← MITEK SYSTEMS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $2.0m |
$14.1m
+619.35%
|
($11.8m)
-183.79%
|
($724k)
+93.87%
|
$7.8m
+1179.28%
|
$8.0m
+2.10%
|
$3.0m
-62.00%
|
$8.0m
+164.74%
|
$3.3m
-59.16%
|
$8.8m
+168.33%
|
— | |
| Depreciation, Depletion and Amortization | $800k | $322k | $615k | $1.4m | $1.5m | $1.4m | $1.4m | $1.7m | $1.8m | $1.3m | $14.7m | |
| Amortization of Intangible Assets | $598k | $591k | $4.0m | $7.0m | $6.4m | $7.5m | $13.5m | $17.0m | $15.2m | $14.1m | — | |
| Capitalized Computer Software, Amortization | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Depreciation | $790k | — | — | — | — | — | — | — | — | $1.3m | $1.4m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | ($2.6m) | ($4.3m) | ($10.4m) | ($9.6m) | ($1.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $4.1m | $5.5m | $8.9m | $9.6m | $9.6m | $11.5m | $13.3m | $10.5m | $12.6m | $16.8m | $16.2m | |
| Share-based Payment Arrangement, Expense | $5.6m | $5.5m | $8.9m | $9.6m | $9.6m | $11.5m | $13.3m | $10.5m | $12.6m | $16.8m | $16.2m | |
| Goodwill and Intangible Asset Impairment | — | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | — | — | — | $0 | $0 | $0 | $511k | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Nonoperating Income (Expense) | $134k | $402k | ($935k) | $602k | $541k | $654k | ($370k) | $3.8m | $6.1m | $4.6m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | — | — | — | $647k | $803k | ($10.0m) | |
| Increase (Decrease) in Accounts Payable | ($222k) | $593k | $309k | $28k | $277k | ($1.6m) | $2.2m | $2.5m | ($450k) | ($3.4m) | $428k | |
| Purchases of property and equipment, accrued but unpaid | $250k | $488k | $4.3m | $1.1m | $803k | $1.4m | $1.1m | $1.0m | $1.4m | $1.2m | ($5.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $7.9m |
$10.4m
+32.99%
|
$5.6m
-46.14%
|
$14.2m
+153.29%
|
$24.1m
+69.28%
|
$37.3m
+54.80%
|
$26.4m
-29.43%
|
$31.6m
+19.87%
|
$31.7m
+0.32%
|
$55.3m
+74.64%
|
$53.7m
-2.98%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $250k | $488k | $4.3m | $1.1m | $803k | $1.4m | $1.1m | $1.0m | $1.4m | $1.2m | ($5.1m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $7k | ($19k) | ($10k) | $0 | $0 | $0 | ($300k) | $0 | $0 | $0 | — | |
| Payments to Acquire Investments | $33.7m | $39.9m | $15.4m | $24.4m | $44.7m | $246.5m | $47.8m | $71.7m | $62.4m | $40.6m | ($14.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | $29.7m | $0 | $0 | $12.5m | $127.9m | $267k | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($3.3m) | ($7.8m) | ($8.4m) | ($10.5m) | ($24.7m) | ($170.5m) | ($3.5m) | ($6.8m) | $28.7m | $5.8m | $33.7m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | — | ($309k) | — | |
| Repayments of Long-term Debt | — | — | $270k | — | — | — | — | — | — | — | ($156.2m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $1.0m | $190k | $15.2m | $0 | $24.2m | $4.7m | — | |
| Net Cash Provided by (Used in) Financing Activities | $1.7m |
$687k
-60.36%
|
($429k)
-162.45%
|
$4.4m
+1121.68%
|
$3.4m
-22.36%
|
$143.7m
+4122.16%
|
($21.1m)
-114.72%
|
$1.7m
+108.05%
|
($25.9m)
-1621.58%
|
($1.8m)
+92.87%
|
($124.0m)
-6617.98%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($45k) | ($76k) | ($34k) | $7.7m | $3.2m | $10.3m | $1.7m | $26.9m | $34.5m | $60.7m | $90.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $16.7m | $20.0m | $30.3m | $32.1m | $58.9m | $93.5m | $154.2m | $90.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($45k) | ($76k) | ($34k) | ($406k) | $419k | ($207k) | $69k | $351k | ($9k) | $1.4m | ($437k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1k | $0 | $29k | $0 | $0 | $569k | $1.2m | $1.4m | $1.3m | $1.2m | — | |
| Income Taxes Paid, Net | $17k | $113k | $402k | $310k | ($451k) | $741k | $750k | $3.8m | $12.0m | $9.1m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| General and Administrative Expense | $8.6m | $11.3m | $17.1m | $19.9m | $22.3m | $22.5m | $26.6m | $43.3m | $53.0m | $44.3m | — | |
| Goodwill | $2.9m | $3.0m | $34.4m | $32.6m | $35.7m | $63.1m | $120.2m | $123.5m | $131.6m | $133.5m | $511k | |
| Income Tax Expense (Benefit) | ($1k) | ($10.9m) | $3.1m | ($3.3m) | $1.6m | $824k | ($295k) | $2.3m | ($4.2m) | $2.8m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $9.3m | $9.8m | — | |
| Operating Lease, Expense | — | — | — | — | $2.2m | $2.2m | — | — | — | — | — |