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Upturn AI SWOT - About
MITK 
Mitek Systems Inc (MITK)
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Upturn Advisory Summary
07/11/2025: 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 -43.54% | Avg. Invested days 31 | 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 07/11/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 435.59M USD | Price to earnings Ratio 32.97 | 1Y Target Price 13 |
Price to earnings Ratio 32.97 | 1Y Target Price 13 | ||
Volume (30-day avg) 6 | Beta 1.15 | 52 Weeks Range 6.93 - 13.72 | Updated Date 07/12/2025 |
52 Weeks Range 6.93 - 13.72 | Updated Date 07/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.29 |
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 - | When - | Estimate - | Actual - |
Profitability
Profit Margin 7.51% | Operating Margin (TTM) 21.94% |
Management Effectiveness
Return on Assets (TTM) 2.78% | Return on Equity (TTM) 6.11% |
Valuation
Trailing PE 32.97 | Forward PE 9.96 | Enterprise Value 450119799 | Price to Sales(TTM) 2.46 |
Enterprise Value 450119799 | Price to Sales(TTM) 2.46 | ||
Enterprise Value to Revenue 2.54 | Enterprise Value to EBITDA 11.82 | Shares Outstanding 45564200 | Shares Floating 44770932 |
Shares Outstanding 45564200 | Shares Floating 44770932 | ||
Percent Insiders 2.78 | Percent Institutions 78.57 |
Upturn AI SWOT
Mitek Systems Inc
Company Overview
History and Background
Mitek Systems, Inc. was founded in 1986. It has evolved from focusing on image recognition to specializing in digital identity verification solutions, particularly for mobile banking and fraud prevention. Significant milestones include the introduction of Mobile Deposit and expansion into identity verification services.
Core Business Areas
- Digital Identity Verification: Provides technology that verifies a user's identity during digital transactions. This includes document verification, facial biometrics, and liveness detection to prevent fraud and ensure compliance.
Leadership and Structure
The leadership team typically consists of a CEO, CFO, CTO, and other executive officers. Organizational structure is likely hierarchical with functional departments such as Sales, Marketing, Engineering, and Finance.
Top Products and Market Share
Key Offerings
- Mobile Verify: A solution for verifying identities using a mobile device by capturing images of identity documents and using facial biometrics. Market share data unavailable. Competitors include Jumio, Onfido, and Socure.
- IDLive Face: A facial biometric authentication and liveness detection product used to prevent fraud and ensure users are present and genuine during online transactions. Market share data unavailable. Competitors include iProov, FaceTec, and Veriff.
Market Dynamics
Industry Overview
The digital identity verification market is growing rapidly, driven by increasing online fraud, regulatory compliance requirements (e.g., KYC), and the need for seamless customer experiences. Growth is supported by the acceleration of online banking and e-commerce.
Positioning
Mitek Systems Inc. is positioned as a leading provider of mobile identity verification solutions, particularly within the financial services industry. Their focus on mobile and biometric technology gives them a competitive edge.
Total Addressable Market (TAM)
The global identity verification market is projected to reach hundreds of billions of USD by 2030. Mitek is positioned to capitalize on this growth by securing customers in the financial services and other industries.
Upturn SWOT Analysis
Strengths
- Strong focus on mobile identity verification
- Advanced biometric technology
- Established presence in the financial services industry
- High accuracy and fraud detection rates
Weaknesses
- Reliance on specific industries (financial services)
- Vulnerability to changing regulations
- Limited geographic diversity
- Relatively smaller size compared to larger competitors
Opportunities
- Expansion into new industries (e.g., healthcare, government)
- Partnerships and integrations with other technology providers
- Development of new identity verification solutions (e.g., decentralized identity)
- Growth in emerging markets
Threats
- Increasing competition from larger players
- Rapid technological advancements
- Data security and privacy concerns
- Economic downturns
Competitors and Market Share
Key Competitors
- JUMBO
- ONDO
Competitive Landscape
Mitek faces competition from both established players and emerging startups in the digital identity verification market. Their competitive advantage lies in their mobile-first approach and strong relationships in the financial services industry. They must continue to innovate and expand their offerings to maintain their position.
Growth Trajectory and Initiatives
Historical Growth: Data unavailable.
Future Projections: Analyst estimates project continued growth in revenue driven by increasing adoption of digital identity verification solutions.
Recent Initiatives: Recent initiatives likely include product updates, partnerships, and market expansion efforts.
Summary
Mitek Systems is a major player in digital identity verification with a strong focus on mobile solutions. Their success hinges on continued innovation and expansion into new markets. While they face strong competition, their established presence in the financial services sector provides a solid foundation for future growth. Threats to look out for are economic downturns and data security and privacy concerns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Analyst Reports
- Public Filings
Disclaimers:
The information provided is for informational purposes only and should not be construed as financial advice. Market share and financial data are estimates and may not be precise. Actual results may vary.
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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