Mercury Systems Q1 bookings up 34% to $266.9M, backlog record $1.08B; GAAP loss widens

MERCURY SYSTEMS INC

2023-Q1 EPS reported -$0.26 revenue$227,579,000

Bookings $266.9M (+34% YoY), book-to-bill 1.17; backlog $1.08B (+22% YoY).
Revenue $227.6M (+1.2% YoY); GAAP net loss $14.3M (-$0.26) vs loss $7.1M (-$0.13).
Adjusted EPS $0.24 vs $0.41; adjusted EBITDA $31.2M vs $38.3M.
Free cash flow -$73.4M vs -$7.4M; operating cash flow -$66.0M.
Company raised low end of FY23 revenue and adjusted EBITDA guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MERCURY SYSTEMS INC reported first quarter of fiscal 2023 results: revenue $227.6 million, net income $(14.3) million, or $0.26 per share, EPS $0.24 per share (adjusted). Guidance raised.

Period: first quarter of fiscal 2023
Revenue: $227.6 million
Net income: $(14.3) million, or $0.26 per share
EPS: $0.24 per share (adjusted)
Guidance: raised
Result: reported results

Exact text from the filing

Total Company first quarter fiscal 2023 revenues were $227.6 million, compared to $225.0 million in the first quarter of fiscal 2022.

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Source: SEC EDGAR

accession 0001049521-22-000060

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