Mitek Systems, Inc. Provides Earnings Guidance for the Second Quarter and Reiterates Earnings Guidance for the Full Year of Fiscal Year Ending September 30, 2019
January 29, 2019 at 04:05 pm
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Mitek Systems, Inc. reiterated earnings guidance for the fiscal year ending September 30, 2019. The company is reiterating its previously provided guidance for full year total revenue of $83 million to $86 million, which would represent growth between 31% and 35% year over year and continues to expect to generate a non-GAAP profit margin of approximately 18% to 20%.
For second quarter of fiscal 2019, it expect total revenue of between $19 million and $19.5 million, representing growth of between 33% to 37% year-over-year.
Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. It is a software development company with expertise in computer vision, artificial intelligence, and machine learning. Its digital technology solutions are provided in two parts: a software development kit for mobile image capture and a cloud software platform which uses artificial intelligence, and machine learning to classify and extract data to enable mobile check deposit as well as aid the authentication of identity documents including passports, identity cards, and driver's licenses using a camera-equipped device. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, CheckReader, Check Fraud Defender, Check Intelligence, Mitek Verified Identity Platform, MiPass, ID_CLOUD, IDLive Face, IDVoice, IDLive Voice and IDLive Doc. The Company serves more than 7,900 financial services organizations and marketplace and financial technology (fintech) brands around the globe.
Mitek Systems, Inc. Provides Earnings Guidance for the Second Quarter and Reiterates Earnings Guidance for the Full Year of Fiscal Year Ending September 30, 2019
MITEK SYSTEMS, INC. 
