ANDOVER, Mass., July 08, 2025 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing to the edge, today announced it received two new production awards in June totaling $36.9 million for ground-based radar programs that leverage its Common Processing Architecture and cybersecurity software from recently acquired Star Lab. “We continue to see strong demand for secure, high-performance processing solutions at the edge,” said Tom S ...

Core Viewpoint - CISO Global has renewed its S-3 shelf registration, reducing the total shelf from $300 million to $100 million, and significantly decreasing the At-The-Market (ATM) offering from $100 million to approximately $10 million, while reaffirming its commitment to transparency and compliance with Nasdaq requirements [1][2][3] Group 1: Shelf Registration and Compliance - The renewal of the S-3 shelf registration is a strategic move to maintain compliance with Nasdaq guidelines, following a previous period when CISO Global temporarily fell below required stockholders' equity levels [2] - The reduction in the shelf registration and ATM offering is aimed at significantly lowering associated filing fees and costs, aligning with the company's financial governance strategy [2][3] Group 2: Company Strategy and Financial Management - The company has no immediate plans to utilize the ATM facility, focusing instead on the strategic growth of its software and services business while responsibly managing financial resources [3] - CISO Global emphasizes that the shelf registration serves as a contingency measure, reflecting its commitment to strong financial governance and strategic planning [3] Group 3: Company Overview - CISO Global, headquartered in Scottsdale, Arizona, is recognized as a leader in AI-powered cybersecurity software and compliance services, providing comprehensive solutions to protect organizations from cyber threats [4] - The company aims to meet compliance obligations for demanding businesses and government organizations, ensuring robust cybersecurity measures are in place [4]

Core Viewpoint - Investing in artificial intelligence (AI) remains a leading theme in the market, with significant upside potential for both facilitators and deployers of AI technology [1] Facilitators - Facilitators are companies that produce the hardware necessary for AI development, with Nvidia being the most prominent player due to its widely used graphics processing units (GPUs) [4] - Advanced Micro Devices (AMD) is a competitor in the GPU space, showing strong growth despite not having the same market dominance as Nvidia [4] - Broadcom is developing custom AI accelerators known as XPUs, which are designed for specific workloads and can outperform GPUs in certain tasks [5] - Taiwan Semiconductor Manufacturing Company (TSMC) is the leading contract chipmaker for AI chips, projecting a 45% compound annual growth rate in AI-related revenue over the next five years [6] - ASML Holding, the sole manufacturer of extreme ultraviolet (EUV) lithography machines, is expected to benefit from increased chip demand as AI technology grows [7] - The facilitators are currently experiencing significant financial benefits from AI investments, outperforming deployers in terms of immediate results [8] Deployers - Deployers are companies that are integrating AI into their products, with major players including Alphabet, Amazon, and Meta Platforms, all investing billions to enhance their AI capabilities [9] - Alphabet and Amazon also operate large cloud computing businesses, providing essential computing resources for AI development [10] - Although these deployers are heavily investing in AI, they are only beginning to see incremental improvements in their financials, with potential for significant growth as AI enhances workforce efficiency [11] - Other notable companies integrating AI into their products include SentinelOne, which offers AI-driven cybersecurity solutions, and Adobe, which has embraced generative AI trends [12] - Adobe has continued to grow earnings despite concerns about disruption from generative AI, while SentinelOne reported a 23% revenue increase in the first quarter, highlighting its strong performance in cybersecurity [13] - The deployers are expected to experience substantial growth in the coming years as their AI investments mature [14]

Shares of UnitedHealth Group have sold off considerably this year, as bad news surrounding the company continues to pile up.UnitedHealth Group (UNH 0.39%) has been one of the more interesting case studies in the stock market this year. Many stocks that have witnessed plummeting share prices can point to President Donald Trump's new tariff policies as the culprit. UnitedHealth's 40% decline can be traced to a number of different hiccups, but perhaps ironically, tariff rhetoric hasn't made a direct impact on ...

Cybersecurity giant CrowdStrike said on Wednesday that it would lay off 5% of its global workforce, which amounts to about 500 workers. In an 8-K filing, CrowdStrike said the layoffs were part of a "a strategic plan (the 'Plan') to evolve its operations to yield greater efficiencies as the Company continues to scale its business with focus and discipline to meet its goal of $10 billion in ending [Annual Recurring Revenue]." The company also said it was planning to "to hire in key strategic areas throughout ...

Mercury Systems (MRCY) Q3 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Tyler Hojo - VP - Investor RelationsWilliam Ballhaus - Chairman & CEODavid Farnsworth - Executive VP & CFOMichael Ciarmoli - Managing Director - Aerospace & Defense Equity ResearchPete Skibitski - Director - Aerospace & Defense Equity ResearchKen Herbert - Managing DirectorConor Walters - US Aerospace & Defense and Airlines Equity Research AssociateGarrett Burkam - Equity Research Associate Conference Call Participant ...

Financial Data and Key Metrics Changes - Bookings for Q3 were $200 million with a trailing twelve-month book-to-bill ratio of 1.1, while revenue was $211 million, reflecting a year-to-date revenue growth of 8.9% [7][20] - Adjusted EBITDA for Q3 was $25 million, with an adjusted EBITDA margin of 11.7%, both significantly up year-over-year [7][20] - Free cash flow for Q3 was $24 million, an increase of $50 million year-over-year, resulting in $146 million of free cash flow over the last four quarters [7][20] Business Line Data and Key Metrics Changes - The company recognized approximately $3.7 million of net EAC change impacts in Q3, the lowest level in several quarters, indicating improved program management capabilities [8][9] - Q3 bookings included significant contract awards, such as $40 million in production contracts for the common processing architecture and a $20 million follow-on production order for the F-35 program [10][11] Market Data and Key Metrics Changes - The backlog increased by 4% year-over-year to $1.34 billion, driven by strong bookings primarily in production contracts [10][20] - The company reported that over 80% of trailing twelve-month bookings were production in nature, indicating a shift towards production-focused contracts [12] Company Strategy and Development Direction - The company is focused on four priorities: delivering predictable performance, driving organic growth, expanding margins, and improving free cash flow [6][8] - The acquisition of Starlab, a cybersecurity software provider, is expected to enhance the company's competitive position and differentiation in the market [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's strategic positioning and the ability to deliver predictable organic growth with expanding margins and robust free cash flow [5][16] - For FY 2025, the company expects annual revenue growth approaching mid-single digits, with adjusted EBITDA margins in the low double digits [16][17] Other Important Information - The company ended Q3 with $270 million in cash, driven by improved cash flow from operations [23] - Net working capital decreased by approximately $148 million year-over-year, demonstrating progress in reversing a multi-year trend of growth in working capital [25] Q&A Session Summary Question: Update on LTAMDS program - Management noted that LTAMDS has achieved significant milestones and is moving into initial production, indicating strong growth prospects [29] Question: Increase in deferred revenues - Management explained that the increase in deferred revenues is linked to achieving milestones with customers, which allows for solid payment terms [30][31] Question: Optimal net working capital level - Management indicated a target of 30% to 40% for net working capital as a percentage of revenues, with current levels at around 51% [36][38] Question: Impact of low margin backlog - Management stated that the low margin backlog will gradually improve as new bookings are added, but it will take several quarters to fully transition [39][92] Question: Revenue split between development and production - Management did not provide specific revenue splits but indicated that revenue trends will follow the bookings mix, which is increasingly production-focused [52] Question: Competitive landscape and growth opportunities - Management expressed confidence in the company's position to outgrow the industry, supported by a strong book-to-bill ratio and recent contract wins [66][68] Question: Tariffs impact on supply chain - Management reported no material impact from tariffs in FY 2025 and indicated that sourcing remains stable [110][111]

Core Viewpoint - Mercury Systems, Inc. has completed the acquisition of Star Lab, enhancing its secure processing capabilities for aerospace and defense applications [1][2]. Group 1: Acquisition Details - The acquisition of Star Lab, a subsidiary of Wind River Systems, focuses on anti-tamper and cybersecurity software solutions that protect mission-critical processors from advanced attacks [2]. - Mercury has collaborated with Star Lab for over a decade, utilizing its technology in various products to safeguard confidential data from adversarial threats [2][3]. - Star Lab's software integrates seamlessly with many Mercury products, enhancing cybersecurity protection across a wide range of solutions [3]. Group 2: Strategic Importance - The acquisition will allow Mercury to expand its portfolio of fully integrated security solutions, addressing the increasing need for holistic security in government missions [4]. - Mercury is recognized as a leader in secure processing technologies, with expertise in advanced cryptography and physical protection technologies [4]. Group 3: Company Overview - Mercury Systems delivers mission-critical processing power to the edge, supporting advanced technologies for aerospace and defense missions [5]. - The company operates in over 300 programs across 35 countries, providing solutions in mission computing, sensor processing, command and control, and communications [5].

Palantir (PLTR 2.15%) is one of the most valuable companies in the world, with a market cap of around $250 billion. That places it within the top 50 largest companies, but some (including myself) question whether this is a legitimate valuation.While Palantir had great success and is a strong company, a few items cause me to question this valuation, which could lead to some other stocks being worth far more than Palantir just three years from now.Is Palantir overvalued?Palantir is a fantastic company. Its AI ...

Core Viewpoint - CISO Global, Inc. has achieved a significant financial milestone by fully satisfying its convertible notes, enhancing its balance sheet and reinforcing investor confidence through the announcement of unaudited Adjusted EBITDA profitability [1][2][3] Financial Developments - The company has fully satisfied convertible notes held by Target Capital 14, LLC and Secure Net Capital, LLC, marking a major financial achievement [1] - CISO Global has $7 million in convertible notes that have been extended on existing terms, held by a Company Advisory Board member and Hensley Beverage Company [2] - The company is now profitable on an unaudited Adjusted EBITDA basis and plans to repay the convertible notes over time through cash flow [2] Strategic Focus - CISO Global aims to expand recurring revenue through software sales to existing customers and channel partners, leveraging its strong balance sheet [3] - The company is committed to executing its growth strategy and maximizing shareholder value while delivering industry-leading cybersecurity solutions [3] Company Overview - CISO Global, Inc. is recognized as a leader in AI-powered cybersecurity software and managed security services, providing comprehensive solutions to protect organizations from cyber threats [4]