Mitek Systems Inc (MITK) Files 10-K for the Fiscal Year Ended on September 30, 2019

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Dec 07, 2019
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Mitek Systems Inc (MITK, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on September 30, 2019. 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 $294.670 million; its shares were traded at around $7.30 with and P/S ratio of 3.51. GuruFocus has detected 1 severe warning sign with Mitek Systems Inc. .

For the last quarter Mitek Systems Inc reported a revenue of $25.0 million, compared with the revenue of $21.04 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $84.6 million, an increase of 33.1% from last year. For the complete 30-year financial data, please go here.. For the last five years Mitek Systems Inc had an average revenue growth rate of 34.8% a year.

The reported loss per diluted share was 2 cents for the year, an increase of -93.9% from previous year. The Mitek Systems Inc had an operating margin of 7.14%, compared with the operating margin of 0.68% a year before. The 10-year historical median operating margin of Mitek Systems Inc is -3.41%. 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 $16.7 million, compared with $9.03 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 $7.30, Mitek Systems Inc is traded at 40.6% discount to its historical median P/S valuation band of $12.29. The P/S ratio of the stock is 3.51, while the historical median P/S ratio is 5.91. The stock lost 19.78% during the past 12 months.

CFO Recent Trades:

  • CFO Jeffrey C Davison sold 1,840 shares of MITK stock on 11/26/2019 at the average price of $7.38. The price of the stock has decreased by 1.08% since.
  • CFO Jeffrey C Davison sold 680 shares of MITK stock on 11/18/2019 at the average price of $7.18. The price of the stock has increased by 1.67% since.

Directors and Officers Recent Trades:

  • GC, Secretary & Admin Officer Jason Gray sold 2,850 shares of MITK stock on 11/19/2019 at the average price of $7.2. The price of the stock has increased by 1.39% since.
  • General Manager Michael E Diamond sold 17,647 shares of MITK stock on 11/19/2019 at the average price of $7.22. The price of the stock has increased by 1.11% since.
  • Chief Technology Officer Stephen Ritter sold 11,863 shares of MITK stock on 11/19/2019 at the average price of $7.22. The price of the stock has increased by 1.11% since.
  • Chief Technology Officer Stephen Ritter sold 1,425 shares of MITK stock on 11/07/2019 at the average price of $9.48. The price of the stock has decreased by 23% since.
  • GC, Secretary & Admin Officer Jason Gray sold 1,425 shares of MITK stock on 11/07/2019 at the average price of $9.48. The price of the stock has decreased by 23% since.

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