Mitek to Revise Down Prior Quarterly Revenue & EPS

Mitek says the audit committee concluded a restatement of prior quarterly reports would be required to correct some errors.

• Sees no impact on its current cash position, cash flow or liquidity from the restatements
• Estimated restated rev. for three months ended Mar. 31, 2022 $33.5m, previously reported $34.7m; Estimated restated EPS $0.01, previously reported $0.02
• Estimated restated rev. for three months ended Jun. 30, 2022 $39.2m, previously reported $39.3m; Estimated restated EPS $0.00, previously reported $0.02
• Sees prelim. revenue for the year ended Sept. 30, 2022 will be in the range of $143.0 million to $144.0 million, vs $119.8 million ...