earnings
confidence high
sentiment negative
materiality 0.65
Mercury Systems Q2 FY2022: GAAP loss of $0.05/sh, adj EPS $0.39, revenue up 5%
MERCURY SYSTEMS INC
2022-Q2 EPS reported
-$0.18
revenue$445,393,000
- Revenue $220.4M (+5% YoY); GAAP net loss $(2.6)M vs. profit of $12.7M a year ago.
- Adjusted EPS $0.39 (down from $0.54); adjusted EBITDA $38.1M (down from $45.3M).
- Bookings $237M, book-to-bill 1.08; total backlog $953.7M.
- Free cash flow $(1.2)M vs. $10.2M prior year; completed Avalex and Atlanta Micro acquisitions.
- Expects stronger H2 bookings and return to growth in fiscal 2023.