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Sep 30, 2024
Mitek Q4 2024 Earnings Report
Mitek reported solid Q4 2024 with year-over-year revenue growth, profitability, and cash generation.
Key Takeaways
Mitek reported a solid fourth quarter with a 15% year-over-year revenue increase, driven by the team's hard work and operational focus. The company is focused on driving efficient revenue growth and advancing AI-driven solutions to address growing fraud threats.
Revenue of $43.2 million, a 15% increase year-over-year.
GAAP operating income was $7.7 million, compared to negative $3.3 million a year ago.
GAAP net income was $8.6 million, compared to a GAAP net loss of $1.4 million a year ago.
Non-GAAP net income per diluted share was $0.33, compared to $0.15 a year ago.
Mitek
Mitek
Forward Guidance
Mitek expects fiscal 2025 full-year revenue to be between $170 million and $180 million, and adjusted EBITDA margin to be between 24% and 28%.
Positive Outlook
- Mitek expects fiscal 2025 full-year revenue to be between $170 million and $180 million.
- Mitek expects its fiscal 2025 full-year adjusted EBITDA margin to be between 24% and 28%.