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mitek systems inc (MITK) Snapshot

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02/28/14 - $5.60
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10/14/14 - $1.80
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mitek systems inc (MITK) Details

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 bill payment product, which allows users to pay their bills using their camera-equipped smartphone or tablet; and Mobile Balance Transfer that allows credit card issuers to transfer an existing credit card balance by capturing an image of the user’s current credit card statement, as well as maintenance and support services. The company markets and sells its mobile imaging software solutions through channel partners or directly to enterprise customers. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.

49 Employees
Last Reported Date: 12/5/14
Founded in 1983

mitek systems inc (MITK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $406.5K
Chief Financial Officer and Secretary
Total Annual Compensation: $236.8K
Chief Revenue Officer
Total Annual Compensation: $178.8K
Compensation as of Fiscal Year 2014.

mitek systems inc (MITK) Key Developments

Mitek Systems, Inc. Delivers New Mobile Deposit Solution Built for Business

Mitek Systems, Inc. announced the availability of Commercial Mobile Deposit Capture, the company's new mobile deposit solution created specifically to meet the needs of business users. Commercial Mobile Deposit Capture enables businesses of all types to easily capture important invoice documents and deposit checks from anywhere, with just a snap of the camera on a smartphone or tablet. With Mitek's new solution, instead of waiting to return to the home office or bank to deposit checks, an employee can snap a photo of a check and the associated invoice, for an instant deposit. It can also be customized so employees can process payments from anywhere, without full access to corporate accounts. Commercial Mobile Deposit Capture easily integrates with back office workflows, requires no special hardware and doesn't have the additional fees associated with processing credit card payments.

Mitek Systems, Inc. Announces Unaudited Earnings Results for the First Quarter Ended December 31, 2014

Mitek Systems, Inc. announced unaudited earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported total revenue of $5,389,322 compared to $4,462,524 a year ago. Operating profit was $133,874 compared to operating loss of $1,480,848 a year ago. Income before income taxes was $149,077 compared to loss before income taxes of $1,467,339 a year ago. Net income was $146,180 compared to net loss of $1,468,300 a year ago. Non-GAAP income before income taxes was $1,463,879 compared to non-GAAP loss before income taxes of $133,940 a year ago. Non-GAAP net income was $1,460,982 compared to non-GAAP net loss of $134,901 a year ago. Non-GAAP basic and diluted net income per share was $0.05 against nil a year ago.

Mitek Systems, Inc. Appoints Bill Aulet as Board of Director

Mitek Systems, Inc. announced the addition of Bill Aulet to the board of directors. Mr. Aulet serves as the Managing Director of the Martin Trust Center for MIT Entrepreneurship at MIT and a senior lecturer at the MIT Sloan School of Management.


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