Mitek Systems (MITK) Tops Q2 EPS by 1c; Raises Outlook

Mitek Systems (NASDAQ: MITK) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $14.3 million versus the consensus estimate of $13.41 million.

For the fiscal year ending September 30, 2018, the Company is raising its previously provided guidance for full year total revenue of $57 million to $59 million to a new range of $59 million to $60 million, which would represent growth between 30% and 32% year over year. The Company continues to expect to generate a non-GAAP profit margin of approximately 19% to 20% for fiscal 2018.

For earnings history and earnings-related data on Mitek Systems (MITK) click here.

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