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Mitek Systems -5% despite Q1 beats

Jan. 29, 2019 5:07 PM ETMitek Systems, Inc. (MITK) StockBy: Brandy Betz, SA News Editor4 Comments
  • Mitek Systems (NASDAQ:MITKdrops 4.9% despite Q1 results that beat EPS and revenue estimates with a 46% Y/Y revenue growth. In-line FY19 guidance reaffirmed with revenue from $83M to $86M (consensus: $84.63M).
  • Revenue breakdown: Software and hardware, $10M (last year: $7.2M); Service and other, $7.7M (last year: $4.9M).
  • Press release.
  • Previously: Mitek Systems beats by $0.01, beats on revenue (Jan. 29)

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