MITEK SYSTEMS INC (MITK) revealed a profit for second quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $0.28 million, or $0.01 per share. This compares with $5.17 million, or $0.11 per share, in last year's second quarter.
Excluding items, MITEK SYSTEMS INC reported adjusted earnings of $11.54 million or $0.24 per share for the period.
Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.8% to $46.97 million from $46.12 million last year.
MITEK SYSTEMS INC earnings at a glance (GAAP) :
-Earnings (Q2): $0.28 Mln. vs. $5.17 Mln. last year.
-EPS (Q2): $0.01 vs. $0.11 last year.
-Revenue (Q2): $46.97 Mln vs. $46.12 Mln last year.
-Guidance:
Full year revenue guidance: $180 Mln-$185 Mln
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