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Dec 31, 2021
Mercury Q2 2022 Earnings Report
Mercury Systems reported solid results with revenue increase and strategic acquisitions.
Key Takeaways
Mercury Systems reported a 5% increase in revenue compared to the previous year, reaching $220.4 million. The company's bookings totaled $236.9 million, resulting in a book-to-bill ratio of 1.08. Net loss was $(2.6) million, or $(0.05) per share, while adjusted EPS was $0.39. The company completed acquisitions of Avalex Technologies and Atlanta Micro.
Revenue increased by 5% year-over-year to $220.4 million.
Bookings totaled $236.9 million, yielding a book-to-bill ratio of 1.08.
GAAP net loss was $(2.6) million, or $(0.05) per share.
Completed acquisitions of Avalex Technologies and Atlanta Micro.
Forward Guidance
For the third quarter of fiscal 2022, revenues are forecasted to be in the range of $245.0 million to $255.0 million. GAAP net income for the third quarter is expected to be approximately $8.2 million to $10.4 million, or $0.15 to $0.19 per share. Adjusted EBITDA for the third quarter of fiscal 2022 is expected to be in the range of $50.0 million to $53.0 million. Adjusted EPS is expected to be in the range of $0.55 to $0.59 per share. For the full fiscal year 2022, revenues are forecasted to be in the range of $1.00 billion to $1.03 billion, and GAAP net income of $44.8 million to $50.1 million, or $0.80 to $0.90 per share. Adjusted EBITDA for the full fiscal year is expected to be approximately $220.0 million to $227.0 million, and adjusted EPS for the full fiscal year is expected to be approximately $2.51 to $2.60 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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