Loading...
•
Jun 30, 2021
Mitek Q3 2021 Earnings Report
Reported record revenue with a 25% year-over-year increase, driven by increased demand for identity verification and mobile deposit solutions.
Key Takeaways
Mitek reported record revenue for Q3 2021, with a 25% increase year-over-year. The growth was fueled by strong performance in both identity verification and deposit solutions. The company also acquired ID R&D and introduced Check Fraud Defender during the quarter.
Total revenue increased 25% year-over-year to a record $31.8 million.
GAAP net income was $3.0 million, or $0.07 per diluted share.
Non-GAAP net income increased 56% year-over-year to $10.6 million, or $0.23 per diluted share.
Total cash and investments were $215.5 million at the end of the quarter.
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 provided in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income