← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $34.7m |
$45.4m
+30.80%
|
$63.6m
+40.03%
|
$84.6m
+33.09%
|
$101.3m
+19.77%
|
$119.8m
+18.25%
|
$143.9m
+20.16%
|
$172.6m
+19.88%
|
$172.1m
-0.27%
|
$179.7m
+4.42%
|
$197.9m
+10.13%
|
|
| Cost of Revenue | $2.4m |
$2.9m
+19.94%
|
$54.3m
+1753.81%
|
$69.3m
+27.66%
|
$70.2m
+1.21%
|
$84.0m
+19.77%
|
$106.0m
+26.16%
|
$113.7m
+7.20%
|
$116.9m
+2.82%
|
$118.6m
+1.46%
|
$32.4m
-72.65%
|
|
| Gross Profit (derived) | $32.3m |
$42.5m
+31.63%
|
$9.3m
-78.19%
|
$15.3m
+64.90%
|
$31.2m
+103.99%
|
$35.8m
+14.81%
|
$37.9m
+6.05%
|
$58.9m
+55.29%
|
$55.2m
-6.24%
|
$61.1m
+10.68%
|
$165.5m
+170.72%
|
|
| Research and Development Expense | $7.8m | $10.4m | $15.7m | $19.0m | $22.9m | $28.0m | $30.2m | $29.0m | $34.6m | $35.3m | $31.2m | |
| Selling and Marketing Expense | $10.9m | $14.5m | $21.7m | $27.4m | $27.6m | $32.5m | $38.8m | $40.6m | $40.8m | $41.5m | $85.3m | |
| General and Administrative Expense | $8.6m | $11.3m | $17.1m | $19.9m | $22.3m | $22.5m | $26.6m | $43.3m | $53.0m | $44.3m | $47.3m | |
| Amortization of Intangible Assets | $598k | $591k | $4.0m | $7.0m | $6.4m | $7.5m | $13.5m | $17.0m | $15.2m | $14.1m | — | |
| Operating Lease, Expense | — | — | — | — | $2.2m | $2.2m | — | — | — | — | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $1.8m |
$2.8m
+51.81%
|
($7.8m)
-381.91%
|
($4.6m)
+41.20%
|
$8.9m
+293.20%
|
$13.3m
+49.72%
|
$11.3m
-14.60%
|
$15.6m
+37.26%
|
$2.2m
-85.67%
|
$16.8m
+652.58%
|
$35.7m
+112.87%
|
|
| Interest Expense | — | — | — | — | — | $5.1m | $8.2m | $9.1m | — | — | $7.2m | |
| Other income (expense): | ||||||||||||
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $9.3m | $9.8m | $7.2m | |
| Nonoperating Income (Expense) | $134k | $402k | ($935k) | $602k | $541k | $654k | ($370k) | $3.8m | $6.1m | $4.6m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | $4.1m | ($1.6m) | $9.0m | $11.1m | $11.0m | $10.6m | $23.8m | $10.2m | $14.4m | $31.6m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $2.0m | $3.2m | ($8.7m) | ($4.0m) | $9.4m | $8.8m | $2.7m | $10.3m | ($909k) | $11.6m | $31.6m | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | $2.3m | $6.7m | $6.2m | $12.4m | $9.1m | |
| Income Tax Expense (Benefit) | ($1k) | ($10.9m) | $3.1m | ($3.3m) | $1.6m | $824k | ($295k) | $2.3m | ($4.2m) | $2.8m | $9.1m | |
| 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%
|
$22.5m
+156.20%
|
|
| Earnings Per Share, Basic | $0.06 | $0.43 | ($0.33) | ($0.02) | $0.19 | $0.18 | $0.07 | $0.18 | $0.07 | $0.19 | $0.50 | |
| Earnings Per Share, Diluted | $0.06 | $0.40 | ($0.33) | ($0.02) | $0.18 | $0.18 | $0.07 | $0.17 | $0.07 | $0.19 | $0.47 | |
| Weighted Average Number of Shares Outstanding, Basic | 31.6m | 33.1m | 35.8m | 39.3m | 41.4m | 43.5m | 44.6m | 45.5m | 46.6m | 45.7m | 45.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | 33.8m | 35.5m | 35.8m | 39.3m | 42.5m | 45.1m | 45.8m | 46.5m | 47.5m | 46.9m | 48.3m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $2.2m | $2.4m | $8.2m | $7.6m | $6.6m | $9.0m | — | — | $15.3m | $14.1m | — | |
| Capitalized Computer Software, Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Cost of Property Repairs and Maintenance | $200k | $200k | $100k | $100k | $100k | $100k | $100k | $100k | $100k | $100k | — | |
| Costs and Expenses | $32.9m | $42.6m | $71.4m | $89.2m | $92.4m | $106.5m | $132.6m | $157.0m | $169.9m | $162.9m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |