2024 Q1 Form 10-K Financial Statement

#000095012324002926 Filed on March 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q3 2023
Revenue $46.97M $37.66M $172.6M
YoY Change 1.83% 0.62% 19.88%
Cost Of Revenue $6.215M $6.272M $22.95M
YoY Change 5.34% -28.41% 14.71%
Gross Profit $40.75M $31.38M $149.6M
YoY Change 1.3% 9.5% 20.71%
Gross Profit Margin 86.77% 83.34% 86.7%
Selling, General & Admin $25.96M $24.03M $83.89M
YoY Change 31.92% 36.16% 31.01%
% of Gross Profit 63.71% 76.56% 56.08%
Research & Development $9.713M $6.484M $28.99M
YoY Change 31.74% 36.94% -3.99%
% of Gross Profit 23.83% 20.66% 19.38%
Depreciation & Amortization $4.298M $4.262M $1.700M
YoY Change -13.17% -9.47% -88.63%
% of Gross Profit 10.55% 13.58% 1.14%
Operating Expenses $35.68M $34.67M $112.9M
YoY Change 31.87% 29.94% 4.78%
Operating Profit $698.0K -$3.287M $15.56M
YoY Change -91.96% -266.01% -3.99%
Interest Expense $2.303M $2.401M $9.063M
YoY Change 6.47% -213.95% -210.09%
% of Operating Profit 329.94% 58.23%
Other Income/Expense, Net $1.190M $2.121M $3.840M
YoY Change 162.11% -685.91% -1137.84%
Pretax Income -$415.0K -$3.567M $10.34M
YoY Change -105.95% 108.96% 277.82%
Income Tax -$700.0K -$2.123M $2.314M
% Of Pretax Income 22.38%
Net Earnings $282.0K -$1.444M $8.027M
YoY Change -94.54% -24.63% 164.74%
Net Earnings / Revenue 0.6% -3.83% 4.65%
Basic Earnings Per Share $0.01 -$0.03 $0.18
Diluted Earnings Per Share $0.01 -$0.03 $0.17
COMMON SHARES
Basic Shares Outstanding 46.79M shares 45.59M shares 45.53M shares
Diluted Shares Outstanding 48.04M shares 47.05M shares 46.46M shares

Balance Sheet

Concept 2024 Q1 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.9M $133.6M $133.6M
YoY Change 12.91% 47.92% 47.92%
Cash & Equivalents $80.94M $58.91M $58.91M
Short-Term Investments $42.99M $74.70M $74.70M
Other Short-Term Assets $2.705M $2.396M $5.909M
YoY Change -5.05% -48.16% 27.85%
Inventory
Prepaid Expenses $7.783M $3.513M
Receivables $52.06M $32.13M $50.49M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $201.6M $190.0M $190.0M
YoY Change 25.85% 47.18% 47.18%
LONG-TERM ASSETS
Property, Plant & Equipment $2.708M $2.829M $6.969M
YoY Change -14.09% -67.29% -19.41%
Goodwill $126.4M $123.5M
YoY Change -2.89% 2.8%
Intangibles
YoY Change
Long-Term Investments $6.337M $1.304M $1.304M
YoY Change 32.02% -87.74% -87.74%
Other Assets $1.604M $1.647M $7.713M
YoY Change -2.49% -86.13% -35.04%
Total Long-Term Assets $215.4M $215.4M $215.4M
YoY Change -10.9% -6.89% -6.89%
TOTAL ASSETS
Total Short-Term Assets $201.6M $190.0M $190.0M
Total Long-Term Assets $215.4M $215.4M $215.4M
Total Assets $417.0M $405.4M $405.4M
YoY Change 3.75% 12.48% 12.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.056M $7.589M $7.589M
YoY Change 66.07% 52.57% 52.57%
Accrued Expenses $10.97M $12.76M $12.76M
YoY Change 634.76% -12.35% -12.35%
Deferred Revenue $25.73M $17.36M
YoY Change 114.96% 29.61%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $200.0K $200.0K
YoY Change 100.0% 100.0% 100.0%
Total Short-Term Liabilities $47.26M $51.50M $51.50M
YoY Change 4.31% 27.16% 27.16%
LONG-TERM LIABILITIES
Long-Term Debt $141.5M $136.6M $136.6M
YoY Change 6.47% 5.76% 5.76%
Other Long-Term Liabilities $3.830M $2.874M $5.598M
YoY Change 141.34% -54.34% -11.06%
Total Long-Term Liabilities $3.830M $2.874M $142.2M
YoY Change 141.34% -97.88% 4.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.26M $51.50M $51.50M
Total Long-Term Liabilities $3.830M $2.874M $142.2M
Total Liabilities $200.9M $200.2M $200.2M
YoY Change 0.98% 5.31% 5.31%
SHAREHOLDERS EQUITY
Retained Earnings -$14.82M -$9.312M
YoY Change 82.95% -48.27%
Common Stock $240.6M $228.7M
YoY Change 7.89% 5.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $216.1M $205.2M $205.2M
YoY Change
Total Liabilities & Shareholders Equity $417.0M $405.4M $405.4M
YoY Change 3.75% 12.48% 12.48%

Cashflow Statement

Concept 2024 Q1 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $282.0K -$1.444M $8.027M
YoY Change -94.54% -24.63% 164.74%
Depreciation, Depletion And Amortization $4.298M $4.262M $1.700M
YoY Change -13.17% -9.47% -88.63%
Cash From Operating Activities $7.064M $3.473M $31.59M
YoY Change 12.13% -66.41% 19.87%
INVESTING ACTIVITIES
Capital Expenditures $483.0K $378.0K $1.034M
YoY Change 119.55% 91.88% -8.17%
Acquisitions $267.0K
YoY Change -99.79%
Other Investing Activities $9.978M -$32.03M -$5.750M
YoY Change -48.43% 2621.07% 139.18%
Cash From Investing Activities $9.495M -$32.41M -$6.784M
YoY Change -50.37% 2258.44% 92.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 99.00K 386.0K $1.701M
YoY Change -84.29% 4.32% -108.05%
NET CHANGE
Cash From Operating Activities 7.064M 3.473M $31.59M
Cash From Investing Activities 9.495M -32.41M -$6.784M
Cash From Financing Activities 99.00K 386.0K $1.701M
Net Change In Cash 16.66M -28.55M $26.85M
YoY Change -36.08% -405.83% 1500.36%
FREE CASH FLOW
Cash From Operating Activities $7.064M $3.473M $31.59M
Capital Expenditures $483.0K $378.0K $1.034M
Free Cash Flow $6.581M $3.095M $30.55M
YoY Change 8.24% -69.48% 21.12%

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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-455000 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
889000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
13982000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-27276000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23582000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7358000 usd
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
132243000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2516000 usd
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1519000 usd
CY2021 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
13943000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
23909000 usd
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
190000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
7978000 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-455000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-165000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7358000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
192830000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
238000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1487000 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1836000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13346000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
15176000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3694000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-27559000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
283000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23582000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
170979000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
727000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1010000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10463000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
8027000 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
13093000 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
889000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22009000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
205188000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
8027000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
10463000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16992000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1727000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1401000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1439000 usd
CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
722000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1684000 usd
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1266000 usd
CY2023 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
7546000 usd
CY2022 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
7053000 usd
CY2021 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
4372000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2056000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1358000 usd
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1080000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-5496000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-8988000 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
105000 usd
CY2023 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-4316000 usd
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
19004000 usd
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
813000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
12471000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
3095000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1150000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1124000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-417000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1331000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2535000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2183000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1589000 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
18000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2195000 usd
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2687000 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5577000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
422000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-71000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9950000 usd
CY2023 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-977000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21119000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37341000 usd
CY2023 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
71733000 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
47818000 usd
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
246508000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
66250000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
173316000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
89956000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
267000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
122672000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12549000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1034000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1126000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1387000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6784000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1700000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-170488000 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
155250000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5513000 usd
CY2023 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
0 usd
CY2022 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
0 usd
CY2021 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
33192000 usd
CY2023 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
23909000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1737000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
CY2023 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
0 usd
CY2023 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
36000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1701000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
351000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26854000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32059000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
1413000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3836000 usd
CY2023 mitk Reclassification Of Derivative Liability And Asset Noncurrent To Additional Paid In Capital
ReclassificationOfDerivativeLiabilityAndAssetNoncurrentToAdditionalPaidInCapital
0 usd
CY2023 mitk Noncash Or Part Noncash Acquisition Shares Issued
NoncashOrPartNoncashAcquisitionSharesIssued
0 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
889000 usd
CY2023Q3 mitk Number Of Financial Institutions That Signed Agreement To Deploy Mobile Deposit
NumberOfFinancialInstitutionsThatSignedAgreementToDeployMobileDeposit
7900 institution
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
1700000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
2100000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
1800000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
0 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A reclassification has been made to the prior periods’ consolidated financial statements in order to conform to the current period presentation. Accrued interest payable and income tax payables were included in the other current liabilities line in the consolidated balance sheet as of September 30, 2022, however, they have been presented separately in the consolidated balance sheet as of September 30, 2023 so that the total of the other current liabilities line is less than five percent of total current liabilities.</span></div>
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17817000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17273000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11753000 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
8027000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3694000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
7978000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45533000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44595000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43509000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
928000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1185000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1574000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46461000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45780000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45083000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2021 mitk Debt Securities Available For Sale Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleOtherThanTemporaryImpairment
0 usd
CY2023 mitk Debt Securities Available For Sale Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleOtherThanTemporaryImpairment
0 usd
CY2022 mitk Debt Securities Available For Sale Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleOtherThanTemporaryImpairment
0 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
100000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
100000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1500000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
900000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-indent:28pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:6pt;text-indent:28pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, investments, and accounts receivable. The Company maintains the majority of its cash and cash equivalent balances with financial institutions that management believes are high-credit, quality financial institutions and invests its cash equivalents in highly rated market funds.</span></div>
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10607000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9549000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7778000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6056000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2829000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3493000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1700000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
1100000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1400000 usd
CY2021 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
100000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q3 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
0 usd
CY2022Q3 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
0 usd
CY2021Q3 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
0 usd
CY2023 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2023Q3 mitk Capitalized Software Development Costs For Software For Internal Use
CapitalizedSoftwareDevelopmentCostsForSoftwareForInternalUse
700000 usd
CY2022Q3 mitk Capitalized Software Development Costs For Software For Internal Use
CapitalizedSoftwareDevelopmentCostsForSoftwareForInternalUse
800000 usd
CY2021Q3 mitk Capitalized Software Development Costs For Software For Internal Use
CapitalizedSoftwareDevelopmentCostsForSoftwareForInternalUse
800000 usd
CY2023 mitk Capitalized Computer Software For Internal Use Amortization
CapitalizedComputerSoftwareForInternalUseAmortization
700000 usd
CY2022 mitk Capitalized Computer Software For Internal Use Amortization
CapitalizedComputerSoftwareForInternalUseAmortization
400000 usd
CY2021 mitk Capitalized Computer Software For Internal Use Amortization
CapitalizedComputerSoftwareForInternalUseAmortization
300000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
1200000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingunit
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="margin-top:12pt;text-indent:28pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Guarantees</span></div><div style="margin-top:6pt;text-indent:28pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Guarantees</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“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.</span></div>
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
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P5Y9M18D
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P3Y8M12D
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P3Y7M6D
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