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Mar 31, 2021
Mitek Q2 2021 Earnings Report
Mitek reported record second quarter revenue with total revenue up 24% year over year.
Key Takeaways
Mitek reported a strong second quarter with total revenue increasing by 24% year-over-year to $28.8 million, driven by growth in both mobile deposit and identity verification solutions. The company's GAAP net income was $1.0 million, or $0.02 per diluted share, while non-GAAP net income increased 34% year-over-year to $7.3 million, or $0.16 per diluted share.
Total revenue increased 24% year over year to $28.8 million in a record second quarter.
Transactional identify verification revenue increased 50% year over year.
GAAP net income was $1.0 million, or $0.02 per diluted share.
Non-GAAP net income increased 34% year over year to $7.3 million, or $0.16 per diluted share.
Mitek
Mitek
Mitek Revenue by Segment
Revenue by Segment
Software and Hardware Revenue
CapyFin.comServices and Other Revenue
CapyFin.com Forward Guidance
No forward guidance was provided in the transcript.
Revenue & Expenses
Visualization of income flow from segment revenue to net income