secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001049521-24-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952124000015/0001049521-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952124000015/mrcy-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001049521-24-000015

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