Mitek Systems' Q3 revenue beats estimates on SaaS strength

Reuters

08/08

<a href="https://laohu8.com/S/MITK">Mitek Systems</a>' Q3 revenue beats estimates on SaaS strength

Overview

Mitek fiscal Q3 revenue up 2% yr/yr, beating analyst expectations, per LSEG data
SaaS revenue grows 23% yr/yr, indicating strong demand for identity solutions

Outlook

Mitek tightens full-year revenue guidance to $174 mln-$177 mln
Company narrows full-year adjusted EBITDA margin to 28%-29%

Result Drivers

SAAS REVENUE GROWTH - SaaS revenue increased by 23% yr/yr, driven by growing demand for identity and fraud solutions
DEPOSITS SOFTWARE STABILITY - Core Deposits software products provide stability with resilient transaction volumes, contributing to strong free cash flow
STRATEGIC SHIFT - Co is shifting to SaaS, streamlining operations, and aligning product investments around a unified platform for durable growth

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$45.73 mln	$44 mln (6 Analysts)
Q3 EPS		$0.05
Q3 Net Income		$2.40 mln
Q3 Operating Income		$3.81 mln
Q3 Pretax Profit		$3.14 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Mitek Systems Inc is $13.00, about 29.8% above its August 6 closing price of $9.12
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw7fylqLa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mitek Systems' Q3 revenue beats estimates on SaaS strength</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMitek Systems' Q3 revenue beats estimates on SaaS strength\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-08 05:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title><a href=\"https://laohu8.com/S/MITK\">Mitek Systems</a>' Q3 revenue beats estimates on SaaS strength</title></head><body><p><span>Overview</span></p><ul><li><p>Mitek fiscal Q3 revenue up 2% yr/yr, beating analyst expectations, per LSEG data</p></li><li><p>SaaS revenue grows 23% yr/yr, indicating strong demand for identity solutions</p></li></ul><p><span>Outlook</span></p><ul><li><p>Mitek tightens full-year revenue guidance to $174 mln-$177 mln</p></li><li><p>Company narrows full-year adjusted EBITDA margin to 28%-29%</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>SAAS REVENUE GROWTH - SaaS revenue increased by 23% yr/yr, driven by growing demand for identity and fraud solutions</p></li><li><p>DEPOSITS SOFTWARE STABILITY - Core Deposits software products provide stability with resilient transaction volumes, contributing to strong free cash flow</p></li><li><p>STRATEGIC SHIFT - Co is shifting to SaaS, streamlining operations, and aligning product investments around a unified platform for durable growth</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td><p>Beat</p></td><td><p>$45.73 mln</p></td><td><p>$44 mln (6 Analysts)</p></td></tr><tr><td><p>Q3 EPS</p></td><td></td><td><p>$0.05</p></td><td></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>$2.40 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Income</p></td><td></td><td><p>$3.81 mln</p></td><td></td></tr><tr><td><p>Q3 Pretax Profit</p></td><td></td><td><p>$3.14 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 5 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the software peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Mitek Systems Inc is $13.00, about 29.8% above its August 6 closing price of $9.12</p></li><li><p>The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago</p></li></ul><p>Press Release: <span>ID:nBw7fylqLa</span></p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MITK","symbol_name":"Mitek Systems","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250807:nPLX39B932:2","article_id":"2557594265","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557594265","pubTimestamp":1754603221,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Mitek Systems' Q3 revenue beats estimates on SaaSstrengthOverviewMitek fiscal Q3 revenue up 2% yr/yr, beating analyst expectations, per LSEG dataSaaS revenue grows 23% yr/yr, indicating strong demand ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MITK":"Mitek Systems"},"translate_title":"Mitek Systems第三季度收入超出SaaS实力预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MITK":0.9},"content_text":"Mitek Systems' Q3 revenue beats estimates on SaaS strengthOverviewMitek fiscal Q3 revenue up 2% yr/yr, beating analyst expectations, per LSEG dataSaaS revenue grows 23% yr/yr, indicating strong demand for identity solutionsOutlookMitek tightens full-year revenue guidance to $174 mln-$177 mlnCompany narrows full-year adjusted EBITDA margin to 28%-29%Result DriversSAAS REVENUE GROWTH - SaaS revenue increased by 23% yr/yr, driven by growing demand for identity and fraud solutionsDEPOSITS SOFTWARE STABILITY - Core Deposits software products provide stability with resilient transaction volumes, contributing to strong free cash flowSTRATEGIC SHIFT - Co is shifting to SaaS, streamlining operations, and aligning product investments around a unified platform for durable growthKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueBeat$45.73 mln$44 mln (6 Analysts)Q3 EPS$0.05Q3 Net Income$2.40 mlnQ3 Operating Income$3.81 mlnQ3 Pretax Profit$3.14 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 5 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the software peer group is \"buy\"Wall Street's median 12-month price target for Mitek Systems Inc is $13.00, about 29.8% above its August 6 closing price of $9.12The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months agoPress Release: ID:nBw7fylqLa(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}