Originally published on Best Stocks The Mitek Verified Identity Platform (MiVIP) will be released during the third quarter of the fiscal year 2022, bringing it faster and more secure digital access.With a record-breaking $39.3 million in earnings for the third quarter, total sales rose 24% year-over-year. Loss per diluted share was $0.02, for a total loss of $0.9M. Earnings before interest, taxes, depreciation and amortization were $10.2 million, or $0.23 per diluted share, following non-GAAP accounting standards.Mitek Systems stock (MITK) today is trading at $10.5 with a 7% daily gain and a 15% gain MTD-By the conclusion of the third month, the company had $90.6 million in liquid assets. CEO Max Carnecchia said that “identity verification has become important to secure digital access” as a result of the increasing number of online transactions made by customers. Companies lost $52 billion and 42 million American customers fell victim to identity theft in 2021 due to legitimate and fraudulent attempts to steal their personal information. 1 In addition to saving businesses time and money, Carnecchia explains, “during the quarter, we released MiVIP, the Mitek Verified Identification Platform, which makes digital access quicker and more secure than ever by providing complete, secure control over the whole client identity journey.” The new platform is the result of Mitek’s dedication to empowering its clients by providing them with the tools they require to shape their customers’ experiences as end users.Frank Teruel, the company’s chief financial officer, has remarked, “Our customers feel the weight of massive fraud losses, substantial operational expenses, and brand harm associated with identity theft, all while striving to maintain a flawless customer experience.” “MiVIP gives our clients the means to rapidly deploy and stabilize these perennial tensions,” the company says.To Inform You About Mitek Systems, Inc.Mitek (NASDAQ: MITK) is an industry pioneer in the field of cross-platform digital identification and fraud prevention. With Mitek’s global platform and cutting-edge identity verification technology, businesses can enjoy unprecedented levels of control, deployment simplicity, and operation while safeguarding their customers’ experiences across the whole sales funnel. Mitek is used by over 7,500 companies to make mobile check deposits, account opening, and other financial services more reliable and convenient for their customers.