secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001049521-22-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercury Systems Q3 FY2022: Record bookings $295M, but GAAP EPS drops to $0.07 from $0.28 YoY
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- Record bookings of $295M (+41% YoY); book-to-bill 1.17; backlog hits record $996M.
- Revenue $253.1M (down 1.5% YoY); GAAP net income $4.1M ($0.07 EPS) vs $15.6M ($0.28 EPS) YoY.
- Adjusted EPS $0.57 vs $0.64 YoY; adjusted EBITDA $52.5M vs $54.8M.
- Operating cash flow turned negative at ($4.3M) vs positive $23.2M YoY; free cash flow ($10.3M).
- Refinanced credit facility to $1.1B; expects return to organic growth in Q4 and FY2023, citing supply chain risks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000016/0001049521-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000016/mrcy-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001049521-22-000016

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