Mitek Systems Inc's shares surged over 15% following its Q1 FY23 results. The company reported a 41% Y/Y increase in total revenue to $45.7 million, partly due to a large, multi-year mobile deposit contract. Adjusted EPS of $0.31 surpassed the consensus of $0.20. The company also raised its FY23 revenue outlook to $169.0 million-$171.0 million, up from $162.0 million-$165.0 million. The Nasdaq hearings panel has granted its request for continued listing pending its return to compliance with the filing requirement.