Last $10.69 USD
Change Today -0.06 / -0.56%
Volume 142.7K
As of 12:48 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

mercury systems inc (MRCY) Snapshot

Open
$10.70
Previous Close
$10.75
Day High
$10.80
Day Low
$10.55
52 Week High
04/4/14 - $14.40
52 Week Low
10/17/13 - $8.42
Market Cap
356.8M
Average Volume 10 Days
83.4K
EPS TTM
$-0.04
Shares Outstanding
33.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MERCURY SYSTEMS INC (MRCY)

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mercury systems inc (MRCY) Details

Mercury Systems, Inc. provides open sensor processing systems and services. The company operates through two segments, Mercury Commercial Electronics (MCE) and Mercury Defense Systems (MDS). The MCE segment designs, develops, and builds open sensor processing products and subsystems that include embedded processing modules and subsystems; radio frequency (RF) and microwave multi-function assemblies, as well as subsystems; and RF and microwave components for critical commercial, defense, and intelligence applications. The MDS segment develops integrated sensor processing subsystems, including classified application-specific software and intellectual property for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, as well as electronic warfare and electronic counter measure markets. The company operates in the United States, Europe, and the Asia Pacific region. Mercury Systems, Inc. was formerly known as Mercury Computer Systems, Inc. The company was founded in 1981 and is headquartered in Chelmsford, Massachusetts.

mercury systems inc (MRCY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $310.0K
President of Advanced of Computing Solutions ...
Total Annual Compensation: $334.6K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $215.0K
Chief Legal Officer, Senior Vice President of...
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2013.

mercury systems inc (MRCY) Key Developments

Mercury Systems Seeks Acquisitions

Mercury Systems, Inc. (NasdaqGS:MRCY) has filed a shelf registration in the amount of $500 million. Mercury Systems intends to use the net proceeds for general corporate purposes, which may include acquisition of other companies or businesses, repayment and refinancing of debt, capital expenditures, working capital and other purposes as described in any prospectus supplement.

Mercury Systems, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014; Reports Goodwill Impairments for the Fourth Quarter of 2014; Provides Earnings Guidance for the First Quarter Ending September 30, 2014 and Full Year Ending June 30, 2015

Mercury Systems, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company reported net revenues were $53,678,000 compared to $51,816,000 for the same period a year ago. Loss from operations was $296,000 compared to $4,074,000 for the same period a year ago. Income from continuing operations before income taxes was $18,000 compared to loss from continuing operations before income taxes of $4,002,000 for the same period a year ago. Loss from continuing operations was $711,000 or $0.02 per basic and diluted share compared to $1,958,000 or $0.06 per basic and diluted share for the same period a year ago. Net loss was $7,546,000 or $0.24 per basic and diluted share compared to $2,012,000 or $0.07 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $2,509,000 compared to $4,822,000 for the same period a year ago. Purchases of property and equipment were $1,634,000 compared to $1,621,000 for the same period a year ago. Adjusted EBITDA was $7,190,000 compared to $3,490,000 for the same period a year ago. For the full year, the company reported net revenues were $208,729,000 compared to 194,231,000 for the same period a year ago. Loss from operations was $7,405,000 compared to $24,810,000 for the same period a year ago. Loss from continuing operations before income taxes was $5,913,000 compared to $24,283,000 for the same period a year ago. Loss from continuing operations was $4,072,000 or $0.13 per basic and diluted share compared to $13,782,000 or $0.46 per basic and diluted share for the same period a year ago. Net loss was $11,425,000 or $0.37 per basic and diluted share compared to $13,208,000 or $0.44 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $14,241,000 compared to net cash used in operating activities of $1,871,000 for the same period a year ago. Purchases of property and equipment were $6,701,000 compared to $3,880,000 for the same period a year ago. Adjusted EBITDA was $23,522,000 compared to $9,940,000 for the same period a year ago. The company also reported impairment of goodwill of $6,687,000 for the fourth quarter of 2014. The company also provided earnings guidance for the first quarter ending September 30, 2014 and full year ending June 30, 2015. For the quarter, the company expected GAAP loss per share from continuing operations expected to be in the range of $0.06 to $0.01. GAAP net loss from continuing operations expected to be in the range of $1,800,000 to $200,000. Depreciation expected to be $1,700,000. Amortization of intangible assets expected to be $1,800,000. Adjusted EBITDA expected to be in the range of $4,200,000 to $7,000,000. Revenues are forecasted to be in the range of $50 million to $55 million. For the full year, the company expected GAAP earnings per share from continuing operations expected to be in the range of $0.21 to $0.32. GAAP net income from continuing operations expected to be in the range of $6,800,000 to $10,600,000. Depreciation expected to be $7,100,000. Amortization of intangible assets expected to be $7,000,000. Adjusted EBITDA expected to be in the range of $37,000,000 to $42,900,000. Revenues for fiscal 2015 are projected to be in the range of $224 million to $236 million, representing 7% to 13% revenue growth relative to fiscal 2014. Adjusted EBITDA is currently forecasted in the range of $37 million to $43 million.

Mercury Systems Mulls Acquisitions

Mercury Systems, Inc. (NasdaqGS:MRCY) is seeking acquisitions. Mark Aslett, President and Chief Executive Officer of Mercury Systems said, "In effect, we've taken advantage of the industry downturn to retool the business, and create a platform that we can continue to grow organically and scale through future acquisitions."

 

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