---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-24-000015"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T15:42:15.864196+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Mercury Systems Q3 FY24 revenue $208.3M, GAAP net loss $44.6M

## Summary
- Revenue $208.3M, down 21% YoY from $263.5M; GAAP net loss $(44.6)M ($0.77 loss per share) vs net income $5.2M.
- Adjusted EPS $(0.26); adjusted EBITDA $(2.4)M, down from $43.5M in Q3 FY23.
- Bookings $219.9M, book-to-bill 1.06; backlog $1.29B, up 17% YoY.
- Free cash flow $(25.7)M; cash from operations $(17.8)M.
- CEO cites transitory impacts in one portfolio subset but expects clearer path to growth in FY25.

## SEC filing metadata
- accession: 0001049521-24-000015
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000015/0001049521-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000015/mrcy-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-24-000015
- JSON: https://secwatch.observer/filing/0001049521-24-000015.json
- Plain text: https://secwatch.observer/filing/0001049521-24-000015.txt

## Key facts
- Earnings Releases
  MERCURY SYSTEMS INC reported the third quarter ended March 29, 2024 results: revenue $208.3 million, net income ($44.6) million, EPS ($0.77).
  - Period: the third quarter ended March 29, 2024
  - Revenue: $208.3 million
  - Net income: ($44.6) million
  - EPS: ($0.77)
  - Result: reported results
  source text: Mercury Systems Reports Third Quarter Fiscal 2024 Results • Q3 FY24 Bookings of $219.9 million; book-to-bill ratio of 1.06 • Q3 FY24 Revenue of $208.3 million; GAAP net loss and adjusted EBITDA ($44.6) million and ($2.4) million, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000015/0001049521-24-000015-index.htm

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