---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-22-000060"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T16:54:46.337102+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001049521-22-000060
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952122000060/0001049521-22-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952122000060/mrcy-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-22-000060
- JSON: https://secwatch.observer/filing/0001049521-22-000060.json
- Plain text: https://secwatch.observer/filing/0001049521-22-000060.txt

## Key facts
- Earnings Releases
  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
  source text: Total Company first quarter fiscal 2023 revenues were $227.6 million, compared to $225.0 million in the first quarter of fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952122000060/0001049521-22-000060-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.