Mitek Systems (MITK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended June 2025, Mitek Systems (MITK) reported revenue of $45.73 million, up 1.7% over the same period last year. EPS came in at $0.22, compared to $0.25 in the year-ago quarter.The reported revenue represents a surprise of +3.7% over the Zacks Consensus Estimate of $44.1 million. With the consensus EPS estimate being $0.18, the EPS surprise was +22.22%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Mitek Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Revenue- Software and hardware: $19.51 million compared to the $20.54 million average estimate based on three analysts. The reported number represents a change of -13.9% year over year.Revenue- Service and other: $26.22 million versus $22.95 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +17.5% change.Non-GAAP gross profit for services and other: $19.43 million compared to the $18.95 million average estimate based on three analysts.Non-GAAP gross profit for software and hardware: $19.45 million versus $18.29 million estimated by three analysts on average.View all Key Company Metrics for Mitek Systems here>>>Shares of Mitek Systems have returned -10.2% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.See "2nd Wave" AI stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mitek Systems, Inc. (MITK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks