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Mitek Systems: Fiscal 3Q Earnings Snapshot

SAN DIEGO (AP) _ Mitek Systems Inc. (MITK) on Thursday reported a loss of $99,000 in its fiscal third quarter.

The San Diego-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, were 12 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The mobile imaging software company posted revenue of $21.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $21.7 million.

Mitek Systems expects full-year revenue in the range of $84 million to $85 million.

Mitek Systems shares have climbed slightly more than 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.06, a rise of 17% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MITK at https://www.zacks.com/ap/MITK