View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
May 18, 2009

Mitek Systems net sales down in Q2

But company excited about new partnerships

By CBR Staff Writer

Mitek Systems, a provider of image analytics and mobile imaging software, has announced the financial results for the second quarter of fiscal 2009.

The company reported a net loss of approximately $240,000 or $0.01 per basic and diluted share for the second quarter of fiscal 2009, compared to a net loss of $222,000 or $0.01 per basic and diluted share for the second quarter of fiscal 2008.

For the second quarter of fiscal 2009, the company posted net sales of approximately $0.9m, compared to $1.3m for the second quarter of fiscal 2008. Operating loss was approximately $237,000 compared to $221,000 for the same quarter last year. The cash and cash equivalents for the second quarter of fiscal 2009, was $0.8m compared to $1.5m for the same period last year.

The Company announced during the quarter that RMD, a provider of specialised software and hardware products for electronic payment processing, will integrate Mitek’s ImageNet Mobile Deposit into its Image & Transaction Management System (ITMS) suite of remote deposit capture products.

James DeBello, president and CEO of Mitek Systems, said: “We are excited to work with our new partners who share our vision for ImageNet Mobile Deposit to improve personal convenience and business productivity. As a result, we continue to invest in the development of proprietary image analytics and other mobile document capture applications for smart phones, and have applied for several patents to protect our innovations.”

Content from our partners
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.