Mitek Systems: Overview of First Quarter Financial Results
Mitek Systems Reports First Quarter Financial Results
Mitek Systems Inc., headquartered in San Diego, announced a net income of $2.8 million for its fiscal first quarter.
The company’s earnings translated to 6 cents per share. After adjusting for non-recurring items, the earnings per share stood at 26 cents.
During this period, the mobile imaging technology provider generated $44.2 million in revenue.
Looking ahead to the quarter ending in March, Mitek Systems anticipates revenue to fall between $50 million and $55 million.
For the entire fiscal year, the company projects total revenue in the range of $187 million to $197 million.
Financial data for this article was compiled using information from Zacks Investment Research and Automated Insights.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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