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Stock Report: "Mitek Systems, Inc." (MITK) Report Updated: Feb 01, 2016 | Print This Page

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"Mitek Systems, Inc." (MITK)

Rating: Buy Volatility: Aggressive
Total Grade: B Industry: Software
Competitors: VLTC, RNG, BLKB, SWI

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: B down downgrade
Last Week: A same no change
Two Weeks Ago: A up no change
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"Mitek Systems, Inc."© quotemedia

Company Profile

Mitek Systems, Inc. engages in the development, sale, and service of software solutions related to mobile imaging solutions and intelligent character recognition software. It provides Mobile Deposit, a software application that allows users to remotely deposit a check using their smartphone cameras; Mobile Photo Bill Pay, a mobile bill paying application that allows users to pay their bills; Mobile ACH Enrollment, an application that enables consumers to enroll their checking accounts as funding sources for mobile payments; and MitekONE, an enterprise platform that addresses various deposit types. The company also offers Mobile Balance Transfer, a credit card shopping application; Mobile Imaging Cloud, a mobile imaging platform that allows users to capture, extract, and route information contained in documents for creating camera-based mobile solutions; Mobile Receipt, a receipt archival and expense report application; and Mobile Phax, a mobile document faxing application. In addition, it provides character recognition toolkits under the brand ImageNet that provide accuracy in remittance processing, proof of deposit, and lock box processing applications. The company’s ImageNet products are used to reduce manual labor by automatically extracting amounts and routing information from checks and distinguishing between common document types, such as personal and business checks, substitute checks, pre-authorized drafts, and other document types. Further, it offers FraudProtect Systems, an automated software application that allows banks to detect the common forms of check fraud from forged signatures and counterfeit checks, as well as the detection of pre-authorized drafts and payee name alterations. The company markets its mobile solutions directly, as well as through various channel partners to enterprise customers and end-users in the United States. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.

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