Mitek Systems (MITK) Tops Q1 EPS by 1c, Revenues Beat

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Go back to Mitek Systems (MITK) Tops Q1 EPS by 1c, Revenues Beat

Mitek Reports 18% Revenue Growth in Record First Quarter

January 28, 2021 4:05 PM EST

SAN DIEGO, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identify verification solutions, today reported record financial results for its first quarter of fiscal 2021 ended December 31, 2020. Total first quarter revenue increased 18% year over year fueled by an increase in demand for both mobile deposit and identity verification solutions as commerce increasingly shifts to digital channels.

Fiscal First Quarter 2021 Financial Highlights

Total revenue increased 18% year over year to $26.0 million in a record first quarter.GAAP net income was $2.2 million, or $0.05... More