Mitek systems, inc. (MITK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Total revenue

23,192

22,067

25,018

21,906

19,983

17,683

21,037

16,109

14,277

12,136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Software and hardware

-

-

-

-

-

-

-

-

-

-

-

7,464

7,797

5,983

-

5,760

5,556

4,730

5,455

4,675

3,993

3,746

3,843

3,176

3,122

3,169

3,276

2,694

2,174

2,570

524

2,463

505

2,892

-

-

-

-

-

SaaS, maintenance, and consulting

-

-

-

-

-

-

-

-

-

-

-

4,334

3,622

3,286

-

3,345

2,966

2,674

2,410

1,765

1,679

1,642

1,700

1,483

1,362

1,292

1,110

1,187

1,049

738

694

697

686

627

-

-

-

-

-

Software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,375

2,338

940

-

Maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

578

530

462

-

Total revenue

-

-

-

-

-

-

-

-

-

-

-

11,798

11,419

9,269

-

9,105

8,522

7,404

7,865

6,440

5,672

5,389

5,543

4,659

4,484

4,462

4,387

3,882

3,224

3,309

1,219

3,161

1,191

3,519

3,040

2,953

2,868

1,403

-

Operating costs and expenses
Cost of revenuesoftware and hardware

-

-

-

-

-

-

-

-

-

-

-

404

154

214

-

157

132

390

287

266

225

213

213

293

172

321

157

240

154

192

112

170

109

147

-

-

-

-

-

Software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

370

Maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

452

Total sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

822

Cost of sales-software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

Cost of revenueSaaS, maintenance, and consulting

-

-

-

-

-

-

-

-

-

-

-

778

676

677

-

636

588

552

537

326

332

283

-

313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

Cost of revenue-maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

276

249

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue-maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

229

262

147

179

188

200

154

-

-

-

-

-

Cost of revenue-software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

308

113

92

-

Cost of revenue-maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128

142

115

-

Selling and marketing

7,448

7,330

6,510

6,935

6,752

7,208

5,837

5,740

5,348

4,775

3,455

3,487

3,704

3,838

2,981

2,940

2,553

2,463

1,944

1,646

1,429

1,438

1,228

1,810

1,947

1,849

1,709

1,461

1,417

1,264

808

1,078

712

850

778

667

564

399

224

Research and development

4,819

4,610

4,577

4,663

5,290

4,488

4,731

4,161

3,501

3,280

2,926

2,652

2,401

2,451

2,334

1,940

1,813

1,707

1,680

1,353

1,388

1,155

1,274

1,589

1,630

1,525

1,773

1,976

1,641

1,402

1,637

2,117

1,730

1,179

1,025

738

642

589

491

General and administrative

5,210

5,288

4,118

5,074

4,827

5,842

6,538

3,239

3,773

3,517

2,962

3,363

2,742

2,243

2,038

2,182

2,264

2,091

1,820

1,804

1,812

2,164

2,585

2,302

2,668

1,997

2,004

2,032

2,147

1,668

1,506

1,626

1,299

1,163

1,189

784

834

623

458

Acquisition-related costs and expenses

1,579

1,608

2,202

1,761

1,773

1,827

2,623

3,154

1,203

1,259

690

630

518

518

536

556

541

543

-

736

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

-114

-

-

3,214

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs and expenses

22,128

21,769

20,489

24,815

21,633

22,243

22,403

18,972

15,542

14,448

11,171

11,314

10,195

9,941

8,829

8,411

7,891

7,746

6,902

6,131

5,186

5,255

5,608

6,310

6,695

5,943

5,863

5,939

5,623

4,675

4,244

5,181

4,052

3,495

3,263

2,628

2,298

1,819

-

Total costs and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,377

Operating income (loss)

1,064

298

4,529

-2,909

-1,650

-4,560

-1,366

-2,863

-1,265

-2,312

1,733

484

1,224

-672

841

694

631

-342

963

309

486

133

-65

-1,650

-2,211

-1,480

-1,476

-2,057

-2,399

-1,366

-3,025

-2,019

-2,860

23

-223

325

570

-416

-555

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

19

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other expense (See Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other income, net

32

303

350

98

140

14

22

-1,351

204

190

121

149

67

65

23

45

30

36

23

30

22

15

-

17

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-91

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

1

1

2

-184

62

62

67

2

2

0

384

-

Interest and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

7

8

8

-174

72

72

74

6

2

0

1

-

Total other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

5

6

6

10

10

9

6

3

-0

0

-383

-

Income (loss) before income taxes

1,096

601

4,879

-2,811

-1,510

-4,546

-1,344

-4,214

-1,061

-2,122

1,854

633

1,291

-607

864

739

661

-306

986

339

508

149

1

-1,632

-2,191

-1,467

-1,470

-2,052

-2,392

-1,359

-3,014

-2,008

-2,851

30

-219

325

570

-799

-

INCOME (LOSS) BEFORE INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-646

Income tax benefit (provision)

188

41

1,642

-2,712

-794

-1,400

783

-1,430

99

3,614

-11,012

17

74

0

-96

0

79

16

32

-578

0

2

-0

0

1

0

-

-

0

-

-4

0

-3

4

0

0

0

1

0

Net income (loss)

908

560

3,282

-99

-716

-3,191

-2,127

-2,784

-1,160

-5,736

12,866

616

1,217

-607

960

739

582

-322

954

917

508

146

1

-1,632

-2,193

-1,468

-1,470

-2,052

-2,393

-1,359

-3,010

-2,008

-2,847

26

-219

325

569

-800

-646

Net loss per share - basic and diluted (in dollars per share)

-

-

-

0.00

-

-

-

-0.08

-0.03

-0.17

-

-

-

-0.02

-

-

-

-0.01

-

-

-

-

-

-

-

-0.05

-

-0.08

-0.09

-0.05

-

-0.08

-0.11

-

-

-

-

-

-

Shares used in calculating net loss per share - basic and diluted (in shares)

-

-

-

39,936

-

-

-

36,190

34,976

34,207

-

-

-

32,377

-

-

-

31,094

-

-

-

-

-

-

-

-

-

27,109

26,473

26,024

-

25,613

25,013

-

-

-

-

-

-

Net income (loss) per share – basic (in dollars per share)

0.02

0.01

-

-

-0.02

-0.08

-

-

-

-

-

0.02

0.04

-

-

0.02

0.02

-

0.03

0.03

0.02

0.00

-

-0.05

-0.07

-

-

-

-

-

-

-

-

0.00

-

0.01

0.03

-0.04

-0.04

Net income (loss) per share - diluted (in dollars per share)

0.02

0.01

-

-

-0.02

-0.08

-

-

-

-

-

0.02

0.03

-

-

0.02

0.02

-

0.03

0.03

0.02

0.00

-

-0.05

-0.07

-

-

-

-

-

-

-

-

0.00

-

0.01

0.02

-0.04

-0.04

Shares used in calculating net income (loss) per share – basic (in shares)

41,022

40,615

-

-

38,926

38,247

-

-

-

-

-

33,024

32,786

-

-

31,823

31,325

-

31,079

30,764

30,697

30,618

30,527

30,481

30,453

30,402

-

-

-

-

-

-

-

24,390

-

22,574

20,542

18,845

16,867

Shares used in calculating net income (loss) per share – diluted (in shares)

42,028

41,828

-

-

38,926

38,247

-

-

-

-

-

35,610

34,815

-

-

34,531

33,133

-

31,779

31,645

31,321

31,173

30,527

30,481

30,453

30,402

-

-

-

-

-

-

-

27,817

-

24,818

23,241

18,845

16,867

Other comprehensive income (loss)
Net income (loss)

908

560

3,282

-99

-716

-3,191

-2,127

-2,784

-1,160

-5,736

12,866

616

1,217

-607

960

739

582

-322

954

917

508

146

1

-1,632

-2,193

-1,468

-1,470

-2,052

-2,393

-1,359

-3,010

-2,008

-2,847

26

-219

325

569

-800

-646

Foreign currency translation adjustment

-1,100

1,300

-

800

-1,200

-800

-

-900

400

200

-

318

74

-370

52

31

1

-130

1

-1

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on investments

56

2

3

7

6

13

18

43

-12

-59

4

-5

3

-21

-26

26

27

-20

11

0

-4

-2

-10

-4

6

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive income (loss)

-100

1,815

994

722

-1,913

-4,002

-2,482

-3,683

-769

-5,606

13,056

929

1,294

-998

986

796

610

-472

967

916

504

143

-8

-1,637

-2,186

-1,469

-

-

-

-

-

-

-

-

-

-

-

-

-

Software and hardware
Total revenue

11,453

11,515

14,377

11,888

10,585

9,995

14,261

10,458

8,773

7,206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

864

771

1,121

838

907

845

837

1,023

485

719

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services and other
Total revenue

11,739

10,552

10,641

10,018

9,398

7,688

6,776

5,651

5,504

4,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

2,322

2,162

2,108

2,330

2,084

2,033

1,837

1,655

1,232

898

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-