MITEK SYSTEMS, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.4M | $34.7M | $25.4M | $19.2M | $14.8M | $9.1M | $10.3M | $5.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $10.4M | $7.8M | $5.6M | $6.0M | $6.8M | $6.7M | $3.0M | $2.0M |
| SG&A Expense | $11.3M | $8.6M | $7.6M | $9.6M | $7.9M | $5.6M | $3.4M | $1.6M |
| Operating Income | $2.8M | $1.8M | $1.9M | $-5.4M | $-7.3M | $-7.9M | $256.4K | $-383.7K |
| Operating Margin | 6.1% | 5.3% | 7.5% | -28.2% | -49.3% | -86.7% | 2.5% | -7.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $3.2M | $2.0M | $2.0M | $-5.3M | $-7.3M | $-7.8M | $-122.6K | $-680.0K |
| Income Tax Expense | $-10.9M | $-1.0K | $-543.0K | $2.0K | $1.1K | $-4.0K | $2.5K | $2.3K |
| Net Income | $14.1M | $2.0M | $2.5M | $-5.3M | $-7.3M | $-7.8M | $-125.1K | $-682.4K |
| Net Margin | 31.0% | 5.6% | 10.0% | -27.6% | -49.1% | -86.2% | -1.2% | -13.3% |
| EPS (Basic) | $0.43 | $0.06 | $0.08 | $-0.17 | $-0.26 | $-0.31 | $-0.01 | $-0.04 |
| EPS (Diluted) | $0.40 | $0.06 | $0.08 | $-0.17 | $-0.26 | $-0.31 | $-0.01 | $-0.04 |
| Shares Outstanding (Basic) | 33.1M | 31.6M | 30.8M | 30.5M | 27.5M | 25.1M | 21.5M | 17.8M |
| Shares Outstanding (Diluted) | 35.5M | 33.8M | 31.5M | 30.5M | 27.5M | 25.1M | 21.5M | 17.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |
Ten years of filings tell you more than one hot tip ever will.