Mitek Systems (NASDAQ:MITK) reported its Q1 earnings results on Thursday, January 27, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Mitek Systems beat estimated earnings by 37.5%, reporting an EPS of $0.22 versus an estimate of $0.16, which surprised analysts.
Revenue was up $6.50 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03, which was followed by a 6.48% drop in the share price the next day.
Here's a look at Mitek Systems's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.19 | 0.16 | 0.14 | 0.11 |
| EPS Actual | 0.22 | 0.23 | 0.16 | 0.14 |
| Revenue Estimate | 33.13M | 29.22M | 26.55M | 25.22M |
| Revenue Actual | 33.27M | 31.78M | 28.77M | 25.98M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
