Mitek (MITK -16.3%) is staring at big losses after reporting FQ4 revenue of $1.2M (-60% Y/Y) and...


Mitek (MITK -16.3%) is staring at big losses after reporting FQ4 revenue of $1.2M (-60% Y/Y) and EPS of -$0.09 - the latter missed consensus by $0.02 - as the mobile banking software firm struggles with the fallout of its collapsed deal with USAA. In spite of the revenue drop, opex rose 30% Y/Y due to rising R&D and legal expenses. During its earnings call, Mitek noted it added 156 new financial institutions as customers in FQ4, but added large banks are taking longer than expected to roll out its software.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs