Mercury Systems ( (MRCY) ) has released its Q1 earnings. Here is a breakdown of the information Mercury Systems presented to its investors.
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Mercury Systems is a technology company that delivers mission-critical processing power for aerospace and defense missions, headquartered in Andover, Massachusetts, with a global presence. Mercury Systems reported its first quarter fiscal 2025 results, highlighting significant year-over-year growth in bookings, revenue, and adjusted EBITDA, despite recording a GAAP net loss. For the first quarter of fiscal 2025, the company reported bookings of $247.7 million, representing a 29% increase year-over-year, and a book-to-bill ratio of 1.21. Revenue for the quarter was $204.4 million, up 13% from the previous year, while adjusted EBITDA saw a substantial increase to $21.5 million from $2.0 million in the same quarter last year. The GAAP net loss narrowed to $17.5 million from $36.7 million in the previous year, with the loss per share reduced from $0.64 to $0.30. The company’s backlog reached a record $1.34 billion, a 16% increase year-over-year, indicating strong future demand. Looking ahead, Mercury Systems’ management is optimistic about achieving predictable organic growth, expanding margins, and robust free cash flow, leveraging its strategic positioning in the aerospace and defense sector.
