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Mitek Systems MITK Gross Profit

Discontinued — last reported Q4 '23

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Other financials

Income statement

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Revenue$54.0M+18.2%
Operating income$11.5M+203%
Net income$8.4M+249%
EPS (diluted)$0.17+240%

Balance sheet

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Cash & equivalents$90.0M-29.2%
Total debt$51.7M+1,798%
Total equity$250.5M+5.4%
Total assets$368.1M-17.6%

Cash flow

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Operating cash flow$27.2M+25.9%
CapEx$1.8M+459%
Free cash flow$25.3M+19.2%

Valuation

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Market cap$834.31M+88.2%
Enterprise value$795.94M+150%
P/E37×+8.4×
P/S4.2×+1.7×

Profitability

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Gross margin86.7%+0.5pp
Operating margin17.8%+6.7pp
Net margin11.4%+2.7pp
FCF margin32.4%+9.1pp

Returns & leverage

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Return on equity9.2%+2.3pp
Debt / equity0.2×+0.2×
Current ratio2.7×+1.6×

Where this comes from

Calculated from Mitek Systems’s reported figures.

The source filing: Mitek Systems’s 10-K, filed March 19, 2024. Open the filing →

Filed
Mar 19, 2024
Fiscal year
FY2023
Accession
0000950123-24-002926

FAQ

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.

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