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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33331743342724
Cash and cash equivalents1517912938
Short-term investments1817830252416
Receivables1315177543
Prepaid expense212    
Contract with customer, asset22 
Other current assets2211111
Total current assets:52543851403128
Noncurrent Assets
Operating lease, right-of-use asset7 
Property, plant and equipment4451011
Long-term investments and receivables72 42 2
Long-term investments72 42 2
Intangible assets, net (including goodwill)585767566 
Goodwill343334333 
Intangible assets, net (excluding goodwill)232433233 
Deferred income tax assets1717
Other noncurrent assets4220000
Other undisclosed noncurrent assets  1511   
Total noncurrent assets:95829021873
TOTAL ASSETS:14713612772483931
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities910116543
Accounts payable4442122
Accrued liabilities      0
Employee-related liabilities5684321
Deferred revenue86
Debt1      
Restructuring reserve12     
Business combination, contingent consideration, liability112    
Deferred revenue and credits3343
Other liabilities122100 
Other undisclosed current liabilities  5    
Total current liabilities:21202010876
Noncurrent Liabilities
Long-term debt and lease obligation7      
Operating lease, liability7 
Liabilities, other than long-term debt8931111
Deferred revenue and credits0000
Deferred revenue11
Deferred income tax liabilities66
Other liabilities1231011
Other undisclosed noncurrent liabilities  9    
Total noncurrent liabilities:159111111
Total liabilities:35293210987
Stockholders' equity
Stockholders' equity attributable to parent1121079561393024
Common stock0000000
Additional paid in capital13513211779716460
Accumulated other comprehensive income (loss)(3)(4)(1)0(0)(0)(0)
Accumulated deficit(20)(21)(21)(17)(32)(34)(36)
Total stockholders' equity:1121079561393024
TOTAL LIABILITIES AND EQUITY:14713612772483931

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues89856445352519
Revenue, net45352519
Cost of revenue(5)(5)(5)(4)(3)(3)(2)
Cost of goods and services sold (0)(0)(4)(3)(3)(2)
Gross profit:84795941312317
Operating expenses(83)(84)(67)(39)(29)(21)(22)
Other undisclosed operating income     10
Operating income (loss):0(5)(8)322(5)
Nonoperating income (expense)11(1)0000
Other nonoperating income      0
Interest and debt expense     (0) 
Income (loss) from continuing operations before equity method investments, income taxes:1(4)(9)322(5)
Other undisclosed income from continuing operations before income taxes     0 
Income (loss) from continuing operations before income taxes:1(4)(9)322(5)
Income tax expense (benefit)23(3)1101(0)
Net income (loss) available to common stockholders, diluted:3(1)(12)1423(5)

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):3(1)(12)1423(5)
Comprehensive income (loss):3(1)(12)1423(5)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(3)(1)0(0)0(0)
Comprehensive income (loss), net of tax, attributable to parent:2(4)(13)1423(5)

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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