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Mitek Systems (Mitek Systems) FCF Margin % : -26.29% (As of Dec. 2023)


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What is Mitek Systems FCF Margin %?

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Mitek Systems's Free Cash Flow for the three months ended in Dec. 2023 was $-9.7 Mil. Mitek Systems's Revenue for the three months ended in Dec. 2023 was $36.9 Mil. Therefore, Mitek Systems's FCF Margin % for the quarter that ended in Dec. 2023 was -26.29%.

As of today, Mitek Systems's current FCF Yield % is 2.66%.

The historical rank and industry rank for Mitek Systems's FCF Margin % or its related term are showing as below:

MITK' s FCF Margin % Range Over the Past 10 Years
Min: -13.6   Med: 19.81   Max: 30.01
Current: 9.61


During the past 13 years, the highest FCF Margin % of Mitek Systems was 30.01%. The lowest was -13.60%. And the median was 19.81%.

MITK's FCF Margin % is ranked better than
73.05% of 2772 companies
in the Software industry
Industry Median: 1.205 vs MITK: 9.61


Mitek Systems FCF Margin % Historical Data

The historical data trend for Mitek Systems's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mitek Systems FCF Margin % Chart

Mitek Systems Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.59 23.02 30.01 13.81 17.71

Mitek Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.17 13.19 37.77 8.22 -26.29

Competitive Comparison of Mitek Systems's FCF Margin %

For the Software - Application subindustry, Mitek Systems's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mitek Systems's FCF Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Mitek Systems's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Mitek Systems's FCF Margin % falls into.



Mitek Systems FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Mitek Systems's FCF Margin for the fiscal year that ended in Sep. 2023 is calculated as

FCF Margin=Free Cash Flow (A: Sep. 2023 )/Revenue (A: Sep. 2023 )
=30.552/172.552
=17.71 %

Mitek Systems's FCF Margin for the quarter that ended in Dec. 2023 is calculated as

FCF Margin=Free Cash Flow (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-9.704/36.917
=-26.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mitek Systems FCF Margin % Related Terms

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Mitek Systems (Mitek Systems) Business Description

Traded in Other Exchanges
Address
600 B Street, Suite 100, San Diego, CA, USA, 92101
Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It is serving more than 7,800 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.
Executives
Christopher H Briggs other: SVP Identity 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Michael E Diamond other: General Manager 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Scipio Maximus Carnecchia director, officer: CEO & Director C/O MITEK SYSTEMS, INC., 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Fuad Ahmad officer: Interim CFO 461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Frank Teruel officer: CFO 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Stephen Ritter officer: Chief Technology Officer 600 B STREET SUITE 100, SAN DIEGO CA 92101
Jason Gray officer: GC, Secretary & Admin Officer 600 B STREET SUITE 100, SAN DIEGO CA 92101
Scott Adam Marcus officer: General Counsel 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Rahul Gupta director 255 FISERV DRIVE, BROOKFIELD WI 53045
Susan Repo director 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Scott R Carter director 8911 BALBOA AVENUE, SUITE B, SAN DIEGO CA 92123
William K Aulet director 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Jeffrey C Davison officer: Chief Financial Officer 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Jane J. Thompson director 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Alex W Hart director 600 B STREET, SUITE 100, SAN DIEGO CA 92101