Mitek Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Mitek Systems
MITK Stock  USD 9.32  0.02  0.22%   
Mitek Systems financial statements provide useful quarterly and yearly information to potential Mitek Systems investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Mitek Systems financial statements helps investors assess Mitek Systems' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Mitek Systems' valuation are summarized below:
Gross Profit
105.3 M
Profit Margin
(0.04)
Market Capitalization
430.6 M
Enterprise Value Revenue
2.7159
Revenue
166.5 M
There are currently one hundred twenty fundamental ratios for Mitek Systems that can be evaluated and compared over time across peers in the industry. We recommend to check Mitek Systems' last-minute fundamental drivers against the all of the trends between 2010 and 2024. Market Cap is expected to rise to about 228.2 M this year. Enterprise Value is expected to rise to about 220.4 M this year

Mitek Systems Total Revenue

208.36 Million

Check Mitek Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mitek Systems' main balance sheet or income statement drivers, such as Depreciation And Amortization of 24.4 M, Interest Expense of 8.6 M or Total Revenue of 208.4 M, as well as many indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0 or PTB Ratio of 2.03. Mitek financial statements analysis is a perfect complement when working with Mitek Systems Valuation or Volatility modules.
  
Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

Mitek Systems Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets489.5 M466.2 M188 M
Slightly volatile
Short and Long Term Debt Total169.4 M161.3 M50.1 M
Slightly volatile
Other Current Liabilities24.5 M23.4 M9 M
Slightly volatile
Total Current Liabilities62.2 M59.2 M24.2 M
Slightly volatile
Total Stockholder Equity247.8 M236 M105.5 M
Slightly volatile
Property Plant And Equipment Net8.4 M8 M4.5 M
Slightly volatile
Non Current Assets Total260.1 M247.7 M98 M
Slightly volatile
Net Receivables61 M58.1 M20.3 M
Slightly volatile
Common Stock Shares Outstanding56.1 M53.4 M36.7 M
Slightly volatile
Liabilities And Stockholders Equity489.5 M466.2 M188 M
Slightly volatile
Non Current Liabilities Total179.5 M171 M58.3 M
Slightly volatile
Other Current Assets7.1 M6.8 M2.7 M
Slightly volatile
Other Stockholder Equity276.1 M263 M130.6 M
Slightly volatile
Total Liabilities241.7 M230.2 M82.5 M
Slightly volatile
Property Plant And Equipment Gross17.8 M17 M6.2 M
Slightly volatile
Total Current Assets229.4 M218.5 M90 M
Slightly volatile
Short Term Debt2.8 M2.4 M3.1 M
Very volatile
Accounts Payable9.2 M8.7 M3.7 M
Slightly volatile
Cash71.1 M67.7 M24.5 M
Slightly volatile
Non Currrent Assets Other8.7 M8.3 M6.3 M
Slightly volatile
Cash And Short Term Investments161.3 M153.7 M66.5 M
Slightly volatile
Other Liabilities72.5 M69.1 M23.5 M
Slightly volatile
Other Assets78.5 M74.8 M27.7 M
Slightly volatile
Common Stock Total Equity26.4 K50.6 K35.1 K
Slightly volatile
Common Stock28.3 K52.9 K35.4 K
Slightly volatile
Property Plant Equipment13 M12.3 M5.4 M
Slightly volatile
Current Deferred Revenue21 M20 M7.9 M
Slightly volatile
Net Tangible Assets123 M117.1 M59.8 M
Slightly volatile
Short Term Investments90.2 M85.9 M42.7 M
Slightly volatile
Capital Surpluse241.4 M229.9 M128.1 M
Slightly volatile
Non Current Liabilities Other2.1 M3.3 M1.9 M
Slightly volatile
Net Invested Capital212.1 M391.8 M154.8 M
Slightly volatile
Net Working Capital85.7 M159.3 M69.2 M
Slightly volatile
Short and Long Term Debt200 K180 K252 K
Slightly volatile
Capital Stock46.6 K52.9 K41.3 K
Slightly volatile
Capital Lease Obligations5.3 M4.3 M6.7 M
Slightly volatile

Mitek Systems Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization24.4 M23.3 M8.7 M
Slightly volatile
Total Revenue208.4 M198.4 M83.5 M
Slightly volatile
Gross Profit180.6 M172 M72.3 M
Slightly volatile
Other Operating Expenses189.6 M180.5 M80.9 M
Slightly volatile
Cost Of Revenue27.7 M26.4 M11.2 M
Slightly volatile
Total Operating Expenses161.8 M154.1 M69.3 M
Slightly volatile
Research Development35 M33.3 M17.2 M
Slightly volatile
Selling General Administrative52.3 M49.8 M23 M
Slightly volatile
Selling And Marketing Expenses34.7 M36.5 M150.1 M
Slightly volatile
Interest Income73.2 K82.3 K89.6 K
Slightly volatile
Reconciled Depreciation22.6 M21.5 M7.6 M
Slightly volatile

Mitek Systems Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation22.6 M21.5 M7.5 M
Slightly volatile
Other Non Cash Items10.7 M10.2 M3.3 M
Slightly volatile
End Period Cash Flow71.1 M67.7 M24.5 M
Slightly volatile
Begin Period Cash Flow38.7 M36.9 M16.8 M
Slightly volatile
Change To Liabilities1.5 M2.5 M1.8 M
Pretty Stable
Stock Based Compensation12.6 M12 M7.3 M
Slightly volatile
Issuance Of Capital Stock4.2 M5.5 M2.9 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.892.554.7821
Slightly volatile
PTB Ratio2.032.143.9633
Slightly volatile
Days Sales Outstanding10012378.4179
Slightly volatile
Book Value Per Share4.264.062.4181
Slightly volatile
Average Payables908.1 K1.6 M1.3 M
Slightly volatile
Stock Based Compensation To Revenue0.130.06970.1244
Slightly volatile
Capex To Depreciation0.04720.04970.5912
Slightly volatile
PB Ratio2.032.143.9633
Slightly volatile
EV To Sales2.812.974.7124
Pretty Stable
Inventory Turnover8.559.08.2481
Slightly volatile
Days Of Inventory On Hand41.3341.9627.927
Very volatile
Payables Turnover4.333.483.0576
Slightly volatile
Sales General And Administrative To Revenue0.480.290.3291
Slightly volatile
Average Inventory702.6 K669.1 K401.3 K
Slightly volatile
Research And Ddevelopement To Revenue0.320.190.2732
Slightly volatile
Capex To Revenue0.00510.00540.0196
Slightly volatile
Cash Per Share2.772.641.525
Slightly volatile
Days Payables Outstanding102109159
Slightly volatile
Intangibles To Total Assets0.440.420.2881
Slightly volatile
Current Ratio2.373.323.7176
Pretty Stable
Receivables Turnover4.133.085.3833
Slightly volatile
Graham Number4.03.812.813
Slightly volatile
Shareholders Equity Per Share4.264.062.4181
Slightly volatile
Debt To Equity0.940.770.6118
Pretty Stable
Capex Per Share0.01560.02040.0272
Very volatile
Average Receivables4.2 M4 M3.7 M
Slightly volatile
Revenue Per Share4.584.362.2038
Slightly volatile
Interest Debt Per Share3.032.881.0967
Slightly volatile
Debt To Assets0.30.390.1535
Slightly volatile
Short Term Coverage Ratios73.39142121
Slightly volatile
Operating Cycle138123101
Pretty Stable
Price Book Value Ratio2.032.143.9633
Slightly volatile
Days Of Payables Outstanding102109159
Slightly volatile
Company Equity Multiplier2.482.271.9409
Pretty Stable
Long Term Debt To Capitalization0.480.460.2007
Slightly volatile
Total Debt To Capitalization0.460.40.2014
Slightly volatile
Debt Equity Ratio0.940.770.6118
Pretty Stable
Quick Ratio2.243.323.6632
Pretty Stable
Net Income Per E B T0.850.71.1652
Pretty Stable
Cash Ratio0.751.031.1183
Slightly volatile
Days Of Inventory Outstanding41.3341.9627.927
Very volatile
Days Of Sales Outstanding10012378.4179
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.211.111.1259
Pretty Stable
Cash Flow Coverage Ratios0.20.2123.0047
Very volatile
Price To Book Ratio2.032.143.9633
Slightly volatile
Fixed Asset Turnover30.5822.2825.6492
Very volatile
Debt Ratio0.30.390.1535
Slightly volatile
Cash Flow To Debt Ratio0.20.2123.0047
Very volatile
Price Sales Ratio2.892.554.7821
Slightly volatile
Asset Turnover0.470.490.5911
Slightly volatile
Gross Profit Margin0.570.780.8131
Very volatile
Price Fair Value2.032.143.9633
Slightly volatile

Mitek Systems Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap228.2 M217.4 M190.9 M
Slightly volatile
Enterprise Value220.4 M209.9 M182.7 M
Slightly volatile

Mitek Fundamental Market Drivers

Forward Price Earnings12.2699
Cash And Short Term Investments133.6 M

Mitek Upcoming Events

3rd of September 2024
Upcoming Quarterly Report
View
12th of September 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
4th of July 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
30th of September 2022
Last Financial Announcement
View

About Mitek Systems Financial Statements

Mitek Systems investors utilize fundamental indicators, such as revenue or net income, to predict how Mitek Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue20 M21 M
Total Revenue198.4 M208.4 M
Cost Of Revenue26.4 M27.7 M
Stock Based Compensation To Revenue 0.07  0.13 
Sales General And Administrative To Revenue 0.29  0.48 
Research And Ddevelopement To Revenue 0.19  0.32 
Capex To Revenue 0.01  0.01 
Revenue Per Share 4.36  4.58 
Ebit Per Revenue 0.10  0.11 

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
How To Invest In Mitek
Details
Is Mitek Stock a good investment?
Details
What is Mitek Systems' Net Worth?
Details
Largest Application Software Companies
View
Largest Software - Application Companies
View
Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.94)
Earnings Share
(0.14)
Revenue Per Share
3.59
Quarterly Revenue Growth
0.044
Return On Assets
(0.01)
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Earnings
Projections
Details
Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY