Mitek Systems

Mitek’s ID document verification allows an enterprise to verify a user’s identity during a mobile transaction, enabling financial institutions, payments companies and other businesses operating in highly regulated markets to transact business safely while increasing revenue from the mobile channel. Mitek also reduces the friction in the mobile users experience with advanced data prefill. These innovative mobile solutions are embedded into the apps of more than 4,500 organizations and used by tens of millions of consumers daily for new account openings, insurance quoting, mobile check deposit and more.
Company Growth (employees)
Type
Public
HQ
San Diego, US
Founded
1985
Size (employees)
104 (est)+36%
Mitek Systems was founded in 1985 and is headquartered in San Diego, US

Key People at Mitek Systems

Russell C. Clark

Russell C. Clark

Chief Financial Officer
Dr. Grigori Neponmniachtchi

Dr. Grigori Neponmniachtchi

Chief Revenue Officer

Mitek Systems Office Locations

Mitek Systems has offices in San Diego, Haarlem and London
San Diego, US (HQ)
8911 Balboa Ave
London, GB
News 3 London Bridge St
Haarlem, NL
44 Tingietersweg

Mitek Systems Data and Metrics

Mitek Systems Financial Metrics

Mitek Systems's revenue was reported to be $34.7 m in 2016 which is a 37% increase from the previous period.
Numbers are in $, USD

Revenue (Y, 2016)

34.7 m

Revenue growth (Y, 2015 - Y, 2016), %

37%

Net income (Y, 2016)

2 m

EBIT (Y, 2016)

1.8 m

Market capitalization (26-May-2017)

277 m

Closing share price (26-May-2017)

8.5

Cash (30-Sep-2016)

9 m
Mitek Systems's current market capitalization is $277 m.
Numbers are in $, USDY, 2015Y, 2016

Revenue

25.4 m34.7 m

Revenue growth, %

37%

Operating expense total

23.5 m32.9 m

EBIT

1.9 m1.8 m

EBIT margin, %

7%5%

Pre tax profit

2 m2 m

Income tax expense

(543 k)1 k

Net Income

2.5 m2 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

23.3 m7.8 m2.8 m9 m

Accounts Receivable

1.5 m3 m3.9 m4.9 m

Inventories

Current Assets

31.2 m27.7 m31.4 m40.3 m

PP&E

1.6 m1.3 m975.3 k440 k

Goodwill

2.9 m2.9 m

Total Assets

32.9 m31.1 m38.7 m48.4 m

Accounts Payable

1.9 m1.8 m1.5 m1.3 m

Current Liabilities

5.8 m6.2 m7.4 m8.3 m

Additional Paid-in Capital

56.4 m59.9 m63.9 m71 m

Retained Earnings

(30.7 m)(36 m)(33.5 m)(31.5 m)

Total Equity

25.7 m23.9 m30.4 m39.5 m

Financial Leverage

1.3 x1.3 x1.3 x1.2 x
Numbers are in $, 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)

Inventories

Accounts Payable

1.2 m(83.6 k)(448.8 k)(222 k)

Cash From Operating Activities

(615.1 k)(2.5 m)6.1 m7.9 m

Purchases of PP&E

(1.5 m)(135.5 k)(73.1 k)(250 k)

Cash From Investing Activities

570.9 k(13.1 m)(11.3 m)(3.3 m)

Cash From Financing Activities

16.6 m51.4 k225.5 k1.7 m

Interest Paid

8.1 k6.1 k3.9 k1 k

Income Taxes Paid

1.1 k2.2 k104.9 k17 k
Y, 2016

Financial Leverage

1.2 x

Mitek Systems Market Value History

Mitek Systems Online and Social Media Presence

Mitek Systems Company Life and Culture

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