Mitek Systems Inc (MITK) Files 10-K for the Fiscal Year Ended on September 30, 2018

Mitek Systems Inc (MITK, Financial) files its latest 10-K with SEC for the fiscal year ended on September 30, 2018. Mitek Systems Inc offers mobile capture and identity verification software solutions for enterprises. The company through its mobile and imaging technology provides products such as Mobile Verify, Mobile Docs, Mobile Deposit, and Multi Check Capture. Mitek Systems Inc has a market cap of $400.111 million; its shares were traded at around $10.54 with and P/S ratio of 6.77.

For the last quarter Mitek Systems Inc reported a revenue of $21.0 million, compared with the revenue of $12.90 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $63.6 million, an increase of 40% from last year. For the last five years Mitek Systems Inc had an average revenue growth rate of 33.8% a year.

The reported loss per diluted share was 33 cents for the year, compared with the earnings per share of $0.06 in the previous year. The Mitek Systems Inc had an operating margin of -12.28%, compared with the operating margin of 6.1% a year before. The 10-year historical median operating margin of Mitek Systems Inc is -10.96%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Mitek Systems Inc has the cash and cash equivalents of $9.09 million, compared with $12.3 million in the previous year. The company had no long term debt. Mitek Systems Inc has a financial strength rank of 10 (out of 10).

At the current stock price of $10.54, Mitek Systems Inc is traded at 15.4% premium to its historical median P/S valuation band of $9.13. The P/S ratio of the stock is 6.77, while the historical median P/S ratio is 5.87. The stock gained 22.92% during the past 12 months.

CEO Recent Trades:

  • Former CEO James B Debello sold 50,000 shares of MITK stock on 11/21/2018 at the average price of $9.46. The price of the stock has increased by 11.42% since.
  • Former CEO James B Debello sold 42,308 shares of MITK stock on 11/19/2018 at the average price of $9.41. The price of the stock has increased by 12.01% since.

CFO Recent Trades:

  • CFO Jeffrey C Davison sold 611 shares of MITK stock on 11/16/2018 at the average price of $9.4. The price of the stock has increased by 12.13% since.

Directors and Officers Recent Trades:

  • Chief Technology Officer Stephen Ritter sold 12,198 shares of MITK stock on 11/19/2018 at the average price of $9.41. The price of the stock has increased by 12.01% since.
  • General Manager Michael E Diamond sold 12,102 shares of MITK stock on 11/19/2018 at the average price of $9.41. The price of the stock has increased by 12.01% since.
  • GC, Secretary & Admin Officer Jason Gray sold 2,925 shares of MITK stock on 11/19/2018 at the average price of $9.4. The price of the stock has increased by 12.13% since.
  • COO Karel J. Marsal sold 10,639 shares of MITK stock on 11/19/2018 at the average price of $9.41. The price of the stock has increased by 12.01% since.

For the complete 20-year historical financial data of MITK, click here.