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Mitek Reports FY23 EPS $0.95; Revenue $172.6M

Author: Benzinga Newsdesk | March 19, 2024 04:18pm

Fiscal 2023 Full Year Financial Highlights

Total revenue increased 19% to a record $172.6 million.
GAAP operating income increased 28% to $15.6 million, an operating margin of 9%.
GAAP net income increased 117% to $8.0 million, or $0.17 per diluted share.
Non-GAAP operating income increased 20% to $53.2 million, a Non-GAAP operating margin of 31%.
- Non-GAAP net income increased 10% to a record $44.4 million, or $0.95 per diluted share.
Cash flow from operations increased 50% to $31.6 million.
Total cash and investments increased 34% to $134.9 million at September 30, 2023.

Posted In: MITK