"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 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 08:19:45 PM
- Mitek to File Its Fiscal 2024 Second Quarter Form 10-Q on May 10, 2024 and Hold Earnings Call on May 13, 2024 • Business Wire • 05/08/2024 08:53:00 PM
- Soaring Scam and Fraud Sophistication Remains Top Challenge Threatening to Overwhelm the Global Financial Services Sector • Business Wire • 05/07/2024 01:00:00 PM
- Mitek Named Winner of Coveted Global Information Security Award During RSA Conference 2024 • Business Wire • 05/06/2024 04:00:00 PM
- Seasoned Industry Leader Peter Martis Appointed at ID R&D to Drive Explosive Growth Initiatives • Business Wire • 05/06/2024 01:00:00 PM
- CORRECTING and REPLACING Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results • Business Wire • 04/16/2024 04:07:00 AM
- Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results • Business Wire • 04/15/2024 08:05:00 PM
- Mitek to Report Fiscal 2024 First Quarter Financial Results on April 15, 2024 • Business Wire • 04/12/2024 10:30:00 AM
- Nasdaq Hearings Panel Grants Mitek’s Request for Continued Listing Pending Compliance with Filing Requirement • Business Wire • 04/03/2024 10:10:00 PM
- 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
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
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Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM