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
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67 33174334
Cash and cash equivalents27 179129
Short-term investments40 1783025
Receivables13 151775
Prepaid expense1 12  
Contract with customer, asset4 2 
Other current assets2 2111
Total current assets:87 54385140
Noncurrent Assets
Operating lease, right-of-use asset5  
Property, plant and equipment4 4510
Long-term investments and receivables6 2 42
Long-term investments6 2 42
Intangible assets, net (including goodwill)56 576756
Goodwill37 333433
Intangible assets, net (excluding goodwill)18 243323
Deferred income tax assets14 17
Other noncurrent assets5 2200
Other undisclosed noncurrent assets   1511 
Total noncurrent assets:90 8290218
TOTAL ASSETS:177 1361277248
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10 101165
Accounts payable3 4421
Employee-related liabilities6 6843
Deferred revenue10 6
Restructuring reserve  2   
Business combination, contingent consideration, liability1 12  
Deferred revenue and credits33
Other liabilities1 2210
Other undisclosed current liabilities2  5  
Total current liabilities:23 2020108
Noncurrent Liabilities
Long-term debt and lease obligation5     
Operating lease, liability5  
Liabilities, other than long-term debt7 9311
Deferred revenue and credits00
Deferred revenue1 1
Deferred income tax liabilities5 6
Other liabilities1 2310
Other undisclosed noncurrent liabilities   9  
Total noncurrent liabilities:12 91111
Total liabilities:35 2932109
Stockholders' equity
Stockholders' equity attributable to parent142 107956139
Common stock0 0000
Additional paid in capital151 1321177971
Accumulated other comprehensive income (loss)2 (4)(1)0(0)
Accumulated deficit(12) (21)(21)(17)(32)
Total stockholders' equity:142 107956139
TOTAL LIABILITIES AND EQUITY:177 1361277248

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues11 85644535
Revenue, net4535
Cost of revenue(6) (5)(5)(4)(3)
Cost of goods and services sold  (0)(0)(4)(3)
Gross profit:76 79594131
Operating expenses(67) (84)(67)(39)(29)
Operating income (loss):9 (5)(8)32
Nonoperating income (expense)0 1(1)00
Income (loss) from continuing operations before income taxes:9 (4)(9)32
Income tax expense (benefit)(1) 3(3)110
Net income (loss) available to common stockholders, diluted:9 (1)(12)142

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):9 (1)(12)142
Comprehensive income (loss):9 (1)(12)142
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6 (3)(1)0(0)
Comprehensive income (loss), net of tax, attributable to parent:15 (4)(13)142

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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