Mitek Sys Inc Stock Price, News & Analysis

Mitek Systems (NASDAQ: MITK) won two awards at Juniper Research’s Fintech and Payments Future Digital Awards 2025 on October 13, 2025: Fraud and Security Innovation of the Year and Best Identity Verification Innovation for its Digital Fraud Defender.

The layered solution targets AI-driven threats—deepfakes, injection attacks, and template attacks—and reported a real‑world detection of more than 3,000 injection attacks in a targeted phishing campaign. Features include deepfake detection, injection attack detection, template attack detection, and continuous Purple Team testing. Mitek says more than 7,000 organizations use its identity verification and fraud-prevention technology.

Mitek Systems (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, has announced its participation in the upcoming Jefferies Fintech Conference on September 3rd, 2025 in New York. CEO Ed West and CFO Dave Lyle will be available for one-on-one meetings with investors during the conference.

Interested investors can schedule meetings through their Jefferies representative or by contacting Mitek's Investor Relations team.

Mitek Systems (NASDAQ: MITK) has been awarded the silver medal in the 2025 Datos Insights Fraud and AML Impact Awards for Best Digital Identity Verification. The recognition highlights the company's Digital Fraud Defender, a multilayered security solution designed to combat AI-driven fraud threats.

The security suite features three key components: injection attack detection, template attack detection, and deepfake detection. In real-world applications, the system has demonstrated significant success, identifying over 3,000 injection attacks in a targeted phishing campaign while maintaining a 99% pass rate in deepfake detection during biometric verification.

Mitek Systems (NASDAQ: MITK) reported strong fiscal Q3 2025 results, with total revenue increasing 2% year-over-year to $45.7 million. The company's SaaS revenue showed impressive growth of 23% year-over-year, reaching $19.3 million.

Key financial metrics include GAAP net income of $2.4 million ($0.05 per diluted share), adjusted EBITDA of $13.1 million with a 28.6% margin, and strong cash position of $175.4 million. The company generated substantial free cash flow of $35.0 million for the nine months ended June 30, 2025.

Mitek raised guidance for fiscal 2025, tightening revenue expectations to $174-177 million and adjusted EBITDA margin to 28-29%, demonstrating confidence in their business model focused on digital identity verification and fraud prevention solutions.

Mitek Systems (NASDAQ: MITK), a digital identity verification and fraud prevention leader, has scheduled its fiscal 2025 third quarter financial results announcement for August 7, 2025, after U.S. market close. The company will host a conference call and webcast at 2 p.m. PT (5 p.m. ET), led by CEO Ed West and CFO Dave Lyle.

Participants can pre-register for the webcast or join using provided dial-in numbers. A replay will be available for one week via phone and one year via webcast. Mitek serves over 7,000 organizations with solutions for identity verification, fraud prevention, and secure digital interactions across account opening, authentication, and deposit services.

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Mitek Systems (NASDAQ: MITK), a leader in digital identity verification, mobile capture and fraud management, has announced its participation in four upcoming investor conferences in May and June 2025:

• 22nd Annual Craig-Hallum Institutional Investor Conference in Minneapolis (May 28)
• William Blair's 45th Annual Growth Stock Conference in Chicago (June 3) - Presentation at 11:20 a.m. PT
• Maxim Group's 2025 Virtual Tech Conference (June 5) - Fireside chat at 8:00 a.m. PT
• Northland Growth Conference 2025 (June 25) - Virtual meetings

CEO Ed West and CFO Dave Lyle will represent the company at these events. A live webcast of the William Blair conference presentation will be available through Mitek's investor relations website.

Mitek Systems (NASDAQ: MITK) reported strong fiscal Q2 2025 results with record revenue and profitability. Revenue reached $51.9 million, up 11% year-over-year, with SaaS revenue growing 15%. GAAP net income increased to $9.2 million ($0.20 per share) from $0.3 million ($0.01 per share) a year ago. The company maintained its fiscal 2025 revenue guidance of $170-180 million while raising its adjusted EBITDA margin guidance by 100 basis points to 26-29%. Mitek secured a new $75 million term loan facility and revised $25 million revolving credit line, planning to use these funds along with company cash to retire outstanding Convertible Notes due February 2026. Total cash and investments stood at $152.4 million as of March 31, 2025, showing strong financial health.

Mitek Systems (NASDAQ: MITK) has appointed Garrett Gafke as Chief Operating Officer to accelerate growth and innovation in digital identity verification and fraud prevention. Gafke, a recognized entrepreneur and former CEO of IdentityMind, brings extensive experience in scaling technology businesses.

The appointment aligns with Mitek's strategy to streamline operations and expand its global leadership position. Gafke's compensation package includes inducement awards with a grant date fair value of $4 million, comprising 75% ($3 million) in performance-vesting restricted stock units (PSUs) and 25% ($1 million) in service-based restricted stock units (RSUs).

The PSUs include 360,576 units tied to stock price performance goals compared to the Russell 2000, with potential for additional 360,576 units for above-target performance. The 120,192 RSUs will vest in four equal annual installments, subject to continuous employment.

Mitek Systems (NASDAQ: MITK), a global leader in digital identity verification, mobile capture, and fraud management, has scheduled its fiscal 2025 second quarter financial results announcement for May 8, 2025, after U.S. market close. The company will host a conference call and webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time), led by CEO Ed West and CFO Dave Lyle.

Mitek currently serves 7,900 organizations globally, including a majority of North American financial institutions that utilize their mobile check deposit solutions. The company specializes in digital access technologies, offering advanced identity verification technologies and a global platform designed to enhance digital access security while streamlining customer journeys.