Mitek Systems, Inc. (MITK) financial statements (2021 and earlier)

Company profile

Business Address 600 B STREET
SAN DIEGO, CA 92101
State of Incorp. DE
Fiscal Year End September 30
SIC 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67 49363333
Cash and cash equivalents27 19171517
Short-term investments40 30191817
Receivables13 13141315
Prepaid expense1 2221
Contract with customer, asset4 3322
Other current assets2 1122
Total current assets:87 69555254
Noncurrent Assets
Operating lease, right-of-use asset5 667 
Property, plant and equipment4 4444
Long-term investments and receivables6 3772
Long-term investments6 3772
Intangible assets, net (including goodwill)56 54555857
Goodwill37 34343433
Intangible assets, net (excluding goodwill)18 20212324
Deferred income tax assets14 16161717
Other noncurrent assets5 6542
Total noncurrent assets:90 88939582
TOTAL ASSETS:177 157148147136
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10 128910
Accounts payable3 4344
Employee-related liabilities6 7656
Deferred revenue10 9986
Debt    1 
Restructuring reserve  0012
Business combination, contingent consideration, liability1 1111
Other liabilities1 1112
Other undisclosed current liabilities2 21  
Total current liabilities:23 24202120
Noncurrent Liabilities
Long-term debt and lease obligation5 667 
Operating lease, liability5 667 
Liabilities, other than long-term debt7 8889
Deferred revenue1 1111
Deferred income tax liabilities5 6666
Other liabilities1 1112
Total noncurrent liabilities:12 1414159
Total liabilities:35 38343529
Stockholders' equity
Stockholders' equity attributable to parent142 119114112107
Common stock0 0000
Additional paid in capital151 141138135132
Accumulated other comprehensive income (loss)2 (3)(4)(3)(4)
Accumulated deficit(12) (19)(20)(20)(21)
Total stockholders' equity:142 119114112107
TOTAL LIABILITIES AND EQUITY:177 157148147136

Income statement (P&L) ($ in millions)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
Revenues26(71)25232225
Cost of revenue(2) (2)(2)(1)(2)
Gross profit:24 24222124
Operating expenses(22) (22)(21)(20)(19)
Operating income:2 1105
Nonoperating income0 0000
Income from continuing operations before income taxes:2 2115
Income tax expense (benefit)1 (0)(0)(0)(2)
Net income available to common stockholders, diluted:2 1113

Comprehensive Income ($ in millions)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
Net income:2 1113
Comprehensive income:2 1113
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3 1(1)1(2)
Comprehensive income (loss), net of tax, attributable to parent:5 3(0)21

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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