BECU is an $11.4B bank.
They do 75K transactions per month or 900K a year based on current volume.
At $.08 per transaction that would be (900K X .08) $72K per year from BECU.
We currently have banks with asset totals of $9.765 TRILLION
That's 857 X the size of BECU.
Therefore, if we extrapolate $72K per year for BECU, that would be
$61.7 MILLION IN REVENUE FOR MITEK.
Usage may vary from bank to bank but once folks are using as much as BECU is
There is potential for $61.7 MILLION annually for MITEK from MD ALONE.
Only a matter of time now Jorlev. Thanks again for sharing. Will see this in a year and hope that those numbers keep climbing every month!
Sentiment: Strong Buy
Those are the numbers which have kept the faithful longs hanging around here for
YEARS! We know it is going to happen.....a no-brainer! Remember: money isn't
the only thing....there are BMW's, diamond rings, and condos on
the French Riviera too!