Company: MRCY
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001049521-25-000009
Chunk: 108

Company: MERCURY SYSTEMS INC
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 8
Chunk 108
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 occurred, the Company's proportion of revenue derived from the sale of components in different technological areas, and modules, sub-assemblies and integrated solutions which combine technologies into more complex diverse products has shifted. The following tables present revenue consistent with the Company's strategy of expanding its technological capabilities and program content. As additional information related to the Company’s products by end user, application, product grouping and/or platform is attained, the categorization of these products can vary over time. When this occurs, the Company reclassifies revenue by end user, application, product grouping and/or platform for prior periods. Such reclassifications typically do not materially change the underlying trends of results within each revenue category.The following table presents the Company's net revenue by end user for the periods presented: Second Quarters EndedSix Months Ended December 27, 2024December 29, 2023December 27, 2024December 29, 2023Domestic(1)$176,291 $181,822 $337,485 $328,289 International/Foreign Military Sales(2)46,834 15,641 90,071 50,165 Total Net Revenue$223,125 $197,463 $427,556 $378,454 (1) Domestic revenues consist of sales where the end user is within the U.S., as well as sales to prime defense contractor customers where the ultimate end user location is not defined. (2) International/Foreign Military Sales consist of sales to U.S. prime defense contractor customers where the end user is outside the U.S., foreign military sales through the U.S. government, and direct sales to non-U.S. based customers intended for end use outside of the U.S.The following table presents the Company's net revenue by end application for the periods presented:Second Quarters EndedSix Months Ended December 27, 2024December 29, 2023December 27, 2024December 29, 2023Radar(1)$47,110 $11,063 $80,859 $37,766 Electronic Warfare(2)23,930 26,144 50,276 50,610 Other Sensor & Effector(3)22,131 22,637 48,497 43,803 Total Sensor & Effector93,171 59,844 179,632 132,179 C4I(4)88,456 110,