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Mar 31, 2022
Mitek Q2 2022 Earnings Report
Mitek reported a 21% increase in year-over-year revenue and completed the acquisition of HooYu.
Key Takeaways
Mitek reported a record second quarter with a 21% increase in total revenue year over year, reaching $34.7 million. The company's GAAP net income increased by 88% to $1.9 million, or $0.04 per diluted share, and non-GAAP net income increased by 49% to $10.8 million, or $0.24 per diluted share. Mitek also completed the acquisition of HooYu, expanding its digital identity offering.
Total revenue increased 21% year over year to $34.7 million.
GAAP net income increased 88% year over year to $1.9 million, or $0.04 per diluted share.
Non-GAAP net income increased 49% year over year to $10.8 million, or $0.24 per diluted share.
Mitek acquired HooYu, expanding digital identity offering.
Forward Guidance
Mitek is expanding access to identity and access management capabilities through their low code no code orchestration platform.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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