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Upturn AI SWOT - About
MITK 
Mitek Systems Inc (MITK)
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Upturn Advisory Summary
08/28/2025: MITK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $13
1 Year Target Price $13
| 3 | Strong Buy |
| 2 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -45.41% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 464.23M USD | Price to earnings Ratio 30.82 | 1Y Target Price 13 |
Price to earnings Ratio 30.82 | 1Y Target Price 13 | ||
Volume (30-day avg) 6 | Beta 1.14 | 52 Weeks Range 6.93 - 11.78 | Updated Date 08/29/2025 |
52 Weeks Range 6.93 - 11.78 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.33 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.19 | Actual 0.22 |
Profitability
Profit Margin 8.71% | Operating Margin (TTM) 8.33% |
Management Effectiveness
Return on Assets (TTM) 3.03% | Return on Equity (TTM) 6.94% |
Valuation
Trailing PE 30.82 | Forward PE 10.17 | Enterprise Value 449886488 | Price to Sales(TTM) 2.61 |
Enterprise Value 449886488 | Price to Sales(TTM) 2.61 | ||
Enterprise Value to Revenue 2.53 | Enterprise Value to EBITDA 10.91 | Shares Outstanding 45647000 | Shares Floating 44853703 |
Shares Outstanding 45647000 | Shares Floating 44853703 | ||
Percent Insiders 2.77 | Percent Institutions 76.25 |
Upturn AI SWOT
Mitek Systems Inc
Company Overview
History and Background
Mitek Systems, Inc. was founded in 1985. Originally focused on document recognition, it evolved to specialize in digital identity verification solutions. A significant milestone was its IPO in 2011 and subsequent growth in mobile capture and identity verification technologies.
Core Business Areas
- Digital Identity Verification: Provides solutions for verifying identities using mobile capture and biometric technologies, detecting fraud, and streamlining customer onboarding processes.
Leadership and Structure
The leadership team consists of the CEO, CFO, CTO, and other key executives. The organizational structure is designed to support product development, sales, marketing, and customer support functions.
Top Products and Market Share
Key Offerings
- Mobile Verify: A mobile identity verification solution. Market share data is difficult to obtain precisely, but Mitek is considered a leader in this segment. Competitors include Jumio, Onfido (now Entrust), and Socure. Revenue data is not publicly broken down product by product.
- IDLive Face: A facial biometrics platform for identity authentication. Market share data is not publicly broken down by product. Competitors include Aware, Idemia and Thales Group. Revenue data is not publicly broken down product by product.
Market Dynamics
Industry Overview
The digital identity verification market is experiencing rapid growth, driven by increasing fraud, regulatory compliance requirements, and the need for seamless customer experiences. The industry is characterized by technological innovation and competition.
Positioning
Mitek Systems Inc. is positioned as a leading provider of mobile capture and identity verification solutions. Its competitive advantages include its technology, market experience, and strong customer relationships.
Total Addressable Market (TAM)
The TAM for digital identity verification is estimated to be in the tens of billions of dollars. Mitek is well positioned to capture a significant share of this market with its suite of products.
Upturn SWOT Analysis
Strengths
- Technology leadership
- Strong customer relationships
- Experienced management team
- Focus on a high-growth market
Weaknesses
- Reliance on key partners
- Competition from larger players
- Potential regulatory risks
- Slower than expected growth in certain products
Opportunities
- Expansion into new markets
- Development of new products and services
- Acquisitions of complementary technologies
- Increased adoption of digital identity verification solutions
Threats
- Intense competition
- Rapid technological changes
- Economic downturn
- Increased regulatory scrutiny
Competitors and Market Share
Key Competitors
- JUMD
- ENTR
- SOCU
Competitive Landscape
Mitek Systems Inc. has advantages in specific niches, but faces intense competition from larger, well-funded players. The competitive landscape is characterized by technological innovation and pricing pressures.
Major Acquisitions
ICAR
- Year: 2015
- Acquisition Price (USD millions): 12
- Strategic Rationale: Expand identity verification capabilities.
Growth Trajectory and Initiatives
Historical Growth: Mitek has experienced growth driven by the increasing adoption of its identity verification solutions. Growth rates have varied depending on market conditions and product adoption.
Future Projections: Analyst estimates for Mitek's future growth are available from financial analysis platforms and brokerage reports. These projections consider factors such as market growth, competitive landscape, and the company's strategic initiatives.
Recent Initiatives: Recent strategic initiatives likely include product enhancements, market expansions, and partnerships aimed at driving future growth.
Summary
Mitek Systems is a player in the growing digital identity verification market, demonstrating strong technology and customer relationships. However, competition is fierce and it is reliant on key partners and it doesn't currently pay dividends. The company needs to capitalize on opportunities for expansion and monitor regulatory risks to sustain long-term success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings (10-K, 10-Q)
- Market Research Reports
- Financial News Articles
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market data and financial information are subject to change. Market share data are estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Mitek Systems Inc
Exchange NASDAQ | Headquaters San Diego, CA, United States | ||
IPO Launch date 1995-05-26 | CEO & Director Mr. Edward H. West | ||
Sector Technology | Industry Software - Application | Full time employees 565 | Website https://www.miteksystems.com |
Full time employees 565 | Website https://www.miteksystems.com | ||
Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted consortium designed to combat check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end identity verification solution designed for KYC process; and MiPass, an authentication solution, including facial and voice biometrics to safeguard against sophisticated fraud techniques. Further, the company provides IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.
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