Mitek Systems: Shift Away From License Sales Pressuring Margin (NASDAQ:MITK)

Group 1 - Mitek Systems (MITK) is transitioning from a perpetual license model to a Software as a Service (SaaS) model, which is causing some gross margin and sales pressures [2] - There are long-term expectations of declines in checks, indicating potential challenges in revenue generation during this transition [2] - The Valkyrie Trading Society is a team of analysts focused on high conviction and obscure developed market ideas, aiming for downside-limited and non-correlated returns in the current economic environment [2]