Mitek Revenue, Profits - MITK Annual Income Statement

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$9.3 $0.05 (0.54%) MITK stock closing price Jul 20, 2018 (Closing)

Financial analysis of Mitek involves more than just checking the Mitek stock price, by looking at the financial statements of the company in detail. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue increase to $45.39M for 2017 impacts the MITK stock. Investors typically check year over year or quarter over quarter revenue growth. The Mitek profit and loss statement for 2017 shows a net profit of $14.09M. Profits for last year was $1.95M. Apart from this an investor should also check Mitek assets and Mitek free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Oct - Sep2017201620152014201320122011201020092008
Mitek Revenues or Net Sales
45.39M34.7M25.36M19.15M14.8M9.09M10.26M5.11M3.61M5.22M
Cost Of Goods Sold (COGS)4.04M3.39M2.47M2.14M1.6M1.26M1.17M---
Mitek Gross Profit
41.34M31.3M22.89M17M13.19M7.82M9.09M4.16M2.94M4.33M
Research & Development Expense10.43M7.79M5.57M6.01M6.79M6.66M2.99M2M1.9M1.8M
Selling General & Admin Expense28.15M21.68M15.42M16.39M13.7M9.04M5.84M2.55M2.36M3.28M
Income Before Depreciation Depletion Amortization2.76M1.82M1.89M-5.4M-7.29M-7.88M--0.38M-1.31M-0.75M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense----------
Mitek Pretax Income
3.17M1.95M1.98M-5.28M-7.27M-7.84M-0.12M-0.68M-1.32M-0.74M
Provision for Income Taxes-10.92M--0.54M-------
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations14.09M1.95M2.52M-5.29M-7.27M-7.83M-0.12M-0.67M-1.31M-0.74M
Extraordinary Items & Discontinued Operations----------
Mitek Profit/ Loss (Net Income)
14.09M1.95M2.52M-5.29M-7.27M-7.83M-0.12M-0.67M-1.31M-0.74M
Average Shares used to compute Diluted EPS35.54M33.82M-30.47M27.49M25.12M21.51M16.95M16.75M16.75M
Average Shares used to compute Basic EPS33.08M31.59M-30.47M27.49M25.12M21.51M16.95M16.75M16.75M
Income Before Nonrecurring Items7.38M4.59M--1.57M-7.28M-7.84M-0.13M-0.68M-1.32M-0.75M
Income from Nonrecurring Items6.71M-2.64M--3.72M------
Mitek Earnings Per Share Basic Net
0.430.060.08-0.17-0.26-0.31-0.01-0.04-0.08-0.04
Mitek Earnings Per Share Diluted Net
0.400.060.08-0.17-0.26-0.31-0.01-0.04-0.08-0.04
EPS Diluted Before Nonrecurring Items0.210.140.15-0.05-0.26-0.31-0.01-0.04-0.08-0.04
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.000.000.000.000.000.000.000.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Mitek stock analysis involves checking at least a few of the important things like:

  • Topline: A growing topline, as seen from the Mitek revenue chart, as is the case with Mitek indicates a growing business. One needs to compare the YoY topline or sales growth of MITK stock with its peers like VRTC stock and stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. MITK stock had a healthy bottom line growth.

The income statement is also called statement of revenue and expense. The MITK financials along with Mitek historical stock prices provide a lot of details about the firm.

Mitek Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
54.71
PS Ratio (price sales ratio)
6.36
Dividend Yield
0%

Annual Income Statements - Mitek Systems, Inc. Industry Peers

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