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AI brief of an SEC Form 8-K · Mercury Systems (MRCY)

Mercury Systems Q4 revenue falls to $248.6 million; credit facility amended

Mixed Impact 4 of 5 earnings Written later

Mercury Systems reported fourth-quarter and fiscal 2024 results with revenue down and a larger GAAP net loss than a year earlier, though fourth-quarter adjusted EBITDA rose. The company also amended its credit agreement, cutting total commitments from $1.1 billion to $900.0 million, with $591.5 million outstanding both before and after the change.

Key points

  • Q4 fiscal 2024 revenue was $248.6 million versus $253.2 million a year earlier; GAAP net loss was $10.8 million ($0.19 per share) versus $8.2 million ($0.15 per share).
  • Fiscal 2024 revenue was $835.3 million versus $973.9 million; GAAP net loss was $137.6 million ($2.38 per share) versus $28.3 million ($0.50 per share).
  • Q4 adjusted EBITDA was $31.2 million versus $21.9 million; full-year adjusted EBITDA was $9.4 million versus $132.3 million.
  • Amendment No. 6, dated August 13, 2024, lowers the revolver cap to $750.0 million until a $75.0 million minimum consolidated EBITDA test is met, raises permitted receivables factoring to $100.0 million from $60.0 million, and sets maturity

The filing

CompanyMercury Systems (MRCY)
Form8-K, current report
Filed with the SECAug 13, 2024, 4:01 PM ET
Accession number0001049521-24-000027

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.