Mitek Systems Inc. (MITK)’s Financial Results Comparing With Bridgeline Digital Inc. (NASDAQ:BLIN)

Mitek Systems Inc. (NASDAQ:MITK) and Bridgeline Digital Inc. (NASDAQ:BLIN) have been rivals in the Application Software for quite some time. Below is a review of each business including various aspects such as profitability, analyst recommendations, risk, dividends, earnings and valuation, institutional ownership.

Earnings and Valuation

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Mitek Systems Inc.	11	5.23	N/A	-0.22	0.00
Bridgeline Digital Inc.	10	0.22	N/A	-105.70	0.00

Table 1 shows gross revenue, earnings per share and valuation of the two companies.

Profitability

Table 2 hightlights the return on assets, return on equity and net margins of the two companies.

	Net Margins	Return on Equity	Return on Assets
Mitek Systems Inc.	0.00%	-9.2%	-7%
Bridgeline Digital Inc.	0.00%	-200.3%	-98.7%

Volatility & Risk

Mitek Systems Inc. has a beta of -0.32 and its 132.00% less volatile than Standard and Poor’s 500. Bridgeline Digital Inc.’s 73.00% more volatile than Standard and Poor’s 500 volatility due to the company’s 1.73 beta.

Liquidity

Mitek Systems Inc.’s Current Ratio is 2.1 while its Quick Ratio is 2.1. On the competitive side is, Bridgeline Digital Inc. which has a 1.7 Current Ratio and a 1.7 Quick Ratio. Mitek Systems Inc. is better positioned to pay off short and long-term obligations compared to Bridgeline Digital Inc.

Analyst Ratings

Ratings and Recommendations for Mitek Systems Inc. and Bridgeline Digital Inc. can be find in next table.

	Sell Ratings	Hold Ratings	Buy Ratings	Rating Score
Mitek Systems Inc.	0	0	3	3.00
Bridgeline Digital Inc.	0	0	0	0.00

$13.83 is Mitek Systems Inc.’s consensus target price while its potential upside is 40.98%.

Insider and Institutional Ownership

Roughly 56.7% of Mitek Systems Inc. shares are owned by institutional investors while 6.5% of Bridgeline Digital Inc. are owned by institutional investors. 5.5% are Mitek Systems Inc.’s share owned by insiders. Insiders Competitively, owned 12.3% of Bridgeline Digital Inc. shares.

Performance

Here are the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

	Performance (W)	Performance (M)	Performance (Q)	Performance (HY)	Performance (Y)	Performance (YTD)
Mitek Systems Inc.	-3.96%	-12.22%	-6.04%	12.65%	21.16%	-3.61%
Bridgeline Digital Inc.	-17.25%	-42.42%	-53.82%	-71.95%	-93.14%	-52.64%

For the past year Mitek Systems Inc.’s stock price has smaller decline than Bridgeline Digital Inc.

Summary

Mitek Systems Inc. beats on 8 of the 8 factors Bridgeline Digital Inc.

Mitek Systems, Inc. develops, markets, and sells mobile capture and identity verification software solutions for enterprise customers worldwide. The company applies its patented technology in image capture, correction, and intelligent data extraction in the mobile financial and business services markets. Its technology allows users to remotely deposit checks, open accounts, get insurance quotes, and pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard. The company offers Mobile Fill to pre-fill forms with personal data by simply snapping a picture of the consumerÂ’s driver license, credit card, or other document; Mobile Verify, an identity verification solution that can be integrated into mobile apps, mobile Websites, and desktop applications; and Mobile Docs, a mobile document scanning solution. It also provides Mobile Deposit, a software that allows users to remotely deposit a check using their camera-equipped smartphones or tablets; and Commercial Mobile Deposit Capture product that integrates the same core technology as Mobile Deposit with additional capabilities specific to small and medium size businesses. The company markets and sells its solutions primarily to financial services, such as banks, credit unions, lenders, payments processers, card issuers, insurers, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.

Bridgeline Digital, Inc. operates as a digital engagement company in the United States. The companyÂ’s iAPPS platform enables companies and developers to create Websites, Web applications, and online stores. It offers iAPPS Experience Manager, a marketing automation engine and content management system; iAPPS Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and iAPPS Commerce, an online B2B and B2C e-commerce solution, which allows users to manage domestic and international commerce initiatives. The company also provides iAPPS Marketier, an online marketing management solution that helps marketers drive to their sites through personalized and targeted marketing automation flows; and iAPPS Analyzer to manage, measure, and optimize Web properties by recording detailed events and mining data for statistical analysis. In addition, it offers iAPPS Social, a social media management solution that empowers customers to set up customized watch lists; and iAPPSds, a Web content management and e-commerce platform to multi-unit organizations and franchises. Further, the company provides digital strategy, Web design and development, usability engineering, information architecture, and search engine optimization services; co-location, application monitoring, emergency response, version control, load balancing, managed firewall security, and virus protection services; and shared, dedicated, and Software as a Service hosting services. It serves vertical markets, such as financial services, franchises/multi-unit organizations, retail brand names, health services and life sciences, technology, credit unions and regional banks, and associations and foundations through its direct sales force. The company was formerly known as Bridgeline Software, Inc. and changed its name to Bridgeline Digital, Inc. in March 2010. Bridgeline Digital, Inc. was founded in 2000 and is headquartered in Burlington, Massachusetts.