secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001049521-22-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercury Systems Q4 revenue $290M (+16% YoY), record bookings $332M
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- GAAP net income $16.9M ($0.30 EPS) vs $17.9M ($0.32 EPS) year ago; adjusted EPS $0.81 vs $0.73.
- Full-year FY2022 revenue $988.2M; GAAP net income $11.3M ($0.20 EPS) vs $62.0M ($1.12 EPS) in FY2021.
- Record backlog $1.04B, up $128.1M from prior year; $646.7M expected to be recognized within 12 months.
- Q4 free cash flow negative $27.6M vs positive $16.3M year ago; full-year FCF negative $46.5M.
- Organic revenue in FY2022 $870.4M, down 5% YoY; company cites supply chain and labor headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000040/0001049521-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000040/mrcy-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001049521-22-000040

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