secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001049521-23-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952123000002/0001049521-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952123000002/mrcy-20230131.htm
  HTML page:      https://secwatch.observer/filing/0001049521-23-000002

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