Disclosed no net income for 2015. That is a nasty place to be.
And Warren is underperforming YTD by 6% percentage points.
Go to The Tisa board. It is a piece #$%$ and not in MITK's market. MITEK does not have a competitor in Mobile Deposit
They have no money to buy shares as near liquidity crisis. Subs already have too much debt so borrowing capacity is zilch. Guys from LaJolla crushing rape seed --go figure!!
Book value is $13. There is $130 million of goodwill on the BS which is worthless.
They reported $.03 in Q4 or $.12 annual rate. That is great but the guidance is $.10 for this year. That does not warm us up considering the company is always cash short. Using this chance to lighten up.
Ready for the next run to $4. EV too low given expected good quarter.
Sentiment: Strong Buy
Leveraged on the upside with excess float and leveraged on the downside in a correction.