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Mitek Systems reports Q1 profit of $4.7 million, surpasses analysts' expectations

EditorRachael Rajan
Published 2023-09-05, 05:54 p/m
MITK
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San Diego-based Mitek Systems Inc. (NASDAQ:MITK) reported a profit of $4.7 million for its fiscal first quarter on Tuesday. On a per-share basis, the company recorded a profit of 10 cents, with earnings adjusted for one-time gains and costs amounting to 31 cents per share.

The mobile imaging software company also posted a revenue of $45.7 million for the period, exceeding the forecasts of Wall Street. Three analysts surveyed by Zacks had expected a revenue of $43.4 million.

Looking ahead, Mitek Systems projects full-year revenue to be in the range of $169 million to $171 million. This information was generated using data from Zacks Investment Research, providing an insightful look into the company's financial performance and future expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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