MITEK SYSTEMS, INC.
Income Statement
| Line Item | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Apr 2022 | Mar 2022 | Jan 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.1M | $46.1M | $45.7M | $39.6M | $39.2M | — | $33.5M | — |
| Cost of Revenue | $5.7M | $5.9M | $5.1M | $5.2M | $5.8M | — | $4.5M | — |
| Gross Profit | $37.4M | $40.2M | $40.6M | $34.4M | $33.4M | — | $29.1M | — |
| Gross Margin | 86.7% | 87.2% | 88.9% | 86.8% | 85.2% | — | 86.7% | — |
| Operating Expenses | ||||||||
| Research & Development | $7.5M | $7.4M | $7.7M | — | $8.4M | — | $7.1M | — |
| SG&A Expense | $11.6M | $10.1M | $8.5M | — | $6.6M | — | $6.1M | — |
| Operating Income | $1.8M | $8.7M | $8.4M | $3.8M | $893.0K | — | $2.7M | — |
| Operating Margin | 4.2% | 18.8% | 18.3% | 9.6% | 2.3% | — | 8.0% | — |
| Interest Expense | $2.4M | $2.2M | $2.1M | $2.1M | $2.1M | — | $2.0M | — |
| Pretax Income | $355.0K | $7.0M | $6.6M | — | $-1.1M | — | $415.0K | — |
| Income Tax Expense | $783.0K | $1.8M | $1.8M | $976.0K | $-880.0K | — | $-20.0K | — |
| Net Income | $-428.0K | $5.2M | $4.7M | $351.0K | $-215.0K | — | $435.0K | — |
| Net Margin | -1.0% | 11.2% | 10.3% | 0.9% | -0.5% | — | 1.3% | — |
| EPS (Basic) | $-0.01 | $0.11 | $0.11 | $0.01 | $0.00 | — | $0.01 | — |
| EPS (Diluted) | $-0.01 | $0.11 | $0.10 | $0.01 | $0.00 | — | $0.01 | — |
| Shares Outstanding (Basic) | 46.0M | 45.4M | 44.9M | 44.7M | 44.7M | 44.3M | 44.8M | 44.3M |
| Shares Outstanding (Diluted) | 46.5M | 45.8M | 45.6M | 45.3M | 45.2M | 44.3M | 46.1M | 44.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |
Big companies have small moves, small companies have big moves.