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Mitek Surpasses Wall Street Expectations with Earnings of 15 Cents Per Share

Mitek Systems Inc. (MITK) reported a Q1 loss of $4.6 million, or 10 cents per share. Adjusted EPS was 15 cents, beating estimates of 13 cents per share. Revenue was $37.3 million, exceeding expectations of $36.2 million. The company expects full-year revenue between $170 and $180 million.