Friday, April 29, 2016 9:56:18 AM
Mitek Systems posts 2Q profit, results top Wall Street estimates
SAN DIEGO (AP) _ Mitek Systems Inc. (MITK) on Thursday reported fiscal second-quarter profit of $582,000.
On a per-share basis, the San Diego-based company said it had profit of 2 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The mobile imaging software company posted revenue of $8.5 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $7.3 million.
Mitek Systems shares have climbed 68 percent since the beginning of the year. The stock has more than doubled in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MITK at http://www.zacks.com/ap/MITK
________________________
Source: http://finance.yahoo.com/news/mitek-systems-beats-street-2q-140649721.html
Recent MITK News
- Mitek Reports Record Revenue and Earnings for Fiscal 2023 • Business Wire • 03/19/2024 08:08:00 PM
- Mitek Provides Update on the Filing of Its Fiscal 2023 Annual Report on Form 10-K • Business Wire • 03/19/2024 04:23:00 PM
- Mitek to File Its Fiscal 2023 Annual Report on Form 10-K Today and Will Host Earnings Call on March 19, 2024 • Business Wire • 03/18/2024 10:30:00 AM
- Mitek Supercharges Financial Institutions’ Ability to Detect Check Fraud With MiControl • Business Wire • 02/15/2024 01:00:00 PM
- Mitek Announces Receipt of Notice from Nasdaq • Business Wire • 02/14/2024 01:20:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/13/2024 11:47:06 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 11:01:20 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/09/2024 09:55:18 PM
- Mitek Named to Digital ID & Authentication Council of Canada • Business Wire • 01/23/2024 01:00:00 PM
- Mitek Announces Extension of Nasdaq Stay and Hearing Date • Business Wire • 01/17/2024 10:48:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 10:28:25 PM
- ID R&D Introduces Voice Clone Detection for Protection Against Gen AI-based Identity Fraud • Business Wire • 01/09/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 02:15:36 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 02:15:09 AM
- Mitek Named Winner at FinTech Finance 2023 FF Awards Ceremony • Business Wire • 12/21/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 10:28:23 PM
- Mitek Appoints David Lyle as Chief Financial Officer • Business Wire • 12/19/2023 09:49:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/18/2023 10:29:25 PM
- Mitek Announces Receipt of Notice from Nasdaq • Business Wire • 12/18/2023 10:19:00 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 12/15/2023 09:34:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/13/2023 02:55:31 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 06:58:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 06:56:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 06:51:22 PM
- Consumer Acceptance of Biometrics Opens Path to Confront Threat of AI Digital Fraud • Business Wire • 12/12/2023 01:00:00 PM
FEATURED POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • Mar 27, 2024 10:52 AM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM