Key Developments: Mitek Systems Inc (MITK.OQ)

MITK.OQ on NASDAQ Stock Exchange Capital Market

3.76USD
21 Nov 2014
Price Change (% chg)

$-0.14 (-3.59%)
Prev Close
$3.90
Open
$3.94
Day's High
$3.95
Day's Low
$3.71
Volume
58,372
Avg. Vol
117,262
52-wk High
$7.08
52-wk Low
$1.80

Search Stocks

Latest Key Developments (Source: Significant Developments)

Mitek Systems Inc ends suit against Top Image
Monday, 8 Sep 2014 04:05pm EDT 

Mitek Systems Inc:Announces that it has agreed to end all pending litigation with Top Image Systems, Ltd. and TIS America Inc.Says it has decided to withdraw and settle the case with Top Image because the cost of litigating the case would be higher than any potential financial benefit to Mitek.To date, it believes that Top Image has not established a meaningful customer base in the United States for a mobile check deposit product on which it could pay royalties.  Full Article

Mitek Systems Inc and USAA settle lawsuit
Wednesday, 3 Sep 2014 06:00pm EDT 

Mitek Systems Inc and USAA:Says they have agreed to settle all pending litigation between them.USAA and Mitek Systems have been in litigation since March 29, 2012.Over the past several days, parties have met and conferred in good faith concerning the claims remaining for trial.As a result of this discussion, the parties have agreed to resolve these claims.USAA will move to dismiss all of remaining claims, including claims for misappropriation of trade secrets, breach of contract, fraud, inequitable conduct, and invalidity of Mitek's patents.Mitek will move to dismiss all of its remaining claims, including claims for trade defamation and violations of the Lanham Act.Mitek covenants not to sue USAA for patent infringement for products currently sold, marketed, or advertised by USAA, including its Deposit@Mobile application.Parties acknowledge that distinct patent rights exist for each of them.Neither party admits liability on any claim, and neither party is making any payment to the other.USAA is retaining its license to use Mitek's Quick Strokes, Quick FX Pro, and Image Score software products.  Full Article

Mitek Systems Inc and Ensenta Broaden partnership to new mobile imaging solutions
Wednesday, 26 Mar 2014 07:00am EDT 

Mitek Systems Inc and Ensenta:Agreement to broaden their partnership to include new mobile imaging solutions.Ensenta will sell and integrate Mobile Photo Account Opening and Funding, Mobile Photo Bill Pay and Mobile Photo Balance Transfer solutions.Agreement includes Mitek MiSnap SDK.  Full Article

Mitek Systems Inc Announces Full Exercise of Overallotment Option by Underwriters
Wednesday, 3 Jul 2013 02:20pm EDT 

Mitek Systems Inc announced that the underwriter of its previously announced public offering of common stock has exercised in full its overallotment option to purchase an additional 428,571 shares of common stock at the public offering price of $5.25 per share. The closing of the overallotment option exercise occurred July 3, 2013, and resulted in gross proceeds to Mitek of approximately $2,250,000, before deducting underwriting discounts and other estimated offering expenses. Exercise of the overallotment option increases the gross proceeds to Mitek from approximately $15,000,000 to approximately $17,250,000, before deducting underwriting discounts and other estimated offering expenses. Mitek expects to use the net proceeds from the offering for general corporate purposes, including working capital requirements. In connection with the offering, William Blair & Company, L.L.C. served as the sole underwriter.  Full Article

Mitek Systems Inc Announces Pricing of Common Stock Offering
Tuesday, 25 Jun 2013 09:03am EDT 

Mitek Systems Inc announced the pricing of an underwritten public offering of 2,857,142 shares of its common stock at a purchase price of $5.25 per share. The gross proceeds to Mitek from this offering are expected to be approximately $15,000,000, before deducting underwriting discounts and other estimated offering expenses. Mitek has granted the underwriters a 30-day option to purchase up to an aggregate of 428,571 additional shares of common stock to cover overallotments, if any. All of the shares in the offering are to be sold by Mitek. The offering is expected to close on or about June 28, 2013, subject to customary closing conditions. Mitek expects to use the net proceeds from the offering for general corporate purposes, including working capital requirements. In connection with the offering, William Blair & Company, L.L.C. is acting as the sole underwriter.  Full Article

Mitek Systems Inc Announces Proposed Public Offering Of Common Stock
Monday, 24 Jun 2013 04:04pm EDT 

Mitek Systems Inc announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering pursuant to an effective shelf registration statement. All of the shares in the proposed offering are to be sold by Mitek. Mitek expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering solely to cover overallotments, if any. In connection with the proposed offering, William Blair & Company, L.L.C. is acting as the sole underwriter.  Full Article

Mitek Systems Inc Announces Grant Of New Patent By U.S. Patent And Trademark Office
Monday, 7 Jan 2013 07:00am EST 

Mitek Systems Inc announced that it has been issued U.S. Patent No. 8,326,015, Methods for Mobile Image Capture and Processing of Documents, by the U.S. Patent and Trademark Office. With the addition of the 015 patent, Mitek has 13 U.S. and international patents issued and 14 patent applications pending in the U.S. and Canada.  Full Article

Search Stocks