Loading...
•
Dec 31, 2019
Mitek Q1 2020 Earnings Report
Mitek reported a record first quarter with significant increase in non-GAAP net income.
Key Takeaways
Mitek reported a record first quarter with a 25% increase in total revenue year over year to $22.1 million. GAAP net income was $0.6 million, or $0.01 per diluted share, and non-GAAP net income was $5.0 million, or $0.12 per diluted share, an increase of 377% year over year.
Total revenue increased 25% year over year to $22.1 million in a record first quarter.
GAAP net income was $0.6 million, or $0.01 per diluted share.
Non-GAAP net income was $5.0 million, or $0.12 per diluted share, an increase of 377% year over year.
Cash flow from operations was $5.2 million.
Mitek
Mitek
Mitek Revenue by Segment
Revenue by Segment
Software and Hardware Revenue
CapyFin.comServices and Other Revenue
CapyFin.com Forward Guidance
For the fiscal year ending September 30, 2020, the company is reiterating its previously provided guidance for full year total revenue to be between $98 million and $102 million, which would represent growth of approximately 16% to 21% year over year. The company expects to generate a non-GAAP operating margin of approximately 20% to 22%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income