Mitek Systems Q4 Earnings Below Analysts' Expectations
Tuesday, 19 March 2024, 20:21
Mitek Systems Q4 Earnings Analysis
Mitek Systems reported a lower-than-expected performance in the fourth quarter, recording a non-GAAP EPS of $0.15 and revenue of $37.66M, missing analysts' projections. This outcome contributed to a 2.5% decrease in the company's stock price.
Key Points:
- Disappointing EPS and Revenue: Mitek Systems fell short by $0.06 in non-GAAP EPS and missed revenue estimates by $4M.
- Market Reaction: The underperformance led to a 2.5% decline in Mitek Systems' share value.
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