increase of approximately 18% year over year from the mid-point of the guidance range.”

MITEK SYSTEMS INC reported first nine months of fiscal 2023 results: revenue $134.9 million, net income GAAP net income was $9.5 million, or $0.20 per diluted share., EPS $0.20 per diluted share.

“Fiscal 2023 First Nine Months Financial Highlights • Total revenue increased 28% year over year to $134.9 million. • GAAP net income was $9.5 million, or $0.20 per diluted share.”

MITEK SYSTEMS INC reported third quarter ended June 30, 2023 results: revenue $43.1 million, net income GAAP net loss was $0.4 million, or $0.01 per diluted share., EPS $0.01 per diluted share. Guidance reaffirmed.

“financial results for its third quarter of fiscal 2023 ended June 30, 2023. Fiscal 2023 Third Quarter Financial Highlights • Total revenue increased 10% year over year to $43.1 million in a record third quarter. • GAAP net loss was $0.4 million, or $0.01 per diluted share. • Non-GAAP net income was $9.5 million, or $0.20 per diluted share. • Cash flow from”

Scott Carter resigned as Executive Chair of the Board at MITEK SYSTEMS INC.

“On October 24, 2023, Scott Carter, the Executive Chair of the Board of Directors, notified the Board of Directors of the Company (the “Board”) of his intention to resign from his role as an executive of the Company but to remain as the Chair of the Board effective as of December 1, 2023.”

MITEK SYSTEMS INC shareholders approved Advisory (non-binding) vote on frequency of future advisory votes on executive compensation at the 2023-08-10 meeting.

“A proposal to approve, on an advisory (non-binding) basis, the frequency of future advisory stockholder votes on the compensation of our named executive officers.”

MITEK SYSTEMS INC shareholders approved Advisory (non-binding) approval of compensation of named executive officers at the 2023-08-10 meeting.

“A proposal to approve, on an advisory (non-binding) basis, the compensation of our named executive officers as presented in the Proxy Statement.”

MITEK SYSTEMS INC shareholders approved Ratification of appointment of BDO USA, P.A. as independent registered public accounting firm at the 2023-08-10 meeting.

“A proposal to ratify the appointment of BDO USA, P.A. as our independent registered public accounting firm for the fiscal year ending September 30, 2023;”

MITEK SYSTEMS INC shareholders approved Amendment to Certificate of Incorporation to reflect new Delaware law provisions regarding officer exculpation at the 2023-08-10 meeting.

“A proposal to approve the amendment to our Certificate of Incorporation to reflect new Delaware law provisions regarding officer exculpation.”

MITEK SYSTEMS INC shareholders approved Amendment and restatement of the Mitek Systems, Inc. 2020 Incentive Plan to increase shares reserved by 5,108,000 at the 2023-08-10 meeting.

“A proposal to approve the amendment and restatement of the Mitek Systems, Inc. 2020 Incentive Plan to increase the number of shares reserved for issuance thereunder by 5,108,000 shares.”

MITEK SYSTEMS INC shareholders approved Election of seven directors to serve until the 2024 annual meeting at the 2023-08-10 meeting.

“A proposal to elect the following seven directors to serve until the Company’s 2024 annual meeting of stockholders and until their respective successors have been elected and qualified: Scipio “Max” Carnecchia, Scott Carter, Rahul Gupta, James C. Hale, Susan Repo, Kimberly S. Stevenson, and Donna C. Wells.”

MITEK SYSTEMS INC reported second quarter of fiscal 2023 ended March 31, 2023 results: revenue $45.3 million, net income $4.4 million, or $0.10 per diluted share, EPS $0.10 per diluted share. Guidance reaffirmed.

“increased 35% year over year, reaffirming Mitek’s market-leading position. Fiscal 2023 Second Quarter Financial Highlights • Total revenue increased 35% year over year to $45.3 million in a record second quarter. • GAAP net income was $4.4 million, or $0.10 per diluted share. • Non-GAAP net income was $13.1 million, or $0.29 per diluted share. • Cash flow from”

MITEK SYSTEMS INC updated its first quarter of fiscal 2023 ended December 31, 2022 guidance (raised).

“On September 5, 2023, Mitek Systems, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the first quarter ended December 31, 2022.”

MITEK SYSTEMS INC received a nasdaq hearing update notice regarding late filing (rules 5250(c)(1)).

“August 16, 2023, Mitek Systems, Inc. (the "Company") received a decision from the Nasdaq Hearings Panel (the “Panel”) granting the Company’s request for continued listing on the Nasdaq Capital Market, subject to the Company demonstrating compliance with the Nasdaq Listing Rule 5250(c)(1) (the “ Listing Rule”) on or before October 13, 2023, and certain other conditions. As previously disclosed, t he Company received a delisting determination (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Staff init”

MITEK SYSTEMS INC received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“August 14, 2023, Mitek Systems, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), as expected, advising the Company that it was not in compliance with Nasdaq’s continued listing requirements under the Nasdaq Listing Rule 5250(c)(1) (the “Rule”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “Q3 Form 10-Q”) in a timely manner and that such matter serves as an additional basis for delisting the Company’s securities from Nasdaq. The Rule requires”

MITEK SYSTEMS INC received a nasdaq hearing update notice regarding other.

“July 5, 2023, the Company received a notice from the Panel notifying the Company that the Panel granted the Company’s request to extend the automatic stay of suspension from Nasdaq pending the Company’s hearing before the Panel scheduled for August 10, 2023, and a final determination regarding the Company’s listing status. On August 10, 2023, the Company presented its plan to regain compliance with the Rule to the Panel and expects to receive a decision from the Panel regarding the Company’s request for continued listing on Nasdaq in late August or September. Given that the Company addressed i”

MITEK SYSTEMS INC received a nasdaq deficiency notice notice regarding other (rules 5250(c)(1)).

“August 14, 2023, Mitek Systems, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), as expected, advising the Company that it was not in compliance with Nasdaq’s continued listing requirements under the Nasdaq Listing Rule 5250(c)(1) (the “Rule”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “Q3 Form 10-Q”) in a timely manner and that such matter serves as an additional basis for delisting the Company’s securities from Nasdaq. The Rule requires”

MITEK SYSTEMS INC received a nasdaq noncompliance notice notice regarding late filing.

“August 10, 2023, and a final determination regarding the Company’s listing status. As previously disclosed on June 13, 2023, the Company intended to appeal a determination by the Nasdaq Listing Qualifications Department to delist the Company’s securities due to the Company’s failure to timely file its Annual Report on Form 10-K for the period ended September 30, 2023 and its Quarterly Reports on Form 10-Q for the quarterly periods ended December 31, 2022, and March 31, 2023, with the Securities and Exchange Commission. On June 20, 2023 the Company timely requested a hearing before the Panel an”

MITEK SYSTEMS INC updated its the fourth quarter and fiscal year ended September 30, 2022 guidance (raised).

“On June 29, 2023, Mitek Systems, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the fourth quarter and fiscal year ended September 30, 2022.”

MITEK SYSTEMS INC reported year ending September 30, 2023 results: revenue $162.0 million to $165.0 million. Guidance initiated.

“Mitek expects revenue for the year ending September 30, 2023 to be in the range of $162.0 million to $165.0 million, an increase of approximately 14% year over year from the mid-point of the guidance range.”

MITEK SYSTEMS INC reported year ended September 30, 2022 results: revenue $143.0 million to $144.0 million.

“Mitek is reiterating its previously provided estimates that revenue for the year ended September 30, 2022 will be in the range of $143.0 million to $144.0 million, an increase of between 19-20% compared to revenue of $119.8 million in the prior year ended September 30, 2021.”

MITEK SYSTEMS INC received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

“June 13, 2023, the Company received a Staff Delisting Determination (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Nasdaq Listing Qualifications Department (the “Staff”) has initiated a process to delist the Company’s securities from Nasdaq as a result of the Company’s not being in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”). The Company had prev”

MITEK SYSTEMS INC received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“May 12, 2023, Mitek Systems, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that it was not in compliance with Nasdaq’s continued listing requirements under the Nasdaq Listing Rule 5250(c)(1) (the “Rule”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Q2 Form 10-Q”) in a timely manner and because the Company remains delinquent in filing its Form 10-K for the year ended September 30, 2022 (the “Form 10-K”) and its Form”

MITEK SYSTEMS INC reported the year ended September 30, 2022 results: revenue $143.0 million to $144.0 million.

“Based on currently available information, Mitek Systems, Inc. (the "Company", "we", "us", or "our"), estimates that revenue for the year ended September 30, 2022 will be in the range of $143.0 million to $144.0 million, compared to $119.8 million in the year ended September 30, 2021.”