Mercury Systems

Mercury Systems, Inc. is a global commercial technology company, which serves the aerospace and defense industry. It offers products through the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly. The Modules and Sub-Assemblies category includes combinations of multiple functional technology elements and components that work together to perform multiple functions but are resident on or within a single board or housing. The Integrated Subsystems category covers multiple modules and sub-assemblies combined with a backplane or similar functional element and software to enable a solution. The company was founded on July 14, 1981, and is headquartered in Andover, MA.

Earnings data Q3 2021

Earnings data Q4 2021

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MRCY reports strong Q3 performance but faces challenges with development delays and higher costs

MRCY's Q3 performance exceeded revenue guidance but faced challenges due to pandemic impacts and development program shifts. Optimism for record bookings and a positive book-to-bill for the year, along with progress in production ramp-up, positions the company for a rebound in fiscal '24. Challenges with delays, technology issues, and higher costs have impacted results for the year.

Mercury Systems reports Q2 growth, eyes margin expansion in Q4

Mercury Systems navigated challenges in Q2, with revenue growth, increased bookings, and a focus on margin expansion and cost-saving initiatives.
Despite program delays impacting EBITDA, the company remains optimistic about returning to organic growth and improving cash flow in Q4 and fiscal '24.
Anticipated improvements in lead times and pricing actions to counter inflation present opportunities for growth and profitability.
Strong backlog coverage, supply chain coordination, and a strategic review for potential options position Mercury Systems for future success.

Mercury Systems reports strong Q3 performance amidst margin challenges

Mercury Systems' Q3 performance showcased strong revenues, record bookings, and challenges in margin degradation from development programs and pandemic impacts.
Despite challenges, the company is making progress with improved yields, leadership changes, and a software fix expected to resolve issues affecting production.
Opportunities lie in margin expansion, growth prospects, and resolving challenges to improve working capital in fiscal '24 and beyond.

Mercury Systems anticipates transition year, focuses on growth and execution

Mercury Systems anticipates a transition year in FY '24 with a focus on improving execution, driving organic growth, and enhancing margins.
Challenges on certain programs impacted financial performance, but the company is confident in resolving them and improving cash flow conversion.
The company's strong strategic positioning and focus on operational efficiency bode well for future growth and margin expansion.
Guidance reflects a conservative view on improvement, with opportunities identified in addressing challenges and capitalizing on future programs.

Mercury Systems reports Q1 challenges, eyes profitability rebound

Mercury Systems faced challenges in Q1 2024 with a focus on completing challenged programs to drive profitability and improve cash flow.
Despite a decrease in revenues and challenges in program costs, the company maintained full-year guidance and anticipates better performance in the second half.
Stability improvements, a focus on material progression, and expectations of improved bookings present opportunities for enhanced profitability and cash flow.

Mercury Systems reports mixed Q2 results, lowers revenue guidance

Mercury Systems' Q2 2024 earnings call highlighted strong bookings and positive cash flow, but revenue and earnings fell short of expectations. The company revised revenue guidance downward, withdrew full-year earnings guidance, and emphasized transitioning programs to production and improving working capital management. Challenges include cost growth, program delays, and potential cash flow risks.

Mercury Systems reports record backlog and challenges in margin expansion

Mercury Systems showed progress in Q3 2024 but faced challenges with margin expansion and common processing architecture.
The company's strengths lie in improved free cash flow, resolving challenge programs, and positive outlook on future pipeline.
Opportunities in targeting the space market, transitioning programs to production, and market attractiveness are key for future growth.

Mercury Systems (MRCY) exceeds expectations in FY '24, eyes growth in FY '25

Mercury Systems (MRCY) reported strong FY '24 results, exceeding revenue and free cash flow expectations. The company aims to address challenges and capitalize on opportunities in FY '25 to drive growth and margin expansion. Focus on predictable performance, organic growth, and free cash flow improvement.

Mercury Systems (MRCY) reports strong Q1 results and eyes margin improvement in FY '25

Mercury Systems delivered robust Q1 2025 results with strong bookings and revenue growth, backed by a record backlog.
While facing challenges like negative free cash flow and supply chain constraints, the company is focused on operational improvements.
Strategic priorities and expectations for improving margins and positive free cash flow signal a promising outlook for FY '25.

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Mercury Systems, Inc. is a technology company, which engages in the delivery of processing technology for aerospace and defense missions. Its processing technologies include signal solutions, display, software applications, networking, storage, and secure processing. It operates through the following geographical segments: US, Asia Pacific, and Europe. The company was founded on July 14, 1981 and is headquartered in Andover, MA.

Mercury's (MRCY) recent contract win for designing and developing video switching technology reflects the company's commitment to enhancing the future mission needs of the aerospace industry.

Mercury (MRCY) Wins $8-Million Video Switching Tech Contract

Los Angeles, California--(Newsfile Corp. - July 29, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or "the Company") (NASDAQ: MRCY) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

ONGOING INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Mercury Systems, Inc. with Losses of $100,000 to Contact the Firm

ANDOVER, Mass., July 28, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it was awarded an $8 million contract from a leading aerospace and defense company to design and develop video switching technology for an intelligence, surveillance and reconnaissance (ISR) application for rotary-wing aircraft. The contract was received on April 1, 2022, has an estimated lifetime value of approximately $25 million, and is expected to be delivered over the next several quarters.

Mercury Systems enables critical intelligence, surveillance, and reconnaissance for rotary-wing aircraft under $8M contract

LOS ANGELES--(BUSINESS WIRE)---- $MRCY #MRCY--The Schall Law Firm Encourages Investors in Mercury Systems, Inc. with Losses of $100,000 to Contact the Firm

ONGOING INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Mercury Systems, Inc. with Losses of $100,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - July 27, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. (NASDAQ: MRCY) ("Mercury" or "the Company") for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in Mercury Systems, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Mercury investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Mercury Systems, Inc. (MRCY) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY) investors concerning the Company's possible violations of federal securities laws. On July 26, 2022, Glasshouse Research published a report alleging that Mercury's organic revenue is “overstated,” that its Physical Optics acquisition has been a “disaster,” and that management has prematurely recognized revenues. On this news, Me

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Mercury Systems, Inc. (MRCY) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On July 26, 2022, Glasshouse Research published a report alleging that Mercury's organic revenue is “overstated,” that its Physical Optics acquisition has been a “disaster

The Law Offices of Frank R. Cruz Announces Investigation of Mercury Systems, Inc. (MRCY) on Behalf of Investors

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Mercury Systems, Inc. with Losses of $100,000 to Contact the Firm

Mercury Systems (MRCY) stock is falling on Tuesday after getting hit with a short report from Glasshouse that labels it a strong sell. The post Mercury Systems (MRCY) Stock Falls on New Short Report appeared first on InvestorPlace.

Mercury Systems (MRCY) Stock Falls on New Short Report

Mercury Systems (MRCY) has secured a contract to provide radar testing and simulation systems for factory testing Leonardo's innovative E-scan radar, which is being developed in the United Kingdom.

Mercury (MRCY) Grabs Radar Testing System Deal From Leonardo UK

ANDOVER, Mass., July 20, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it has been selected by Leonardo UK to provide multiple radar test and simulation systems to factory-test Leonardo's innovative E-scan radar. The Company will also provide additional systems to support, maintain and prepare deployed aircraft for specific mission profiles using Mercury's flexible programming environment. This contract follows a previous one awarded by Leonardo to Mercury in 2019 to design and manufacture the next generation of processing technology for Leonardo's E-Scan radar being developed in the UK.

Mercury to provide radar testing systems to Leonardo

Mercury's (MRCY) new mPOD, an electronic attack training system designed to train the United States and its allies' military pilots for combat, enters the flight testing stage.

Mercury's (MRCY) mPOD Training System in Flight Testing Stage

Mercury Systems has been underperforming, at least its shares. Amidst stagnating operating performance, multiples have come down, from way too high multiples to start with.

Mercury Systems: Not So Defensive

mPod simulates realistic adversary jamming threats to better prepare pilots for combat in contested electromagnetic environments mPod simulates realistic adversary jamming threats to better prepare pilots for combat in contested electromagnetic environments

Mercury's new electronic warfare combat training pod begins flight testing

Mercury Systems' (MRCY) latest contract for its data processing servers underlines the company's sustained focus on developing advanced radar solutions and digital signal processing technologies.

Mercury (MRCY) Gets $56M Defense Contract for Data Servers

ANDOVER, Mass., July 12, 2022 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received a $56 million contract award from a leading defense prime contractor to facilitate the rapid data processing requirements for a defense radar application. The award was received in the Company's fiscal 2022 fourth quarter and is expected to be delivered over the next several quarters.

Mercury Systems wins $56M contract to support compute-intensive processing requirements for radar application

ANDOVER, Mass., July 12, 2022 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, will release its fourth quarter and fiscal year 2022 financial results after the market close on Tuesday, August 2, 2022.

Mercury Systems to report fourth quarter and fiscal year 2022 financial results on August 2, 2022

Mercury's (MRCY) Jannson Data-At-Rest encryptor secures certification from the National Security Agency to protect classified and sensitive data.

Mercury's (MRCY) Jannson Data-At-Rest Gets NSA Certification

Powerful, miniature data-at-rest encryptor weighing less than a pound can be easily integrated into existing avionics systems, safeguarding sensitive data Powerful, miniature data-at-rest encryptor weighing less than a pound can be easily integrated into existing avionics systems, safeguarding sensitive data

Mercury's advanced encryptor receives certification from National Security Agency

Mercury (MRCY) receives a $10-million order to provide an innovative pilot controller interface, underlining its focus on developing advanced radio frequency conversion and digital signal processing technologies.

Mercury (MRCY) Gets $10M Contract for Airborne Radio Solution

ANDOVER, Mass., June 29, 2022 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received a $10 million award to provide an innovative pilot controller interface for a leading prime contractor's airborne radio modernization program. The radio system, built specifically for missions that depend on beyond line-of-sight range, requires the space efficient, affordable and modular communications connection that Mercury's processing solution delivers. The award was received in the Company's fiscal 2022 fourth quarter and is expected to be delivered over the next several years.

Mercury Systems Receives $10M Contract Award for Airborne Radio Modernization Program

Enters into cooperation agreements with Jana Partners and Starboard Value Enters into cooperation agreements with Jana Partners and Starboard Value

Mercury Systems appoints Howard Lance and Bill Ballhaus to Board of Directors

Ball Aerospace is likely to integrate Mercury Systems' (MRCY) RH3440 3U VPX high-density solid-state data recorder into its MethaneSAT's spectrometer for monitoring methane emissions.

Mercury (MRCY) Data Recorder to Monitor Methane Emissions

Company selected by Ball Aerospace for methane emissions monitoring program Company selected by Ball Aerospace for methane emissions monitoring program

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