- Mitek delivers another great quarter, a testament to the growth in its markets at the quality of its products.
- Its ID products, the more long-term growth area, continues to grow in the Mitek revenue mix, future-proofing the company.
- Legal overhang still remains from the USAA patent dispute, but continued growth in sales with Mitek's price stalling just means the margin of safety has grown.
- We continued to be bullish on Mitek, although we already closed our position at a 30% gain many months ago.
For further details see:
Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains