Mitek Systems' Transition to SaaS Model Pressures Margins
ByAinvest
Monday, Dec 15, 2025 5:44 am ET1min read
MITK--
Mitek Systems is transitioning from perpetual license sales to a SaaS model, leading to gross margin pressures and sales challenges. This shift is expected to be a growing pain, but it may ultimately lead to long-term declines in check volume.
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