Mitek Systems, Inc. (NASDAQ:MITK) Q4 2022 Earnings Call Transcript

Fuad Ahmad: And I just kind of add a little bit. I don’t think you see that in our guidance for 2023, that our operating, and non-GAAP operating margin guidance is 29.5% to 35% and on the high end it’s higher than where we ended 2022 at and we’re still obviously growing the business and consolidating and going through consolidation of the HooYu business and the synergies that will come from that so we will have to be included in. But despite all of that, we’re projecting slightly higher non-GAAP operating margin for 2022.

Allen Klee: Thank you. Last question is, do you think once you caught up on your financials that you might be able to release your Qs and Ks on the same day that you report your earnings?

Fuad Ahmad: At this point, I wouldn’t set that expectation. I think we will do that in sequentially and that’s just the way the auditor profits to work. They will complete all their work for fiscal 2022 and then they’ll move to 2023. So we’ll do that sequentially. As I said earlier on the call, we’ll be talking about at least 10 days for the K and then weeks after that for the Qs after the auditors finish their work and completed, then we’ll release those and with the expectation that we get back to the normal cadence starting in Q3 and thereafter.

Allen Klee: Okay. Thank you very much.

Fuad Ahmad: Thanks, Allen.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Todd Kehrli for any closing remarks.

Todd Kehrli: Thank you, operator, and thank you, everyone for joining us today. We look forward to updating you again in next quarter. The call has concluded, and have a wonderful day.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.