MITK - Why Mitek Systems Shares Are Surging Today? | Benzinga
Mitek Systems Inc (NASDAQ: MITK) shares are trading higher by over 15% after it reported Q1 FY23 results.
Total revenue rose 41% Y/Y to $45.7 million, partly led by a large, multi-year mobile deposit contract signed and partially recognized in the quarter.
Adjusted EPS of $0.31 surpassed the consensus of $0.20.
Operating cash flow stood at $5.3 million, and cash and investments came in at $107.6 million as of December 31, 2022.
"Our Identity revenue was up 15% ...