$MITK
MITEK SYSTEMS INC Stock $mitk

$mitk Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000080786318000026 Filed on May 07, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$14.28M	$11.42M
YoY Change	25.03%	33.99%
Cost Of Revenue	$1.717M	$830.0K
YoY Change	106.87%	15.28%
Gross Profit	$12.56M	$10.59M
YoY Change	18.61%	35.72%
Gross Profit Margin	87.97%	92.73%
Selling, General & Admin	$9.121M	$6.446M
YoY Change	41.5%	33.82%
% of Gross Profit	72.62%	60.87%
Research & Development	$3.501M	$2.401M
YoY Change	45.81%	32.43%
% of Gross Profit	27.87%	22.67%
Depreciation & Amortization	$750.0K	$200.0K
YoY Change	275.0%	-23.08%
% of Gross Profit	5.97%	1.89%
Operating Expenses	$13.83M	$9.365M
YoY Change	47.62%	30.6%
Operating Profit	-$1.265M	$1.224M
YoY Change	-203.35%	93.98%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	$204.0K	$67.00K
YoY Change	204.48%	123.33%
Pretax Income	-$1.061M	$1.291M
YoY Change	-182.18%	95.31%
Income Tax	$99.00K	$74.00K
% Of Pretax Income		5.73%
Net Earnings	-$1.160M	$1.217M
YoY Change	-195.32%	109.11%
Net Earnings / Revenue	-8.12%	10.66%
Basic Earnings Per Share	-$0.03	$0.04
Diluted Earnings Per Share	-$0.03	$0.03
COMMON SHARES
Basic Shares Outstanding	34.98M shares	32.79M shares
Diluted Shares Outstanding	34.98M shares	34.82M shares

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$44.38M	$36.00M
YoY Change	23.29%	27.66%
Cash & Equivalents	$25.24M	$12.96M
Short-Term Investments	$19.15M	$23.10M
Other Short-Term Assets	$3.359M	$1.130M
YoY Change	197.26%	2.73%
Inventory
Prepaid Expenses
Receivables	$7.797M	$5.104M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$55.54M	$42.24M
YoY Change	31.47%	32.84%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.278M	$474.0K
YoY Change	380.59%	-47.33%
Goodwill	$10.30M	$2.725M
YoY Change	277.91%
Intangibles
YoY Change
Long-Term Investments	$900.0K	$3.900M
YoY Change	-76.92%	2.63%
Other Assets	$430.0K	$62.00K
YoY Change	593.55%	-38.0%
Total Long-Term Assets	$36.80M	$9.520M
YoY Change	286.5%	-9.33%
TOTAL ASSETS
Total Short-Term Assets	$55.54M	$42.24M
Total Long-Term Assets	$36.80M	$9.520M
Total Assets	$92.34M	$51.76M
YoY Change	78.38%	22.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.304M	$1.820M
YoY Change	26.59%	13.75%
Accrued Expenses	$3.400M	$2.400M
YoY Change	41.67%	20.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$14.33M	$8.215M
YoY Change	74.4%	6.69%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$3.678M	$686.0K
YoY Change	436.15%	-31.4%
Total Long-Term Liabilities	$3.678M	$686.0K
YoY Change	436.15%	-31.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.33M	$8.215M
Total Long-Term Liabilities	$3.678M	$686.0K
Total Liabilities	$18.61M	$8.952M
YoY Change	107.93%	2.9%
SHAREHOLDERS EQUITY
Retained Earnings	-$16.09M	-$30.93M
YoY Change	-47.98%
Common Stock	$89.14M	$74.10M
YoY Change	20.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$73.72M	$42.81M
YoY Change
Total Liabilities & Shareholders Equity	$92.34M	$51.76M
YoY Change	78.38%	22.37%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	-$1.160M	$1.217M
YoY Change	-195.32%	109.11%
Depreciation, Depletion And Amortization	$750.0K	$200.0K
YoY Change	275.0%	-23.08%
Cash From Operating Activities	$1.240M	$5.600M
YoY Change	-77.86%	34.29%
INVESTING ACTIVITIES
Capital Expenditures	-$1.520M	-$200.0K
YoY Change	660.0%	400.0%
Acquisitions
YoY Change
Other Investing Activities	$19.39M	$1.360M
YoY Change	1325.74%	-70.11%
Cash From Investing Activities	$17.87M	$1.160M
YoY Change	1440.52%	-74.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-220.0K	10.00K
YoY Change	-2300.0%	-94.74%
NET CHANGE
Cash From Operating Activities	1.240M	5.600M
Cash From Investing Activities	17.87M	1.160M
Cash From Financing Activities	-220.0K	10.00K
Net Change In Cash	18.89M	6.770M
YoY Change	179.03%	-23.68%
FREE CASH FLOW
Cash From Operating Activities	$1.240M	$5.600M
Capital Expenditures	-$1.520M	-$200.0K
Free Cash Flow	$2.760M	$5.800M
YoY Change	-52.41%	37.77%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000807863
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	35059283	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	MITEK SYSTEMS INC
	dei	Trading Symbol TradingSymbol	MITK
	mitk	Amortization Of Closing And Earnout Shares AmortizationOfClosingAndEarnoutShares	752000	USD
	mitk	Amortization Of Closing And Earnout Shares AmortizationOfClosingAndEarnoutShares	355000	USD
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	mitk	Capitalized Software Development Costs For Internal Use Software During Period CapitalizedSoftwareDevelopmentCostsForInternalUseSoftwareDuringPeriod	300000	USD
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CY2017Q4	mitk	Number Of Patents Granted NumberOfPatentsGranted	39	patent
CY2017Q4	mitk	Number Of Pending Patent Applications NumberOfPendingPatentApplications	16	patent
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	mitk	Proceeds From Stock Options And Warrants Exercised ProceedsFromStockOptionsAndWarrantsExercised	30000	USD
	mitk	Proceeds From Stock Options And Warrants Exercised ProceedsFromStockOptionsAndWarrantsExercised	166000	USD
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CY2018Q1	us-gaap	Long Term Investments LongTermInvestments	939000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	30000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	166000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-421000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	9220000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4372000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3558000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	1217000	USD
	us-gaap	Net Income Loss NetIncomeLoss	610000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	-1160000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-6896000	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	67000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	132000	USD
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	204000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	394000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
	us-gaap	Number Of Reporting Units NumberOfReportingUnits	1	segment
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1224000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	552000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1265000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3577000	USD
CY2017Q3	us-gaap	Other Assets Current OtherAssetsCurrent	1209000	USD
CY2018Q1	us-gaap	Other Assets Current OtherAssetsCurrent	3359000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	74000	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	430000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	74000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-296000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	403000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	592000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	3000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-18000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-12000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-71000	USD
CY2017Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	602000	USD
CY2018Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	4659000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	692000	USD
CY2018Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	3678000	USD
CY2017Q1	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	0	USD
CY2018Q1	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	0	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	2991000	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	12317000	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	15412000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	254000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1742000	USD
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2018Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2018Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	12150000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	29365000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	613000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2278000	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2401000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	4852000	USD
CY2018Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3501000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	6781000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17450000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-16091000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.78
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.60
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0204
CY2017Q1	us-gaap	Revenues Revenues	11419000	USD
	us-gaap	Revenues Revenues	20688000	USD
CY2018Q1	us-gaap	Revenues Revenues	14277000	USD
	us-gaap	Revenues Revenues	26413000	USD
CY2017Q1	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	3622000	USD
	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	6908000	USD
CY2018Q1	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	5504000	USD
	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	10434000	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	3704000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	7542000	USD
CY2018Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	5348000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	10123000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2308000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3947000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	32000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	500000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	26231	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	299397	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	4.56
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	15600000	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	10200000	USD
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2845866	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3046505	shares
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.21
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.68
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	2.29
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	4.03
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	8.60
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y3M26D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y1M24D
CY2017	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y5M1D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y4M13D
CY2017Q3	us-gaap	Short Term Investments ShortTermInvestments	30279000	USD
CY2018Q1	us-gaap	Short Term Investments ShortTermInvestments	19146000	USD
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	72527	shares
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	61408000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	73721000	USD
CY2018Q1	us-gaap	Tenant Improvements TenantImprovements	1000000	USD
CY2017Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2029000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2236000	shares
CY2018Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34815000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34818000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34976000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34587000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	32786000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	32582000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34976000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34587000	shares
	us-gaap	Guarantees Indemnifications And Warranties Policies GuaranteesIndemnificationsAndWarrantiesPolicies	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Guarantees</font></div><div style="line-height:120%;padding-top:8px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the ordinary course of business, the Company is not subject to potential obligations under guarantees that fall within the scope of FASB ASC Topic 460, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Guarantees</font><font style="font-family:inherit;font-size:10pt;"> (“ASC 460”), except for standard indemnification and warranty provisions that are contained within many of the Company’s customer license and service agreements and certain supplier agreements, and give rise only to the disclosure requirements prescribed by ASC 460. Indemnification and warranty provisions contained within the Company’s customer license and service agreements and certain supplier agreements are generally consistent with those prevalent in the Company’s industry. The Company has not historically incurred significant obligations under customer indemnification or warranty provisions and does not expect to incur significant obligations in the future. Accordingly, the Company does not maintain accruals for potential customer indemnification or warranty-related obligations.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, deferred taxes, and related disclosure of contingent assets and liabilities. On an ongoing basis, management reviews its estimates based upon currently available information. Actual results could differ materially from those estimates. These estimates include, but are not limited to, assessing the collectability of accounts receivable, estimation of the value of stock-based compensation awards, fair value of assets and liabilities acquired, impairment of goodwill, useful lives of intangible assets, vendor specific objective evidence (“VSOE”) of fair value related to revenue recognition, contingent consideration, and income taxes.</font></div></div>

Files In Submission

Name	View Source	Status
0000807863-18-000026-index-headers.html	Edgar Link	pending
0000807863-18-000026-index.html	Edgar Link	pending
0000807863-18-000026.txt	Edgar Link	pending
0000807863-18-000026-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mitk-20130331xexx101.htm	Edgar Link	pending
mitk-20180331.xml	Edgar Link	completed
mitk-20180331.xsd	Edgar Link	pending
mitk-20180331x10q.htm	Edgar Link	pending
mitk-20180331xexx311.htm	Edgar Link	pending
mitk-20180331xexx312.htm	Edgar Link	pending
mitk-20180331xexx321.htm	Edgar Link	pending
mitk-20180331_cal.xml	Edgar Link	unprocessable
mitk-20180331_def.xml	Edgar Link	unprocessable
mitk-20180331_lab.xml	Edgar Link	unprocessable
mitk-20180331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
svb_logo.jpg	Edgar Link	pending

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MITEK SYSTEMS INC Stock $mitk

2018 Q1 Form 10-Q Financial Statement

#000080786318000026 Filed on May 07, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MITK MITEK SYSTEMS INC Stock $mitk

2018 Q1 Form 10-Q Financial Statement

#000080786318000026 Filed on May 07, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MITK
MITEK SYSTEMS INC Stock $mitk