Overview
Digital identity verifier's Q4 revenue rose 4% yr/yr, beating analyst expectations
GAAP net income for Q4 decreased compared to last year
Outlook
Mitek expects fiscal 2026 revenue between $185 mln and $195 mln
Company anticipates Fraud & Identity solutions revenue to grow by approximately 15%
Mitek forecasts adjusted EBITDA margin between 27% and 30% for fiscal 2026
Result Drivers
SaaS GROWTH - SaaS revenue of $21.3 million was a 19% increase year-over-year
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $44.78 mln | $40.85 mln (5 Analysts) |
Q4 EPS | $0.04 | ||
Q4 Net Income | $1.86 mln | ||
Q4 Operating Income | $4.69 mln | ||
Q4 Pretax Profit | $3.31 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $13.50, about 46.3% above its December 10 closing price of $9.23
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nBwnQ8Nha
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(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.)