Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
03 January 1989Website:
http://www.miteksystems.comNext earnings report:
25 October 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 05 Jul 2024 21:57:59 GMTDividend
Analysts recommendations
Institutional Ownership
MITK Latest News
SAN DIEGO--(BUSINESS WIRE)-- #AIinnovation--Mitek Systems, Inc. (NASDAQ: MITK) has been named winner of the Authentication Innovation Award in the seventh annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global artificial intelligence (AI) market. Mitek's MiPass® represents a significant advancement in biometric authentication technology. Using a unique combination of face and voice.
SAN DIEGO--(BUSINESS WIRE)-- #AIFinTech100--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity and digital fraud prevention announced today its inclusion in the 2024 AIFinTech100. The list, published by FinTech Global, recognizes the world's most innovative AI solution providers for financial services. Finalists were chosen by a panel of industry experts and analysts based on FinTech Global's research of over 2,000 FinTech companies. The solution providers making the list are recognized fo.
Mitek Systems (MITK) reports a 2% increase in revenue in the second quarter of fiscal 2024, driven by strong performance in its product lineup.
Mitek Systems, Inc. (NASDAQ: MITK) Q2 2024 Earnings Conference Call will be held on May 14, 2024 at 5:00 PM ET. The call will feature company representatives Todd Kehrli, Scott Carter, Max Carnecchia, and Dave Lyle, along with conference call participants Mike Grondahl, Jake Roberge, Surinder Thind, Derek Greenberg, and Scott Buck. The operator will facilitate the call, and all participants will be in listen-only mode. Welcome to the Mitek Fiscal 2024 Second Quarter Earnings Conference Call.
According to the FBI and IMF, the worldwide cost of cybercrimes reached $8.44 trillion in 2022, and is projected to rise to $23.84 trillion by 2027.
Mitek Systems (MITK) reports a 19% decrease in revenue in the first quarter of fiscal 2024 compared to the previous year, attributed to challenging year-over-year comparisons.
Mitek Systems, Inc. (NASDAQ: MITK) Q1 2024 Earnings Conference Call on April 15, 2024 at 5:00 PM ET with Todd Kehrli from MKR Investor Relations, Inc., Max Carnecchia as CEO, and Dave Lyle as CFO. Conference call participants include Jake Roberge from William Blair, Mike Grondahl from Northland Securities, Allen Klee from Maxim, Chad Bennett from Craig Hallam, and Scott Buck from HC Wainwright. The operator will begin the call with all participants in listen-only mode.
While making investments, efforts for wealth often resemble strategic gaming; here, picking the right stocks can significantly influence one's financial reach. Amidst the vast options, three stocks are the catalysts for transforming fortunes.
Mitek Systems operates a digital identity verification and mobile deposit platform and trades at a massive discount to software peers. The company is poised for growth in the identity verification market, with sticky customer relationships and a new CFO to improve reporting compliance. Mitek's competitive advantages include proprietary technology, a portfolio of identity solutions, and high customer loyalty.
Mitek Systems operates an identity validation platform as well as other similar identity products. The company's financials have shown rapid growth with a revenue CAGR of 28.8% from FY2013 to FY2022 with profitability. Mitek seems to be undervalued as my DCF model estimates a significant upside for the stock.
What type of business is Mitek Systems?
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.
What sector is Mitek Systems in?
Mitek Systems is in the Technology sector
What industry is Mitek Systems in?
Mitek Systems is in the Software Application industry
What country is Mitek Systems from?
Mitek Systems is headquartered in United States
When did Mitek Systems go public?
Mitek Systems initial public offering (IPO) was on 03 January 1989
What is Mitek Systems website?
https://www.miteksystems.com
Is Mitek Systems in the S&P 500?
No, Mitek Systems is not included in the S&P 500 index
Is Mitek Systems in the NASDAQ 100?
No, Mitek Systems is not included in the NASDAQ 100 index
Is Mitek Systems in the Dow Jones?
No, Mitek Systems is not included in the Dow Jones index
When does Mitek Systems report earnings?
The next expected earnings date for Mitek Systems is 25 October 2024