Mitek systems, inc. (MITK)
Income statement / TTM
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

92,183

88,974

84,590

80,609

74,812

69,106

63,559

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Software and hardware

-

-

-

-

-

-

-

-

-

-

-

27,784

26,080

23,839

-

21,501

20,416

18,853

17,870

16,257

14,759

13,888

13,312

12,745

12,262

11,315

10,716

7,964

7,734

6,065

6,386

0

0

0

-

-

-

-

-

SaaS, maintenance, and consulting

-

-

-

-

-

-

-

-

-

-

-

14,372

13,383

12,727

-

11,395

9,815

8,528

7,497

6,787

6,505

6,188

5,838

5,248

4,953

4,640

4,086

3,670

3,180

2,817

2,706

0

0

0

-

-

-

-

-

Software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Total revenue

-

-

-

-

-

-

-

-

-

-

-

42,156

39,463

36,566

-

32,896

30,231

27,381

25,367

23,044

21,264

20,076

19,150

17,993

17,215

15,956

14,803

11,635

10,915

8,882

9,092

10,913

10,705

12,381

10,265

0

0

0

-

Operating costs and expenses
Cost of revenuesoftware and hardware

-

-

-

-

-

-

-

-

-

-

-

1,046

799

777

-

966

1,075

1,168

992

918

946

893

1,001

945

891

873

744

699

629

585

540

0

0

0

-

-

-

-

-

Software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cost of sales-software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cost of revenueSaaS, maintenance, and consulting

-

-

-

-

-

-

-

-

-

-

-

2,797

2,655

2,567

-

2,313

2,003

1,747

1,479

1,255

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cost of revenue-maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue-maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

819

779

716

723

0

0

0

-

-

-

-

-

Cost of revenue-software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Cost of revenue-maintenance and professional services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Selling and marketing

28,223

27,527

27,405

26,732

25,537

24,133

21,700

19,318

17,065

15,421

14,484

14,010

13,463

12,312

10,937

9,900

8,606

7,482

6,458

5,741

5,905

6,424

6,836

7,316

6,968

6,438

5,852

4,951

4,568

3,863

3,450

3,420

3,009

2,862

2,410

1,856

0

0

0

Research and development

18,669

19,140

19,018

19,172

18,670

16,881

15,673

13,868

12,359

11,259

10,430

9,838

9,126

8,538

7,794

7,140

6,553

6,128

5,577

5,170

5,406

5,649

6,020

6,519

6,905

6,916

6,793

6,657

6,798

6,887

6,664

6,052

4,673

3,585

2,996

2,462

0

0

0

General and administrative

19,690

19,307

19,861

22,281

20,446

19,392

17,067

13,491

13,615

12,584

11,310

10,386

9,205

8,727

8,575

8,357

7,979

7,527

7,601

8,366

8,865

9,721

9,554

8,972

8,701

8,181

7,853

7,355

6,949

6,101

5,595

5,278

4,436

3,971

3,431

2,700

0

0

0

Acquisition-related costs and expenses

7,150

7,344

7,563

7,984

9,377

8,807

8,239

6,306

3,782

3,097

2,356

2,202

2,128

2,151

2,176

2,376

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

0

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs and expenses

89,201

88,706

89,180

91,094

85,251

79,160

71,365

60,133

52,475

47,128

42,621

40,279

37,376

35,072

32,877

30,950

28,670

25,965

23,475

22,181

22,360

23,870

24,558

24,812

24,442

23,370

22,102

20,483

19,725

18,154

16,973

15,992

13,439

11,685

10,009

0

0

0

-

Total costs and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Operating income (loss)

2,982

268

-4,590

-10,485

-10,439

-10,054

-7,806

-4,707

-1,360

1,129

2,769

1,877

2,087

1,494

1,824

1,946

1,561

1,416

1,892

863

-1,095

-3,793

-5,408

-6,819

-7,226

-7,414

-7,299

-8,848

-8,809

-9,271

-7,881

-5,079

-2,734

696

256

-75

0

0

0

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other expense (See Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other income, net

783

891

602

274

-1,175

-1,111

-935

-836

664

527

402

304

200

163

134

134

119

111

91

85

74

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-179

-119

-57

7

194

134

72

389

0

0

0

-

Interest and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-150

-85

-21

44

225

154

83

10

0

0

0

-

Total other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

29

34

36

37

30

19

11

-378

0

0

0

-

Income (loss) before income taxes

3,765

1,159

-3,988

-10,211

-11,614

-11,165

-8,741

-5,543

-696

1,656

3,171

2,181

2,287

1,657

1,958

2,080

1,680

1,527

1,983

997

-973

-3,673

-5,290

-6,762

-7,181

-7,382

-7,274

-8,819

-8,775

-9,234

-7,844

-5,048

-2,714

707

-122

0

0

0

-

INCOME (LOSS) BEFORE INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Income tax benefit (provision)

-841

-1,823

-3,264

-4,123

-2,841

-1,948

3,066

-8,729

-7,282

-7,307

-10,921

-5

-22

-17

-1

127

-451

-529

-543

-575

2

3

2

3

0

0

-

-

0

-

-4

0

0

5

2

2

0

0

0

Net income (loss)

4,651

3,027

-724

-6,133

-8,818

-9,262

-11,807

3,186

6,586

8,963

14,092

2,186

2,309

1,674

1,959

1,953

2,131

2,057

2,526

1,573

-976

-3,677

-5,292

-6,764

-7,184

-7,384

-7,275

-8,815

-8,771

-9,225

-7,839

-5,049

-2,715

701

-125

-552

0

0

0

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)

4,651

3,027

-724

-6,133

-8,818

-9,262

-11,807

3,186

6,586

8,963

14,092

2,186

2,309

1,674

1,959

1,953

2,131

2,057

2,526

1,573

-976

-3,677

-5,292

-6,764

-7,184

-7,384

-7,275

-8,815

-8,771

-9,225

-7,839

-5,049

-2,715

701

-125

-552

0

0

0

Foreign currency translation adjustment

0

0

-

-1,623

0

0

-

-114

1,104

778

-

74

-213

-286

-46

-97

-129

-130

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on investments

68

18

29

44

80

62

-10

-24

-72

-57

-19

-49

-18

6

7

44

18

-12

5

-16

-22

-11

-10

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive income (loss)

3,431

1,618

-4,199

-7,675

-12,080

-10,936

-12,540

2,998

7,610

9,673

14,281

2,211

2,078

1,394

1,920

1,901

2,021

1,915

2,531

1,555

-998

-3,688

-5,302

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Software and hardware
Total revenue

49,233

48,365

46,845

46,729

45,299

43,487

40,698

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

3,594

3,637

3,711

3,427

3,612

3,190

3,064

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services and other
Total revenue

42,950

40,609

37,745

33,880

29,513

25,619

22,861

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

8,922

8,684

8,555

8,284

7,609

6,757

5,622

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-