Mercury Systems, Inc. Presents at Three Part Advisors East Coast IDEAS Investor Conference, May-15-2013 03:10 PM. Venue: Metro Meeting Center, 101 Federal Street, 4(th) Floor, Boston, MA 02110, United States.

Mercury Systems, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company’s net revenues were $54,123,000 compared to $66,989,000 for the same period a year ago. Loss from operations was $1,463,000 compared to income from operations of $7,106,000 for the same period a year ago. Loss from operations before income taxes was $1,444,000 compared to income from operations before income taxes of $7,625,000 a year ago. Net income was $788,000 or $0.03 per basic and diluted share compared to net income of $5,245,000 or $0.17 per diluted share for the same period a year ago. Net cash provided by operating activities was $1,697,000 compared to $12,443,000 for the same period a year ago. Purchases of property and equipment were $533,000 compared to $2,867,000 for the same period a year ago. Adjusted EBITDA was $5,242,000 compared to $12,007,000 for the same period a year ago. Free cash flow was $1,164,000 compared to $9,576,000 for the same period a year ago. For nine months, the company’s net revenues were $153,355,000 compared to $184,070,000 for the same period a year ago. Loss from operations was $19,726,000 compared to income from operations of $24,156,000 for the same period a year ago. Loss from operations before income taxes was $19,271,000 compared to income from operations before income taxes of $25,465,000 a year ago. Net loss was $11,196,000 or $0.37 per basic and diluted share compared to net income of $16,943,000 or $0.56 per diluted share for the same period a year ago. Net cash used in operating activities was $6,693,000 compared to Net cash provided by operating activities of $27,687,000 for the same period a year ago. Purchases of property and equipment were $2,259,000 compared to $6,438,000 for the same period a year ago. Adjusted EBITDA was $7,879,000 compared to $39,572,000 for the same period a year ago. Negative free cash flow was $8,952,000 compared to $21,249,000 for the same period a year ago. For the fourth quarter of fiscal 2013, revenues are currently forecasted to be in the range of $48 million to $54 million. At this range, GAAP net loss per share is expected to be in the range of a net loss of $0.07 to $0.13 per share. Projected GAAP net loss per share includes $0.05 per share associated with forecasted amortization of acquired intangible assets. Adjusted EBITDA for the fourth quarter of fiscal 2013 is expected to be in the range of $0.1 million to $3.0 million.

Mercury Systems, Inc., Q3 2013 Earnings Call, Apr 30, 2013