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

Mercury Systems Q1 revenue rises 13% to $204.4 million; net loss narrows

Positive Impact 3 of 5 earnings Written later

Mercury Systems reported first quarter fiscal 2025 results for the period ended September 27, 2024, with revenue of $204.4 million, up from $181.0 million a year earlier. GAAP net loss narrowed to $17.5 million, or $0.30 per share, from $36.7 million, or $0.64 per share, and adjusted EPS was $0.04 compared with $(0.24) a year earlier. The filing does not include new guidance.

Key points

  • Revenue of $204.4 million, up from $181.0 million in the prior-year quarter
  • Bookings of $247.7 million, a book-to-bill ratio of 1.21; total backlog of $1.34 billion, up $187.8 million year-over-year
  • GAAP net loss of $17.5 million ($0.30 per share) vs. $36.7 million ($0.64 per share); adjusted EBITDA of $21.5 million vs. $2.0 million
  • Free cash flow was $(20.9) million vs. $(47.1) million in the prior-year quarter

The filing

CompanyMercury Systems (MRCY)
Form8-K, current report
Filed with the SECNov 5, 2024, 4:02 PM ET
Accession number0001049521-24-000042

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 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 November 05, 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.