NASDAQ$MITK
Mitek Systems Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported record revenue with significantly improved profitability and solid cash flow generation.
Mitek reported a record second quarter with a 16% increase in revenue and a significant increase in non-GAAP net income. Total revenue increased by $3.2 million year over year to $23.2 million. GAAP net income was $0.9 million, or $0.02 per diluted share. Non-GAAP net income was $5.4 million, or $0.13 per diluted share, an increase of 98% year over year.
- Total revenue increased by 16% year over year to $23.2 million.
- GAAP net income was $0.9 million, or $0.02 per diluted share.
- Non-GAAP net income was $5.4 million, or $0.13 per diluted share, an increase of 98% year over year.
- Total cash and investments were $42.5 million at the end of the fiscal second quarter.
Headline financials
Revenue & EPS history
Mitek · Revenue · Quarterly
$23.2M
Forward guidance
Due to the uncertainty of the full impact of the COVID-19 pandemic on the economy, its customers and its business, Mitek is withdrawing its previously provided guidance for the fiscal year 2020 ending September 30, 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.3%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-2.3%
Avg return
30 days after
45%
29 / 64 earnings
Positive
+24.5%
Q4 2024
Best reaction
-24.9%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +1.5% | -9.8% | -3.3% | |
| Q1 2026 | -0.3% | +17.4% | +48.7% | |
| Q4 2025 | +4.4% | +10.8% | +15.6% | |
| Q2 2025 | +10.8% | +9.0% | +16.5% | |
| Q1 2025 | -7.8% | -9.2% | -21.1% | |
| Q4 2024 | +24.5% | +30.2% | +15.6% | |
| Q3 2024 | -24.9% | -24.9% | -23.3% | |
| Q2 2024 | +3.5% | -2.5% | -14.7% | |
| Q1 2024 | -8.5% | -16.7% | -3.1% | |
| Q4 2023 | +2.5% | +2.8% | -1.8% | |
| Q3 2023 | -1.0% | +1.7% | +6.9% | |
| Q2 2023 | -6.4% | -10.8% | -17.9% | |
| Q1 2023 | +13.7% | +6.8% | -5.6% | |
| Q4 2022 | -0.5% | +3.1% | -5.6% | |
| Q3 2022 | +18.8% | +19.1% | +12.3% | |
| Q2 2022 | -12.3% | -11.9% | -27.2% | |
| Q1 2022 | +11.0% | +8.1% | +0.1% | |
| Q4 2021 | -4.1% | -4.5% | -11.8% | |
| Q3 2021 | +14.9% | +13.0% | +15.8% | |
| Q2 2021 | -2.9% | -6.4% | +1.6% | |
| Q1 2021 | -2.8% | -8.8% | -8.1% | |
| Q4 2020 | +7.7% | -6.3% | -11.2% | |
| Q3 2020 | +2.6% | +8.9% | +27.2% | |
| Q2 2020 | -7.9% | -5.5% | -1.8% | |
| Q1 2020 | +8.4% | +2.3% | -3.2% | |
| Q4 2019 | -17.7% | -19.7% | -25.8% | |
| Q3 2019 | -7.1% | -8.4% | -15.3% | |
| Q2 2019 | -7.6% | -8.1% | -14.3% | |
| Q1 2019 | -0.7% | -0.2% | -2.5% | |
| Q4 2018 | +4.9% | +3.6% | +4.4% | |
| Q3 2018 | -13.8% | -10.6% | -5.8% | |
| Q2 2018 | +16.1% | +14.2% | +11.6% | |
| Q1 2018 | -9.3% | -16.4% | -14.8% | |
| Q4 2017 | +14.3% | +2.9% | +0.0% | |
| Q3 2017 | -3.3% | -11.8% | -6.2% | |
| Q2 2017 | +6.7% | +1.8% | +1.2% | |
| Q1 2017 | -5.4% | -10.9% | -7.0% | |
| Q4 2016 | -10.1% | -0.8% | -13.2% | |
| Q3 2016 | -3.0% | -7.6% | -0.9% | |
| Q2 2016 | +18.4% | — | — | |
| Q1 2016 | -8.1% | — | — | |
| Q4 2015 | +16.9% | — | — | |
| Q3 2015 | -4.8% | — | — | |
| Q2 2015 | -4.0% | — | — | |
| Q1 2015 | +1.5% | — | — | |
| Q4 2014 | +6.1% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | -5.8% | — | — | |
| Q1 2014 | -4.2% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +10.1% | — | — | |
| Q2 2013 | -9.0% | — | — | |
| Q1 2013 | +14.3% | — | — | |
| Q4 2012 | -13.0% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | -12.2% | — | — | |
| Q1 2012 | -2.6% | — | — | |
| Q1 2011 | -2.6% | — | — | |
| Q4 2011 | -6.4% | — | — | |
| Q2 2011 | -6.4% | — | — | |
| Q3 2011 | +1.9% | — | — | |
| Q3 2010 | +1.9% | — | — | |
| Q4 2010 | +13.5% | — | — | |
| Q2 2010 | +1.3% | — | — |
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