Mitek is a global leader in mobile capture and identity verification software solutions. The Company offers Mobile Deposit, a software that allows users to remotely deposit a check using their camera-equipped smartphones or tablets; Mobile Photo Account Opening, a product, which enables users to open a checking, savings, or credit card account by capturing an image of the front and back of their drivers license; and Mobile Photo Payments, a mobile direct bill pay solution that enables users to pay bills by taking a photo of their bill followed by a photo of the check or credit/debit card being used to pay the bill. It also provides Mobile Photo Bill Pay, a mobile bill payment product, which allows users to pay their bills using their camera-equipped smartphone or tablet; and Mobile Balance Transfer that allows credit card issuers to transfer an existing credit card balance by capturing an image of the users current credit card statement, as well as maintenance and support services.
Company Growth (employees)
Key People at Mitek Systems
Russell C. Clark
Mitek Systems Office Locations
Mitek Systems Data and Metrics
Mitek Systems Financial Metrics
Revenue (Q2, 2017) | 11.4 m |
Net income (Q2, 2017) | 610 k |
EBIT (Q2, 2017) | 1.2 m |
Market capitalization (19-Sep-2017) | 345.4 m |
Cash (31-Mar-2017) | 13 m |
- Source: SEC Filings
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 14.8 m | 19.2 m | 25.4 m | 34.7 m |
Revenue growth, % | 29% | 32% | 37% | |
Cost of goods sold | 1.6 m | 2.1 m | 2.5 m | 3.4 m |
Gross profit | 13.2 m | 17 m | 22.9 m | 31.3 m |
| USD | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|
Revenue | 6.4 m | 7.4 m | 8.5 m | 9.1 m | 9.3 m | 11.4 m |
R&D expense | 1.4 m | 1.7 m | 1.8 m | 1.9 m | 2.5 m | 2.4 m |
General and administrative expense | 1.8 m | 2.1 m | 2.3 m | 2.2 m | 2.2 m | 2.7 m |
Operating expense total | 3.2 m | 3.8 m | 4.1 m | 4.1 m | 4.7 m | 5.1 m |
- Source: SEC Filings
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 23.3 m | 7.8 m | 2.8 m | 9 m |
Accounts Receivable | 1.5 m | 3 m | 3.9 m | 4.9 m |
Current Assets | 31.2 m | 27.7 m | 31.4 m | 40.3 m |
PP&E | 1.6 m | 1.3 m | 975.3 k | 440 k |
| USD | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 9.1 m | 12.8 m | 5.7 m | 2.7 m | 4.4 m | 13.2 m | 5 m | 6.2 m | 13 m |
Accounts Receivable | 2.5 m | 3.5 m | 3 m | 3.8 m | 4.2 m | 2.5 m | 4.6 m | 5.5 m | 5.1 m |
Current Assets | 28.1 m | 31 m | 29.7 m | 28.6 m | 30.5 m | 31.8 m | 31 m | 41.2 m | 42.2 m |
PP&E | 1.4 m | 1.2 m | 1.1 m | 1.1 m | 940.4 k | 867 k | 826 k | 310 k | 474 k |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | (7.3 m) | (5.3 m) | 2.5 m | 2 m |
Depreciation and Amortization | 323.4 k | 470.7 k | 605.7 k | 1.4 m |
Accounts Receivable | (391.5 k) | (1.5 m) | (566.1 k) | (1 m) |
Accounts Payable | 1.2 m | (83.6 k) | (448.8 k) | (222 k) |
| USD | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|
Net Income | 1.6 m | (322.1 k) | 260 k | 999 k | (607 k) | 610 k |
Depreciation and Amortization | 322.1 k | 108.8 k | 218 k | 329 k | 170 k | 216 k |
Accounts Receivable | (432.9 k) | (300.9 k) | 1.4 m | (672 k) | (631 k) | (181 k) |
Accounts Payable | 351.9 k | 74 k | 69 k | (431 k) | 49 k | 510 k |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 109.8 k |
Financial Leverage | 1.2 x |
