Mitek reported relatively flat revenue year-over-year at $37.3 million, with SaaS products growing 29%. The company's GAAP net loss was $4.6 million, improved from a $5.8 million loss the previous year. Mitek raised the lower end of its Adjusted EBITDA margin guidance range for fiscal 2025.
Revenue was $37.3 million, relatively flat year-over-year.
GAAP net loss was $4.6 million, compared to a GAAP net loss of $5.8 million a year ago.
Adjusted EBITDA was $7.8 million, compared to $5.9 million a year ago.
Mitek raised the lower end of its fiscal 2025 full-year adjusted EBITDA margin guidance to 25%-28%.
Mitek is maintaining its fiscal 2025 full-year revenue guidance of between $170 million and $180 million and is raising the lower end of its fiscal 2025 full-year adjusted EBITDA margin guidance by 100 basis points, resulting in a new guidance range of 25%-28%.