Mitek Systems (Mitek Systems) Operating Margin %

: -18.60% (As of Dec. 2023)

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Operating Margin % is calculated as Operating Income divided by its Revenue. Mitek Systems's Operating Income for the three months ended in Dec. 2023 was $-6.9 Mil. Mitek Systems's Revenue for the three months ended in Dec. 2023 was $36.9 Mil. Therefore, Mitek Systems's Operating Margin % for the quarter that ended in Dec. 2023 was -18.60%.

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

MITK' s Operating Margin % Range Over the Past 10 Years
Min: -28.24 Med: 6.78 Max: 11.08
Current: 0.4

MITK's Operating Margin % is ranked worse than
57.07% of 2760 companies
in the Software industry
Industry Median: 3.065 vs MITK: 0.40

Mitek Systems's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Mitek Systems's Operating Income for the three months ended in Dec. 2023 was $-6.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $0.7 Mil.

Mitek Systems Operating Margin % Historical Data

The historical data trend for Mitek Systems's Operating 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 Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Operating Margin %

-1.80

8.64

11.08

9.67

10.25

Mitek Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Margin %																22.21	19.29	4.19	-8.43	-18.60

Competitive Comparison

For the Software - Application subindustry, Mitek Systems's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % Distribution

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

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

Mitek Systems Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

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

Operating Margin %	=	Operating Income (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	17.678	/	172.552
	=	10.25 %

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

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-6.868	/	36.917
	=	-18.60 %

Mitek Systems (NAS:MITK) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.

Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Mitek Systems Operating Margin % Related Terms

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Mitek Systems (Mitek Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mitek Systems Inc (NAS:MITK) » Definitions » Operating Margin %

Comparable Companies

Traded in Other Exchanges

MKQ:Germany MKQ:Germany

Address

600 B Street, Suite 100, San Diego, CA, USA, 92101

Website

https://www.miteksystems.com

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