Mitek Systems' (MITK) Q2 Earnings Decline, Revenues Rise Y/Y
Mitek Systems(MITK) Zacks Investment Research·2024-05-15 22:51
Mitek Systems (MITK) reported second-quarter fiscal 2024 earnings of 24 cents per share compared with 30 cents a year ago. The bottom line fell short of the Zacks Consensus Estimate of 27 cents per share. Revenues increased 2% year over year to $47 million from $46.1 million a year ago. The top-line beat the consensus estimate by 1.03%. Innovative product mix strategies, along with healthy adoption of its fraud management solutions, are cushioning the top-line performance. Flagship products such as Check Fr ...