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Mercury Systems Inc (MRCY) SEC Filing 10-Q Quarterly Report for the period ending Friday, December 31, 2021

SEC Filings

Mercury Systems Inc

CIK: 1049521 Ticker: MRCY

Exhibit 99.1
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FOR IMMEDIATE RELEASE

Mercury Systems Reports Second Quarter Fiscal 2022 Results

Second Quarter Highlights Include:
Bookings of $237 million yielding book-to-bill of 1.08
Revenues of $220 million increased 5% over prior year
Completed the acquisitions of Avalex Technologies and Atlanta Micro
Executing on 1MPACT value creation initiative as planned


ANDOVER, Mass. February 1, 2022 Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the second quarter of fiscal 2022, ended December 31, 2021.
Management Comments
“The Company delivered solid results for the second quarter of fiscal 2022,” said Mark Aslett, Mercury’s President and Chief Executive Officer. “Bookings of $237 million increased substantially from the first quarter yielding a book-to-bill of 1.08 and revenue at $220 million increased 5% over the prior year. We continue to anticipate stronger bookings in the second half leading to substantial growth for the full fiscal year. As a result, we expect to exit the fiscal year well-positioned for a return to our more normal levels of revenue growth and margin expansion in fiscal 2023. During the quarter, we completed the acquisitions of Avalex Technologies and Atlanta Micro, expanding our content and capabilities in both open mission systems and trusted microelectronics. We also continued to execute our 1MPACT value-creation initiative to operate at a greater scale than what we are today.”
Second Quarter Fiscal 2022 Results
Total Company second quarter fiscal 2022 revenues were $220.4 million, compared to $210.7 million in the second quarter of fiscal 2021. The second quarter fiscal 2022 results included an aggregate of approximately $37.5 million of revenue attributable to the Physical Optics Corporation, Pentek, Avalex Technologies and Atlanta Micro acquired businesses.




The following information was filed by Mercury Systems Inc (MRCY) on Tuesday, February 1, 2022 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Mercury Systems Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside Mercury Systems Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations And Comprehensive Income
Consolidated Statements Of Shareholders' Equity Statement
Acquisitions
Acquisitions (Tables)
Acquisitions - Narrative (Details)
Acquisitions - Net Purchase Price And Fair Values Of Assets And Liabilities Acquired (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Details)
Description Of Business
Employee Benefit Plan
Employee Benefit Plan (Details)
Fair Value Of Financial Instruments
Goodwill
Goodwill (Details)
Goodwill (Tables)
Income Taxes
Income Taxes (Details)
Inventory
Inventory (Details)
Inventory (Tables)
Operating Segment, Geographic Information And Platform - Revenue (Details)
Operating Segment, Geographic Information And Significant Customers
Operating Segment, Geographic Information And Significant Customers (Tables)
Operating Segment, Geographic Information And Significant Customers - Customers Comprising Ten Percent Or More Revenues (Details)
Operating Segment, Geographic Information And Significant Customers - Geographic Distribution Of Revenues And Long Lived Assets From Continuing Operations (Details)
Restructuring
Restructuring (Tables)
Restructuring - Additional Information (Details)
Restructuring - Expenses By Reportable Segment For Restructuring Plans (Details)
Shareholders' Equity
Shareholders' Equity - Additional Information (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Stock-Based Compensation Expenses (Details)
Stock-Based Compensation - Summary Of Nonvested Restricted Stock (Details)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Basic And Diluted Weighted Average Shares Outstanding (Details)

Material Contracts, Statements, Certifications & more

Mercury Systems Inc provided additional information to their SEC Filing as exhibits

Ticker: MRCY
CIK: 1049521
Form Type: 10-Q Quarterly Report
Accession Number: 0001049521-22-000010
Submitted to the SEC: Tue Feb 08 2022 4:10:20 PM EST
Accepted by the SEC: Tue Feb 08 2022
Period: Friday, December 31, 2021
Industry: Electronic Components And Accessories

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