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
Total Revenue $34.7m $45.4m $63.6m $84.6m $101.3m $119.8m $143.9m $172.6m $172.1m $179.7m
Operating expenses:
Operating Income (Loss) $1.8m $2.8m ($7.8m) ($4.6m) $8.9m $13.3m $11.3m $15.6m $2.2m $16.8m
Additional Financial Items
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 $0
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
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
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
Net Income (Loss) Attributable to Parent $2.0m $14.1m ($11.8m) ($724k) $7.8m $8.0m $3.0m $8.0m $3.3m $8.8m
Earnings Per Share, Basic $0.06 $0.43 ($0.33) ($0.02) $0.19 $0.18 $0.07 $0.18 $0.07 $0.19
Earnings Per Share, Diluted $0.06 $0.40 ($0.33) ($0.02) $0.18 $0.18 $0.07 $0.17 $0.07 $0.19
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
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
Other income (expense):
Research and Development Expense $7.8m $10.4m $15.7m $19.0m $22.9m $28.0m $30.2m $29.0m $34.6m $35.3m
Selling and Marketing Expense $10.9m $14.5m $21.7m $27.4m $27.6m $32.5m $38.8m $40.6m $40.8m $41.5m
General and Administrative Expense $8.6m $11.3m $17.1m $19.9m $22.3m $22.5m $26.6m $43.3m $53.0m $44.3m
Interest Expense (non-operating) $9.3m $9.8m
Business Combination, Acquisition Related Costs $2.2m $2.4m $8.2m $7.6m $6.6m $9.0m $15.3m $14.1m
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
Current Income Tax Expense (Benefit) $2.3m $6.7m $6.2m $12.4m
Interest Expense $5.1m $8.2m $9.1m
Operating Lease, Expense $2.2m $2.2m
Income Tax Expense (Benefit) ($1k) ($10.9m) $3.1m ($3.3m) $1.6m $824k ($295k) $2.3m ($4.2m) $2.8m
Nonoperating Income (Expense) $134k $402k ($935k) $602k $541k $654k ($370k) $3.8m $6.1m $4.6m