Mitek Systems, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2021
April 29, 2021 at 04:01 pm EDT
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Mitek Systems, Inc. announced earnings results for the second quarter ended March 31, 2021. For the second quarter, the company announced total revenue was USD 28.773 million compared to USD 23.192 million a year ago. Operating income was USD 2.383 million compared to USD 1.064 million a year ago. Net income was USD 1.018 million compared to USD 908,000 a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. For the half year, total revenue was USD 54.748 million compared to USD 45.259 million a year ago. Operating income was USD 3.920 million compared to USD 1.362 million a year ago. Net income was USD 3.186 million compared to USD 1.468 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.03 a year ago.
Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. It is a software development company with expertise in computer vision, artificial intelligence, and machine learning. Its digital technology solutions are provided in two parts: a software development kit for mobile image capture and a cloud software platform which uses artificial intelligence, and machine learning to classify and extract data to enable mobile check deposit as well as aid the authentication of identity documents including passports, identity cards, and driver's licenses using a camera-equipped device. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, CheckReader, Check Fraud Defender, Check Intelligence, Mitek Verified Identity Platform, MiPass, ID_CLOUD, IDLive Face, IDVoice, IDLive Voice and IDLive Doc. The Company serves more than 7,900 financial services organizations and marketplace and financial technology (fintech) brands around the globe.
MITEK SYSTEMS, INC. 
