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Mitek Systems MITK Gross Profit

Discontinued — last reported Q4 '23

Gross Profit at other companies

Fidelity National Information ServicesFIS

$1.11B+26.1%

Diebold NixdorfDBD

$213.1M+5.3%

Other financials

Income statement

Revenue$54.8M+5.6%

Operating income$13.5M+19.2%

Net income$9.5M+4.2%

EPS (diluted)$0.200.0%

Balance sheet

Cash & equivalents$69.2M-33.9%

Total debt$52.5M+1,729%

Total equity$239.5M+8.7%

Total assets$356.9M-16.1%

Cash flow

Operating cash flow$8.0M+1,319%

CapEx$1.6M+569%

Free cash flow$6.6M+2,766%

Valuation

Market cap$784.86M+82.1%

Enterprise value$768.19M+133%

P/E47.4×+15.0×

P/S4.1×+1.7×

Profitability

Gross margin86.7%+0.5pp

Operating margin14.5%+5.1pp

Net margin8.7%+1.2pp

FCF margin32.4%+9.1pp

Returns & leverage

Return on equity7.2%+1.1pp

Debt / equity0.2×+0.2×

Current ratio2.6×+1.6×

Where this comes from

Calculated from Mitek Systems’s reported figures.

$37.7Mtotal revenue−$6.3Mtotal cost of revenue=$31.38M

The official record: Mitek Systems’s 10-K, filed March 19, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mitek Systems's gross profit?: Mitek Systems (MITK) reported gross profit of $31.38M in Q3 2023.
How has Mitek Systems's gross profit changed year-over-year?: Mitek Systems's gross profit decreased by 8.8% year-over-year, from $34.41M to $31.38M.
What is the long-term trend for Mitek Systems's gross profit?: Over 2 years (2021 to 2023), Mitek Systems's gross profit has grown at a 19.2% compound annual growth rate (CAGR), from $105.26M to $149.6M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.