In a story Jan. 29 about Mitek Systems Inc.'s earnings, The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company reported a loss in its first quarter. Mitek reported a profit.
A corrected version of the story is below:
Mitek Systems posts 1Q profit
Mitek Systems posts profit of $146,000 in first quarter
Mitek Systems Inc. (MITK) on Thursday reported a profit of $146,000 in its fiscal first quarter.
On a per-share basis, the San Diego-based company said it broke even. Earnings, adjusted for stock option expense and non-recurring costs, came to 5 cents per share.
The mobile imaging software company posted revenue of $5.4 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $3.85. A year ago, they were trading at $6.14.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MITK at http://www.zacks.com/ap/MITK
Keywords: Mitek Systems, Earnings Report