Loading...
•
Sep 29, 2023
Mercury Q1 2024 Earnings Report
Mercury Systems reported a decrease in revenue and earnings for Q1 2024.
Key Takeaways
Mercury Systems reported a decrease in revenue for the first quarter of fiscal year 2024, with revenues of $181.0 million compared to $227.6 million in the first quarter of fiscal year 2023. The company's GAAP net loss was $36.7 million, or $0.64 per share, compared to a net loss of $14.3 million, or $0.26 per share, in the first quarter of fiscal year 2023. Adjusted EPS was $(0.24) per share, compared to $0.24 per share in the first quarter of fiscal year 2023.
Total Company first quarter fiscal 2024 revenues were $181.0 million, compared to $227.6 million in the first quarter of fiscal 2023.
Total bookings for the first quarter of fiscal 2024 were $191.5 million, yielding a book-to-bill ratio of 1.06 for the quarter.
Total Company GAAP net loss was $36.7 million, and $0.64 loss per share for the first quarter of fiscal 2024.
Adjusted loss per share was $(0.24) for the first quarter of fiscal 2024.
Forward Guidance
For the full fiscal year 2024, revenues are forecasted to be in the range of $950.0 million to $1.00 billion, and GAAP net (loss) income of $(15.9) million to $3.8 million, or $(0.28) to $0.07 (loss) earnings per share, and approximately 58.0 million weighted average diluted shares outstanding. Adjusted EBITDA for the full fiscal year is expected to be approximately $160.0 million to $185.0 million, and adjusted EPS for the full fiscal year is expected to be approximately $1.19 to $1.54 per share.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...