That's more than twice as much as the analysts predict. What do you know that they do not?
Wild positive guesses without substantiating facts are just as bad as the wild negativity of posters like dow & orioles who never can back any of their nonsense up with facts.
Truth is that it is extremely difficult to predict MITK earnings. The company does not release enough info regarding customer signings and initiations and how much and when they charge for their services. That plus virtually no info on how they are charging for MPBP & how much activity has been created so far just adds to the mystery.
The lack of visability is certainly one of the reasons the share price has remained low. Eventually that will work itself out and there will be much more predictability. But for now, the current situation creates the possibility for exceeding estimates by a mile or falling substantially short. This can create BIG SWINGS at earnings time and big profits or losses depending upon how good a guesser you are.
I am definitely staying in through earnings because it seems likely they will exceed Q2 2012 revenues which were only $1.2M, and current Q2 estimates which are only for $2.37M. The risk/reward factor seems to substantially favor reward.
Fact: Mobile Photo Bill Payment is getting a big yawn in the marketplace. Check the US Bank app on the iTunes store. Fact: Mitek is a one trick pony. Fact: the number of checks written in the US is in significant decline. Fact: Mobile Check Deposit is nothing more than a bridge technology. Fact: there is no long term upside for a one trick pony whose only trick is short-term in nature. Fact: commoncentsinvestor doesn't understand anything fact based, including this.
Tom...if you say "5 mil".....that's good enough for me! We got too many experts fighting their way to
the front of the line. Mitek will, undoubtedly, progress nicely for what it is ....a growth stock. I'm invested
in that company.