Mitek reports dramatic financial gains on stronger digital ID revenue

Just a year ago, reporting any financial results at all was beyond Mitek. Now, the company is reporting record revenue and profits more than double what they were in the previous fiscal year in its full-year 2023 results.

Mitek booked $172.6 million in revenue during fiscal 2023, up 19 percent from full-year 2022, and net income of $8 million, or $0.17 per diluted share, a 117 percent increase. Operating income was up 28 percent, and operating margin by 9 …

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