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Jul 01, 2022
Mercury Q4 2022 Earnings Report
Mercury Systems reported record bookings and revenues, and is well-positioned for strong financial performance in FY23.
Key Takeaways
Mercury Systems reported record bookings of $332 million and record revenue of $290 million for the fourth quarter of fiscal 2022. Bookings increased 27% year over year and 12% sequentially, yielding a book-to-bill of 1.14. The company is executing its 1MPACT value-creation initiative to mitigate supply chain, labor, and inflationary pressures.
Record bookings of $332 million yielding book-to-bill of 1.14
Record revenues of $290 million increased 16% over prior year
Well-positioned for strong financial performance in FY23
Executing 1MPACT value creation initiative
Mercury
Mercury
Forward Guidance
For the first quarter of fiscal 2023, revenues are forecasted to be in the range of $215.0 million to $225.0 million. For the full fiscal year 2023, revenues are forecasted to be in the range of $1.00 billion to $1.05 billion.