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Net Income Surges to $4.73 Million as Revenue Reaches $45.7 Million

Net Income Surges to $4.73 Million as Revenue Reaches $45.7 Million

Mitek's revenue for the fourth quarter of 2022 reached $45.7 million, demonstrating robust growth compared to $32.5 million for the same period in 2021.

By USInMinutes
Published - Sep 06, 2023, 08:58 AM ET
Last Updated - Sep 06, 2023, 08:58 AM EDT

Mitek Systems, Inc. (MITK), a leading provider of mobi le capture and identity verification software solutions, announced its fourth-quarter financial results today, reporting a significant increase in net income and revenue.

Net Income/ Loss

The company posted a net income of $4.73 million for the fourth quarter of 2022, marking a substantial rise from the previous year's net income of $3.12 million.

Mitek Systems, Inc. has shown remarkable financial performance in its latest quarterly report. With a net income of $4.73 million and revenue totaling $45.7 million for the fourth quarter of 2022, the company is on a path of impressive growth.

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