secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001049521-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952124000006/0001049521-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952124000006/mrcy-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001049521-24-000006

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