Mitek Systems (Mitek Systems) Gross Profit : $140.4 Mil (TTM As of Dec. 2023)

Mitek Systems Gross Profit Chart

Mitek Systems Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Gross Profit		Get a 7-Day Free Trial					72.32	88.12	105.26	124.80	149.60

Mitek Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															40.63	40.23	37.36	31.38	31.38

Competitive Comparison of Mitek Systems's Gross Profit

For the Software - Application subindustry, Mitek Systems's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Mitek Systems's Gross Profit distribution charts can be found below:

* The bar in red indicates where Mitek Systems's Gross Profit falls into.

Mitek Systems Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

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

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

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $140.4 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

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

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Mitek Systems  (NAS:MITK) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Mitek Systems had a gross margin of 85.01% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Mitek Systems Gross Profit Related Terms

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Mitek Systems (Mitek Systems) Business Description