Core Insights - Mitek Systems reported revenue of $45.73 million for the quarter ended June 2025, reflecting a 1.7% increase year-over-year and a 3.7% surprise over the Zacks Consensus Estimate of $44.1 million [1] - The company's EPS was $0.22, down from $0.25 in the same quarter last year, with a notable EPS surprise of 22.22% compared to the consensus estimate of $0.18 [1] Revenue Breakdown - Software and hardware revenue was $19.51 million, which is a 13.9% decrease year-over-year and below the average estimate of $20.54 million from three analysts [4] - Service and other revenue reached $26.22 million, exceeding the estimated $22.95 million and representing a 17.5% increase compared to the previous year [4] - Non-GAAP gross profit for services and other was $19.43 million, surpassing the average estimate of $18.95 million [4] - Non-GAAP gross profit for software and hardware was $19.45 million, also exceeding the average estimate of $18.29 million [4] Stock Performance - Mitek Systems' shares have declined by 10.2% over the past month, contrasting with a 1.2% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Group 1 - Mitek Systems reported $51.93 million in revenue for the quarter ended March 2025, a year-over-year increase of 10.6% [1] - The EPS for the same period was $0.36, compared to $0.24 a year ago, representing a surprise of +38.46% over the consensus estimate of $0.26 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $47.85 million by +8.52% [1] Group 2 - Revenue from software and hardware was $26.70 million, surpassing the average estimate of $23.60 million by three analysts, reflecting a +7.3% change year-over-year [4] - Revenue from services and other was $25.23 million, exceeding the average estimate of $24.18 million, with a +14.3% change compared to the previous year [4] - Non-GAAP gross profit for services and other was $18.88 million, above the average estimate of $17.77 million, while for software and hardware, it was $26.68 million compared to the average estimate of $23.36 million [4] Group 3 - Mitek Systems' shares returned +6% over the past month, while the Zacks S&P 500 composite increased by +11.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]