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Mitek Systems, Inc. - MITK STOCK NEWS

Welcome to our dedicated page for Mitek Systems news (Ticker: MITK), a resource for investors and traders seeking the latest updates and insights on Mitek Systems stock.

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.

News

Equifax and Mitek Join Forces to Protect Consumers Online

Rhea-AI Summary
Mitek Systems partners with Equifax to enhance identity verification and prevent fraud
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CORRECTING and REPLACING Mitek Teams Up With Equifax to Take on Emerging Digital Fraud Threats and Protect Online Consumers and Businesses

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Mitek teams up with Equifax to take on emerging digital fraud threats and protect online consumers and businesses
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Mitek Delivers Record Fiscal Second Quarter Revenue, Up 35% Year Over Year; Reiterates Fiscal Full Year Guidance

Rhea-AI Summary
Mitek Systems reports strong Q2 results with a 35% YoY increase in total revenue to $45.3 million. GAAP net income was $4.4 million. Non-GAAP net income was $13.1 million. Total revenue for the first six months of fiscal 2023 increased 38% YoY to $91.0 million. CEO expects revenue growth in H2 to moderate due to timing of deals and macroeconomic environment.
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-8.24%
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Mitek to Report Fiscal 2023 Second Quarter and Six Months Financial Results on September 14, 2023

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Mitek to release Q2 2023 financial results on September 14, 2023
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Mitek Delivers Record Revenue, Up 41% Year Over Year, for Fiscal 2023 First Quarter; Raises Fiscal 2023 Full Year Guidance

Rhea-AI Summary
Mitek Systems reports 41% YoY increase in total revenue for Q1 2023, reaching $45.7 million. Non-GAAP net income at $14.3 million. Raises fiscal 2023 revenue guidance to $169.0 million to $171.0 million, an 18% YoY increase. Conference call scheduled for September 14th to discuss first half performance.
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Mitek named Leader in Javelin Strategy & Research’s 2023 Know Your Customer Solution Scorecard

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Mitek Systems named leader in Javelin Strategy & Research's 2023 Know Your Customer Solution Scorecard
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Mitek Announces that the Nasdaq Hearings Panel has Granted its Request for Continued Listing Pending its Return to Compliance with the Nasdaq Filing Requirement

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Mitek Systems received a decision from the Nasdaq Hearings Panel granting continued listing on the Nasdaq Capital Market, subject to compliance with the Listing Rule by October 13, 2023.
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Mitek Announces Receipt of Notice from Nasdaq and Provides Update on Nasdaq Listing

Rhea-AI Summary
Mitek Systems, Inc. received a notice from Nasdaq stating that it was not in compliance with the listing requirements due to its failure to file the Q3 Form 10-Q in a timely manner. The company has requested a hearing before the Nasdaq Hearings Panel and presented a plan to regain compliance. A decision regarding the company's listing status is expected in late August or September.
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CORRECTING and REPLACING Mitek Announces Receipt of Notice from Nasdaq and Provides Update on Nasdaq Listing

Rhea-AI Summary
Mitek Systems, Inc. has received a notice from Nasdaq stating that it is not in compliance with Nasdaq's listing requirements due to its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023. The company has previously been unable to file its Q2 Form 10-Q and Q1 Form 10-Q as well. Mitek has requested a hearing before the Nasdaq Hearings Panel to appeal the delisting and has presented a plan to regain compliance. The company expects a decision from the Panel in late August or September.
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-8.83%
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Your Bank Wants to Know: Is That an Actual Photo of You – or AI?

Rhea-AI Summary
Mitek, a global leader in digital identity and digital fraud prevention, has released a guide to understanding liveness detection, an essential tool in the battle against online identity fraud. Liveness detection uses generative AI concepts to confirm that a person and their documents are live and present when an image is captured, preventing the use of AI-generated images by online criminals. The guide describes the pros and cons of different types of liveness detection and highlights the importance customers place on security when choosing an online company.
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FAQ

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

The current stock price of Mitek Systems (MITK) is $11.43 as of December 20, 2024.

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

The market cap of Mitek Systems (MITK) is approximately 501.7M.

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.

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Mitek Systems, Inc.

Nasdaq:MITK

MITK Rankings

#3102 Ranked by Market Cap
N/A Ranked by Dividends

MITK Stock Data

501.73M
43.27M
3%
77.97%
8.93%
Software - Application
Computer Peripheral Equipment, Nec
Link
United States of America
SAN DIEGO