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Mitek Sys Inc - MITK STOCK NEWS

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Mitek Systems, Inc. (NASDAQ: MITK) is a global leader in mobile capture and digital identity verification solutions driven by advancements in artificial intelligence and machine learning. Serving over 7,800 financial services organizations and leading fintech brands globally, Mitek's innovative solutions are integrated into the apps of more than 6,100 enterprises and used by over 80 million consumers.

Mitek specializes in developing proprietary software solutions that enhance digital transactions. The firm's core products include Mobile Deposit, which allows consumers to deposit checks using their mobile devices, and Mobile Verify, which verifies user identities online, aiding organizations in building safer digital communities. Additionally, Mitek's CheckReader automatically extracts data from check images received through various deposit channels such as branches, ATMs, RDC, and mobile.

By offering advanced identity verification solutions, Mitek assists financial institutions, payment companies, and businesses in highly regulated markets to mitigate financial risk and comply with regulatory requirements. The company also enhances user experience through advanced data prefill and automation of the onboarding process.

To learn more about Mitek Systems, Inc. and stay updated with the latest news, visit www.miteksystems.com.

Rhea-AI Summary
Mitek (MITK) plans to release its fiscal 2024 first quarter financial results on April 15, 2024. They will host a conference call to discuss the results and publish an earnings press release on the same day. Investors can access the call and webcast through the company's website.
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DataVisor partners with Mitek to enhance check fraud protection offerings for financial institutions by integrating Mitek's Check Fraud Defender with DataVisor's advanced AI and machine learning capabilities. The collaboration aims to provide real-time check fraud detection, minimize fraud losses, and increase operational efficiencies for FIs.
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Mitek Systems, Inc. (MITK) received a decision from the Nasdaq Hearings Panel granting continued listing on the Nasdaq Capital Market, subject to filing the Q1 Form 10-Q by April 15, 2024, to comply with the Listing Rule. The company faced delisting due to not filing the Form 10-K on time.
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Mitek Systems, Inc. reports a 19% increase in total revenue for fiscal 2023, with strong financial performance and profitability. The company reiterates guidance for fiscal 2024, showcasing growth drivers and commitment to innovation.
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Mitek faces a delay in filing its Annual Report on Form 10-K due to transmittal issues with the SEC's EDGAR filing system. The company is working to resolve the problem and plans to proceed with an earnings release and call to discuss its fiscal 2023 fourth quarter and full-year financial results.
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Mitek (MITK) to file its Annual Report on Form 10-K for fiscal year 2023, hosting a conference call to discuss financial results and earnings press release on March 19, 2024.
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Mitek Systems, Inc. (NASDAQ: MITK) launches MiControl, a fraud management console enhancing check fraud detection. MiControl boosts productivity by sixfold, reduces losses, and enhances online security for consumers.
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Mitek Systems, Inc. received a Staff Determination from Nasdaq due to delays in filing financial reports, risking delisting. The Company plans to appeal and aims to regain compliance by filing the necessary reports.
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Mitek Systems, Inc. (MITK) has been appointed to the Digital ID & Authentication Council of Canada (DIACC), a non-profit coalition focused on developing a Canadian framework for digital identification and authentication. The appointment reflects Mitek's commitment to digital trust capabilities and aligns with DIACC's mission to enhance privacy and security in the global digital economy. The PR highlights the increasing digital fraud attempts in Canada, emphasizing the importance of DIACC's work in combating fraud and cybercrime. Mitek's involvement in this initiative showcases its dedication to contributing technological expertise and experience to further digital identity goals in Canada and beyond.
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Mitek Systems, Inc. (NASDAQ: MITK) has been granted an extension of the automatic stay of suspension of its common stock from The Nasdaq Stock Market LLC, pending a hearing scheduled for March 19, 2024, and a final determination regarding the Company’s listing status. The company is subject to a Mandatory Panel Monitor until November 6, 2024, requiring prompt delisting determination if it fails to comply with Nasdaq Listing Rule 5250(c). Mitek intends to appeal a delisting determination due to its failure to file the Form 10-K with the SEC and anticipates delays in filing its Quarterly Report on Form 10-Q for the period ended December 31, 2023.
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FAQ

What is the current stock price of Mitek Sys (MITK)?

The current stock price of Mitek Sys (MITK) is $9.37 as of February 28, 2025.

What is the market cap of Mitek Sys (MITK)?

The market cap of Mitek Sys (MITK) is approximately 424.4M.

What does Mitek Systems, Inc. do?

Mitek Systems, Inc. specializes in mobile capture and digital identity verification solutions using artificial intelligence and machine learning.

Which industries does Mitek serve?

Mitek serves financial institutions, payment companies, and other businesses operating in highly regulated markets.

What are the main products of Mitek?

Mitek's main products include Mobile Deposit, Mobile Verify, and CheckReader.

How many organizations use Mitek's solutions?

Over 7,800 financial services organizations and fintech brands use Mitek's solutions.

How many consumers use Mitek's solutions?

More than 80 million consumers use Mitek's solutions.

What is Mitek's Mobile Deposit?

Mobile Deposit is a solution that allows consumers to deposit checks using their mobile devices.

What does Mitek’s Mobile Verify do?

Mobile Verify verifies a user's identity online, helping organizations build safer digital communities.

How does CheckReader benefit financial institutions?

CheckReader automatically extracts data from check images received through branches, ATMs, RDC, and mobile channels.

Why do businesses use Mitek's solutions?

Businesses use Mitek's solutions to mitigate financial risk, comply with regulatory requirements, and enhance user experience.

Where can I find more information about Mitek Systems, Inc.?

For more information, visit Mitek's official website at www.miteksystems.com.
Mitek Sys Inc

Nasdaq:MITK

MITK Rankings

MITK Stock Data

424.39M
44.22M
2.95%
77.93%
8.17%
Software - Application
Computer Peripheral Equipment, Nec
Link
United States
SAN DIEGO