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Jun 30, 2020
Mitek Q3 2020 Earnings Report
Reported record revenue with significant increases in both GAAP and non-GAAP net income.
Key Takeaways
Mitek reported record revenue for the third quarter of fiscal year 2020, with a 16% year-over-year increase to $25.4 million. GAAP net income was $1.3 million, or $0.03 per diluted share, while non-GAAP net income increased 43% year over year to $6.8 million, or $0.16 per diluted share.
Total revenue increased 16% year over year to $25.4 million in a record quarter.
GAAP net income was $1.3 million, or $0.03 per diluted share.
Non-GAAP net income increased 43% year over year to $6.8 million, or $0.16 per diluted share.
Total cash and investments were $52.2 million at the end of the fiscal third quarter.
Mitek
Mitek
Mitek Revenue by Segment
Revenue by Segment
Software and Hardware Revenue
CapyFin.comServices and Other Revenue
CapyFin.com Forward Guidance
The company is committed to helping customers and partners navigate the challenging environment as they accelerate their digital transformation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income