Mitek Systems, Inc. develops, sells, and services software solutions related to mobile imaging in the Unites States. The company offers Mobile Deposit, a software that allows users to remotely deposit a check using their camera-equipped smartphones or tablets; Mobile Photo Account Opening, a product, which enables users to open a checking, savings, or credit card account by capturing an image of the front and back of their driver’s license; and Mobile Photo Payments, a mobile direct bill pay solution that enables users to pay bills by taking a photo of their bill followed by a photo of the check or credit/debit card being used to pay the bill. It also provides Mobile Photo Bill Pay, a mobile...
8911 Balboa Avenue
San Diego, CA 92123
Founded in 1983
Mitek Announces New ID Authentication Technology, Photo Verify
May 12 15
Mitek announced a new ID authentication technology, Photo Verify. This is the mobile technology assured to instantly verify the authenticity of a driver license. Photo Verify combines company's MiSnap™ auto capture experience with advanced computer vision to instantly find and decode an encrypted security feature hidden on a driver license. When this security feature is detected by Photo Verify, the license is 100% authentic – this means zero false positives. This is superior to other validation solutions because it provides a highly accurate and fast result.
Mitek Announces Availability of New Mobile Web Capture for Driver Licenses
May 5 15
Mitek announced the availability of its Mobile Photo Account Opening™ for the Mobile Web. This new technology significantly improves funnel metrics by reducing abandonment. This is accomplished by enabling consumers to take photos of driver licenses from the mobile browser to easily pre-fill data into forms. Mitek's new Mobile Photo Account Opening for Mobile Web provides a fast, accurate and seamless user experience for consumers because there is no application to download. Users interact with the camera directly from their mobile browsing session, causing no disruption in the mobile enrollment process. Mobile Photo Account Opening for Mobile Web optimizes the mobile user experience for DDA account opening, credit card applications, loan origination and more. It is also easy for businesses to implement. Simply embed the Mitek Mobile Web Capture SDK into a mobile website for a turnkey image capture solution. The proprietary technology provides real-time guidance to enhance image capture. Mitek Mobile Web also ensures that no images are saved to the consumer's mobile device to maximize security.
Mitek Systems, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2015
Apr 30 15
Mitek Systems, Inc. reported unaudited earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company's total revenue was $5,672,326 compared to $4,484,138 a year ago. Operating income was $486,494 compared to operating loss of $2,211,523 a year ago. Profit before income taxes was $507,650 compared to loss before income taxes of $2,191,847 a year ago. Net profit was $507,650 or $0.02 per basic and diluted share compared to net loss of $2,193,017 or $0.07 loss per basic and diluted share a year ago. Non-GAAP profit before income taxes was $1,657,890 compared to non-GAAP loss before income taxes of $41,568 a year ago. Non-GAAP net profit was $1,657,890 or $0.05 per basic and diluted share compared to net loss of $42,738 or $0.00 per basic and diluted share a year ago.
For the six months, the company's total revenue was $11,061,649 compared to $8,946,662 a year ago. Operating profit was $620,368 compared to operating loss of $3,692,371 a year ago. Profit before income taxes was $656,727 compared to loss before income taxes of $3,659,186 a year ago. Net profit was $653,830 or $0.02 per basic and diluted share compared to net loss of $3,661,317 or $0.12 loss per basic and diluted share a year ago. Non-GAAP profit before income taxes was $3,121,769 compared to non-GAAP loss before income taxes of $175,508 a year ago. Non-GAAP net profit was $3,188,872 or $0.10 per basic and diluted share compared to net loss of $177,639 or $0.01 loss per basic and diluted share a year ago.