Mitek Systems (NASDAQ:MITK) Stock

Mitek Systems

Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.

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Merrill Lynch & Strategic Return Notes for Select 10 Index

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Why Mitek Systems Shares Are Trading Higher By Around 19%; Here Are 20 Stocks Moving Premarket

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The CNN Business Fear &amp; Greed Index tracks market sentiment using 7 indicators, with a reading of 50 indicating neutrality. Stocks closed mixed on Friday, with Dow declining for 7th session.

Dow Declines For Seventh Session; Investors Sentiment Declines, Fear &amp; Greed Index Remains In &#39;Neutral&#39; Zone

5 Stocks To Watch Heading Into Friday

RICK

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:

Western Union, Compass Minerals International And 3 Stocks To Watch Heading Into Monday

Mitek Systems Inc

Maxim Group analyst Allen Klee maintains Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) with a Buy and raises the price target from $13 to $14.

Price Target

Analyst Ratings

Maxim Group Maintains Buy on Mitek Systems, Raises Price Target to $14

HC Wainwright &amp; Co. analyst Scott Buck reiterates Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) with a Buy and maintains $13 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on Mitek Systems, Maintains $13 Price Target

CORRECTION: Mitek Systems Q1 2025 Adj. EPS $0.15 Beats $0.14 Estimate, Sales $37.254M Beats $36.204M Estimate

WIIM

Mitek Systems shares are trading lower. The company reported Q1 financial results.

Guidance

Mitek Systems Sees FY25 Revenue $170M-$180M Vs $175.027M Est.

<h3>Companies Reporting Before The Bell</h3>
• Hain Celestial Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $431.01 million. 
• Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $261.34 million. 
• Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $387.09 million. 
• Edgewell Personal Care (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPC#NYSE">EPC</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $480.16 million. 
• McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is estimated to report quarterly earnings at $2.86 per share on revenue of $6.48 billion. 
• Incyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) is projected to report quarterly earnings at $1.55 per share on revenue of $1.15 billion. 
• CSP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSPI#NASDAQ">CSPI</a>) is estimated to report earnings for its first quarter. 
• Ispire Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPR#NASDAQ">ISPR</a>) is likely to report quarterly loss at $0.03 per share on revenue of $59.50 million. 
• Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $179.50 million. 
• Roivant Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>) is likely to report quarterly loss at $0.22 per share on revenue of $5.00 million. 
• Insperity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSP#NYSE">NSP</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $1.60 billion. 
• GCM Grosvenor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCMG#NASDAQ">GCMG</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $158.60 million. 
• Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) is likely to report quarterly earnings at $1.67 per share on revenue of $1.88 billion. 
• PowerFleet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIOT#NASDAQ">AIOT</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $99.43 million. 
• ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) is expected to report quarterly earnings at $0.98 per share on revenue of $1.76 billion. 
• Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is estimated to report quarterly earnings at $3.71 per share on revenue of $55.20 million. 
• Loews (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>) is expected to report earnings for its fourth quarter. 
• CNA Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNA#NYSE">CNA</a>) is expected to report quarterly earnings at $1.21 per share on revenue of $3.62 billion. 
• ORIX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IX#NYSE">IX</a>) is estimated to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Arch Capital Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NASDAQ">ACGL</a>) is expected to report quarterly earnings at $1.80 per share on revenue of $3.95 billion. 
• RCI Hospitality Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RICK#NASDAQ">RICK</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $81.82 million. 
• Ark Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKR#NASDAQ">ARKR</a>) is expected to report earnings for its first quarter. 
• Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is projected to report earnings for its first quarter. 
• Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $220.60 million. 
• Cresud SACIF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRESY#NASDAQ">CRESY</a>) is likely to report earnings for its second quarter. 
• Prospect Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSEC#NASDAQ">PSEC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $189.67 million. 
• SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $447.00 million. 
• SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $121.00 million. 
• PetMed Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETS#NASDAQ">PETS</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $60.00 million. 
• Quipt Home Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QIPT#NASDAQ">QIPT</a>) is likely to report earnings for its first quarter. 
• RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $26.00 million. 
• Fluence Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) is projected to report quarterly loss at $0.21 per share on revenue of $375.22 million. 
• Columbus McKinnon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCO#NASDAQ">CMCO</a>) is expected to report quarterly earnings at $0.74 per share on revenue of $252.56 million. 
• Origin Agritech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEED#NASDAQ">SEED</a>) is estimated to report earnings for its Fiscal Year 2024. 
• Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $117.09 million. 
• Unitil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTL#NYSE">UTL</a>) is estimated to report quarterly earnings at $0.95 per share on revenue of $145.00 million. 
• Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $934 thousand. 
• SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $169.29 million. 
• Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is projected to report quarterly earnings at $1.14 per share on revenue of $143.43 million. 
• Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is projected to report quarterly earnings at $1.29 per share on revenue of $498.53 million. 
• Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) is estimated to report quarterly earnings at $4.10 per share on revenue of $2.78 billion. 
• TIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIMB#NYSE">TIMB</a>) is estimated to report earnings for its fourth quarter. 
• Vornado Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) is estimated to report quarterly earnings at $0.51 per share on revenue of $447.75 million. 
• Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) is expected to report quarterly earnings at $1.25 per share on revenue of $244.95 million. 
• Arrowhead Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) is likely to report quarterly loss at $1.10 per share on revenue of $14.09 million. 
• Kilroy Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRC#NYSE">KRC</a>) is likely to report quarterly earnings at $1.03 per share on revenue of $280.21 million. 
• Apollo Comml Real Est (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARI#NYSE">ARI</a>) is likely to report quarterly earnings at $0.22 per share on revenue of $48.20 million. 
• Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $36.05 million. 
• Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $212.45 million. 
• Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $1.66 billion. 
• Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) is estimated to report quarterly earnings at $6.95 per share on revenue of $261.56 million. 
• Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $1.73 billion. 
• Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) is estimated to report quarterly earnings at $1.92 per share on revenue of $537.61 million. 
• CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $465.17 million. 
• NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $1.72 billion. 
• Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is projected to report quarterly earnings at $3.12 per share on revenue of $535.01 million. 
• Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $127.91 million. 
• Inspire Medical Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INSP#NYSE">INSP</a>) is estimated to report quarterly earnings at $0.72 per share on revenue of $232.90 million. 
• Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $35.59 million. 
• PennantPark Floating Rate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFLT#NYSE">PFLT</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $59.48 million. 
• Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) is expected to report quarterly earnings at $1.87 per share on revenue of $2.63 billion. 
• Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) is projected to report earnings for its fourth quarter. 
• Credicorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) is likely to report quarterly earnings at $4.66 per share on revenue of $1.48 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For February 10, 2025

<h3>Gainers</h3>
<ul>
<li>Syntec Optics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>) shares rose 116.3% to $3.85 during Tuesday's pre-market session. The company's market cap stands at $141.2 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares rose 29.42% to $14.34. The market value of their outstanding shares is at $1.7 billion. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares rose 26.51% to $29.44. The company's market cap stands at $142.7 million. </li>
<li>Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) stock moved upwards by 20.86% to $11.47. The company's market cap stands at $529.9 million. The company's, Q4 earnings came out yesterday. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares increased by 20.01% to $2.94. The company's market cap stands at $190.0 million. </li>
<li>SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares moved upwards by 18.91% to $14.65. The company's market cap stands at $848.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) shares decreased by 13.8% to $9.01 during Tuesday's pre-market session. The company's market cap stands at $679.9 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>AmpliTech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPG#NASDAQ">AMPG</a>) stock decreased by 12.46% to $2.39. The company's market cap stands at $29.9 million. </li>
<li>SPI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) stock decreased by 12.26% to $0.36. The company's market cap stands at $11.3 million. </li>
<li>Foxx Development Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXX#NASDAQ">FOXX</a>) shares declined by 11.43% to $6.2. The market value of their outstanding shares is at $45.1 million. </li>
<li>WISeKey Intl Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKEY#NASDAQ">WKEY</a>) shares fell 10.59% to $10.73. The company's market cap stands at $104.0 million. </li>
<li>SmartKem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTK#NASDAQ">SMTK</a>) stock decreased by 10.01% to $2.79. The market value of their outstanding shares is at $4.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

Mitek Systems shares are trading higher after HC Wainwright & Co. maintained a Buy rating on the stock and raised its price target from $11 to $13.

HC Wainwright &amp; Co. analyst Scott Buck maintains Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) with a Buy and raises the price target from $11 to $13.

HC Wainwright & Co. Maintains Buy on Mitek Systems, Raises Price Target to $13

Shares of Mitek Systems, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) rose sharply in today's pre-market trading after reporting <a href="https://www.benzinga.com/quote/MITK/earnings">better-than-expected fourth-quarter results.</a>
Mitek Systems reported quarterly earnings of 33 cents per share which beat the analyst consensus estimate of 17 cents per share. The company reported quarterly sales of $43.222 million which beat the analyst consensus estimate of $41.306 million.
Mitek Systems shares jumped 18.8% to $11.28 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Syntec Optics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>) gained 59% to $2.83 in pre-market trading after adding more than 80% on Monday.</li>
<li>Maison Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSS#NASDAQ">MSS</a>) gained 65.3% to $1.72 in pre-market trading after the company reported financial results for the second quarter and six-months ended Oct. 31.</li>
<li>KWESST Micro Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KWE#NASDAQ">KWE</a>) gained 44.6% to $1.05 in pre-market trading after surging around 15% on Monday.</li>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) rose 27.8% to $3.13 in pre-market trading after surging 40% on Monday. SEALSQ announced the pricing of $25.0 million registered direct offering priced above market under NASDAQ rules.</li>
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNXP#NASDAQ">TNXP</a>) gained 23.5% to $0.6550 in pre-market trading after jumping 120% on Monday.</li>
<li>Sidus Space, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) climbed 21.5% to $5.57 in pre-market trading after jumping 220% on Monday.</li>
<li>Gryphon Digital Mining Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) gained 17% to $0.60 in pre-market trading after falling 8% on Monday.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) gained 10.5% to $13.62 in pre-market trading after falling around 8% on Monday.</li>
<li>Cango Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) gained 9.7% to $6.02 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Reviva Pharmaceuticals Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVPH#NASDAQ">RVPH</a>) shares tumbled 29.6% to $1.62 in pre-market trading after the company reported the pricing of $18.0 million public offering of common stock and warrants.</li>
<li>Mama&#8217;s Creations Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) declined 17.9% to $7.96 in pre-market trading after the company reported worse-than-expected third-quarter EPS results.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) shares fell 16.1% to $5.30 in pre-market trading after the company announced a secondary offering of 23 million shares.</li>
<li>Webuy Global Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBUY#NASDAQ">WBUY</a>) shares fell 14.1% to $0.1950 in pre-market trading after jumping 29% on Monday. Webuy Global announced the pricing of $3.7 million registered direct offering.</li>
<li>NAYA Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAYA#NASDAQ">NAYA</a>) dipped 13.1% to $0.7042 in pre-market trading.</li>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) fell 13.1% to $3.44 in pre-market trading after gaining over 7% on Monday.</li>
<li>Alset Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEI#NASDAQ">AEI</a>) fell 12.4% to $0.9197 in pre-market trading following a 4% decline on Monday.</li>
<li>Celcuity Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELC#NASDAQ">CELC</a>) fell 12.3% to $11.01 in today's pre-market trading.</li>
<li>Petros Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTPI#NASDAQ">PTPI</a>) fell 9.6% to $0.2415 in pre-market trading after dipping 18% on Monday.</li>
<li>Palmer Square Capital BDC Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSBD#NYSE">PSBD</a>) shares dipped 6% to $15.04 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/12/42507875/how-to-earn-500-a-month-from-worthington-enterprises-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Worthington Enterprises Stock Ahead Of Q2 Earnings</a></li>
</ul>

Mitek Systems shares are trading higher after the company reported better-than-expected Q4 financial results.

Mitek Systems Sees FY25 Revenue $170M-$180M Vs $179.516M Est.

Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.17 by 94.12 percent. The company reported quarterly sales of $43.222 million which beat the analyst consensus estimate of $41.306 million by 4.64 percent. This is a 14.78 percent increase over sales of $37.656 million the same period last year.

Earnings Beats

Mitek Systems Q4 2024 Adj. EPS $0.33 Beats $0.17 Estimate, Sales $43.222M Beat $41.306M Estimate

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled mixed on Friday, with the Dow Jones index falling for the seventh session in a row.
For the week, the Dow declined 1.8%, while the S&amp;P 500 lost around 0.6%. The Nasdaq, meanwhile, gained 0.3% during the same period.
Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell over 2% on Friday, while Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares lost more than 1% during the session.
On the economic data front, U.S. import prices increased by 0.1% from the previous month in November. U.S. export prices came in unchanged for November, compared to a 1% gain in the previous month.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, energy and communication services stocks recording the biggest losses on Friday. However, consumer discretionary and information technology stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 86 points to 43,828.06 on Friday. The S&amp;P 500 fell slightly to 6,051.09, while the Nasdaq Composite gained 0.12% at 19,926.72 during Friday's session.
Investors are awaiting earnings results from Zedge Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZDGE#NYSE">ZDGE</a>), Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) and Mitek Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) today.
At a current reading of 50, the index remained in the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 50.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo: Shutterstock

Dow Declines For Seventh Session; Investors Sentiment Declines, Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Zedge, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZDGE#NYSE">ZDGE</a>) to report quarterly earnings at 3 cents per share on revenue of $7.28 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Zedge shares gained 2.6% to $2.7999 in after-hours trading.</li>
<li>Analysts expect Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) to post a quarterly loss at 45 cents per share on revenue of $209 million after the closing bell. Compass Minerals International shares gained 4.8% to $13.69 in the after-hours trading session.</li>
<li>The Western Union Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WU#NASDAQ">WU</a>) announced a new $1 billion share repurchase program. Western Union shares gained 1.7% to $10.94 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the closing bell, Mitek Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) is projected to post quarterly earnings at 17 cents per share on revenue of $41.31 million. Mitek Systems shares gained 1.4% to $8.90 in the after-hours trading session.</li>
<li>Analysts expect RCI Hospitality Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RICK#NASDAQ">RICK</a>) to earn 37 cents per share on revenue of $72.98 million for the latest quarter. The company will release earnings after the markets close. RCI Hospitality shares gained 1.5% to $52.85 in after-hours trading.</li>
</ul>
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<h3>Companies Reporting Before The Bell</h3>
• Zedge (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ZDGE#AMEX">ZDGE</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $7.28 million. 
<h3>Companies Reporting After The Bell</h3>
• Quipt Home Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QIPT#NASDAQ">QIPT</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $65.75 million. 
• Streamline Health Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRM#NASDAQ">STRM</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $5.31 million. 
• Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) is expected to report quarterly loss at $0.09 per share on revenue of $4.13 million. 
• Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $41.30 million. 
• RCI Hospitality Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RICK#NASDAQ">RICK</a>) is projected to report quarterly earnings at $0.37 per share on revenue of $72.98 million. 
• Ark Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKR#NASDAQ">ARKR</a>) is estimated to report earnings for its fourth quarter. 
• Mama`s Creations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $30.05 million. 
• Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is likely to report quarterly loss at $0.52 per share on revenue of $208.68 million. 
• Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) is projected to report earnings for its second quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 16, 2024

Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) is gearing up to announce its quarterly earnings on Monday, 2024-12-16. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Mitek Systems will report an earnings per share (EPS) of $0.17.
The market awaits Mitek Systems's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Here's a look at Mitek Systems's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>0.27</td>
<td>0.18</td>
<td>0.13</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.25</td>
<td>0.24</td>
<td>0.14</td>
<td>0.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-25.0%</td>
<td>-2.0%</td>
<td>-10.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<h3>Performance of Mitek Systems Shares</h3>
Shares of Mitek Systems were trading at $8.9 as of December 12. Over the last 52-week period, shares are down 30.03%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MITK/earnings">To track all earnings releases for Mitek Systems visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring Mitek Systems's Earnings Expectations

<h3>Gainers</h3>
<ul>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock increased by 16.4% to $0.32 during Monday's after-market session. </li>
<li>F5 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) stock increased by 10.01% to $240.22. The market value of their outstanding shares is at $14.0 billion. The company's, Q4 earnings came out today. </li>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock increased by 7.96% to $16.0. The market value of their outstanding shares is at $1.8 billion. The company's, Q3 earnings came out today. </li>
<li>Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) stock rose 6.81% to $270.0. The company's market cap stands at $73.9 billion. The company's, Q3 earnings came out today. </li>
<li>Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) stock increased by 5.37% to $117.48. The market value of their outstanding shares is at $3.2 billion. As per the news, the Q2 earnings report came out today. </li>
<li>Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) stock moved upwards by 4.93% to $9.14. The company's market cap stands at $422.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares fell 11.1% to $26.26 during Monday's after-market session. The market value of their outstanding shares is at $6.4 billion. As per the news, the Q3 earnings report came out today. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares decreased by 10.46% to $0.43. The company's market cap stands at $2.6 million. </li>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) stock decreased by 6.2% to $1.06. The market value of their outstanding shares is at $26.1 million. </li>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) stock declined by 5.01% to $0.9. The company's market cap stands at $34.2 million. </li>
<li>Pagaya Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) stock declined by 4.75% to $12.04. The company's market cap stands at $864.6 million. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares declined by 4.48% to $0.06. The company's market cap stands at $9.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Scott Carter, who has served as Interim CEO since June 2024, will serve as non-executive Chairman of the Board of Directors.

Management

Mitek Systems Appoints Ed West As CEO And A Member Of Board, Effective Immediately

September 5, 2024
Fellow Stockholders,
Over the past 12 months, we have engaged privately and publicly with Mitek's management and Board of Directors (the "Board") multiple times regarding the Company's faulty strategy, poor corporate governance, substandard investor relations and lack of capital allocation discipline. During our conversations, we have tried to guide the Board in the direction of what normal and successful governance and management should look like. We have also provided qualified director candidates and are aware that other stockholders have done the same.
However, the Company has not acted to address the capital allocation, governance and operational issues we have repeatedly highlighted to the Board. In short, the entire Board has failed and needs to be replaced. We voted our shares AGAINST the incumbent directors ahead of the 2024 Annual Meeting. We encourage all stockholders to also vote AGAINST all six directors to hold them accountable for their mismanagement of the Company. In light of what we expect to be a very poor showing at the Annual Meeting, we urge all directors to begin preparing their resignations.
The Board should bear responsibility for the significant destruction of stockholder value, poor M&amp;A and failed tenure of former CEO Max Carnecchia. We strongly doubt that recently appointed interim CEO Scott Carter is the right person to fix the Company given that he has no observable track record of value creation, especially considering his previous role as Executive Chair of the Board during 2023, and very little skin in the game. The remainder of the Board is equally uninvested – and director Donna Wells even sold 16,839 shares as recently as June 7th – reinforcing our belief that the incumbent directors are not acting in stockholders' best interests.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1-Year TSR</td>
<td colspan="1" rowspan="1">3-Year TSR</td>
<td colspan="1" rowspan="1">5-Year TSR</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Mitek Systems</td>
<td colspan="1" rowspan="1">-24.89%</td>
<td colspan="1" rowspan="1">-62.98%</td>
<td colspan="1" rowspan="1">-14.15%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Nasdaq Composite Index</td>
<td colspan="1" rowspan="1">22.71%</td>
<td colspan="1" rowspan="1">13.97%</td>
<td colspan="1" rowspan="1">123.50%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">S&amp;P 500 Index</td>
<td colspan="1" rowspan="1">24.00%</td>
<td colspan="1" rowspan="1">27.44%</td>
<td colspan="1" rowspan="1">103.57%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Russell 2000 Index</td>
<td colspan="1" rowspan="1">13.32%</td>
<td colspan="1" rowspan="1">-2.40%</td>
<td colspan="1" rowspan="1">54.39%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Russell 3000 Index</td>
<td colspan="1" rowspan="1">22.78%</td>
<td colspan="1" rowspan="1">21.95%</td>
<td colspan="1" rowspan="1">97.28%</td>
</tr>
<tr>
<td colspan="4" rowspan="1">Source: Bloomberg. Total stockholder returns ("TSR") as of 9/4/2024.</td>
</tr>
</tbody>
</table>
</figure>
We have no confidence in this Board and believe its members have done nothing to earn investors' trust or patience. We strongly encourage all Mitek stockholders to strongly rebuke the Board's behavior by voting AGAINST the re-election of all incumbent directors at next week's Annual Meeting.
Sincerely,
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Nicholas O'Sullivan</td>
<td colspan="1" rowspan="1">Bradley Radoff</td>
<td colspan="1" rowspan="1">Josh Schechter</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Hammana Partners LP</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

Mitek Systems Stockholders, Hammana Partners, Issued Letter Encouring Others To Vote Against Re-Election Of All Six Board Directors

Press Releases

Mitek Appoints James Fay to Board of Directors

Mitek to Report Fiscal 2024 Fourth Quarter and Full Year Financial Results on December 16, 2024

Mitek Unveils Digital Fraud Defender: Next-Gen Defense Against Deepfakes and Emerging Digital Frauds

Mitek Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results and Provides Guidance for Fiscal 2025

Mitek to Participate in the 27th Annual Needham Growth Conference on January 14, 2025

Mitek to Report Fiscal 2025 First Quarter Financial Results on February 10, 2025

Mitek Systems Announces Mark Rossi as a Nominee to its Board of Directors

CSI Launches Advanced Check Fraud Detection Tool in Partnership With Mitek Systems

Mitek Reports Fiscal 2025 First Quarter Financial Results

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