Mitek Systems

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 driver’s 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 user’s current credit card statement, as well as maintenance and support services. 

Company Growth (employees)
Type
Public
HQ
San Diego, US
Founded
1985
Size (employees)
104 (est)
Mitek Systems was founded in 1985 and is headquartered in San Diego, US

Key People/Management at Mitek Systems

Russell C. Clark

Russell C. Clark

Chief Financial Officer

Mitek Systems Office Locations

Mitek Systems has offices in San Diego, Haarlem and London
San Diego, US (HQ)
600 B St
London, GB
3 London Bridge St
Haarlem, NL
44 Tingietersweg

Mitek Systems Financials and Metrics

Mitek Systems Financials

Mitek Systems's revenue was reported to be $34.7 m in FY, 2016
USD

Revenue (Q3, 2017)

11.8 m

Net income (Q3, 2017)

616 k

EBIT (Q3, 2017)

484 k

Market capitalization (13-Nov-2017)

320.5 m

Cash (30-Jun-2017)

9.3 m
Mitek Systems's current market capitalization is $320.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

14.8 m19.2 m25.4 m34.7 m

Revenue growth, %

29%32%37%

Cost of goods sold

1.6 m2.1 m2.5 m3.4 m

Gross profit

13.2 m17 m22.9 m31.3 m
USDQ1, 2014Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

4.5 m6.4 m7.4 m8.5 m9.1 m9.3 m11.4 m11.8 m

R&D expense

1.5 m1.4 m1.7 m1.8 m1.9 m2.5 m2.4 m2.7 m

General and administrative expense

2 m1.8 m2.1 m2.3 m2.2 m2.2 m2.7 m3.4 m

Operating expense total

5.9 m6.1 m7.7 m7.9 m8.4 m9.9 m10.2 m11.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

23.3 m7.8 m2.8 m9 m

Accounts Receivable

1.5 m3 m3.9 m4.9 m

Current Assets

31.2 m27.7 m31.4 m40.3 m

PP&E

1.6 m1.3 m975.3 k440 k
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

10.2 m7.9 m9.1 m12.8 m5.7 m2.7 m4.4 m13.2 m5 m6.2 m13 m9.3 m

Accounts Receivable

2.9 m3.1 m2.5 m3.5 m3 m3.8 m4.2 m2.5 m4.6 m5.5 m5.1 m6.4 m

Current Assets

26.8 m30 m28.1 m31 m29.7 m28.6 m30.5 m31.8 m31 m41.2 m42.2 m46 m

PP&E

1.5 m1.5 m1.4 m1.2 m1.1 m1.1 m940.4 k867 k826 k310 k474 k546 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(7.3 m)(5.3 m)2.5 m2 m

Depreciation and Amortization

323.4 k470.7 k605.7 k1.4 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)
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(1.5 m)1.6 m(322.1 k)260 k999 k(607 k)610 k1.2 m

Depreciation and Amortization

116.2 k322.1 k108.8 k218 k329 k170 k216 k267 k

Accounts Receivable

(1.4 m)(432.9 k)(300.9 k)1.4 m(672 k)(631 k)(181 k)(1.4 m)

Accounts Payable

(335.7 k)351.9 k74 k69 k(431 k)49 k510 k507 k
USDY, 2017

Revenue/Employee

113.4 k

Financial Leverage

1.2 x
Show all financial metrics

Mitek Systems Operating Metrics

Mitek Systems's Users was reported to be 80 m in FY, 2017. Mitek Systems's Enterprise Customers was reported to be 5.6 k in FY, 2017
FY, 2014FY, 2015FY, 2016FY, 2016FY, 2017May, 2017

Patents (US)

20222930

Patents Pending

2316

Enterprise Customers

3.03 k4.5 k5.4 k5.6 k

Patents (foreign)

21
Show all operating metrics

Mitek Systems Market Value History

Mitek Systems's Web-traffic and Trends

Mitek Systems Online and Social Media Presence

Mitek Systems Company Life and Culture

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