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. 

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Type
Public
HQ
San Diego, US
Founded
1985
Size (employees)
141 (est)+36%
Mitek Systems was founded in 1985 and is headquartered in San Diego, US
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Key People/Management at Mitek Systems

James B. DeBello

James B. DeBello

CEO, President and Chairman
Jeff Davison

Jeff Davison

CFO
Kalle Marsal

Kalle Marsal

COO
Stephen Ritter

Stephen Ritter

Chief Technology Officer
Jason Gray

Jason Gray

General Counsel
Sanjay Gupta

Sanjay Gupta

VP, General Manager, Corporate Development
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Mitek Systems Office Locations

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

Mitek Systems Financials

Mitek Systems's revenue was reported to be $45.39 b in FY, 2017
USD

Revenue (Q2, 2018)

26.4 m

Net income (Q2, 2018)

(6.9 m)

EBIT (Q2, 2018)

(3.6 m)

Market capitalization (22-Jun-2018)

331.3 m

Closing share price (22-Jun-2018)

9.5

Cash (31-Mar-2018)

25.2 m
Mitek Systems's current market capitalization is $331.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

14.8 m19.2 m25.4 m34.7 m45.4 b

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
Quarterly
USDQ1, 2014Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

4.5 m6.4 m7.4 m8.5 m9.1 m9.3 m11.4 m11.8 m12.1 m26.4 m

Sales and marketing expense

4.8 m10.1 m

General and administrative expense

2 m1.8 m2.1 m2.3 m2.2 m2.2 m2.7 m3.4 m3.5 m7.3 m

R&D expense

1.5 m1.4 m1.7 m1.8 m1.9 m2.5 m2.4 m2.7 m3.3 m6.8 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

23.3 m7.8 m2.8 m9 m12.3 m

Accounts Receivable

1.5 m3 m3.9 m4.9 m7.1 m

Current Assets

31.2 m27.7 m31.4 m40.3 m50.9 m

PP&E

1.6 m1.3 m975.3 k440 k613 k
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

10.2 m7.9 m9.1 m12.8 m5.7 m2.7 m4.4 m13.2 m5 m6.2 m13 m9.3 m6.3 m25.2 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 m5.7 m7.8 m

Current Assets

26.8 m30 m28.1 m31 m29.7 m28.6 m30.5 m31.8 m31 m41.2 m42.2 m46 m47.1 m55.5 m

PP&E

1.5 m1.5 m1.4 m1.2 m1.1 m1.1 m940.4 k867 k826 k310 k474 k546 k833 k2.3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(7.3 m)(5.3 m)2.5 m2 m14.1 m

Depreciation and Amortization

323.4 k470.7 k605.7 k1.4 m322 k

Accounts Payable

1.2 m(83.6 k)(448.8 k)(222 k)593 k

Cash From Operating Activities

(615.1 k)(2.5 m)6.1 m7.9 m10.4 m
Quarterly
USDQ1, 2014Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(1.5 m)1.6 m(322.1 k)260 k999 k(607 k)610 k1.2 m(5.7 m)(6.9 m)

Depreciation and Amortization

116.2 k322.1 k108.8 k218 k329 k170 k216 k267 k91 k200 k

Accounts Payable

(335.7 k)351.9 k74 k69 k(431 k)49 k510 k507 k307 k(367 k)

Cash From Operating Activities

(1.5 m)4.2 m1 m5.2 m5.3 m(1.2 m)4.4 m7.2 m2.6 m3.6 m
USDY, 2018

Financial Leverage

1.3 x
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Mitek Systems Operating Metrics

Mitek Systems's Enterprise Customers was reported to be 5.9 k in Q4, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017Jun, 2017Q4, 2017

Enterprise Customers

3.03 k4.50 k5.40 k5.60 k5.90 k

Patents (US)

20 22 29 30

Patents Pending

23 16

Trademarks

19
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Mitek Systems Online and Social Media Presence

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Mitek Systems News and Updates

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