Benzinga | Jan 27, 2022 05:35PM EST

Recap: Mitek Systems Q1 Earnings

Mitek Systems (NASDAQ:MITK) reported its Q1 earnings results on Thursday, January 27, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Mitek Systems beat estimated earnings by 37.5%, reporting an EPS of $0.22 versus an estimate of $0.16, which surprised analysts.

Revenue was up $6.50 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03, which was followed by a 6.48% drop in the share price the next day.

Here's a look at Mitek Systems's past performance:



Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021EPS Estimate 0.19 0.16 0.14 0.11EPS Actual 0.22 0.23 0.16 0.14Revenue Estimate 33.13M 29.22M 26.55M 25.22MRevenue Actual 33.27M 31.78M 28.77M 25.98M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.