| Business Summary | | Mitek
Systems,
Inc.
is
primarily
engaged
in
the
development
and
sale
of
software
products
with
particular
focus
on
intelligent
character
recognition
and
forms
processing
technology,
products
and
services
for
the
document
imaging
markets.
The
Company
develops,
markets
and
supports
Automated
Document
Recognition
(ADR)
products
for
the
recognition
of
hand
printed
characters.
The
Company's
proprietary
technology
recognizes
hand-printed
and
machine-generated
characters
with
a
level
of
accuracy
that
renders
the
Company's
ADR
products
a
viable
alternative
to
manual
data
entry
in
certain
applications.
The
Mitek
solution
allows
customers
that
process
large
volumes
of
hand
printed
and
machine
generated
documents
to
do
so
more
quickly,
with
greater
accuracy
and
at
reduced
costs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mitek
Systems
Inc.
designs,
manufactures
and
markets
advanced
character
recognition
products
for
intelligent
forms
processing
applications,
document
imaging
system
products
and
solutions
systems
integration
services.
For
the
nine
months
ended
6/30/01,
net
sales
fell
11%
to
$6.6
million.
Net
loss
totaled
$217
thousand
vs.
an
income
of
$17
thousand.
Results
reflect
the
Company's
more
stringent
order
acceptance
criteria,
lower
gross
margins
and
higher
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Thornton, 68 Chairman,
Pres, CEO, Chief Financial Officer | $225K | David Pintsov, Ph.D. Sr.
VP | 173K | Noel Flynn VP-
Operations | 130K | William Boersing VP,
North American Sales | 150K | Dennis Brittain, Ph.D. CTO | 125K | Dollar
amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|