secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001049521-21-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercury Systems Q1 FY22 revenue up 9% to $225M; GAAP net loss; announces Avalex acquisition
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- Revenue $225M (+9% YoY); GAAP net loss $7.1M (-$0.13/share) vs net income $15.8M ($0.29) a year ago.
- Adjusted EPS $0.41 vs $0.51 YoY; adjusted EBITDA $38.3M vs $42.8M.
- Free cash flow negative $7.4M vs positive $12.0M; operating cash flow negative $2.0M.
- Bookings $199.3M, book-to-bill 0.89; total backlog $883.9M (+$57.8M YoY).
- Announced definitive agreement to acquire Avalex Technologies to scale avionics/mission systems capabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952121000047/0001049521-21-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952121000047/mrcy-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001049521-21-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer