Mitek Systems Full Year 2024 Earnings: Beats Expectations

Simply Wall St.12-18

Mitek Systems (NASDAQ:MITK) Full Year 2024 ResultsKey Financial Results Revenue: US$172.1m (flat on FY 2023). Net income: US$3.28m (down 59% from FY 2023). Profit margin: 1.9% (down from 4.7% in FY ...

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Net income: US$3.28m (down 59% from FY 2023). Profit margin: 1.9% (down from 4.7% in FY ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nasdaq-mitk/mitek-systems/news/mitek-systems-full-year-2024-earnings-beats-expectations\">Source Link</a>\n\n</div>\n\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://simplywall.st/stocks/us/software/nasdaq-mitk/mitek-systems/news/mitek-systems-full-year-2024-earnings-beats-expectations","article_id":"2492136306","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8041000-choice2-main-header/1585186556238"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492136306","pubTimestamp":1734519041,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Mitek Systems ( NASDAQ:MITK ) Full Year 2024 Results Key Financial Results Revenue: US$172.1m (flat on FY 2023). Net...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MITK":"Mitek Systems"},"translate_title":"Mitek Systems 2024年全年收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MITK":1},"content_text":"Mitek Systems (NASDAQ:MITK) Full Year 2024 ResultsKey Financial Results Revenue: US$172.1m (flat on FY 2023). Net income: US$3.28m (down 59% from FY 2023). Profit margin: 1.9% (down from 4.7% in FY 2023). EPS: US$0.07 (down from US$0.18 in FY 2023).  NasdaqCM:MITK Earnings and Revenue History December 18th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Mitek Systems Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 1.1%.  Earnings per share (EPS) also surpassed analyst estimates.      Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US.    Performance of the American Software industry.  The company's shares are up 20% from a week ago.   Risk Analysis It's still necessary to consider the ever-present spectre of investment risk.   We've identified 3 warning signs  with Mitek Systems, and understanding them should be part of your investment process. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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