MITEK SYSTEMS, INC.
Balance Sheet
| Line Item | Jun 2022 | Mar 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $21.5M | $24.0M | — | $24.2M | $30.3M | $40.5M | $53.9M | $26.7M |
| Accounts Receivable | $29.6M | $23.8M | — | $16.9M | $16.6M | $18.6M | $14.2M | $12.7M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $112.0M | $94.4M | — | $188.3M | $204.1M | $205.2M | $207.2M | $87.5M |
| Property, Plant & Equipment | $3.8M | $3.9M | — | $3.7M | $3.7M | $3.6M | $3.5M | $3.7M |
| Goodwill | $127.2M | $134.8M | $103.4M | $62.3M | $63.1M | $67.1M | $35.7M | $37.3M |
| Intangible Assets (Excl. Goodwill) | $85.7M | $96.4M | — | $26.3M | $28.7M | $28.6M | $16.0M | $18.4M |
| Total Assets | $374.0M | $383.7M | — | $403.0M | $419.7M | $422.4M | $355.8M | $177.0M |
| Liabilities | ||||||||
| Accounts Payable | $4.0M | $6.7M | — | $2.6M | $2.5M | $2.6M | $2.9M | $3.5M |
| Total Current Liabilities | $44.9M | $40.7M | — | $32.8M | $39.2M | $37.6M | $24.6M | $23.2M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $198.3M | $198.8M | — | $215.6M | $226.9M | $233.9M | $188.1M | $35.3M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-17.7M | $-17.5M | — | $-13.2M | $-6.1M | $-7.8M | $-10.8M | $-11.8M |
| Total Stockholders' Equity | $175.7M | $184.9M | — | $187.4M | $192.8M | $188.5M | $167.7M | $141.8M |
Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.