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Mercury Systems Announces Board of Directors Update
GlobeNewswire· 2025-01-06 21:15
Roger Krone, former Chairman and CEO of Leidos, departs Board to focus on Boy Scouts of America Jean Bua, CFO of NetScout Systems, appointed to Board ANDOVER, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, announced the departure of Roger Krone from its Board of Directors and the appointment of new Independent Director Jean Bua. Since joining Mercury’s Board of Directors, Mr. Krone ...
Mercury Wins New Development Program That Leverages Its Common Processing Architecture
GlobeNewswire· 2024-12-23 21:15
ANDOVER, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a two-year, $17 million development contract from a U.S. defense prime contractor for a program that leverages its Common Processing Architecture. For this follow-on program, Mercury will replace and upgrade the existing processing capabilities provided by another firm with the enhanced performan ...
Mercury Introduces Digital Signal Processing Products Powered by Altera's Newest Agilex™ 9 FPGAs
GlobeNewswire News Room· 2024-12-11 17:24
ANDOVER, Mass., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today introduced a system-on-module (SOM) and 3U SOSA-aligned OpenVPX board powered by Altera’s™ most advanced Agilex 9 Direct RF FPGA chips. The DRF2270 SOM and DRF5270 3U board are the latest additions to Mercury’s portfolio of Direct RF digital signal processing products that use Altera FPGAs to detect and process informati ...
Mercury Systems Stock: Still A Hold After 25% Post-Earnings Surge
Seeking Alpha· 2024-11-11 16:52
If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Mercury Systems (NASDAQ: MRCY ) reported its Q1 FY25 earnings on the 5th of November, beating analyst estimates on revenues and EPS. The financial results seem to have appealed to investors, as the stock gained nearly 25% since then. In August, IDh ...
Mercury Systems' Q1 Earnings & Revenues Beat Estimates, Rise Y/Y
ZACKS· 2024-11-06 18:56
Mercury Systems (MRCY) reported first-quarter fiscal 2025 results, wherein both top and bottom lines beat the Zacks Consensus Estimate.The aerospace and defense tech firm reported non-GAAP earnings of 4 cents per share against the Zacks Consensus Estimate of a loss of 13 cents. The bottom line surged 116.7% year over year.Mercury Systems’ non-GAAP revenues increased 13% year over year to $204.4 million. The top line beat the consensus mark by 12.9%. MRCY’s earnings beat the Zacks Consensus Estimate once in ...
Mercury Systems(MRCY) - 2025 Q1 - Earnings Call Transcript
2024-11-06 04:00
Mercury Systems, Inc. (NASDAQ:MRCY) Q1 2025 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Dave Farnsworth - Executive Vice President and Chief Financial Officer Bill Ballhaus - Chairman and Chief Executive Officer Conference Call Participants Pete Skibitski - Alembic Global Peter Arment - Baird Seth Seifman - JPMorgan Michael Ciarmoli - Truist Securities Conor Walters - Jefferies Ronald Epstein - Bank of America Operator Good day, everyone, and welcome to the Mercury Systems Firs ...
Mercury Systems (MRCY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-11-06 01:01
Mercury Systems (MRCY) reported $204.43 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 13%. EPS of $0.04 for the same period compares to -$0.24 a year ago.The reported revenue represents a surprise of +12.90% over the Zacks Consensus Estimate of $181.08 million. With the consensus EPS estimate being -$0.13, the EPS surprise was +130.77%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...
Mercury Systems (MRCY) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2024-11-05 23:21
Mercury Systems (MRCY) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 130.77%. A quarter ago, it was expected that this maker of processing systems and software would post a loss of $0.07 per share when it actually produced earnings of $0.23, delivering a surprise of 428.57%.Ov ...
Mercury Systems(MRCY) - 2025 Q1 - Quarterly Report
2024-11-05 22:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________________ FORM 10-Q ________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER: 001-4119 ...
Mercury Systems(MRCY) - 2025 Q1 - Quarterly Results
2024-11-05 21:02
Exhibit 99.1 Innovation That Matters® mercury FOR IMMEDIATE RELEASE Mercury Systems Reports First Quarter Fiscal 2025 Results • Q1 FY25 Bookings of $247.7 million; book-to-bill ratio of 1.21 • Q1 FY25 Revenue of $204.4 million; GAAP net loss of $17.5 million; and adjusted EBITDA of $21.5 million • Record backlog of $1.3 billion; up 16% year-over-year ANDOVER, Mass. November 5, 2024 Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the first quarter of fiscal year 2025, ended ...