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Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
- Mitek Systems reported a decline in revenues and earnings for Q1 fiscal 2024. - MITK shares dropped 2.6% in premarket trading after the earnings announcement. - Second-quarter fiscal 2024 revenue expected to be between $46 to $47 million. - Operating margin decreased from 40% to 15% in the reported quarter. - Company projects full-year fiscal 2024 revenues of $180-$185 million. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Mitek Systems reported a decline in revenues and earnings for Q1 fiscal 2024.
- MITK shares dropped 2.6% in premarket trading after the earnings announcement.
- Second-quarter fiscal 2024 revenue expected to be between $46 to $47 million.
- Operating margin decreased from 40% to 15% in the reported quarter.
- Company projects full-year fiscal 2024 revenues of $180-$185 million.
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