Mitek Tapped Chair Scott Carter as Interim CEO, Effective June 1, 2024, Succeeding Max Carnecchia While the Board Searched for a Permanent Replacement

5/13/24 6:32:50 AM ET

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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.

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Recent Analyst Ratings for
$MITK

Date	Price Target	Rating	Analyst
9/4/2024	$17.00 → $9.50	Buy → Hold	Jefferies
12/14/2023	$17.00	Buy	Craig Hallum
10/31/2023	$13.00	Buy	Jefferies
10/25/2022	$17.00 → $13.00	Buy	Jefferies
8/12/2021	$27.00	Buy	HC Wainwright & Co.

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Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company"))), a global leader in digital identity and fraud prevention, today reported financial results for its third quarter ended June 30, 2024 and revised its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2024 Third Quarter Financial Highlights Total revenue was $45.0 million, compared to $43.1 million a year ago, or 4% year-over-year growth. GAAP operating income was $0.7 million, an operating margin of 2%, compared to GAAP operating income of $1.8 million, an operating margin of 4% a year ago. GAAP net income was $0.2 million, or $0.00 per diluted share, compared
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Mitek (NASDAQ:MITK, www.miteksystems.com))), a global leader in digital identity and digital fraud prevention, today announced that it will conduct a conference call on Thursday, August 8th at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss its financial results for the fiscal third quarter ended June 30, 2024. The financial results will be issued in a press release prior to the call. Mitek Interim CEO Scott Carter and CFO Dave Lyle will host the call, followed by a question and answer session. Date: Thursday, August 8, 2024 Time: 2:00 p.m. Pacific time (5:00 p.m. Eastern time) Toll-free dial-in number: 888-999-5318 International dial-in number: +1 848-280-6460 Participants:
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Company Announces $50 Million Share Repurchase Plan Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company"))), a global leader in digital identity and fraud prevention, today reported financial results for its second quarter ended March 31, 2024, and reiterated its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2024 Second Quarter Financial Results Total revenue was $47.0 million, compared to $46.1 million a year ago. GAAP operating income was $0.7 million, an operating margin of 1%, compared to GAAP operating income of $8.7 million, an operating margin of 19% a year ago. GAAP net income was $0.3 million, or $0.
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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
5/13/24 6:30:00 AM ET
$MITK
Computer peripheral equipment
Technology

Mitek Tapped Chair Scott Carter as Interim CEO, Effective June 1, 2024, Succeeding Max Carnecchia While the Board Searched for a Permanent Replacement

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