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Because most large- and mid-cap technology stocks are now trading at high valuations, fundamentally sound small-cap players could be ideal bets for higher returns. The likes of Silicon Motion Technology (SIMO), Axcelis (ACLS), ChannelAdvisor (ECOM), and Mitek Systems (MITK) are tech companies...
In 2020, I published a series of articles on software as a service (SaaS) firms and their stocks, and especially those that pass the Rule of 40. The Rule of 40 balances sales growth and profitability in hyper-growth SaaS companies, and we have found as a group these stocks have outper...
Mitek Systems specializes in "identity as a service" (IDaaS) solutions for the financial services industry, hence has benefited from the pandemic. Mitek is profitable with a net profit margin of 13.7% and trades at 19x 2022 free cash flow, which is cheap amongst US tech stocks. Th...
Mitek Systems (MITK) has priced upsized private offering of $135M (from $125M) of 0.750% convertible senior unsecured notes due February 1, 2026.Initial purchasers granted an option to purchase up to an additional $20.25M of notes.Offering is expected to close on February 5. Interest on notes...
SAN DIEGO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Mitek Systems, Inc. (“Mitek”) announced today the pricing of its private offering of $135,000,000 aggregate principal amount of 0.750% Convertible Senior Notes due 2026 (the “Notes”) in a private offering. The Notes wi...
Shares of Mitek Systems (NASDAQ: MITK) have plummeted today, down by 12% as of 11 a.m. EST, after the company announced a proposed private offering of convertible senior notes. The company is looking to raise $125 million in fresh capital. Mitek is offering $125 million in ...
Mitek Systems (MITK) plans to offer $125M principal amount of convertible senior notes due 2026 in a private offering.Initial notes purchasers granted an option to purchase up to an additional $18.75M principal amount of Notes.Notes will accrue interest payable semi-annually in arrears with m...
SAN DIEGO, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Mitek Systems, Inc. (“Mitek”) (NASDAQ: MITK) announced today that, subject to market and other conditions, it intends to offer $125,000,000 aggregate principal amount of Convertible Senior Notes due 2026 (the “Notes”) ...
The following slide deck was published by Mitek Systems, Inc. in conjunction with their 2021 Q1 earnings call. For further details see: Mitek Systems, Inc. 2021 Q1 - Results - Earnings Call Presentation
Image source: The Motley Fool. Mitek Systems (NASDAQ: MITK) Q1 2021 Earnings Call Jan 28, 2021 , 4:30 p.m. ET Operator Continue reading For further details see: Mitek Systems (MITK) Q1 2021 Earnings Call Transcript
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