Mercury Q2 FY2024 revenue $197.5M, GAAP net loss $45.6M, bookings near-record $325.4M

MERCURY SYSTEMS INC

2024-Q2 EPS reported -$1.44 revenue$378,454,000

Revenue $197.5M vs $229.6M YoY; GAAP net loss ($45.6M) vs ($10.9M); GAAP EPS ($0.79) vs ($0.19).
Adjusted EPS ($0.42) vs $0.26 YoY; adjusted EBITDA ($21.3M) vs $35.7M.
Bookings $325.4M, book-to-bill 1.65; backlog $1.28B up $160.5M YoY.
Operating cash flow $45.5M; free cash flow $37.5M vs $22.2M prior year.
Consolidated operations into single unit, expects $20M annual run-rate savings.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MERCURY SYSTEMS INC reported the second quarter ended December 29, 2023 results: revenue $197.5 million, net income ($45.6) million, EPS ($0.79).

Period: the second quarter ended December 29, 2023
Revenue: $197.5 million
Net income: ($45.6) million
EPS: ($0.79)
Result: reported results

Exact text from the filing

--- FOR IMMEDIATE RELEASE Mercury Systems Reports Second Quarter Fiscal 2024 Results • Q2 FY24 Bookings of $325.4 million; book-to-bill ratio of 1.65 • Q2 FY24 Revenue of $197.5 million; GAAP net loss and adjusted EBITDA ($45.6) million and ($21.3) million, respectively • Q2 FY24 Cash flow from operations of $45.5 million, free cash flow $37.5 million ANDOVER,

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Source: SEC EDGAR

accession 0001049521-24-000006

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