---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-23-000002"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T04:49:03.860379+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mercury Systems Q2 rev $229.6M (+4%), GAAP loss $10.9M; CFO departs, strategic review launched

## Summary
- Revenue $229.6M (+4% YoY); GAAP net loss $10.9M ($0.19 loss per share); adjusted EPS $0.26 vs $0.39 prior year.
- Bookings $270.3M, book-to-bill 1.18; record backlog $1.12B; free cash flow $22.2M.
- Board approved exploration of strategic alternatives including potential sale of company.
- CFO Michael Ruppert departs Feb 17, 2023; Michelle McCarthy named interim CFO, receives $200k restricted stock award.

## SEC filing metadata
- accession: 0001049521-23-000002
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000002/0001049521-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000002/mrcy-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-23-000002
- JSON: https://secwatch.observer/filing/0001049521-23-000002.json
- Plain text: https://secwatch.observer/filing/0001049521-23-000002.txt

## Key facts
- Earnings Releases
  MERCURY SYSTEMS INC updated its fiscal year 2023 guidance (reaffirmed).
  - Period: fiscal year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: we’re maintaining our full-year guidance for revenue and adjusted EBITDA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000002/0001049521-23-000002-index.htm
- Executive change
  Michael D. Ruppert departed as Executive Vice President, Chief Financial Officer, and Treasurer at MERCURY SYSTEMS INC.
  - Action: will be departing
  - Role: Executive Vice President, Chief Financial Officer, and Treasurer
  source text: On January 25, 2023, Michael D. Ruppert, the Company’s Executive Vice President, Chief Financial Officer, and Treasurer informed the Company that he will be departing on February 17, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000002/0001049521-23-000002-index.htm
- Executive change
  Michelle M. McCarthy was appointed as interim Chief Financial Officer and Treasurer at MERCURY SYSTEMS INC.
  - Action: appointed
  - Role: interim Chief Financial Officer and Treasurer
  source text: The Company’s Board of Directors has appointed Michelle M. McCarthy as the Company’s interim Chief Financial Officer and Treasurer effective February 17, 2023, in addition to her current duties as the Company’s Senior Vice President, Chief Accounting Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000002/0001049521-23-000002-index.htm

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