MITEK SYSTEMS, INC.
Income Statement
| Line Item | Jul 2024 | Jun 2024 | Apr 2024 | Mar 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Aug 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $45.0M | — | $47.0M | — | $36.9M | $37.7M | — |
| Cost of Revenue | — | — | — | — | — | — | $6.3M | — |
| Gross Profit | — | — | — | — | — | — | $31.4M | — |
| Gross Margin | — | — | — | — | — | — | 83.3% | — |
| Operating Expenses | ||||||||
| Research & Development | — | $10.0M | — | $9.7M | — | $8.9M | — | — |
| SG&A Expense | — | $12.6M | — | $14.9M | — | $15.5M | — | — |
| Operating Income | — | $734.0K | — | $698.0K | — | $-6.9M | $-3.3M | — |
| Operating Margin | — | 1.6% | — | 1.5% | — | -18.7% | -8.7% | — |
| Interest Expense | — | — | — | $2.3M | — | $2.3M | $2.4M | — |
| Pretax Income | — | $-159.0K | — | $-415.0K | — | $-7.5M | — | — |
| Income Tax Expense | — | $-375.0K | — | $-697.0K | — | $-1.7M | $-2.1M | — |
| Net Income | — | $216.0K | — | $282.0K | — | $-5.8M | $-1.4M | — |
| Net Margin | — | 0.5% | — | 0.6% | — | -15.7% | -3.8% | — |
| EPS (Basic) | — | $0.00 | — | $0.01 | — | $-0.13 | $-0.03 | — |
| EPS (Diluted) | — | $0.00 | — | $0.01 | — | $-0.13 | $-0.03 | — |
| Shares Outstanding (Basic) | 46.2M | 47.0M | 46.8M | 46.9M | 46.8M | 46.3M | 46.0M | 45.6M |
| Shares Outstanding (Diluted) | 46.2M | 48.3M | 46.8M | 48.0M | 46.8M | 46.3M | 47.1M | 45.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.