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 ...

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, 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 incorpora ...

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 ...