"ITEM 1. LEGAL PROCEEDINGS.
We are not aware of any legal proceedings or claims that we believe may have, individually or in the aggregate, a material adverse effect on our business, financial condition, operating results, cash flow or liquidity."
All investors are disappointed with the revenue miss and I am particularly disappointed with the lack of clarity going forward. If you listened to the conference call this was something all the analysts hit on and never got a solid answer. This coupled with the revenue miss is why the stock got hammered, in my opinion.
The bottom line is they have patented technology that continues to be adopted and implemented. It is apparent the industry is accepting this but the cycle time to implement and collect revenues is longer than most, if not all, expected. If you believe in underlying business model and future growth, you will see this as a buying opportunity. This is why most investors bought into the company to begin with. If you believe the fundamental business has changed from why you invested, then sell.
Recent MITK News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 08:17:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:13:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:13:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:13:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:13:16 PM
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- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 08/14/2024 09:30:17 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:47:39 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 09:41:44 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:49:57 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/14/2024 09:27:01 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/06/2024 09:17:40 PM
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