Financial Data and Key Metrics Changes - Total revenue for Q4 was $44.8 million, up 4% year over year, with SaaS revenue growth of 19% being a highlight [23] - For the full year, total revenue was approximately $180 million, split evenly between fraud and identity and check verification, with a consolidated revenue growth of 4% [26] - Adjusted EBITDA for fiscal 2025 grew by 15% to $54 million, representing a margin of 30%, up from 27% a year ago [30] Business Line Data and Key Metrics Changes - Fraud and identity revenue was $90 million for fiscal 2025, up 15% year over year, driven by SaaS offerings and volume expansion [25] - Check verification revenue for fiscal 2025 was $90 million, compared to $94 million in fiscal 2024, reflecting deal timing rather than a decline in demand [26] - SaaS revenue growth accelerated to 21% in fiscal 2025, with SaaS now accounting for 43% of total revenue [8][27] Market Data and Key Metrics Changes - In North America, large financial institutions expanded their use of Mitek's services, integrating identity verification with fraud checks [10] - In EMEA, banks in the UK and Europe are adopting new authentication products, driving higher verification volumes [10] - The Check Fraud Defender's annual contract value (ACV) grew 50% year over year, with data sets configured in the consortium expanding to over 25% of all U.S. checking accounts [11] Company Strategy and Development Direction - The company aims to unify its identity, authentication, and fraud capabilities into a cohesive platform, focusing on deeper, signal-rich identity journeys [14][16] - Fiscal 2026 is organized around four key pillars: fortifying the check verification franchise, unifying fraud and identity capabilities, investing in areas of advantage, and maximizing value through disciplined capital allocation [18] - The strategy includes reinvesting in R&D and go-to-market initiatives while maintaining a strong balance sheet [18] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing urgency of addressing synthetic identity fraud as a major threat, with AI-enabled fraud attempts rising sharply [5][6] - The company is entering fiscal 2026 from a position of strength, with a clear mandate from customers to unify services and enhance security [12][19] - Management expects fiscal 2026 revenue of $185-$195 million, reflecting stable check verification and accelerating fraud and identity demand [33] Other Important Information - The company has fully remediated all previously reported material weaknesses in its internal controls, marking a significant milestone [36] - Free cash flow for the full year was $54 million, equating to 100% conversion of adjusted EBITDA, which is above the long-term steady state [30] Q&A Session Summary Question: What are the key drivers behind SaaS growth? - Management indicated that underlying demand driven by the rise in synthetic fraud and partnerships with large financial institutions are the main drivers of SaaS growth [40][41] Question: Can you provide updates on Check Fraud Defender? - Management reported a 50% growth in overall ACV and noted that data sets now cover over 25% of U.S. checking accounts, approaching 50% when including pilot institutions [42][43] Question: What is the outlook for the mobile deposit business? - Management indicated that while overall check volumes are declining, mobile deposit transaction volumes have remained stable around 1.2 billion annually [84][85] Question: How is the company balancing investments and margins? - Management emphasized a prudent approach to investments, focusing on high-return initiatives while maintaining margin discipline [60][63]

Financial Data and Key Metrics Changes - Total Q4 revenue was $44.8 million, up 4% year over year, with SaaS revenue growth of 19% being a highlight [20][21] - For fiscal year 2025, total revenue was about $180 million, split evenly between fraud and identity and check verification, with a consolidated revenue growth of 4% [24][25] - Adjusted EBITDA for fiscal 2025 grew by 15% to $54 million, representing a margin of 30%, up from 27% a year ago [27] Business Line Data and Key Metrics Changes - Fraud and identity revenue was $90 million, up 15% year over year, with growth led by SaaS offerings [23] - Check verification revenue for fiscal 2025 was $90 million, compared to $94 million in fiscal 2024, reflecting deal timing year over year [24] - SaaS revenue growth accelerated to 21% in fiscal 2025, with SaaS now accounting for 43% of total revenue [7][30] Market Data and Key Metrics Changes - In North America, several large financial institutions expanded their partnerships, integrating identity verification with fraud checks [9] - In EMEA, banks in the UK and Europe are adopting new authentication products, driving higher verification volumes [9] - The Check Fraud Defender's annual contract value (ACV) grew 50% year over year, with data sets configured in the consortium expanding to over 25% of all U.S. checking accounts [10] Company Strategy and Development Direction - The company aims to unify its identity, authentication, and fraud capabilities into a cohesive platform, focusing on deeper, signal-rich identity journeys [12][15] - Fiscal 2026 is organized around four key pillars: fortifying check verification, unifying fraud and identity capabilities, investing in areas of advantage, and maximizing value through disciplined capital allocation [12][17] - The company is transitioning to a heavier SaaS and services mix, which is expected to compress gross margins slightly but increase absolute gross profit dollars [25][30] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing urgency of addressing synthetic identity fraud as a major threat, with AI-enabled fraud attempts rising sharply [5][6] - The company expects fiscal 2026 revenue of $185-$195 million, reflecting stable check verification and accelerating fraud and identity demand [30] - Management expressed confidence in achieving long-term growth objectives, driven by the rising demand for fraud and identity solutions [37][38] Other Important Information - The company has fully remediated all previously reported material weaknesses in its internal controls, marking a significant milestone [32] - Free cash flow for fiscal 2025 was $54 million, equating to 100% conversion of adjusted EBITDA [27][28] - The company ended the year with about $196 million of cash and investments, providing flexibility for future capital needs [29] Q&A Session Summary Question: What are the key drivers behind the growth of the SaaS business? - Management noted that underlying demand driven by the rise in synthetic fraud and partnerships with large financial institutions are key growth drivers [34][35] Question: Can you provide updates on Check Fraud Defender's progress? - Management reported a 50% growth in overall ACV and highlighted that data sets now cover over 25% of U.S. checking accounts, approaching 50% when including pilot institutions [35][36] Question: What is the outlook for organic growth? - Management expressed confidence in achieving double-digit organic growth, supported by the growing need for fraud and identity detection [37] Question: How is the company managing its investment pace? - Management indicated a balanced approach to investments, focusing on R&D and capitalizing on market opportunities while maintaining margin discipline [42][45] Question: What is the status of the mobile deposit business? - Management acknowledged potential secular decline in mobile deposit transaction volumes but noted stability in current volumes [51][54] Question: How will the company handle the upcoming convertible debt? - Management confirmed plans to pay off the convertible debt completely when due in February 2026, utilizing cash and available credit facilities [54]

如果你正负责客服系统建设、SOP落地、自动化项目推进、成本优化或服务体验提升，这份白皮书会为你提供： 这不是一份讲趋势的材料，而是一份可以直接指导选型、验收与业务落地的实战指南。 联系天润融通获取白皮书完整版 过去几年里，我们以为客服数字化已经走到了终点——机器人上线、知识库搭建、自动应答率提升。 但2025年的事实是：战场已经换了方向。全球头部企业正在从"提升客服效率"转向"直接让AI承担工单、闭环执行任务"，并首次形成可验证的ROI。 你可能已经明显感受到：越来越多企业不再问"智能客服能不能上线？而是问： · 它到底替代了多少人工？ 本次白皮书基于对Sierra、Decagon、ASAPP、Cognigy在内的四家欧美Agent客服头部企业的深度研究，首次揭示： · 立即下载原文，找到你的AI化落地路线图 · 查看四大头部企业的对比表、成本模型和落地方法 ZENAVA 2025企业级AI客服深度研究: 从软件竞争到劳动力重构 重磅发布 ZENAVA A # 8夺劳动力市场的范式转移 다 · 自动化率是多少？ · 交付成本是否真正下降？ · Token 消耗是否可控？ · AI如何对不同业务流程实现端到端任 ...

过去一年，企业对 AI 的投入快速增加：智能客服、知识助手、自动化平台、大模型接入……几乎每一家企业都在加速推进"AI 落地"计划。 但实践中，一个值得管理者警惕的趋势正在显现——技术部署越来越快，但智能化成效却分化得越来越明显。 同样的模型能力、类似的产品方案，有的企业能在几个月内实现自动化率大幅提升，让Agent真正承担起可衡量的业务；而另一些企业，即便上线 了AI，依然高度依赖人工接管，Agent效果波动大、优化困难、投入与产出长期不对等。 事实上，这种差异并非来自技术本身，而是来自一个更深层的因素：企业有没有构建让Agent持续进化的"运营体系。 在Agent时代，技术不再是决定成败的核心变量。真正拉开差距的，是企业能否把"运营"视为产品的一部分。 但Agent的逻辑完全不同。 Agent不是一次性交付的"成品"，而是一套"持续进化的系统"。它的能力不是在交付那天确定的，而是在交付之后的每一天，由企业给予它的反 馈、知识、纠错和训练共同塑造的。 也正因如此，Agent的真正竞争力从来不是"买来的"，而是"养出来的"。 这也是为什么许多企业在智能化落地过程中，会产生一种错觉——认为"用了相同的模型"就应 ...

The tech giant is piling on debt to fund AI data centers.Tech giant Oracle (ORCL 10.68%) has racked up remaining performance obligations, which represent future revenue expected to be generated from signed contracts, totaling $523 billion. The company added $68 billion to the backlog in the second quarter of fiscal 2026 alone, signing new deals for AI infrastructure with Meta Platforms, Nvidia, and other customers.Oracle's deals to provide AI infrastructure require the company to build expensive data center ...

It's time now for our 360 round. For that, let's bring in our panel to discuss Oracle. Joining us now, Ron Westfall, VP networking infrastructure at Hyperframe Research, and Robert Kwell, founder and portfolio manager at Upholding Investment Management.Thank you for being with us today. You know, Ron, I'd love to start with you. Just some key takeaways from the report.We saw, you know, a huge beat on EPS. We got this record-breaking RPO, explosive cloud growth, but I'm looking and we're down 13 and a half%. ...

PALO ALTO, Calif.--(BUSINESS WIRE)-- #automation--Workato®, the Enterprise MCP company, today announced a technology partnership with Confluent, Inc. (Nasdaq: CFLT), the data streaming pioneer, that unites real-time signal detection with enterprise-wide orchestration. The integration connects Confluent's Streaming Agents with Workato Enterprise MCP (Model Context Protocol). This enables organizations to automatically detect patterns in massive event streams and reliably execute advanced, multi-step workflow ...

Joining us this morning, a city analyst, Tyler Radkkey, maintaining a buy today, lowering his target from 375 down to 370. It's good to have you, Tyler. Welcome.Thanks for having me. >> Um, >> what'd you make of is it about the sort of ratio of the capex move versus the forward booking revenue move or something else. >> Yeah, I I think there's a lot of things, but look, I would say put simply, the debt market is control in control of the narrative right now, right.So, you saw them obviously, I think, come i ...

We recently published 10 Stocks Boasting the Biggest Gains; 4 Hit Record Highs. Braze Inc. (NASDAQ:BRZE) is one of the best performers on Wednesday. Braze climbed by 18.08 percent on Wednesday to close at $36.19 apiece as investors took path from a higher growth outlook, revenue beat, and a higher price target from an investment firm. In an updated report, Braze Inc. (NASDAQ:BRZE) said revenues jumped by 25 percent to $190.8 million from $152.05 million in the same period last year, beating its earlier f ...

（记者 张明双） 彩讯股份（300634.SZ）12月11日在投资者互动平台表示，公司AI技术已落地民航领域，核心应用包 括：1）RichMail 智能邮箱为南方航空等客户提供 AI 智能检索、智能撰写、智能翻译与分类归档等服 务，提升办公协同效率；2）基于 Rich AIBox 平台可快速构建智能客服、数字员工等应用，支撑民航客 户在服务响应、运营流程等场景降本提效；3）智算服务与数据智能方案助力民航客户进行数据治理、 模型训练及推理，赋能业务决策与智能化升级。 每经AI快讯，有投资者在投资者互动平台提问：您好！请问公司的人工智能项目目前有什么能应用到 民航领域的？ ...