Mitek Systems Surpasses Q1 Earnings Expectations with $0.15 EPS
SAN DIEGO, Calif. - Mitek Systems Inc. (MITK) reported a first-quarter fiscal loss of $4.6 million, or $0.10 per share. Adjusted for non-recurring items, earnings came in at $0.15 per share, exceeding analysts' estimates of $0.13.
Revenue for the quarter reached $37.3 million, also outperforming market forecasts of $36.2 million.
For the full year, Mitek Systems projects revenue between $170 million and $180 million.