Last $2.67 USD
Change Today -0.10 / -3.61%
Volume 360.4K
MITK On Other Exchanges
As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

mitek systems inc (MITK) Snapshot

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52 Week High
11/29/13 - $7.11
52 Week Low
08/18/14 - $2.15
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mitek systems inc (MITK) Details

Mitek Systems, Inc. develops, sells, and services software solutions related to mobile imaging in the Unites States. It offers Mobile Deposit, a software application that allows users to remotely deposit a check using their camera-equipped smartphones or tablets; Mobile Photo Bill Pay, a mobile bill payment product that allows users to pay their bills using their camera-equipped smartphone or tablet; and Mobile Balance Transfer that allows credit card issuers to transfer an existing credit card balance by capturing an image of the user’s current credit card statement. The company also provides Mobile Photo Account Opening, a product that enables users to open a checking, savings, or credit card account by capturing an image of the front and back of their driver’s license; and Mobile Photo Quoting, which enables users to receive insurance quotes. Mitek Systems, Inc. markets and sells its mobile imaging software solutions through channel partners or directly to enterprise customers. The company was founded in 1983 and is headquartered in San Diego, California.

65 Employees
Last Reported Date: 12/12/13
Founded in 1983

mitek systems inc (MITK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $399.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $231.8K
Chief Revenue Officer
Total Annual Compensation: $175.0K
Chief Marketing Officer
Total Annual Compensation: $57.7K
Compensation as of Fiscal Year 2013.

mitek systems inc (MITK) Key Developments

Mitek Appoints Fritz Hesse as Interim Vice President of Engineering

Mitek announced that it has appointed Fritz Hesse as interim Vice President of Engineering. Hesse joined Mitek in 2011 as a Vice President in the R&D organization. He has been instrumental in the development of Mobile Deposit(R) and most recently spearheaded the launch of the Mitek Developer program. He has more than twenty years of engineering experience. Prior to Mitek, Hesse served as VP of Engineering at Intuit and PeopleSoft. Hesse will continue to work alongside Chief Scientist, Grigori Nepomniachtchi, and with the rest of Mitek's team of scientists, engineers and developers. His experience and familiarity with the technology will enable Mitek to maintain R&D momentum while seeking a CTO to further its capabilities in mobile imaging for financial transactions and identity.

Michael Strange Leaves as Chief Technology Officer of Mitek Systems

Michael Strange, Chief Technology Officer of Mitek Systems, Inc., left the company, effective August 15, 2014, to pursue other opportunities.

Mitek Enhances Mobile Imaging Platform

Mitek announced enhancements to its mobile imaging platform that advance its account opening, deposit and payment capabilities. New capabilities include: Credit card scanning for payments: Those wanting to offer mobile credit/debt card payments can now give their customers the option to scan a card using Mitek MiSnap, automatic capture technology. Card number is then prefilled into the app. ID cards for account opening: Financial services companies can now allow consumers with a state issued ID card to apply for credit card, open an account, get quote and originate a loan by scanning the ID. ADA compliance: Integration with Android TalkBack and iOS VoiceOver enables visually impaired consumers to take advantage of mobile imaging enabled services. Multi-Language support: Mitek's mobile capture now supports multiple languages to serve a more diverse customer base.


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Price/Earnings NM Not Meaningful
Price/Sales 4.7x
Price/Book 3.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.3x

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