Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
Company profile
Ticker
MITK
Exchange
Website
CEO
Mr. Scott R. Carter
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
ALICO INC
SEC CIK
Corporate docs
Subsidiaries
A2iA Corp. • A2iA LLC • A2iA SAS • HooYu Ltd. • ICAR Mexico • ICAR Sistemas Informaticos e de Identificacao LTDA • ICAR Vision Systems, S.L. • IDChecker, Inc. • ID R&D, Inc. • Mitek Holding B.V. ...
IRS number
870418827
MITK stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Mitek Appoints Edward H. West as CEO
1 Oct 24
8-K
Submission of Matters to a Vote of Security Holders
13 Sep 24
ARS
2023 FY
Annual report to shareholders
14 Aug 24
DEF 14A
Definitive proxy
14 Aug 24
8-K
Mitek Reports Fiscal 2024 Third Quarter Financial Results
8 Aug 24
10-Q
2024 Q3
Quarterly report
8 Aug 24
8-K
Departure of Directors or Certain Officers
11 Jun 24
8-K/A
Departure of Directors or Certain Officers
5 Jun 24
8-K
Mitek Reports Fiscal 2024 Second Quarter Financial Results and Reiterates 2024 Fiscal Full Year Guidance
13 May 24
10-Q
2024 Q2
Quarterly report
10 May 24
Transcripts
MITK
Earnings call transcript
2024 Q3
8 Aug 24
MITK
Earnings call transcript
2024 Q2
13 May 24
MITK
Earnings call transcript
2024 Q1
15 Apr 24
MITK
Earnings call transcript
2023 Q4
19 Mar 24
MITK
Earnings call transcript
2023 Q3
26 Oct 23
MITK
Earnings call transcript
2023 Q2
14 Sep 23
MITK
Earnings call transcript
2022 Q4
29 Jun 23
MITK
Earnings call transcript
2022 Q4
29 Jun 23
MITK
Earnings call transcript
2022 Q3
29 Jul 22
MITK
Earnings call transcript
2022 Q2
28 Apr 22
Latest ownership filings
Financial summary
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Annual (USD) | Sep 23 | Sep 22 | Sep 21 | Sep 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 84.35 mm | 84.35 mm | 84.35 mm | 84.35 mm | 84.35 mm | 84.35 mm |
Cash burn (monthly) | (no burn) | 261.58 k | (no burn) | 806.00 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | 982.26 k | n/a | 3.03 mm | n/a | n/a |
Cash remaining | n/a | 83.37 mm | n/a | 81.32 mm | n/a | n/a |
Runway (months of cash) | n/a | 318.7 | n/a | 100.9 | n/a | n/a |
Institutional ownership, Q2 2024
95.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 160 |
Opened positions | 32 |
Closed positions | 31 |
Increased positions | 59 |
Reduced positions | 43 |
13F shares | Current |
---|---|
Total value | 375.08 bn |
Total shares | 43.90 mm |
Total puts | 218.80 k |
Total calls | 429.10 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
BLK BlackRock | 3.84 mm | $42.96 bn |
Vanguard | 3.59 mm | $40.09 bn |
Blue Grotto Capital | 3.17 mm | $35.46 bn |
Go Etf Solutions | 2.99 mm | $53.13 mm |
LGEN Legal & General | 2.85 mm | $31.85 bn |
Legal & General Investment Management | 2.74 mm | $0.00 |
Toronado Fund | 2.38 mm | $24.69 mm |
Independent Advisor Alliance | 1.89 mm | $21.15 bn |
Dimensional Fund Advisors | 1.66 mm | $18.53 bn |
STT State Street | 1.26 mm | $14.07 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Oct 24 | Hale James C Iii | Common Stock | Option exercise | Acquire M | No | No | 2.66 | 40,000 | 106.40 k | 237,545 |
11 Oct 24 | Hale James C Iii | Stock Option Common Sock | Option exercise | Dispose M | No | No | 2.66 | 40,000 | 106.40 k | 0 |
1 Oct 24 | Edward H West | Common Sock | Grant | Acquire A | No | No | 0 | 187,427 | 0.00 | 187,427 |
1 Oct 24 | Edward H West | RSU Common Sock | Grant | Acquire A | No | No | 0 | 230,103 | 0.00 | 977,939 |
1 Oct 24 | Edward H West | RSU Common Sock | Grant | Acquire A | No | No | 0 | 747,836 | 0.00 | 747,836 |
10 Sep 24 | Rahul Gupta | Common Stock | Grant | Acquire A | No | No | 8.1 | 20,988 | 170.00 k | 47,154 |
10 Sep 24 | Hale James C Iii | Common Stock | Grant | Acquire A | No | No | 8.1 | 20,988 | 170.00 k | 197,545 |
News
Mitek Systems Appoints Ed West As CEO And A Member Of Board, Effective Immediately
1 Oct 24
Mitek Systems Stockholders, Hammana Partners, Issued Letter Encouring Others To Vote Against Re-Election Of All Six Board Directors
5 Sep 24
Where Mitek Systems Stands With Analysts
4 Sep 24
Jefferies Downgrades Mitek Systems to Hold, Lowers Price Target to $9.5
4 Sep 24
HC Wainwright & Co. Maintains Buy on Mitek Systems, Lowers Price Target to $11
12 Aug 24
Press releases
Mitek Appoints Edward H. West as CEO
1 Oct 24
Mitek Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
1 Oct 24
Concerned Stockholder Group Votes Against the Re-Election of Mitek Systems' Board of Directors
5 Sep 24
Alogent and Mitek Announce Partnership to Tackle Ballooning Check Fraud Epidemic
21 Aug 24
Mitek's Check Fraud DefenderTM Clinches Top Honor with Datos Insights' Impact Awards for Pioneering Innovation in Transaction Fraud Monitoring and Decisioning
20 Aug 24