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MITK's 35% Dip: Catch The Rebound Wave Before It Surges

By Forbes   |   Aug 16, 2024 at 03:02 PM EST
MITK's 35% Dip: Catch The Rebound Wave Before It Surges

Mitek Systems (MITK) stock dropped 35% after Q3 earnings miss, revising revenue targets. Despite setbacks, MITK posted growth and generated $12.6 million in free cash flow. Management remains optimistic about future deals and product growth.

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