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Oct 01, 2021
Mercury Q1 2022 Earnings Report
Reported first quarter fiscal 2022 results, with revenue increase and strategic acquisition announcement.
Key Takeaways
Mercury Systems reported a 9% increase in revenues to $225 million for the first quarter of fiscal 2022. The company's net loss was $(7.1) million, or $(0.13) per share, while adjusted EPS was $0.41. They also announced an agreement to acquire Avalex Technologies.
Revenues increased by 9% year-over-year, reaching $225 million.
GAAP net loss was $(7.1) million, or $(0.13) per share.
Adjusted EPS was $0.41 per share.
Announced a definitive agreement to acquire Avalex Technologies.
Mercury
Mercury
Forward Guidance
For the second quarter of fiscal 2022, revenues are forecasted to be in the range of $215.0 million to $225.0 million. GAAP net income for the second quarter is expected to be approximately $0.3 million to $1.0 million, or $0.00 to $0.02 per share. Adjusted EBITDA for the second quarter of fiscal 2022 is expected to be in the range of $38.0 million to $41.0 million. Adjusted EPS is expected to be in the range of $0.39 to $0.43 per share.