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Sep 30, 2022
Mitek Q4 2022 Earnings Report
Reported record revenue and earnings for full year fiscal 2022.
Key Takeaways
Mitek Systems, Inc. reported financial results for both its fourth quarter and fiscal 2022 full year ended September 30, 2022. Total revenue for the full year fiscal 2022 increased 20% year over year, driven by additional revenue as a result of the acquisition of HooYu Ltd., as well as increased demand for both Mitek’s digital identity verification and deposits solutions.
Total revenue increased 17% year over year to $38.8 million.
GAAP net operating income was $2.9 million.
GAAP net loss was $0.3 million, or $0.01 per diluted share.
Non-GAAP net income was $9.0 million, or $0.20 per diluted share.
Forward Guidance
Mitek expects revenue for the year ending September 30, 2023 to be in the range of $162.0 million to $165.0 million, an increase of approximately 14% year over year from the mid-point of the guidance range. In addition, Mitek expects its non-GAAP operating margin for fiscal 2023 to be in the range of 29.5% to 30.5%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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