Mercury Systems Reports Fourth Quarter and Fiscal 2013 Results
Fourth quarter operating results include:
Bookings of $68.0 million
Book to Bill of 1.2
Revenues of $55.4 million
Net loss of $2.0 million
GAAP net loss per share of $0.07
Adjusted EBITDA of $3.8 million
Operating cash flow of $4.8 million
CHELMSFORD, Mass. - August 6, 2013 - Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a best-of-breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, reported operating results for its fourth quarter and fiscal year 2013 which ended June 30, 2013.
Fourth Quarter Fiscal 2013 Results
Fourth quarter fiscal 2013 revenues were $55.4 million, an increase of $1.3 million, or 2%, compared to the third quarter of fiscal 2013, as revenues from defense customers increased $0.2 million and revenues from commercial customers increased $1.1 million. Fiscal 2013 fourth quarter revenues decreased $5.4 million from the fourth quarter of the prior fiscal year, as revenues from defense customers decreased by $7.3 million, while revenues from commercial customers increased by $1.9 million.
GAAP net loss for the fourth quarter of fiscal 2013 was $2.0 million, or a loss of $0.07 per share, compared to GAAP net income of $0.8 million, or $0.03 per diluted share in the preceding quarter and GAAP net income of $5.7 million, or $0.19 per diluted share, for the prior year’s fourth
The following information was filed by Mercury Systems Inc (MRCY) on Tuesday, August 6, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: MRCY CIK: 1049521 Form Type: 10-K Annual Report Accession Number: 0001049521-13-000008 Submitted to the SEC: Fri Aug 16 2013 2:45:35 PM EST Accepted by the SEC: Fri Aug 16 2013 Period: Sunday, June 30, 2013 Industry: Electronic Components And Accessories