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Mitek Systems reports Q1 EPS 15c, consensus 14c

Reports Q1 revenue $37.3M, consensus $36.2M. “We delivered a solid first quarter, with results ahead of our expectations in our SaaS products, which grew 29% year over year, offset by year-over-year variances in software license sales,” said Ed West, Mitek’s CEO. “We are encouraged by the performance of our Identity product portfolio, the continued resilience of our Deposit solutions, and the accelerating momentum of our fraud offerings. Our cultural and technological integration efforts are now well underway, which we believe are strengthening the company’s foundation for durable, profitable revenue growth in fiscal 2026 and beyond.”

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