Mitek Systems shares surge 16.80% intraday after Q1 revenue and EPS exceed estimates, driven by 16-20% SaaS/software growth.

think> Okay, let's tackle this query step by step. The user wants me to act as a financial analyst and explain a stock price movement based on the given news events. The stock in question is Mitek Systems (MITK), which had a 16.8% intraday increase. The recent news provided is about their Q4 2025 earnings report. First, I need to confirm the stock's movement: it went up 16.8% during intraday trading. The trading period is specified as intraday, so that's clear. Now, looking at the news events. The key points are the revenue growth of 18.8% YoY, EPS growth of 73.3%, and exceeding Zacks estimates by 4.72% in revenue and 33.33% in EPS. The SaaS and software segments grew by 16-20%, and non-GAAP gross profits met estimates. However, the stock had fallen 6.9% in the past month despite a "Buy" rating. Wait, the user mentioned that the stock is up 16.8% intraday, but the news also says shares fell 6.9% in the past month. That seems contradictory. But the current movement is intraday, so maybe the recent earnings report caused a reversal from the previous decline. The key is that the earnings report was positive, which could explain the intraday surge. The previous month's decline might have been due to other factors, but the recent positive earnings could be the catalyst for the current upswing. I need to check if the news events are relevant. The earnings report is directly related to the stock's performance. The revenue and EPS exceeding estimates are bullish factors. The SaaS growth is also a positive indicator. The fact that non-GAAP profits met estimates is neutral but still positive in context. The past month's decline isn't directly causing the current move, so it's probably not relevant here. The Zacks "Buy" rating supports a positive outlook. Now, the user wants a concise summary. The main points are the 16.8% increase intraday, driven by the earnings report showing strong revenue and EPS growth, surpassing estimates, and strong performance in key segments. The previous month's decline is a separate issue and not the cause here. So the explanation should focus on the positive earnings results as the driver for the intraday surge. I need to make sure the percentage is rounded to two decimals: 16.80% becomes 16.80% but the example shows 4.23% from 4.230769%, so rounding to two decimals. Wait, the input is 16.80244399%, which is 16.80% when rounded to two decimals. The example uses 4.23% for 4.230769%, so trailing zeros are kept if necessary. Wait, the instruction says to round to two decimal places and remove trailing zeros. So 16.80244399% becomes 16.80% but since the third decimal is 2, which is less than 5, it would be 16.80%. However, if it were 16.805, it would round to 16.81%. But in the example, 4.230769% becomes 4.23%, so trailing zeros are removed. Wait, 16.80% has two decimal places, so no trailing zeros. So the correct rounding is 16.80% but written as 16.80% if the decimal is needed. Wait, maybe the instruction is to round to two decimal places and remove trailing zeros. For example, 16.80244399% rounds to 16.80%, but if it's 16.8, it would be 16.8%. However, the input is 16.80244399, which is 16.80% when rounded to two decimal places. But the example shows 4.23% for a similar input. So in the output, it's 16.80% but written as 16.80%? Wait, the example's input was 4.230769% and the output is 4.23%. So the instruction is to round to two decimal places and keep the two decimals even if they are zeros. So 16.80244399% becomes 16.80%. Now, the summary should mention the stock movement, the trading session (intraday), and the key news. The key news is the Q4 earnings report with revenue and.