Highest-materiality recent filing
Mercury Systems Q4 revenue $290M (+6.1%), record bookings $660M, backlog $1.9B
Q4 revenue $290M (+6.1% YoY); GAAP EPS $0.01 vs $0.27; adjusted EPS $0.37 vs $0.47.
Mercury Systems Q3 FY26: Record bookings $348M, revenue up 11.5% YoY, adjusted EBITDA up 46.2%
Record Q3 bookings of $348M, up 73.7% YoY; book-to-bill 1.48; backlog $1.6B, up 17.9% YoY.
Mercury Systems Q2 FY26 revenue $233M, net loss narrows to $15M, adjusted EBITDA up 36%
GAAP net loss of $15M ($0.26 loss per share) vs loss of $18M ($0.30) a year ago; loss narrowed.
Mercury Systems Q1 revenue up 10% to $225M; record backlog $1.4B; board authorizes $200M buyback
Revenue $225.2M (+10.2% YoY); GAAP net loss $12.5M ($0.21/sh) improves from $17.5M loss.
Mercury Q4 FY25: record bookings $341.5M, revenue $273.1M (+9.9% YoY), GAAP net income $16.4M
Q4 FY25 revenue $273.1M (+9.9% YoY); GAAP net income $16.4M vs loss $10.8M a year ago.
Mercury Systems Q3 FY2025 revenue $211.4M, adjusted EBITDA $24.7M, net loss narrows to $19.2M
Revenue $211.4M (+1.5% YoY); GAAP net loss $19.2M ($0.33/sh) improved from $44.6M loss a year ago.
Mercury Systems COO Charles Wells departs; CFO Farnsworth gets expanded role and $1M RSU
COO Charles R. Wells IV departing for CEO role at private company; effective immediately.
Q2 FY2025 revenue $223.1M (+13% YoY); GAAP net loss $17.6M ($0.30 loss per share), improved from $45.6M loss ($0.79) YoY.
Mercury Systems Q1 FY2025 revenue $204.4M (+13% YoY); net loss narrows to $17.5M
Revenue $204.4M (+13% YoY); GAAP net loss $17.5M ($0.30 loss per share) vs loss $36.7M ($0.64) a year ago.
Mercury Systems entered Amendment No. 6 to its credit agreement, permanently reducing commitments from $1.1B to $900M.
Mercury Systems cuts ~100 jobs in restructuring phase, appoints SVP of Operations
Workforce reduction of about 100 positions; expects $5M restructuring charges in fiscal Q4 ending June 28, 2024.
Mercury Systems Q3 FY24 revenue $208.3M, GAAP net loss $44.6M
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.
Mercury Q2 FY2024 revenue $197.5M, GAAP net loss $45.6M, bookings near-record $325.4M
Revenue $197.5M vs $229.6M YoY; GAAP net loss ($45.6M) vs ($10.9M); GAAP EPS ($0.79) vs ($0.19).
Mercury Systems cuts ~100 jobs, expects $10-12M restructuring charge; names Roger Wells COO
Workforce reduction of ~100 positions with expected restructuring charges of $10-12M in fiscal Q3 ending March 29, 2024.
Mercury Systems Q1 revenue $181M (-20% YoY), GAAP loss $0.64; reaffirms FY24 outlook
Revenue of $181.0M, down from $227.6M YoY; GAAP net loss $36.7M ($0.64 loss per share) vs $14.3M loss prior.
Mercury Systems appoints Bill Ballhaus permanent CEO; Q4 net loss $8.2M, cuts 150 jobs
Bill Ballhaus appointed President and CEO effective Aug 15, 2023; previously interim CEO since June 24.
Mercury Systems appoints JANA's Scott Ostfeld to Board; Ballhaus becomes Chairman
Appointed Scott Ostfeld (Managing Partner at JANA Partners, ~8% holder) as Class II director; JANA agreed to vote for Company nominees.
Mercury Systems names David Farnsworth CFO; adds former Leidos CEO Roger Krone to board
David Farnsworth named EVP, CFO, Treasurer effective July 17; base salary $450k, target bonus 110%, LTI $1.5M, $200k sign-on, $3M new-hire equity.
Mercury Systems ends sale process, appoints Bill Ballhaus interim CEO after Mark Aslett resigns
Board concluded strategic alternatives review; no sale option reflected intrinsic value, will focus on enhanced execution under refreshed leadership.
Mercury Systems Q3 revenue up 4% but adjusted EPS drops; cuts full-year guidance by $34-44M
Revenue $263.5M (+4% YoY); GAAP net income $5.2M ($0.09 EPS) vs $4.1M ($0.07) prior year.
Mercury Systems Q2 rev $229.6M (+4%), GAAP loss $10.9M; CFO departs, strategic review launched
Revenue $229.6M (+4% YoY); GAAP net loss $10.9M ($0.19 loss per share); adjusted EPS $0.26 vs $0.39 prior year.
Mercury Systems Q1 bookings up 34% to $266.9M, backlog record $1.08B; GAAP loss widens
Bookings $266.9M (+34% YoY), book-to-bill 1.17; backlog $1.08B (+22% YoY).
Say-on-pay rejected at Mercury Systems annual meeting; O'Brien named Chairman
Shareholders voted against advisory executive compensation resolution: 39.4M against vs 9.7M for (80% opposed).
Mercury Systems Q4 revenue $290M (+16% YoY), record bookings $332M
GAAP net income $16.9M ($0.30 EPS) vs $17.9M ($0.32 EPS) year ago; adjusted EPS $0.81 vs $0.73.
Mercury Systems appoints two directors, enters cooperation with JANA and Starboard
Howard Lance (ex-Maxar CEO) and Bill Ballhaus (ex-Blackboard CEO) appointed to board, effective immediately.
Mercury Systems Q3 FY2022: Record bookings $295M, but GAAP EPS drops to $0.07 from $0.28 YoY
Record bookings of $295M (+41% YoY); book-to-bill 1.17; backlog hits record $996M.
Mercury Systems upsizes revolver to $1.1B, extends maturity to 2027
Revolving credit facility increased from $750M to $1.1B; maturity February 28, 2027.
Mercury Systems implements early, larger equity retention plan for execs and 100+ leaders
CEO Aslett gets $6.3M performance stock + $6.3M restricted stock on Feb 15, 2022; CFO and GC each get $1.93M and $800k respectively.
Mercury Systems Q2 FY2022: GAAP loss of $0.05/sh, adj EPS $0.39, revenue up 5%
Revenue $220.4M (+5% YoY); GAAP net loss $(2.6)M vs. profit of $12.7M a year ago.
Mercury Systems adopts one-year shareholder rights plan with 7.5% trigger
Board unanimously adopted Rights Plan to protect shareholder value amid perceived undervaluation of shares.
Mercury Systems acquires Atlanta Micro for $90M all-cash; expected to be immediately accretive
Acquired Atlanta Micro for $90M all-cash, funded via existing revolving credit facility.
Mercury Systems Q1 FY22 revenue up 9% to $225M; GAAP net loss; announces Avalex acquisition
Revenue $225M (+9% YoY); GAAP net loss $7.1M (-$0.13/share) vs net income $15.8M ($0.29) a year ago.
Mercury Systems to acquire Avalex Technologies for $155M in cash
Avalex provides mission-critical avionics: rugged displays, communications mgmt, digital video recorders, warning systems.
Mercury Q4 revenue $250.8M (+15%); GAAP EPS $0.32; launches 1MPACT savings plan
Q4 revenue $250.8M (+15%), GAAP net income $17.9M ($0.32) vs $27.2M ($0.49) prior year.
On March 28, 2025, Charles R. Wells, IV, the Company’s Executive Vice President and Chief Operating Officer, informed the Company that he will be departing for a chief executive officer role at a privately held company.
the appointment of Jean Bua, the Chief Financial Officer of NetScout Systems, a publicly traded network performance and security solutions company, to the Board.
announced the departure of Roger A. Krone from the Board
On February 7, 2024, Michelle M. McCarthy, the Company’s Senior Vice President and Chief Accounting Officer informed the Company that she has accepted another role outside the Company.
On February 8, 2024, Mercury Systems, Inc. (the “Company”) announced that Douglas Munro has been appointed as the Company’s Vice President and Chief Accounting Officer effective as of February 12, 2024.
we have named Charles R. Wells, IV as Executive Vice President, Chief Operating Officer, effective January 22, 2024
On January 12, 2024, we notified Christine F. Harbison, our Executive Vice President, Chief Growth Officer, and a named executive officer, that she will depart the Company after a short transition period.
On November 10, 2023, James M. Stevison, the Company’s Executive Vice President and President of the Company’s Mission Systems division, informed the Company that he will be departing on December 1, 2023.
On August 15, 2023, the Company announced that William L. Ballhaus has been appointed as the Company’s President and Chief Executive Officer.
Mr. Ballhaus will become the Company’s Chairman of the Board effective with the 2023 annual meeting of shareholders.
With this consolidation, Thomas Huber, the Company’s Executive Vice President, Chief Transformation Officer, will leave the Company.
the Board appointed Barry R. Nearhos as lead independent director of the Board as of the Effective Time
Max materiality 0.90 · Median 0.70 · Most common event earnings