Last $3.21 USD
Change Today -0.07 / -2.13%
Volume 197.2K
MITK On Other Exchanges
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Exchange
Berlin
NASDAQ CM
As of 2:56 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

mitek systems inc (MITK) Key Developments

Mitek Systems, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Mitek Systems, Inc. reported unaudited earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported that total revenue was $4.7 million compared to total revenue of $3.9 million in the third quarter of fiscal 2013, driven by continued strong demand for Mitek's Mobile Deposit product. GAAP net loss was $1.6 million, or $0.05 per basic and diluted share, compared to GAAP net loss of $2.1 million, or $0.08 per basic and diluted share in the third quarter of fiscal 2013. Non-GAAP net income was $0.1 million, or $0.00 per diluted share, compared to non-GAAP net loss of $0.7 million, or $0.02 per diluted share, in the third quarter of fiscal 2013. The company reported operating loss of $1.65 million and loss before income taxes of $1.63 million compared to operating loss of $2.06 million and loss before income taxes of $2.05 million reported a year ago. Non-GAAP income before income taxes was $0.14 million compared to loss of $0.65 million reported a year ago. Record quarterly revenue was driven by Mobile Deposit solution. For the nine months, the company reported that total revenue was $13.61 million compared to total revenue of $10.41 million reported a year ago. GAAP net loss was $5.3 million, or $0.17 per share, compared to GAAP net loss of $5.80 million, or $0.22 per share reported a year ago. Non-GAAP net income was $0.038 million, or $0.00 per diluted share, compared to non-GAAP net loss of $2.06 million, or $0.08 per diluted share reported a year ago. The company reported operating loss of $5.34 million and loss before income taxes of $5.29 million compared to operating loss of $5.82 million and loss before income taxes of $5.80 million reported a year ago. Non-GAAP loss before income taxes was $0.036 million compared to $2.06 million reported a year ago.

Mitek Systems, Inc. to Report Q3, 2014 Results on Jul 24, 2014

Mitek Systems, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Jul 24, 2014

Mitek Systems, Inc., Q3 2014 Earnings Call, Jul 24, 2014

Mitek Systems, Inc., Q3 2014 Earnings Call, Jul 24, 2014

Mitek MiSnap Mobile Auto Capture Improves Mobile Deposit User Experience at Ten Financial Institutions

Mitek announced that ten leading financial institutions have now deployed its new mobile auto capture technology, Mitek MiSnap with Mobile Deposit. Mitek MiSnap eliminates user error by providing real-time feedback until a suitable image is detected, at which point it automatically captures the image. This technology is now the mobile capture component of Mitek's award winning Mobile Deposit. The use of mobile check deposit is growing rapidly. The improvement in the user experience as a result of Mitek MiSnap will accelerate the popularity of this low cost, self service deposit channel. Mitek MiSnap is available through Mitek partners including: Cachet, Ensenta, FIS, Fiserv, Fundtech, Jack Henry, NCR, Transcentra and others.

Mitek Systems, Inc.(NasdaqCM:MITK) dropped from Russell 2000 Index

Mitek Systems, Inc. will be removed from the Russell 2000 Index.

 

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