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Mitek Reports June Results: Increased Revenue, More Clients

By Julie Muhn (@julieschicktanz) Posted on
Categories: Mitek

MitekLogo.jpg

Mobile imaging technology company Mitek recently released 3Q (June) revenue and growth numbers.

Here are some of the results, pulled from a report by Janney Capital Markets:

Revenue

    • Almost $4 million in revenue (23% YOY growth) MitekRDC.jpg
    • 26% recurring revenue

Clients

    • 3 new institutions signed on to use Mobile Photo Bill Pay, bringing the total to 10, with 4 customers live
    • 114 institutions went live with Mobile Deposit, bringing the total live clients on the platform to 559
    • 1,059 banks signed up to use Mobile Deposit (160% YOY growth)

To learn more about Mitek, check out its FinovateSpring 2012 demo video.

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