William Blair analyst Bhava Suri rates Mitek "outperform." The analyst said in a report on Jan. 31 that "the launch of mobile deposit at several marquee banks as well, as the increased diversification in product revenue, should assist in creating a more consistent and predictable revenue growth rate."
Suri estimates that Mitek's fiscal 2013 revenue will increase to $10.9 million, increasing from $10.3 million in fiscal 2012. Suri estimates Mitek will post a fiscal 2013 net loss of $0.20 a share.
-- Written by Philip van Doorn in Jupiter, Fla.>Contact by Email. Follow @PhilipvanDoorn