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Mitek Systems Announces $50M Stock Buyback Plan

Benzinga·02/05/2026 21:54:33
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Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, "Mitek" or the "Company"), a global leader in digital identity verification and fraud prevention, today reported financial results for its first quarter ended December 31, 2025 and raised its revenue and adjusted EBITDA Margin guidance range for the fiscal year ending September 30, 2026 ("fiscal 2026").

  • On February 5, 2026, the Board of Directors of the Company approved a new share repurchase program, authorizing the Company to repurchase up to $50 million of its Common Stock. The new share repurchase program will become effective at the completion of the Company's 2024 share repurchase program and will remain effective for a period of up to two years.