SAN DIEGO (AP) — SAN DIEGO (AP) — Mitek Systems Inc. (MITK) on Tuesday reported profit of $4.7 million in its fiscal first quarter.
On a per-share basis, the San Diego-based company said it had profit of 10 cents. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.
The mobile imaging software company posted revenue of $45.7 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $43.4 million.
Mitek Systems expects full-year revenue in the range of $169 million to $171 million.