Mitek Systems jumps on Q4 results beat
16/12/2024 21:33
** Shares of software development company Mitek Systems
MITK.O rise 16.9% to $11.09 in extended trading
** Co's Q4 revenue rises 15% to $43.2 mln, compared with
estimates of $41.3 mln - LSEG data
** MITK reports adjusted profit of 33 cents/shr in Q4 vs
estimates of 17 cents/shr
** Forecasts fiscal 2025 revenue to be between $170 mln and
$180 mln, compared with estimates of $179.5 mln
** Up to last close, MITK stock had fallen 27.2% YTD
(Reporting by Harshita Mary Varghese in Bengaluru)
((HarshitaMary.Varghese@thomsonreuters.com))