Mitek Reports 25% Revenue Growth in First Quarter of Fiscal 2017

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Go back to Mitek Reports 25% Revenue Growth in First Quarter of Fiscal 2017

Mitek Systems (MITK) PT Lowered to $8 at Needham & Company Following 1Q Report

February 2, 2017 2:16 PM EST

Needham & Company lowered its price target on Mitek Systems (NASDAQ: MITK) to $8.00 (from $9.50) while maintaining a Buy rating following the company's 1Q earnings report. Revenue grew 25% y/y to $9.3M in Q1 which was driven in part by strong deposit trends and growth in on-prem ID... More

Mitek Systems (MITK) Reports In-Line Q1 EPS

February 2, 2017 8:34 AM EST

Mitek Systems (NASDAQ: MITK) reported Q1 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $9.3 million versus the consensus estimate of $8.74 million.

Commenting on the results, James DeBello, Chairman and CEO of Mitek, said: "Our... More