• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Mitek Announces CEO Transition

    5/13/24 6:30:00 AM ET
    $MITK
    Computer peripheral equipment
    Technology
    Get the next $MITK alert in real time by email

    Scott Carter, Previous Executive Chair of the Board and Current Chairman of the Board, Appointed Interim CEO

    Search Underway to Identify Permanent CEO

    Mitek (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company"))), a global leader in digital identity and digital fraud prevention, today announced that the Company's Board of Directors has appointed Scott Carter as Interim CEO, effective June 1, 2024. The Company will terminate the employment of Mitek's current CEO, Max Carnecchia, on May 31, 2024. At the request of the Board, Mr. Carnecchia will remain a member of the Board of Directors and be available to assist with the CEO transition process. The Board has engaged the services of a leading global executive search firm and has commenced the search for a new CEO.

    "Mitek is well positioned to enter its next phase of growth," said Donna Wells, Mitek's Nominating and Governance Committee Chairperson. "Now that Mitek has successfully navigated through a period of delayed SEC filings, the Board of Directors determined that putting new leadership in place would provide the best path forward to realize those significant opportunities."

    "While we conduct our search for a new CEO, Scott's highly successful track record across multiple segments of the identity and financial services industry, deep knowledge of Mitek, and strong operational skills make him the ideal executive to lead a seamless transition for the Company," said Wells.

    Scott Carter is a highly experienced technology leader with a proven track record for accelerating growth in identity and financial technology organizations. In his role as Executive Chairman of Mitek in 2023, Scott was deeply involved in Mitek's daily operations, engaging directly with customers and partners. Consequently, he has a deep understanding of the Company and well established relationships with leaders and teams across the Company. He will hit the ground running, benefiting from the company specific knowledge and experience necessary to successfully lead the Company while the search for a new CEO is conducted.

    Scott Carter said, "Mitek's recent product innovations, including Check Fraud Defender, MiVIP, MiPass, and ID R&D biometrics, are gaining market acceptance, positioning us well for continued profitable growth. I believe deeply in our vision and look forward to working with the leadership team and partners to continue strengthening our business and driving growth through operational discipline and execution. My focus will be on our people, our operations, and our customers, working together to advance our strategy."

    Wells concluded, "On behalf of the Board, we are deeply grateful for Max's many contributions to Mitek over the past five-plus years. Max was instrumental in establishing and growing Mitek's identity and fraud management business, which will form the foundation for our future success."

    "Working with our amazing employees, customers, and partners through a period of tremendous change and growth has been an honor," said Max Carnecchia. "I am proud of the leading identity and fraud management offerings we have built, which positions the Company well for the future."

    Kimberly S. Stevenson will become the lead independent director on June 1, 2024.

    About Mitek Systems, Inc.

    Mitek (NASDAQ:MITK) is a global leader in digital access, founded to bridge the physical and digital worlds. Mitek's advanced identity verification technologies and global platform make digital access faster and more secure than ever, providing companies new levels of control, deployment ease and operation, while protecting the entire customer journey. Trusted by 99% of U.S. banks for mobile check deposits and 7,900 of the world's largest organizations, Mitek helps companies reduce risk and meet regulatory requirements. Learn more at www.miteksystems.com. [(MITK-F)]

    Follow Mitek on LinkedIn and YouTube, and read Mitek's latest blog posts here.

    Notice Regarding Forward-Looking Statements

    Statements contained in this news release relating to the Company or its management's intentions, hopes, beliefs, expectations or predictions of the future, including, but not limited to, statements relating to the Company's search for a new CEO, Mr. Carter's ability to promote a seamless transition and his ability to successfully lead the Company, the Company's profitable growth and strategy, including the next phase of growth, the best path for growth and driving profitable growth, the Company's ability to strengthen its business and the Company's future growth, are forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, risks related to the Company's ability to withstand negative conditions in the global economy, a lack of demand for or market acceptance of the Company's products, the impact of the Company's acquisition of HooYu Ltd. including any operational or cultural difficulties associated with the integration of the businesses of Mitek and HooYu Ltd., the Company's ability to continue to develop, produce and introduce innovative new products in a timely manner, the Company's ability to capitalize on a growing market, quarterly variations in revenue, the profitability of certain sectors of the Company, the performance of the Company's growth initiatives, the outcome of any pending or threatened litigation, and the timing of the implementation and launch of the Company's products by the Company's signed customers.

    Additional risks and uncertainties faced by the Company are contained from time to time in the Company's filings with the U.S. Securities and Exchange Commission (SEC), including, but not limited to, the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2023, as filed with the SEC on March 19, 2024 and its quarterly reports on Form 10-Q and current reports on Form 8-K, which you may obtain for free on the SEC's website at www.sec.gov. Collectively, these risks and uncertainties could cause the Company's actual results to differ materially from those projected in its forward-looking statements and you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company disclaims any intention or obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240513727760/en/

    Get the next $MITK alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MITK

    DatePrice TargetRatingAnalyst
    9/4/2024$17.00 → $9.50Buy → Hold
    Jefferies
    12/14/2023$17.00Buy
    Craig Hallum
    10/31/2023$13.00Buy
    Jefferies
    10/25/2022$17.00 → $13.00Buy
    Jefferies
    8/12/2021$27.00Buy
    HC Wainwright & Co.
    More analyst ratings

    $MITK
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Rossi Mark bought $67,550 worth of Common Sock (7,500 units at $9.01), increasing direct ownership by 26% to 36,244 units (SEC Form 4)

      4 - MITEK SYSTEMS INC (0000807863) (Issuer)

      3/10/25 8:33:16 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Director Carter Scott R bought $108,960 worth of Common Sock (12,000 units at $9.08) (SEC Form 4)

      4 - MITEK SYSTEMS INC (0000807863) (Issuer)

      3/10/25 5:24:45 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Chief Executive Officer West Edward H bought $506,407 worth of Common Sock (55,000 units at $9.21) (SEC Form 4)

      4 - MITEK SYSTEMS INC (0000807863) (Issuer)

      2/24/25 8:28:51 AM ET
      $MITK
      Computer peripheral equipment
      Technology

    $MITK
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Mitek Systems Inc.

      SC 13G/A - MITEK SYSTEMS INC (0000807863) (Subject)

      11/12/24 12:48:30 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • SEC Form SC 13G/A filed by Mitek Systems Inc. (Amendment)

      SC 13G/A - MITEK SYSTEMS INC (0000807863) (Subject)

      2/13/24 5:09:38 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • SEC Form SC 13G/A filed by Mitek Systems Inc. (Amendment)

      SC 13G/A - MITEK SYSTEMS INC (0000807863) (Subject)

      2/13/24 4:03:03 PM ET
      $MITK
      Computer peripheral equipment
      Technology

    $MITK
    Financials

    Live finance-specific insights

    See more
    • Mitek Reports Record Fiscal 2025 Second Quarter Financial Results

      Raises Adjusted EBITDA Margin Guidance Range for Fiscal 2025 Secures Term Loan Facility to Retire 2026 Convertible Notes Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company")), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its second quarter ended March 31, 2025 and raised its adjusted EBITDA margin guidance range for its fiscal 2025 full year ending September 30, 2025 ("fiscal 2025"). "Mitek delivered a strong second quarter, achieving all-time record revenue and record profitability, underscoring our continued momentum," said Ed West, Mitek's CEO. "SaaS revenue growth was particula

      5/8/25 4:05:00 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek to Report Fiscal 2025 Second Quarter Financial Results on May 8, 2025

      Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture, and fraud management, today announced that it will release its financial results for the second quarter of the fiscal year 2025, which ended March 31, 2025, after the U.S. market closes on Thursday, May 8, 2025. Mitek will discuss the results during a conference call and live webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time). Mitek CEO Ed West and CFO Dave Lyle will host the call, followed by a question and answer session. Conference Call and Webcast Information Event: Mitek's Second Quarter Fiscal Year 2025 Financial Results Date: Thursday, May 8, 2025 Time: 2:00 p.m. Pacific t

      4/24/25 4:05:00 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek Reports Fiscal 2025 First Quarter Financial Results

      Raises Lower-End of Adjusted EBITDA Margin Guidance Range for Fiscal 2025 Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company")), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its first quarter ended December 31, 2024 and raised the lower end of its Adjusted EBITDA margin guidance range for its fiscal 2025 full year ending September 30, 2025 ("fiscal 2025"). "We delivered a solid first quarter, with results ahead of our expectations in our SaaS products, which grew 29% year over year, offset by year-over-year variances in software license sales," said Ed West, Mitek's CEO. "We are e

      2/10/25 4:05:00 PM ET
      $MITK
      Computer peripheral equipment
      Technology

    $MITK
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Mitek Systems downgraded by Jefferies with a new price target

      Jefferies downgraded Mitek Systems from Buy to Hold and set a new price target of $9.50 from $17.00 previously

      9/4/24 8:14:30 AM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Craig Hallum initiated coverage on Mitek Systems with a new price target

      Craig Hallum initiated coverage of Mitek Systems with a rating of Buy and set a new price target of $17.00

      12/14/23 7:57:35 AM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Jefferies resumed coverage on Mitek Systems with a new price target

      Jefferies resumed coverage of Mitek Systems with a rating of Buy and set a new price target of $13.00

      10/31/23 7:33:07 AM ET
      $MITK
      Computer peripheral equipment
      Technology

    $MITK
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $MITK
    Leadership Updates

    Live Leadership Updates

    See more

    $MITK
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $MITK
    SEC Filings

    See more
    • SVP Identity Briggs Christopher H covered exercise/tax liability with 2,200 shares, decreasing direct ownership by 2% to 102,411 units (SEC Form 4)

      4 - MITEK SYSTEMS INC (0000807863) (Issuer)

      4/30/25 4:27:04 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Amendment: New insider Briggs Christopher H claimed ownership of 29,475 shares (SEC Form 3)

      3/A - MITEK SYSTEMS INC (0000807863) (Issuer)

      4/30/25 4:12:42 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • SVP Identity Briggs Christopher H covered exercise/tax liability with 9,501 shares and converted options into 18,012 shares, decreasing direct ownership by 2% to 104,611 units (SEC Form 4)

      4 - MITEK SYSTEMS INC (0000807863) (Issuer)

      4/30/25 4:12:48 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek Appoints Industry Expert Garrett Gafke as Chief Operating Officer to Accelerate Growth and Innovation

      Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, fraud prevention, and biometrics, today announced the appointment of Garrett Gafke as Chief Operating Officer. A recognized entrepreneur and Fortune 500 executive, Mr. Gafke brings decades of experience scaling and transforming technology businesses across risk, fraud, and digital identity. As part of Mitek's strategy to accelerate growth through innovation and operational excellence, the appointment of Mr. Gafke represents a pivotal forward step. A proven leader in category-defining technology, he joins the executive team with a clear mandate: to streamline operations, accelerate innovation, and expand th

      4/28/25 8:00:00 AM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek Systems Announces Mark Rossi as a Nominee to its Board of Directors

      To be Voted on at the Company's Annual Meeting in March Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture, and fraud management, today announced the nomination of Mark Rossi to its board of directors. Mr. Rossi will also serve as a member of the board's audit committee, pending shareholder approval at the company's upcoming annual meeting. Mr. Rossi brings over four decades of strategic, financial, and operational expertise, having served on the boards of approximately 25 companies, including seven public entities. He is a co-founder of Cornerstone Equity Investors, where he managed a series of Private Equity funds over a period of 25 ye

      1/28/25 6:14:00 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek Appoints James Fay to Board of Directors

      Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t

      10/22/24 4:05:00 PM ET
      $MITK
      $MTTR
      $NPTN
      Computer peripheral equipment
      Technology
      Computer Software: Prepackaged Software
      Semiconductors
    • Mitek Reports Record Fiscal 2025 Second Quarter Financial Results

      Raises Adjusted EBITDA Margin Guidance Range for Fiscal 2025 Secures Term Loan Facility to Retire 2026 Convertible Notes Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company")), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its second quarter ended March 31, 2025 and raised its adjusted EBITDA margin guidance range for its fiscal 2025 full year ending September 30, 2025 ("fiscal 2025"). "Mitek delivered a strong second quarter, achieving all-time record revenue and record profitability, underscoring our continued momentum," said Ed West, Mitek's CEO. "SaaS revenue growth was particula

      5/8/25 4:05:00 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek Appoints Industry Expert Garrett Gafke as Chief Operating Officer to Accelerate Growth and Innovation

      Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, fraud prevention, and biometrics, today announced the appointment of Garrett Gafke as Chief Operating Officer. A recognized entrepreneur and Fortune 500 executive, Mr. Gafke brings decades of experience scaling and transforming technology businesses across risk, fraud, and digital identity. As part of Mitek's strategy to accelerate growth through innovation and operational excellence, the appointment of Mr. Gafke represents a pivotal forward step. A proven leader in category-defining technology, he joins the executive team with a clear mandate: to streamline operations, accelerate innovation, and expand th

      4/28/25 8:00:00 AM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek to Report Fiscal 2025 Second Quarter Financial Results on May 8, 2025

      Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture, and fraud management, today announced that it will release its financial results for the second quarter of the fiscal year 2025, which ended March 31, 2025, after the U.S. market closes on Thursday, May 8, 2025. Mitek will discuss the results during a conference call and live webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time). Mitek CEO Ed West and CFO Dave Lyle will host the call, followed by a question and answer session. Conference Call and Webcast Information Event: Mitek's Second Quarter Fiscal Year 2025 Financial Results Date: Thursday, May 8, 2025 Time: 2:00 p.m. Pacific t

      4/24/25 4:05:00 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • SEC Form 10-Q filed by Mitek Systems Inc.

      10-Q - MITEK SYSTEMS INC (0000807863) (Filer)

      5/8/25 4:20:33 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek Systems Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - MITEK SYSTEMS INC (0000807863) (Filer)

      5/8/25 4:14:50 PM ET
      $MITK
      Computer peripheral equipment
      Technology
    • Mitek Systems Inc. filed SEC Form 8-K: Unregistered Sales of Equity Securities, Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - MITEK SYSTEMS INC (0000807863) (Filer)

      4/28/25 8:06:45 AM ET
      $MITK
      Computer peripheral equipment
      Technology