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Sep 30, 2020
Mitek Q4 2020 Earnings Report
Mitek reported record financial results driven by increased demand for mobile deposit and identity verification.
Key Takeaways
Mitek reported a record fourth quarter and full year, driven by increased demand for mobile deposit and identity verification capabilities. Total fourth quarter revenue increased 22% year over year, and full year revenue increased 20% year over year.
Total revenue increased 22% year over year to $30.6 million in a record quarter.
GAAP net income was $5.0 million, or $0.12 per diluted share.
Non-GAAP net income increased 31% year over year to a record $11.4 million, or $0.26 per diluted share.
Total cash and investments were $62.0 million at the end of the fiscal fourth quarter.
Mitek
Mitek
Mitek Revenue by Segment
Revenue by Segment
Software and Hardware Revenue
CapyFin.comServices and Other Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income