MERCURY SYSTEMS Reports Fourth Quarter FY2023 Earnings Results on August 15th
August 17, 2023
🌥️Earnings Overview
On August 15th 2023, MERCURY SYSTEMS ($NASDAQ:MRCY) reported their earnings results for the fourth quarter of FY2023, which ended on June 30th 2023. Total revenue was USD 253.2 million, a decrease of 12.6% from the same period in the previous year. Net income for the quarter was USD -8.2 million, compared to the USD 16.9 million reported last year.
Market Price
The stock opened at $34.9 and closed 3.4% lower at $33.8 compared to its prior closing price of $35.0. The company’s performance was driven by strong demand for its products, particularly in the defense and aerospace markets.
In addition, the company’s strong focus on cost efficiency and increased investments in research and development helped contribute to the positive financial results. Overall, MERCURY SYSTEMS reported a solid fourth quarter, with increases in both revenue and net income. The company’s stock price may have dropped slightly, but the long-term outlook remains positive. Investors should continue to keep an eye on the company’s performance and the direction of its stock in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mercury Systems. More…
| Total Revenues | Net Income | Net Margin |
| 973.88 | -28.34 | -2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mercury Systems. More…
| Operations | Investing | Financing |
| -21.25 | -38.56 | 65.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mercury Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.39k | 824.68 | 27.5 |
Key Ratios Snapshot
Some of the financial key ratios for Mercury Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | -3.6% | -2.4% |
| FCF Margin | ROE | ROA |
| -6.2% | -0.9% | -0.6% |
Analysis
At GoodWhale, we recently performed an analysis of MERCURY SYSTEMS’s fundamentals. Our Risk Rating for the company indicates it is a high risk investment in terms of both financial and business aspects. We have identified 3 key risk warnings from the income sheet, balance sheet, and cashflow statement that potential investors should consider. To provide a comprehensive overview of our findings, we recommend that potential investors register on our website at goodwhale.com. Here, they can access a full report on our analysis and gain insights into the potential risks associated with investing in MERCURY SYSTEMS. With this information, investors can make a more informed decision about whether this is the right kind of investment for them. More…
Peers
The company’s products are used in a variety of mission-critical applications, including air traffic control, missile defense, and naval warfare. Mercury Systems Inc’s main competitors are Parallel Flight Technologies Inc, NRP Stone Inc, and Raytheon Technologies Corp.
– Parallel Flight Technologies Inc ($OTCPK:PFTY)
Raytheon Technologies Corporation is an American aerospace and defense company created by the merger of Raytheon Company and the United Technologies Corporation. It was formed in 2020 and is headquartered in Waltham, Massachusetts. The company specializes in defense, security, and aerospace products and services. Major products include guided missiles, radar, electronic warfare, and combat systems.
Summary
MERCURY SYSTEMS released their fourth quarter FY2023 earnings results on August 15 2023, which showed total revenue of USD 253.2 million, down 12.6% year over year, and a net income of USD -8.2 million compared to USD 16.9 million the previous year. This resulted in a drop in the stock price. For investors, the weak performance and outlook for MERCURY SYSTEMS may necessitate a more conservative stance. It would be prudent to analyze the company’s current financial position before making any decisions, as well as assessing their short and long term strategies for future growth.
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