Mitek Systems reports Q2 EPS 36c, consensus 26c

Reports Q2 revenue $51.9M, consensus $47.47M. The company said, “Mitek delivered a strong second quarter, achieving all-time record revenue and record profitability, underscoring our continued momentum. SaaS revenue growth was particularly strong, increasing 15% year over year, as customers increasingly rely on our Identity Verification and Fraud solutions to address real-world challenges with speed and precision. At the same time, we are building a more agile Mitek, strengthening our foundation, and deepening engagement with banks, fintechs, telecoms and enterprises. These results reflect meaningful progress and position our core technologies as catalysts for durable, long-term growth. As we enter the second half of the year, our focus remains on disciplined execution.”