2023-06-13 16:43:04 ET
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Mitek Systems ( NASDAQ: MITK ) said Tuesday it received a notice from a Nasdaq panel informing the company that it would be delisted from the exchange for not complying with certain listing rules.
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Mitek said it intends to timely request a hearing before the panel and is working on a plan to regain compliance.
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The company reiterated its revenue for fiscal 2022 in the range of $143.0 million to $144.0 million and a non-GAAP operating margin of 29% to 30%. The consensus estimate for revenue is $144.47 million.
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For 2023, the company expects revenue to be between $162.0 million and $165.0 million and a non-GAAP operating margin of 29.5% to 30.5%. The consensus estimate for revenue is $165.75 million.
For further details see:
Mitek Systems gets Nasdaq delisting determination notice, provides 2023 forecast