Mitek Systems Beats Q4 Earnings and Revenue Estimates, Stock Up

Mitek Systems, Inc. (MITK) reported non-GAAP earnings of 33 cents per share for fourth-quarter fiscal 2024 (ended Sept. 30, 2024) compared with 15 cents a year ago. The bottom line beat the Zacks Consensus Estimate of 17 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues increased 15% year over year to $43.2 million from $37.7 million a year ago. The top line beat the consensus estimate by approximately 5%.Strong adoption of fraud management solutions and innovative prod ...