Mitek Systems, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2019
January 31, 2020 at 02:41 am IST
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Mitek Systems, Inc. announced earnings results for the first quarter ended December 31, 2019. For the first quarter, the company announced total revenue was USD 22.067 million compared to USD 17.683 million a year ago. Operating income was USD 298,000 compared to operating loss of USD 4.560 million a year ago. Net income was USD 560 million compared to net loss of USD 3.191 million a year ago. Basic earnings per share was USD 0.01 compared to basic loss per share of USD 0.08 a year ago.
Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. It is a software development company with expertise in computer vision, artificial intelligence, and machine learning. Its digital technology solutions are provided in two parts: a software development kit for mobile image capture and a cloud software platform which uses artificial intelligence, and machine learning to classify and extract data to enable mobile check deposit as well as aid the authentication of identity documents including passports, identity cards, and driver's licenses using a camera-equipped device. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, CheckReader, Check Fraud Defender, Check Intelligence, Mitek Verified Identity Platform, MiPass, ID_CLOUD, IDLive Face, IDVoice, IDLive Voice and IDLive Doc. The Company serves more than 7,900 financial services organizations and marketplace and financial technology (fintech) brands around the globe.
MITEK SYSTEMS, INC. 
