Mitek Systems Inc
NASDAQ:MITK
Income Statement
Earnings Waterfall
Mitek Systems Inc
Revenue
|
172.6m
USD
|
Cost of Revenue
|
-23m
USD
|
Gross Profit
|
149.6m
USD
|
Operating Expenses
|
-128.5m
USD
|
Operating Income
|
21.1m
USD
|
Other Expenses
|
-13.1m
USD
|
Net Income
|
8m
USD
|
Income Statement
Mitek Systems Inc
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
15
N/A
|
16
+8%
|
17
+8%
|
18
+5%
|
19
+7%
|
20
+5%
|
21
+6%
|
23
+8%
|
25
+10%
|
27
+8%
|
30
+10%
|
33
+9%
|
35
+5%
|
37
+5%
|
39
+8%
|
42
+7%
|
45
+8%
|
48
+6%
|
51
+6%
|
55
+8%
|
64
+15%
|
69
+9%
|
75
+8%
|
81
+8%
|
85
+5%
|
89
+5%
|
92
+4%
|
96
+4%
|
101
+6%
|
105
+4%
|
111
+5%
|
117
+6%
|
120
+2%
|
126
+5%
|
131
+4%
|
138
+6%
|
144
+4%
|
156
+8%
|
168
+8%
|
172
+2%
|
173
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(14)
|
(14)
|
(17)
|
(20)
|
(24)
|
(26)
|
(25)
|
(23)
|
|
Gross Profit |
13
N/A
|
14
+7%
|
15
+9%
|
16
+4%
|
17
+6%
|
18
+6%
|
19
+6%
|
21
+9%
|
23
+10%
|
24
+7%
|
27
+11%
|
30
+9%
|
31
+6%
|
33
+6%
|
36
+8%
|
38
+6%
|
41
+8%
|
44
+5%
|
45
+5%
|
48
+6%
|
55
+14%
|
59
+8%
|
64
+7%
|
69
+8%
|
72
+5%
|
77
+6%
|
80
+4%
|
83
+4%
|
88
+6%
|
91
+3%
|
96
+5%
|
102
+7%
|
105
+3%
|
113
+7%
|
117
+4%
|
122
+4%
|
124
+2%
|
132
+6%
|
143
+8%
|
147
+3%
|
150
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(20)
|
(22)
|
(23)
|
(23)
|
(23)
|
(22)
|
(20)
|
(19)
|
(20)
|
(21)
|
(23)
|
(26)
|
(27)
|
(30)
|
(32)
|
(34)
|
(36)
|
(40)
|
(44)
|
(49)
|
(59)
|
(66)
|
(71)
|
(75)
|
(73)
|
(71)
|
(71)
|
(73)
|
(76)
|
(78)
|
(82)
|
(85)
|
(90)
|
(93)
|
(96)
|
(104)
|
(108)
|
(112)
|
(119)
|
(121)
|
(128)
|
|
Selling, General & Administrative |
(14)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(15)
|
(14)
|
(14)
|
(15)
|
(17)
|
(18)
|
(20)
|
(21)
|
(23)
|
(24)
|
(26)
|
(28)
|
(31)
|
(33)
|
(39)
|
(44)
|
(46)
|
(49)
|
(47)
|
(45)
|
(46)
|
(47)
|
(47)
|
(47)
|
(49)
|
(50)
|
(54)
|
(56)
|
(57)
|
(61)
|
(64)
|
(68)
|
(72)
|
(76)
|
(82)
|
|
Research & Development |
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(12)
|
(14)
|
(16)
|
(17)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(23)
|
(24)
|
(26)
|
(28)
|
(28)
|
(29)
|
(30)
|
(31)
|
(30)
|
(28)
|
(28)
|
(27)
|
(29)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(4)
|
(5)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(12)
|
(14)
|
(16)
|
(18)
|
(18)
|
(17)
|
|
Operating Income |
(7)
N/A
|
(7)
-2%
|
(7)
+3%
|
(7)
+6%
|
(5)
+21%
|
(4)
+30%
|
(1)
+71%
|
2
N/A
|
3
+106%
|
3
-2%
|
4
+21%
|
4
+5%
|
4
-3%
|
4
-9%
|
4
+16%
|
4
-3%
|
5
+27%
|
4
-28%
|
1
-64%
|
(1)
N/A
|
(4)
-510%
|
(7)
-82%
|
(8)
-15%
|
(6)
+20%
|
(0)
+97%
|
5
N/A
|
8
+60%
|
10
+22%
|
12
+20%
|
13
+7%
|
14
+9%
|
18
+24%
|
16
-11%
|
19
+22%
|
21
+9%
|
18
-17%
|
16
-7%
|
20
+21%
|
24
+25%
|
26
+7%
|
21
-19%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(4)
|
(5)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(7)
|
(6)
|
(6)
|
(6)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
1
|
1
|
4
|
|
Pre-Tax Income |
(7)
N/A
|
(7)
-2%
|
(7)
+3%
|
(7)
+6%
|
(5)
+22%
|
(4)
+31%
|
(1)
+74%
|
1
N/A
|
2
+100%
|
2
-24%
|
2
+10%
|
2
+24%
|
2
-4%
|
2
-18%
|
2
+38%
|
2
-5%
|
3
+47%
|
2
-48%
|
(1)
N/A
|
(6)
-691%
|
(9)
-57%
|
(11)
-28%
|
(12)
-4%
|
(10)
+12%
|
(4)
+61%
|
1
N/A
|
4
+225%
|
8
+116%
|
9
+15%
|
10
+11%
|
11
+3%
|
12
+16%
|
9
-30%
|
10
+15%
|
9
-10%
|
5
-48%
|
3
-43%
|
4
+55%
|
11
+157%
|
12
+14%
|
10
-15%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
(0)
|
0
|
0
|
0
|
0
|
11
|
12
|
12
|
13
|
2
|
2
|
3
|
5
|
3
|
2
|
1
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(1)
|
(3)
|
(5)
|
(2)
|
|
Income from Continuing Operations |
(7)
|
(7)
|
(7)
|
(7)
|
(5)
|
(4)
|
(1)
|
2
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
14
|
13
|
11
|
8
|
(7)
|
(9)
|
(8)
|
(6)
|
(1)
|
3
|
5
|
6
|
8
|
9
|
10
|
11
|
8
|
9
|
8
|
5
|
3
|
3
|
8
|
8
|
8
|
|
Net Income (Common) |
(7)
N/A
|
(7)
-2%
|
(7)
+3%
|
(7)
+6%
|
(5)
+22%
|
(4)
+31%
|
(1)
+74%
|
2
N/A
|
3
+58%
|
2
-17%
|
2
+3%
|
2
-8%
|
2
+2%
|
2
-17%
|
2
+38%
|
2
-5%
|
14
+544%
|
9
-36%
|
7
-27%
|
3
-52%
|
(12)
N/A
|
(9)
+22%
|
(9)
+5%
|
(6)
+30%
|
(1)
+89%
|
3
N/A
|
5
+54%
|
6
+31%
|
8
+28%
|
9
+21%
|
10
+1%
|
11
+17%
|
8
-28%
|
9
+12%
|
8
-6%
|
5
-38%
|
3
-42%
|
3
+1%
|
8
+156%
|
8
-3%
|
8
+6%
|