Negetive: Revenue this quarter was only 100k more than last. Plus management wants more shares for themselves which they don't deserve yet. Plus the CC was terrible. Debello sounded like a broken record and all of them wanted to get out of there. Other companies are releasing their own mobile imaging products. Even though Mitek has the patents it takes money to sue. Look how much it's costing them for 2 lawsuits.
Positive: record amount of banks live. But Mitek might not see revenue from them until next 1 or 2 quarters so shorts have more time to play. Long term still looks good.
Like someone here said: buy the dips. But like to add: buy some short positions as well to keep your sanity. Unless you can handle it.