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Mitek Systems MITK Total Cost of Revenue

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Other financials

Income statement

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Revenue$54.0M+18.2%
Gross profit$31.4M-8.8%
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

Reported directly by Mitek Systems in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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

Filed
Mar 19, 2024
Fiscal year
FY2023
Accession
0000950123-24-002926
Line item2023 / Q12023 / Q22023 / Q32023 / Q4
Revenue$45,703$46,123$43,070$37,656
Cost of revenue (exclusive of depreciation & amortization)5,0695,8985,7126,272
Operating expenses32,26131,53935,56634,671
Operating income (loss)8,3738,6861,792(3,287)
Interest expense2,1372,1632,3622,401
Other income, net3404549252,121
Income tax benefit (provision)(1,846)(1,808)(783)2,123
Net income (loss)4,7305,169(428)(1,444)

ITEM 16. FORM 10-K SUMMARY.

FAQ

What is Mitek Systems's total cost of revenue?
Mitek Systems (MITK) reported total cost of revenue of $6.27M in Q3 2023.
How has Mitek Systems's total cost of revenue changed year-over-year?
Mitek Systems's total cost of revenue increased by 20.2% year-over-year, from $5.22M to $6.27M.
What is the long-term trend for Mitek Systems's total cost of revenue?
Over 2 years (2021 to 2023), Mitek Systems's total cost of revenue has grown at a 25.6% compound annual growth rate (CAGR), from $14.54M to $22.95M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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