No. of Recommendations: 0
I held MITK a few years ago, and I have used it to trade (with modest and inconsistent success) as it is thinly traded and a $1 trade range can be exploited. The problem (for me) with MITK was that its sales and R&D expenses were growing as fast or faster than revenues. They had something like 99 of the top 100 banks as customers but seemed to have, or management felt they had, no pricing power. This was as to the then primary revenue source which was the check deposit by taking cell phone picture. The newer business was customer identification using same image capture of identity documents as well as an extensive data base of government forms, data on fraud methods, and some AI/ML ability to process all the above.

It would be interesting to see if they ever got a handle on SG&A and R&D expenses. They did change top management recently which I was happy to see. I quick check of the last 4 annual reports and the last few 10Q's would tell me all I needed to know.

KC
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