Mitek Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
September 14, 2023 at 04:05 pm EDT
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Mitek Systems, Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported revenue was USD 45.31 million compared to USD 33.51 million a year ago. Net income was USD 4.45 million compared to USD 0.435 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.01 a year ago.
For the six months, revenue was USD 91.02 million compared to USD 65.98 million a year ago. Net income was USD 9.18 million compared to USD 3.56 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.08 a year ago.
Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. It is a software development company with expertise in computer vision, artificial intelligence, and machine learning. Its digital technology solutions are provided in two parts: a software development kit for mobile image capture and a cloud software platform which uses artificial intelligence, and machine learning to classify and extract data to enable mobile check deposit as well as aid the authentication of identity documents including passports, identity cards, and driver's licenses using a camera-equipped device. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, CheckReader, Check Fraud Defender, Check Intelligence, Mitek Verified Identity Platform, MiPass, ID_CLOUD, IDLive Face, IDVoice, IDLive Voice and IDLive Doc. The Company serves more than 7,900 financial services organizations and marketplace and financial technology (fintech) brands around the globe.
MITEK SYSTEMS, INC. 
