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DAD2

Re: None

Thursday, 05/03/2012 4:12:09 PM

Thursday, May 03, 2012 4:12:09 PM

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Thoughts of where this will bottom?

Mitek Systems Inc. (NASDAQ:MITK) shares plummet following its fiscal second quarter earnings per share loss of 11 cents, vs. a 2 cents consensus. The problem is said to be a dispute with the bank tech supplier’s customer USAA, in which a large portion of its top line was forfeited. Mitek is fighting the claim in court, with any new developments so far unreported.

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