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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.
Forward Guidance
No forward guidance was provided in the transcript.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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