By the way today they upgrade the price target to $72
Markman ruling coming up against TISA too. Pls dont forget that. It was delayed 1 month on January 7th. So it may come up any moment. TISA issued some shares to get money last week i think settlement money coming to Mitek.
Cant be profit because they were saying on last CC litigation expenses supposed to be higher as we are getting closer to TISA patent ruling. They also have capex estimation is around $5M this quarter.
I dont think they will report profit .. Im looking for 25% quarterly revenue increase. If we beat that, we should be good.
Otherwise we were breaking 7's now we fall back to 5's
two way coming to them.. Institutions are building up, retailers building up, only shorts need to think.. All we have to do is good earnings..its a MUST..
My assumption is shorts will cover bwt 5.8-6.60 till the earnings. They have to.. Business changing so rapidly and if they cant cover they will be burned so bad. All projections showing that sooner or later RDC technology and Bill payment process will be accepted by more user and it will generate more earnings.