Highest-materiality recent filing
Mitek Q2 revenue $54.8M record; raises FY2026 guidance
Total revenue of $54.8M, up 6% YoY; highest quarterly revenue ever.
Mitek Q1 revenue $44.2M (+19% YoY), net income $2.8M; raises FY2026 outlook, repays $155M notes
Revenue $44.2M (+19% YoY); SaaS revenue $22.2M (+21%); GAAP net income $2.8M vs loss of $4.6M.
Mitek borrows $50M under term loan facility to fund convertible note maturity
Borrowed $50M on Jan 21, 2026 under delayed draw term loan from Silicon Valley Bank.
Mitek reports record FY2025 revenue $179.7M; SaaS revenue up 21% to $77M
FY2025 revenue $179.7M (+4% YoY); GAAP net income $8.8M ($0.19 EPS) vs $3.3M ($0.07) prior year.
Mitek Q3 revenue $45.7M (+2% YoY), SaaS revenue up 23%; guides FY25 rev $174-177M
GAAP net income $2.4M ($0.05 diluted EPS) vs $0.2M ($0.00) a year ago.
Mitek Q2 revenue $51.9M (+11% YoY), record; raises FY2025 adj. EBITDA margin guidance to 26%-29%
Revenue $51.9M (+11% YoY), GAAP net income $9.2M ($0.20 diluted EPS) vs $0.3M a year ago.
Mitek appoints Garrett Gafke as COO with $4M inducement equity grant tied to stock performance
Garrett Gafke appointed COO effective April 25, 2025; base salary $425K, target bonus 75% of base.
Mitek Systems receives SEC Staff notice that investigation concluded with no enforcement action
SEC Enforcement Staff notified Mitek on March 8, 2025 that their investigation is concluded.
Mitek Q1 revenue flat at $37.3M; raises lower end of Adj. EBITDA margin guidance
Revenue $37.3M flat YoY; GAAP net loss improved to $4.6M ($0.10 loss per share) from $5.8M loss.
Mitek Q4 revenue $43.2M (+15% YoY), GAAP EPS $0.18; FY2025 guidance revenue $170-180M
GAAP net income Q4 $8.6M ($0.18 diluted) vs net loss of $1.4M (-$0.03) a year ago.
Mitek appoints James Fay to board; James Hale to not stand for re-election in 2025
Board expanded from 7 to 8 directors; Fay appointed effective October 21, 2024.
Mitek appoints Edward H. West as CEO, grants $8M inducement equity awards
Ed West appointed CEO and Board member effective October 1, 2024; Scott Carter returns to non-executive chairman.
Mitek Q3 revenue $45M (+4% YoY), Identity underperforms; FY2024 guidance lowered
Total revenue $45.0M (+4% YoY); GAAP net income $0.2M ($0.00 diluted EPS) vs loss year ago.
Mitek appoints Board member Scott Carter as Interim CEO; details equity grants
Scott Carter, existing Board member, appointed Interim CEO effective June 1, 2024; base salary of $85,000 per month.
Mitek terminates CEO Max Carnecchia; appoints Scott Carter interim CEO; Q2 earnings miss
Max Carnecchia's employment terminated May 31; Scott Carter appointed interim CEO effective June 1 at $85k/month.
Mitek corrects Q1 filing; revenue $36.9M, GAAP loss $5.8M, FY24 guidance reiterated
Total revenue $36.9M vs $45.7M YoY; GAAP net loss $5.8M ($0.13) vs net income $4.7M ($0.10) prior year.
Mitek Q1 revenue $36.9M (-19% YoY), GAAP loss $0.13/share; reiterates FY guidance
Q1 FY2024 revenue $36.9M vs $45.7M last year; GAAP operating loss $6.9M vs income of $8.4M.
Mitek reports record FY2023 revenue of $172.6M (+19% YoY); Q4 revenue down 5%
FY2023 GAAP net income $8.0M ($0.17/diluted) vs $3.7M in FY2022; non-GAAP EPS $0.95.
Mitek secures $35M revolver; Nasdaq issues additional delisting notice for late 10-Q filing
Received additional Nasdaq Staff Determination for failure to file Dec 31, 2023 10-Q; hearing set for March 19, 2024 with stay in place.
Mitek gets Nasdaq stay extension to March 19 hearing; warns of further filing delays
Nasdaq Hearings Panel granted extension of automatic stay of suspension pending March 19, 2024 hearing.
Mitek appoints David Lyle as CFO; interim CFO Ahmad steps down for transition
David Lyle, age 59, becomes CFO on Jan 2, 2024; previously CFO of Surgalign, Airgain, Maxwell, Entropic.
Mitek receives Nasdaq delisting notice for late FY 2023 10-K; plans hearing request
Received Staff Delisting Determination on Dec 18, 2023 for failure to timely file FY 2023 Form 10-K (due Dec 14).
Mitek preliminary FY2023 revenue $171.9M (+19% YoY); delays 10-K, faces Nasdaq delist risk
Preliminary FY2023 revenue $171.9M (+19% YoY); GAAP net income $7.8M ($0.17/diluted); non-GAAP net income $43.8M ($0.94/diluted).
Mitek regains Nasdaq compliance after filing delinquent reports; faces one-year Panel Monitor
Nasdaq notified Mitek on Nov 6, 2023 that it regained compliance with Listing Rule 5250(c).
Mitek Q3 revenue up 10% to $43.1M; GAAP EPS -$0.01, non-GAAP EPS $0.20; reiterates FY23 guidance
Total revenue $43.1M (+10% YoY); GAAP net loss $0.4M (-$0.01/diluted share); non-GAAP net income $9.5M ($0.20/diluted share).
Mitek gets Nasdaq extension to Nov 3, 2023 for Q3 10-Q filing
Nasdaq threatened delisting for late 10-K and Q1/Q2/Q3 10-Q filings; company has since filed 10-K, Q1, and Q2.
Mitek Systems reports record fiscal Q2 revenue of $45.3M, up 35% YoY; reiterates FY guidance
Total revenue $45.3M (record Q2), +35% YoY; GAAP EPS $0.10; non-GAAP EPS $0.29.
Mitek Q1 revenue $45.7M (+41% YoY), raises FY2023 guidance
GAAP net income $4.7M ($0.10 EPS); non-GAAP net income $14.3M ($0.31 EPS).
Nasdaq Panel Grants Mitek Continued Listing, Must File Delayed Reports by Oct 13, 2023
Received delisting notice for failure to timely file Form 10-K (FY2022) and Q1, Q2, Q3 FY2023 10-Qs.
Mitek receives additional Nasdaq delisting notice for Q3 10-Q miss; corrects prior filing error
Corrected prior 8-K typo: now says company does not need to address Q3 10-Q filing further with Panel.
Mitek receives additional Nasdaq delisting notice for late Q3 10-Q filing
Received Nasdaq notice on Aug 14, 2023 for failure to timely file Q3 Form 10-Q (June 30, 2023).
Nasdaq panel grants Mitek Systems extension of stay, hearing set for Aug 10
Nasdaq Hearings Panel extended suspension stay pending August 10, 2023 hearing on delisting.
Mitek reports record FY2022 revenue $143.9M (+20% YoY); guides FY2023 $162-165M
Full year GAAP diluted EPS $0.07; Non-GAAP diluted EPS $0.87, up 16% YoY to record $39.6M.
Mitek gets Nasdaq delisting notice for late 10-K and 10-Qs; reiterates guidance
Received Nasdaq delisting determination for failing to file FY2022 10-K and Q1/Q2 FY2023 10-Qs by June 12, 2023 deadline.
Mitek receives Nasdaq delisting notice for delinquent 10-K and two 10-Qs
Notice dated May 12, 2023, cites failure to file Q2 FY2023 10-Q; still delinquent on FY2022 10-K and Q1 FY2023 10-Q.
Preliminary FY2022 revenue estimate: $143-144M, up from $119.8M in FY2021.
Mitek Systems receives Nasdaq non-compliance notice for late 10-Q and 10-K filings
Received Nasdaq notice on Feb 16, 2023 for failure to timely file Form 10-Q (Dec 31, 2022) and still delinquent on Form 10-K (Sep 30, 2022).
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 notified the Company of his decision not to stand for re-election at the 2025 Annual Meeting.
appointed James (J.D.) Fay to the Board to fill the resulting vacancy.
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.
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.
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.
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, 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.
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.
In connection with the appointment of Scott Carter as Interim Chief Executive Officer, Kim Stevenson has been appointed as the Lead Indepen
Scott Carter, a member of the Board, has been appointed as Interim Chief Executive Officer, effective as of June 1, 2024.
Fuad Ahmad, the Company’s current Interim CFO, who has agreed to step down as Interim CFO as of the Effective Date
Max materiality 0.90 · Median 0.70 · Most common event earnings