{"schema_version":"secwatch.filing_event.v1","accession":"0001049521-23-000007","form_type":"8-K","ticker":"MRCY","cik":"0001049521","company_name":"MERCURY SYSTEMS INC","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.768318+00:00","generated_at":"2026-06-16T02:32:23.745597+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Mercury Systems Q3 revenue up 4% but adjusted EPS drops; cuts full-year guidance by $34-44M","bullets":["Revenue $263.5M (+4% YoY); GAAP net income $5.2M ($0.09 EPS) vs $4.1M ($0.07) prior year.","Adjusted EPS $0.40, down from $0.57; adjusted EBITDA $43.5M vs $52.5M YoY.","Full-year FY2023 guidance lowered: GAAP net income reduced $34M, adjusted EBITDA reduced $44M at midpoint.","Backlog $1.10B (+$103.2M YoY); bookings $245M with book-to-bill ratio of 0.93.","Free cash flow negative $12.7M; management cites shift to development programs and supply chain headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001049521-23-000007","json":"https://secwatch.observer/filing/0001049521-23-000007.json","markdown":"https://secwatch.observer/filing/0001049521-23-000007.md","text":"https://secwatch.observer/filing/0001049521-23-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1049521/000104952123000007/0001049521-23-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1049521/000104952123000007/mrcy-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T02:32:23.745597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"31e730c27435b56741e84866018ad3d8c378fdb9","claim":"MERCURY SYSTEMS INC updated its fiscal year 2023 guidance (lowered).","evidence_excerpt":"We’re lowering the range for GAAP net income and adjusted EBITDA by $34 million and $44 million at the midpoint.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1049521/000104952123000007/0001049521-23-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"4ecb13cafa311e6f61ab8238c4424f9edd007389","claim":"MERCURY SYSTEMS INC reported third quarter of fiscal 2023 ended March 31, 2023 results: revenue $263.5 million, net income $5.2 million, EPS $0.09 per share.","evidence_excerpt":"Total Company third quarter fiscal 2023 revenues were $263.5 million, compared to $253.1 million in the third quarter of fiscal 2022. Total Company G AAP net income for the third quarter of fiscal 2023 was $5.2 million, or $0.09 per share, compared to $4.1 million, or $0.07 per share, for the third quarter of fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1049521/000104952123000007/0001049521-23-000007-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal 2023 ended March 31, 2023"},{"label":"Revenue","value":"$263.5 million"},{"label":"Net income","value":"$5.2 million"},{"label":"EPS","value":"$0.09 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}