Mitek Systems
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Mitek Systems

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    • Technologyenterprise softwareidentity verificationmobile

    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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    Revenue(FY, 2017)
    $45.4 B
    Market capitalization(2018-04-20)
    $271.3 M
    Enterprise Customers(Q4, 2017)
    5.9 K
    Type
    Public
    HQ
    San Diego, US
    Founded
    1985
    Size (employees)
    141 (est)+36%
    Website
    miteksystems.com
    Mitek Systems was founded in 1985 and is headquartered in San Diego, US
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    Key People/Management at Mitek Systems

    Russell C. Clark

    Russell C. Clark

    Chief Financial Officer

    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
    Show all (3)
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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 (Q1, 2018)

    		12.1 m

    Net income (Q1, 2018)

    		(5.7 m)

    EBIT (Q1, 2018)

    		(2.3 m)

    Market capitalization (20-Apr-2018)

    		271.3 m

    Cash (31-Dec-2017)

    		6.3 m
    Mitek Systems's current market capitalization is $271.3 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, 2018

    Revenue

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

    Sales and marketing expense

    		4.8 m

    General and administrative expense

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

    R&D expense

    		1.5 m1.4 m1.7 m1.8 m1.9 m2.5 m2.4 m2.7 m3.3 m
    show all
    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, 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 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 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 m

    PP&E

    		1.5 m1.5 m1.4 m1.2 m1.1 m1.1 m940.4 k867 k826 k310 k474 k546 k833 k
    show all
    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, 2018

    Net Income

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

    Depreciation and Amortization

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

    Accounts Payable

    		(335.7 k)351.9 k74 k69 k(431 k)49 k510 k507 k307 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 m
    show all
    USDY, 2017

    Revenue/Employee

    		86.1 k

    Financial Leverage

    		1.2 x
    Show all financial metrics

    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
    Show all operating metrics
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    Competitors

    Immersion
    Technology - Public
    Yoti
    Technology - Private
    Aimbrain
    Technology - Private
    Telesign Corporation
    Technology - Subsidiary
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    Mitek Systems News and Updates

    April 01, 2018

    Mitek Systems - Growing Importance Of Identity Products

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