Mitek Provides Update On Nasdaq Listing; Reiterates 2022 Preliminary Results And Provides 2023 Guidance; Sees FY22 Revenue $143M-$144M Vs $144.39M Est.; Sees FY23 Revenue $162M-$165M Vs $165.75M Est.
Portfolio Pulse from Benzinga Newsdesk
Mitek reiterates its FY22 preliminary results, expecting revenue between $143M-$144M, and provides FY23 guidance with revenue between $162M-$165M. The company expects non-GAAP operating margins of 29%-30% for FY22 and 29.5%-30.5% for FY23.
June 13, 2023 | 8:15 pm
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Mitek's FY22 revenue is expected to be between $143M-$144M, with FY23 revenue guidance of $162M-$165M. Non-GAAP operating margins are expected to be 29%-30% for FY22 and 29.5%-30.5% for FY23.
Mitek's revenue guidance for FY22 and FY23 is in line with market expectations, which may not have a significant short-term impact on the stock price. However, the company's non-GAAP operating margins are expected to be stable, which could be seen as a positive sign by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100