Last $14.03 USD
Change Today +0.05 / 0.36%
Volume 3.6K
MRCY On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 10:04 AM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

mercury systems inc (MRCY) Snapshot

Open
$14.00
Previous Close
$13.97
Day High
$14.04
Day Low
$13.94
52 Week High
10/30/14 - $14.43
52 Week Low
02/3/14 - $10.25
Market Cap
475.9M
Average Volume 10 Days
110.8K
EPS TTM
$0.08
Shares Outstanding
33.9M
EX-Date
--
P/E TM
173.4x
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.

625 Employees
Last Reported Date: 11/6/14
Founded in 1981

mercury systems inc (MRCY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $310.0K
President of Advanced of Computing Solutions ...
Total Annual Compensation: $343.4K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $215.0K
Compensation as of Fiscal Year 2014.

mercury systems inc (MRCY) Key Developments

Mercury Systems, Inc. Gets $2.6 Million Order for Fighter Aircraft

Mercury Systems, Inc. announced that it has received a $2.6 million purchase order relating to a sensor processing application for fighter aircraft.

Mercury Systems, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014; Provides Earnings Guidance for the Second Quarter Ending December 31, 2014; Revised Earnings Guidance Full year Ending June 30, 2015

Mercury Systems, Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. First quarter fiscal 2015 revenues were $54.1 million, an increase of $3.4 million, or 7%, compared to the first quarter of fiscal 2014, as revenues from defense customers increased $8.2 million and revenues from commercial customers decreased $4.8 million. GAAP income from continuing operations for the first quarter of fiscal 2015 was $0.7 million, or $0.02 per share, compared to GAAP loss from continuing operations of $2.3 million or $0.07 per share, for the prior year's first quarter. First quarter fiscal 2015 adjusted EBITDA was $8.0 million, compared to $3.3 million for the prior year's first quarter. GAAP loss from discontinued operations, net of income taxes, was $0.2 million or $0.00 per share compared to GAAP income from discontinued operations, net of income taxes, of $48,000 or $0.00 per share, for the prior year's first quarter. Total GAAP net income was $0.5 million, or $0.02 per share, compared to total GAAP net loss of $2.3 million or $0.07 per share for the prior year's first quarter. Income from operations was $0.728 million against loss of $4.041 million a year ago. Income from continuing operations before income taxes was $0.717 million against loss of $3.623 million a year ago. Net cash provided by operating activities was $2.178 million against $2.173 million a year ago. Purchases of property and equipment were $0.905 million against $1.108 million a year ago. Capital expenditures were $0.905 million against $1.108 million a year ago. The company generated $1.3 million of free cash flow during the quarter with $2.2 million of operating cash flow driven by cash earnings being partially offset by $0.9 million of capital expenditures. The company’s improved profitability year-over-year was primarily due to higher sales volume, a slight increase in gross margin and lower operating expenses, largely due to the ongoing acquisition integration plan. For the second quarter ending December 31, 2014, revenues are currently forecasted to be in the range of $54.0 million to $58.0 million, with 90% or more expected to come from the defense side of the business. The company is forecasting gross margin for the second quarter of 47% to 48%, which is essentially flat year-over-year. At this range, GAAP income per share from continuing operations is expected to be in the range of $0.01 to $0.05 per share. Projected GAAP income per share from continuing operations includes $0.02 per share of restructuring charges and $0.03 per share for forecasted amortization of intangible assets. This GAAP net income forecast also assumes the effective income tax rate of approximately 40%. Adjusted EBITDA for the second quarter of fiscal 2015 is expected to be in the range of $7.4 million to $9.8 million, an improvement of 42% to 88% over the prior year. The improved year-over-year profitability that we're forecasting for the second quarter of fiscal 2015 reflects 2 anticipated drivers: first, higher sales volume, primarily driven in the second quarter by the Patriot program; and second, larger -- lower operating expenses, primarily due to lower headcount and an increase in customer-funded R&D. Income from continuing operations is to be in the range of $0.250 million to $1.700 million, depreciation is to be in the range of $1.600 million to $1.600 million, and amortization of intangible assets is to be in the range of $1.800 million to $1.800 million. Revenues for fiscal year ending June 30, 2015 are projected to be in the range of $228.0 million to $236.0 million, representing 9% to 13% revenue growth relative to fiscal 2014. At this range, GAAP income per share from continuing operations is projected to be in the range of $0.26 to $0.32 per share. Projected fiscal 2015 GAAP earnings per share from continuing operations includes $0.06 per share of restructuring charges and $0.13 per share for amortization of intangible assets. Adjusted EBITDA for fiscal 2015 is currently expected to be in the range of $39 million to $43 million, representing an improvement of 66% to 83% over fiscal 2014. At the upper end of this range, the company would generate adjusted EBITDA of 18% of revenue, which is in line with its target business model. Income from continuing operations is to be in the range of $8.300 million to $10.700 million, depreciation is to be in the range of $7.100 million to $7.100 million and amortization of intangible assets is to be in the range of $7.000 million to $7.000 million.

Michael Ruppert to Join Mercury Systems as Senior Vice President, Strategy and Corporate Development, Effective November 17, 2014

Mercury Systems, Inc. announced that, effective November 17, 2014, Michael Ruppert will be joining the company as Senior Vice President, Strategy and Corporate Development, reporting to Mercury's President and Chief Executive Officer, Mark Aslett. Mr. Ruppert will be responsible for Mercury's corporate development activities, including strategy, planning and mergers and acquisitions. Prior to joining Mercury, Mr. Ruppert was the Co-Founder and Managing Partner of RSPartners, LLC.

 

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TEV/Sales 2.0x
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