Off goes MITK. The stock jumped today. A closer look at what's happening:

 Shares of Mitek Systems Inc (MITK) are trading 18% higher at a price of $10.62 at the time of this writing.

1. MITK stock is moving up because of the company's Q3 2022 earnings call transcript which shows that CEO Max Carnecchia on the call said that they beat expectations by $0.03 and revenue was higher than expected by $3.31 million.
2. Additionally, Mitek Systems released a press release stating that their non-GAAP EPS was $0.23 and revenue was higher than expected by 23.7%.

Mitek Systems Inc has been trading between a 52-week high of $23.29 and a 52-week low of $8.32. The stock has a market cap of $471 Million.

Mitek Systems Inc. is a global leader in mobile capture and digital identity verification built on the latest advancements in computer vision and artificial intelligence. Mitek's identity verification solutions enable organizations to verify an individual's identity during digital transactions to reduce risk and meet regulatory requirements, while increasing revenue from digital channels.