Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted consortium designed to combat check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end identity verification solution designed for KYC process; and MiPass, an authentication solution, including facial and voice biometrics to safeguard against sophisticated fraud techniques. Further, the company provides IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.
Metrics to compare | MITK | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipMITKPeersSector | |
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P/E Ratio | 137.8x | 2.0x | 11.4x | |
PEG Ratio | −2.35 | 0.05 | 0.01 | |
Price / Book | 2.1x | 3.1x | 2.4x | |
Price / LTM Sales | 2.6x | 4.4x | 2.1x | |
Upside (Analyst Target) | 29.0% | 22.4% | 26.6% | |
Fair Value Upside | Unlock | 21.8% | 6.1% | Unlock |