Mercury Systems, Inc. MRCY is expected to release earnings results for its fourth quarter, after the closing bell on Tuesday, Aug. 13. Analysts expect the Andover, Massachusetts-based company to report quarterly earnings at 2 cent per share, versus a year-ago profit of 11 cents per share. Mercury Systems is projected to report quarterly revenue of $230.69 million, compared to $253.24 million a year earlier, according to data from Benzinga Pro. On June 18, Mercury named Tod Brindlinger as Senior Vice Preside ...

In its upcoming report, Mercury Systems (MRCY) is predicted by Wall Street analysts to post quarterly loss of $0.07 per share, reflecting a decline of 163.6% compared to the same period last year. Revenues are forecasted to be $223.2 million, representing a year-over-year decrease of 11.9%. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ov ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Mercury Systems (MRCY) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 13, 2024, might help the stock move higher if these key numbers are better than ex ...

Core Insights - Mercury Systems Inc. will release its fourth quarter and full fiscal year 2024 financial results on August 13, 2024, after market close [1] - A conference call and webcast will be held on the same day at 5:00 p.m. ET to discuss the financial results and business outlook [2] - The company specializes in delivering mission-critical processing power for aerospace and defense applications, with products deployed in over 300 programs across 35 countries [4] Financial Results Announcement - The financial results will be available after market close on August 13, 2024 [1] - A replay of the webcast will be accessible two hours post-call and archived for six months [3] Conference Call Details - Participants must register online at least 15 minutes before the call [3] - The call will cover quarterly financial results, business highlights, and future outlook [2] Company Overview - Mercury Systems focuses on advanced technologies for aerospace and defense missions, providing innovative processing capabilities [4] - The company is headquartered in Andover, Massachusetts, and operates 24 locations globally [4]

Core Viewpoint - Mercury Systems (MRCY) has secured significant contracts with the U.S. Navy and other defense partners, which are expected to enhance its growth prospects despite facing competitive pressures in the defense sector [1][3][6]. Group 1: Recent Agreements and Partnerships - Mercury signed a $13.2 million agreement with the U.S. Navy to advance sensor processing technologies, aiming to reduce the time required for radar and electronic warfare capabilities [1]. - The company will develop a next-generation RF System-in-Package (SiP) that integrates advanced commercial chips, enhancing its existing RFS1140 SiP solution [2]. - A production agreement with BlueHalo will support the U.S. Space Force's Satellite Communication Augmentation Resource program, providing an FPGA-based solution for BlueHalo's BADGER system [3]. - Mercury secured a $31 million contract from L3Harris Technologies to supply solid slate data recorders for the U.S. Space Development Agency's Tranche 2 Tracking Layer satellite constellation [4]. - Earlier collaborations with Lockheed Martin focus on advancing defense and manufacturing technologies in Switzerland, particularly related to the F-35 Lightning II acquisition [11]. Group 2: Financial Performance and Market Position - In Q3 of fiscal 2024, operating expenses as a percentage of revenues increased by 790 basis points to 41.4% from 33.5% year-over-year [7]. - The consensus estimate for MRCY's fourth-quarter fiscal 2024 loss per share is projected at 5 cents, widening by 1 cent over the past 60 days, with a fiscal 2024 loss estimate of 97 cents per share, widening by 6 cents [7]. - Year-to-date, MRCY shares have declined by 18.4%, underperforming the Zacks Computer and Technology sector's growth of 29.4% and competitors like Kratos Defense & Security Solutions and Lockheed Martin [12]. Group 3: Industry Challenges - The defense sector is characterized by increasing competition from companies such as Kratos Defense & Security Solutions, Lockheed Martin, and Elbit Systems, which poses challenges for Mercury [5][6]. - The complexity of software and systems has been extending timelines for military platform development, prompting initiatives like the Office of Naval Research's Open Rapid Chipletized Approach program to enhance modularity and reduce design time [8].

ANDOVER, Mass., July 10, 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 an agreement with the U.S. Navy to advance sensor processing technologies that will allow radar and electronic warfare (EW) capabilities to be designed on much shorter timelines. Mercury Systems – Innovation that matters® "ORCA represents a significant evolution of the Mercury Processing Platform that will driv ...

"ORCA represents a significant evolution of the Mercury Processing Platform that will drive down radar and EW system development timelines, allowing next-generation capabilities to be fielded much faster," said Tony Trinh, Mercury's Senior Director of Advanced Packaging. "The ORCA approach opens up incredible opportunities to integrate mission-specific pre-processing chiplets to rapidly upgrade systems on a wide variety of existing platforms and stay ahead of evolving threats." Forward-Looking Safe Harbor S ...

Core Insights - Mercury Systems has appointed Tod Brindlinger as Senior Vice President of Operations, effective June 10, 2024, to enhance operational performance and drive growth [5][6] - The company has completed the second phase of its organizational restructuring aimed at improving performance and accelerating growth by consolidating operations [5][7] - The restructuring has identified cost reductions and efficiencies of approximately $15 million, with plans to reinvest a portion back into the business [7] Company Strategy - The strategic reorganization aims to streamline operations by consolidating two divisions into a single integrated structure, enhancing alignment across business functions [1][2] - The U.S.-based businesses have been realigned into two product-oriented units: Signal Technologies and Processing Technologies, along with a unit for Integrated Processing Solutions [1] - The company is focused on driving integration to unlock functional efficiencies and growth potential from acquired businesses [2] Leadership and Management - Roger Wells, the Chief Operating Officer, emphasizes the importance of eliminating silos and improving the quality and timeliness of products delivered to customers [1] - Bill Ballhaus, Chairman and CEO, highlights the progress made in optimizing the company’s structure to innovate and advance its processing platform [2] Operational Focus - Brindlinger will oversee global manufacturing, facilities, and supply chain, bringing over 30 years of leadership experience in various operational roles [6] - The restructuring is expected to support improved profitability and operating leverage for the company's fiscal year 2025 [7] Market Position - Mercury Systems delivers mission-critical processing power to the edge, serving aerospace and defense missions with advanced technologies [8] - The company’s products and solutions are deployed in over 300 programs across 35 countries, indicating a broad market presence [8]

"I am exceptionally pleased for Tod Brindlinger to join the Mercury Leadership Team, rounding out a series of significant changes to further integrate and align our business," said Roger Wells. "His leadership will be instrumental in our ongoing efforts to eliminate silos in our critical functions, improve the quality and timeliness of the mission-critical products and solutions we deliver to our customers, and drive operational performance that will contribute meaningfully to our financial results." ANDOVE ...

"Mercury's MOSA-aligned safety-critical mission computers based on SOSA and FACE open standards enable seamless integration of newer, more advanced technology across all aircraft," said Roya Montakhab, Senior Vice President and General Manager of Integrated Processing Solutions at Mercury. "The Green Hills FACEcertified INTEGRITY-178 tuMP RTOS is a critical component for our DAL A architecture and provides a lowrisk path to multicore certification, which supports multiple applications through a converged ar ...