secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001049521-22-000060
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000060/0001049521-22-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000060/mrcy-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001049521-22-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer