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Sep 30, 2021
Mitek Q4 2021 Earnings Report
Mitek reported record revenue and earnings for full year fiscal 2021 and expanded its market leading fraud fighting offerings into the identity authentication market.
Key Takeaways
Mitek reported a record $33.3 million in revenue for Q4 2021, a 9% increase year-over-year. GAAP net income was $2.2 million, or $0.05 per diluted share, and non-GAAP net income was $10.1 million, or $0.22 per diluted share. Cash flow from operations was $12.3 million, and total cash and investments were $227.4 million at the end of the quarter.
Total revenue increased 9% year over year to a record $33.3 million.
GAAP net income was $2.2 million, or $0.05 per diluted share.
Non-GAAP net income was $10.1 million, or $0.22 per diluted share.
Total cash and investments were $227.4 million at the end of the quarter.
Forward Guidance
Mitek is strongly positioned, with both market leading offerings and innovative product roadmap, to expand further into the identity authentication market and deliver the essential technologies required to help customers fight identity fraud across the omnichannel.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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