Mitek Systems, Inc. (MITK)

[gator97]

Here's a great piece from Fox Business:

http://www.foxbusiness.com/personal-finance/2011/11/21/money-in-flash-literally-rivals-race-to-adopt-remote-deposit/#ixzz1f2fv0G8R

It actually gives timelines for when some of the big institutions will be online with MobileDeposit; something that wasn't done on the quarterly cc. This is the key to all the signings since this is where the revenue growth will come.

My opinion is MITK missed their number due to the low number of signees to go online in the past 6 months. That said, all these signees should come online in the near future (as indicated by this article). Furthermore, all banks and other financial companies will all need to implement some form of mobile deposit to prevent losing customers, even if for some reason, they don't want to make their deposit system more efficient and drive down their cost/transaction. Mitek is, from all accounts, 12-24 months ahead of the competition. They will be the company of choice.

For all the technologies I've missed getting in on early, I'm glad I'm on this boat already.