UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-35231 MITEK SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...

Mitek Reports Record Revenue and Earnings for Fiscal 2023 Total Revenue for Fiscal 2023 Increased 19% Year Over Year; Company Reiterates Guidance for Fiscal 2024 SAN DIEGO, CA, March 19, 2024 - Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, "Mitek" or the "Company"), a global leader in digital identity and fraud prevention, today reported financial results for its fourth quarter and full fiscal year ended September 30, 2023, and reiterated its previously provided guidance for its 2024 fiscal year ...

Mitek Systems, Inc. (NASDAQ:MITK) Q3 2023 Earnings Conference Call October 26, 2023 5:00 PM ET Company Participants Todd Kehrli - MKR IR Max Carnecchia - CEO Fuad Ahmad - Interim CFO Conference Call Participants Jake Roberge - William Blair Mike Grondahl - Northland Securities Scott Buck - H.C. Wainwright Operator Good afternoon, and welcome to the Mitek's Fiscal 2023 Third Quarter Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-35231 MITEK SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware 87-0418827 (State or other jurisdiction of incorporat ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Mitek Systems' unaudited Condensed Consolidated Financial Statements for March 31, 2023, include restated 2022 comparative data Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | March 31, 2023 (in thousands) | September 30, 2022 (in thousands) | | :--- | :--- | :--- | | **Total Assets** | **$401,966** | **$360,410** | | Total current assets | $160,203 | $129,096 | | Goodwill | $130,148 | $120,186 | | **Total Liabilities** | **$198,936** | **$190,093** | | Total current liabilities | $45,311 | $40,497 | | Convertible senior notes | $131,670 | $127,970 | | **Total Stockholders' Equity** | **$203,030** | **$170,317** | Condensed Consolidated Statements of Operations Highlights (Unaudited) | Metric | Three Months Ended Mar 31, 2023 (in thousands) | Three Months Ended Mar 31, 2022 (Restated) (in thousands) | Six Months Ended Mar 31, 2023 (in thousands) | Six Months Ended Mar 31, 2022 (Restated) (in thousands) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$46,123** | **$33,510** | **$91,826** | **$65,982** | | Operating Income | $8,686 | $2,680 | $17,059 | $7,509 | | **Net Income** | **$5,169** | **$435** | **$9,899** | **$3,559** | | **Net Income Per Share—Diluted** | **$0.11** | **$0.01** | **$0.22** | **$0.08** | Condensed Consolidated Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity | Six Months Ended Mar 31, 2023 (in thousands) | Six Months Ended Mar 31, 2022 (Restated) (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $11,561 | $9,686 | | Net cash provided by (used in) investing activities | $37,728 | $(1,743) | | Net cash provided by (used in) financing activities | $1,259 | $(13,736) | | **Net increase (decrease) in cash** | **$50,988** | **$(6,328)** | | **Cash and cash equivalents at end of period** | **$83,047** | **$23,984** | [Note 1. Nature of Operations and Summary of Significant Accounting Policies](index=8&type=section&id=1.%20NATURE%20OF%20OPERATIONS%20AND%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) Mitek offers mobile image capture and digital identity verification, with restated March 2022 financials due to accounting errors - The company provides mobile image capture and digital identity verification solutions using AI and machine learning to over **7,800** financial services organizations and fintech brands globally[25](index=25&type=chunk) - Financials for the three and six months ended March 31, 2022, were restated due to errors in revenue recognition for multiyear licenses and SaaS products, capitalization of certain commissions, and accounting for the HooYu acquisition[28](index=28&type=chunk) [Note 2. Revenue Recognition](index=10&type=section&id=2.%20REVENUE%20RECOGNITION) Revenue disaggregated: Deposits **$59.0 million**, Identity Verification **$32.8 million** for six months ended March 31, 2023 Disaggregation of Revenue by Major Product Category (in thousands) | Product Category | Three Months Ended Mar 31, 2023 | Three Months Ended Mar 31, 2022 (Restated) | Six Months Ended Mar 31, 2023 | Six Months Ended Mar 31, 2022 (Restated) | | :--- | :--- | :--- | :--- | :--- | | Deposits revenue | $28,760 | $21,228 | $59,041 | $40,279 | | Identity verification revenue | $17,363 | $12,282 | $32,785 | $25,703 | | **Total revenue** | **$46,123** | **$33,510** | **$91,826** | **$65,982** | - As of March 31, 2023, the company had current contract assets of **$8.8 million** and current contract liabilities (deferred revenue) of **$12.0 million**[51](index=51&type=chunk) [Note 3. Business Combinations](index=13&type=section&id=3.%20BUSINESS%20COMBINATIONS) HooYu Ltd acquisition for **$129.1 million** in March 2022 contributed **$6.0 million** revenue and **$7.8 million** net loss in six months - The company completed the acquisition of HooYu Ltd on March 23, 2022, for **$129.1 million** to enhance its Know Your Customer (KYC) technology offerings[54](index=54&type=chunk) HooYu Acquisition - Fair Value of Assets Acquired and Liabilities Assumed (in thousands) | Account | Amount | | :--- | :--- | | Intangible assets | $73,100 | | Goodwill | $74,206 | | Other net assets | $(19,304) | | **Net assets acquired** | **$127,902** | - For the six months ended March 31, 2023, HooYu contributed **$6.0 million** in revenue and a net loss of **$7.8 million**[57](index=57&type=chunk) [Note 4. Restructuring](index=15&type=section&id=4.%20RESTRUCTURING) June 2022 restructuring incurred **$2.0 million** additional costs and **$2.9 million** payments, resulting in zero accrual by March 31, 2023 Restructuring Accrual Activity (in thousands) | Description | Amount | | :--- | :--- | | Balance at September 30, 2022 | $901 | | Additional costs incurred | $1,986 | | Payments | $(2,942) | | Foreign currency effect | $55 | | **Balance at March 31, 2023** | **$0** | [Note 5. Investments](index=15&type=section&id=5.%20INVESTMENTS) Available-for-sale securities decreased to **$31.5 million** by March 31, 2023, with contingent consideration liability at **$6.1 million** Investments by Security Type (Fair Market Value, in thousands) | Security Type | March 31, 2023 | September 30, 2022 | | :--- | :--- | :--- | | U.S. Treasury | $7,207 | $9,103 | | Commercial paper | $6,084 | $18,022 | | Corporate debt securities | $18,187 | $38,949 | | Foreign government and agency securities | $0 | $2,827 | | **Total** | **$31,478** | **$68,901** | - Acquisition-related contingent consideration, classified as a Level 3 liability, increased from **$5.9 million** at September 30, 2022, to **$6.1 million** at March 31, 2023, due to changes in fair value[62](index=62&type=chunk) [Note 6. Goodwill and Intangible Assets](index=18&type=section&id=6.%20GOODWILL%20AND%20INTANGIBLE%20ASSETS) Goodwill increased to **$130.1 million** from foreign currency effects; net intangible assets decreased to **$73.5 million** due to amortization - The goodwill balance increased by **$10.0 million** during the six months ended March 31, 2023, primarily due to foreign currency effects[63](index=63&type=chunk) Intangible Assets, Net (in thousands) | Category | March 31, 2023 | September 30, 2022 | | :--- | :--- | :--- | | Completed technologies | $63,160 | $63,496 | | Customer relationships | $5,130 | $6,927 | | Trade names | $4,789 | $4,914 | | Covenants not to compete | $371 | $419 | | **Total intangible assets** | **$73,450** | **$75,756** | [Note 7. Stockholders' Equity](index=19&type=section&id=7.%20STOCKHOLDERS'%20EQUITY) Stock-based compensation expense was **$5.1 million** for six months ended March 31, 2023; **$15 million** share repurchase program completed in fiscal 2022 Stock-Based Compensation Expense (in thousands) | Expense Category | Six Months Ended Mar 31, 2023 | Six Months Ended Mar 31, 2022 | | :--- | :--- | :--- | | Cost of revenue | $192 | $167 | | Selling and marketing | $1,538 | $2,078 | | Research and development | $1,453 | $1,804 | | General and administrative | $1,963 | $2,380 | | **Total** | **$5,146** | **$6,429** | - The company's share repurchase program was completed in the second quarter of fiscal 2022, with total purchases of **$14.8 million** during the six months ended March 31, 2022[77](index=77&type=chunk) [Note 8. Income Taxes](index=21&type=section&id=8.%20INCOME%20TAXES) Income tax provision for six months ended March 31, 2023, was **$3.7 million** (**27%** effective rate), compared to **-6%** in 2022 Income Tax Provision and Effective Tax Rate | Period | Income Tax Provision/(Benefit) (in thousands) | Effective Tax Rate | | :--- | :--- | :--- | | Three Months Ended Mar 31, 2023 | $1,808 | 26% | | Six Months Ended Mar 31, 2023 | $3,700 | 27% | | Three Months Ended Mar 31, 2022 | $(20) | -5% | | Six Months Ended Mar 31, 2022 | $(200) | -6% | [Note 9. Convertible Senior Notes](index=21&type=section&id=9.%20CONVERTIBLE%20SENIOR%20NOTES) Company holds **$155.3 million** in 0.75% convertible senior notes due 2026 but was non-compliant with covenants due to late SEC filings - The company was not in compliance with covenants for its 2026 Notes due to the failure to timely file its Form 10-K and Form 10-Q reports, resulting in the accrual of additional special interest[81](index=81&type=chunk) Carrying Value of 2026 Notes (in thousands) | Description | March 31, 2023 | September 30, 2022 | | :--- | :--- | :--- | | Principal amount | $155,250 | $155,250 | | Less: unamortized discount and issuance costs | $(23,580) | $(27,280) | | **Carrying amount** | **$131,670** | **$127,970** | - In connection with the notes, the company entered into a Notes Hedge and Warrant Transactions to reduce potential dilution[91](index=91&type=chunk)[92](index=92&type=chunk) [Note 10. Commitments and Contingencies](index=25&type=section&id=10.%20COMMITMENTS%20AND%20CONTINGENCIES) Legal proceedings include customer indemnification demands from USAA patent suits, an Instacart breach of contract lawsuit, and a dismissed BIPA class action - The company has received indemnification demands from customers like PNC Bank and Truist due to patent infringement lawsuits filed by USAA related to mobile deposit technology[99](index=99&type=chunk)[102](index=102&type=chunk)[108](index=108&type=chunk) - The company filed a lawsuit against Instacart for breach of contract, seeking over **$2.0 million** in damages, with Instacart filing a cross-complaint[115](index=115&type=chunk)[118](index=118&type=chunk) - A putative class action lawsuit alleging violations of the Illinois Biometric Information Privacy Act (BIPA) was voluntarily dismissed by the plaintiffs on September 13, 2023[120](index=120&type=chunk)[124](index=124&type=chunk) [Note 11. Leases](index=30&type=section&id=11.%20LEASES) Operating ROU assets were **$4.6 million** and lease liabilities **$5.5 million** as of March 31, 2023, with a **4.6-year** weighted-average term Maturities of Operating Lease Liabilities (in thousands) | Period | Amount | | :--- | :--- | | 2023 - remaining | $1,108 | | 2024 | $1,726 | | 2025 | $638 | | 2026 | $629 | | 2027 | $635 | | 2028 | $425 | | Thereafter | $591 | | **Total lease payments** | **$5,752** | [Note 12. Revenue Concentration](index=30&type=section&id=12.%20REVENUE%20CONCENTRATION) Two customers each accounted for **15%** of total revenue for six months ended March 31, 2023; international sales were **24%** - For the six months ended March 31, 2023, two customers each accounted for **15%** of the company's total revenue[130](index=130&type=chunk) - International sales accounted for approximately **24%** of total revenue for the six months ended March 31, 2023, down from **29%** in the prior year period[131](index=131&type=chunk) [Note 13. Restatement of Previously Reported Financials](index=30&type=section&id=13.%20RESTATEMENT%20OF%20PREVIOUSLY%20REPORTED%20UNAUDITED%20INTERIM%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) Q2 2022 financials were restated due to material GAAP errors in revenue recognition, commission capitalization, and HooYu acquisition accounting - The restatement was required due to errors in revenue recognition on multiyear term licenses and SaaS, revenue cut-off, capitalization of commissions, and accounting for HooYu acquisition liabilities[135](index=135&type=chunk) Impact of Restatement on Q2 2022 Statement of Operations (in thousands) | Line Item | As Previously Reported | Total Adjustments | As Restated | | :--- | :--- | :--- | :--- | | Total revenue | $34,714 | $(1,204) | $33,510 | | Operating income | $3,504 | $(824) | $2,680 | | Net income | $1,013 | $(578) | $435 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses **38%** quarterly and **39%** six-month revenue growth for March 31, 2023, driven by Mobile Deposit® and identity verification, including HooYu [Overview](index=36&type=section&id=Overview) Mitek leads in mobile image capture and digital identity verification, expanding capabilities via ID R&D and HooYu acquisitions - The company's growth strategy includes organic development and strategic acquisitions, such as ID R&D for AI-based biometrics and HooYu for KYC technology[155](index=155&type=chunk)[156](index=156&type=chunk) [Results of Operations](index=37&type=section&id=Results%20of%20Operations) Q2 2023 revenue increased **38%** to **$46.1 million** and net income to **$5.2 million**; six-month revenue grew **39%** to **$91.8 million** with **178%** net income growth Comparison of Three Months Ended March 31, 2023 and 2022 (in thousands) | Metric | 2023 | 2022 (Restated) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Revenue | $46,123 | $33,510 | $12,613 | 38% | | Operating Income | $8,686 | $2,680 | $6,006 | 224% | | Net Income | $5,169 | $435 | $4,734 | 1088% | - The **38%** revenue increase in Q2 2023 was driven by a **$7.1 million** (39%) increase in software and hardware revenue and a **$5.5 million** (36%) increase in services and other revenue, the latter boosted by the HooYu acquisition[168](index=168&type=chunk) Comparison of Six Months Ended March 31, 2023 and 2022 (in thousands) | Metric | 2023 | 2022 (Restated) | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Revenue | $91,826 | $65,982 | $25,844 | 39% | | Operating Income | $17,059 | $7,509 | $9,550 | 127% | | Net Income | $9,899 | $3,559 | $6,340 | 178% | - The **54%** increase in software and hardware revenue for the six-month period was primarily due to a significant multiyear Mobile Deposit® contract with an existing customer[180](index=180&type=chunk) [Liquidity and Capital Resources](index=44&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity remains strong with **$114.5 million** in cash and investments at March 31, 2023, and **$11.6 million** cash from operations Summary of Cash Flows (in thousands) | Cash Flow Activity | Six Months Ended Mar 31, 2023 | Six Months Ended Mar 31, 2022 (Restated) | | :--- | :--- | :--- | | Cash provided by operating activities | $11,561 | $9,686 | | Cash provided by (used in) investing activities | $37,728 | $(1,743) | | Cash provided by (used in) financing activities | $1,259 | $(13,736) | - Working capital increased to **$114.9 million** at March 31, 2023, from **$88.6 million** at September 30, 2022[204](index=204&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risks are interest rate risk on investments and foreign currency risk from European operations, with no material inflation impact - The company's investment portfolio is subject to interest rate risk, but short maturities mitigate material impact from rate changes[209](index=209&type=chunk) - The company is exposed to foreign currency risk from its operations in France, the Netherlands, and Spain, primarily related to the Euro and British pound sterling[210](index=210&type=chunk) [Item 4. Controls and Procedures](index=49&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls were ineffective as of March 31, 2023, due to material weaknesses in internal control over financial reporting; remediation is underway - The CEO and CFO concluded that disclosure controls and procedures were not effective as of March 31, 2023, due to multiple material weaknesses[213](index=213&type=chunk) - Material weaknesses were identified in controls related to business combination accounting, revenue recognition, risk assessment, IT general controls, contingent consideration valuation, and the financial statement close process[215](index=215&type=chunk)[217](index=217&type=chunk) - A remediation plan is in process, which includes hiring additional accounting personnel, enhancing the risk assessment process, and designing and implementing improved process-level and IT controls[216](index=216&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=52&type=section&id=Item%201.%20Legal%20Proceedings) Legal proceedings information is incorporated by reference from Note 10 of the condensed consolidated financial statements - Information regarding legal proceedings is incorporated by reference from Note 10 of the notes to the condensed consolidated financial statements[219](index=219&type=chunk) [Item 1A. Risk Factors](index=52&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors disclosed in the 2022 Annual Report on Form 10-K - There have been no material changes in the company's risk factors from those disclosed in the 2022 Annual Report on Form 10-K[220](index=220&type=chunk) [Item 5. Other Information](index=52&type=section&id=Item%205.%20Other%20Information) Q2 2023 revenue increased by **$0.8 million** due to revised variable consideration; new deadlines for 2024 stockholder proposals are announced - Adjustments were made to the second quarter of fiscal 2023 financial results, increasing services revenue by **$0.8 million** due to revisions in estimates of variable consideration for certain SaaS contracts[224](index=224&type=chunk) - Due to a postponed 2023 annual meeting, the company has set new deadlines for stockholder proposals for the 2024 annual meeting[227](index=227&type=chunk)[228](index=228&type=chunk)

Financial Data and Key Metrics Changes - For Q2 of fiscal 2023, Mitek generated revenue of $45.3 million, representing a 35% increase year-over-year [8][50] - GAAP net income for the quarter was $4.4 million, or $0.10 per diluted share, with a diluted share count of 45.6 million [9][64] - Non-GAAP net income for Q2 was $13.1 million, or $0.29 per diluted share, compared to $9.7 million, or $0.21 per share, for the same period last year [64] - Cash flow from operations was $6.3 million during the quarter, bringing total cash and investments to $114.5 million as of March 31, 2023 [25][64] Business Line Data and Key Metrics Changes - Identity revenue increased 35% year-over-year to $16.6 million, driven by the addition of HooYu SaaS revenue and strong contributions from ID R&D and Mobile Verify products [55][51] - Deposits revenue for Q2 increased 35% year-over-year to $28.8 million, driven by mobile deposit reorders [24][88] - Services and other revenue, including transactional SaaS revenue, maintenance, and professional services, was $20.1 million for the quarter, up 31% year-over-year [24] Market Data and Key Metrics Changes - Deposits revenue for the first six months increased 47% year-over-year to $59 million, driven by solid mobile deposit reorders and a large multiyear contract [65] - Identity revenue for the first six months increased 24% year-over-year to $32 million, driven by the addition of HooYu revenue and strong contributions from ID R&D and Mobile Verify products [65] Company Strategy and Development Direction - Mitek is focused on enhancing its identity verification solutions, positioning itself strategically to meet growing customer demands in a digital landscape [89] - The company is committed to innovation, with products like IDLive Face Plus aimed at combating deep fakes and digital injection attacks [90] - Mitek's strategy includes a principled approach to pricing, allowing for potential price increases as contracts are renewed [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging macroeconomic environment impacting new enterprise spending, with expectations of slower growth in the second half of the fiscal year [62][23] - The company reiterated its annual guidance, expecting revenue growth of 18% year-over-year and a non-GAAP operating margin in the range of 30% to 31% for the full fiscal year [26][23] - Management expressed confidence in the growth potential of the Check Fraud Defender and Mobile Deposit solutions, despite anticipated deceleration in growth [27][68] Other Important Information - Mitek is currently involved in litigation related to USAA patents, with positive developments as the U.S. Patent Trial and Appeal Board has invalidated several USAA patents [20][59] - The company has introduced MiPass, a multimodal biometric solution for continuous identity authentication, which combines voice and face recognition [60] Q&A Session Summary Question: What are the highest contributors to growth in the check business? - Management ranked growth drivers as follows: mobile check deposit adoption, Check Fraud Defender, and price increases [27][68] Question: Can you discuss the impact of the macro environment on transactional volumes? - Management noted that the impact from the macro environment became more pronounced in Q3 and Q4, with some headwinds observed in Q2 [98] Question: What are the plans for capital allocation moving forward? - Management indicated that the priority is to become current on filings before considering M&A or stock buybacks [83][109] Question: What should be expected regarding the ongoing patent situation with USAA? - Management advised to keep an eye on PTAB rulings and the ongoing declaratory judgment action on appeal [42][59]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-35231 MITEK SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...

Mitek Systems, Inc. (NASDAQ:MITK) Q4 2022 Earnings Call Transcript June 29, 2023 5:00 PM ET Company Participants Todd Kehrli - Investor Relations Max Carnecchia - Chief Executive Officer Fuad Ahmad - Chief Financial Officer Conference Call Participants Mike Grondahl - Northland Securities Jake Roberge - William Blair Stephanie Moore - Jefferies Allen Klee - Maxim Group Operator Good afternoon, and welcome to the Mitek Systems Fiscal 2022 Fourth Quarter and Full Year Earnings Conference Call. All participant ...

Mitek Systems, Inc. (NASDAQ:MITK) Q3 2022 Earnings Conference Call July 28, 2022 4:30 PM ET Company Participants Todd Kehrli - Investor Relations Max Carnecchia - Chief Executive Officer Frank Teruel - Chief Financial Officer Conference Call Participants Jake Roberge - William Blair Mike Grondahl - Northland Securities Scott Buck - H.C. Wainwright Allen Klee - Maxim Group Operator Good day, and welcome to Mitek's Third Quarter 2022 Earnings conference call. All participants will be in a listen-only mode. [O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-35231 MITEK SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware 87-0418827 (State or other jurisdiction of incorpora ...