Company: MRCY
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001049521-25-000017
Chunk: 23

Company: MERCURY SYSTEMS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 23
---
,270 and 58,093,528 shares issued and outstanding at March 28, 2025 and June 28, 2024, respectively589 581 Additional paid-in capital1,279,118 1,242,402 Retained earnings165,525 219,799 Accumulated other comprehensive income5,857 9,993 Total shareholders’ equity1,451,089 1,472,775 Total liabilities and shareholders’ equity$2,414,417 $2,378,905 

The accompanying notes are an integral part of the consolidated financial statements.

3

MERCURY SYSTEMS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except per share data) 

(Unaudited)

 Third Quarters EndedNine Months Ended March 28, 2025March 29, 2024March 28, 2025March 29, 2024Net revenues$211,358 $208,258 $638,914 $586,712 Cost of revenues154,248 167,616 469,188 464,023 Gross margin57,110 40,642 169,726 122,689 Operating expenses:Selling, general and administrative43,044 43,157 116,698 123,421 Research and development15,983 21,563 55,734 81,911 Amortization of intangible assets10,185 11,533 32,574 36,350 Restructuring and other charges4,931 9,841 7,231 19,389 Acquisition costs and other related expenses311 204 666 1,404 Total operating expenses74,454 86,298 212,903 262,475 Loss from operations(17,344)(45,656)(43,177)(139,786)Interest income1,290 542 2,240 674 Interest expense(8,068)(9,319)(25,404)(25,856)Other income (expense), net2,304 (2,784)(2,900)(5,706)Loss before income tax benefit(21,818)(57,217)(69,241)(170,674)Income tax benefit(2,648)(12,643)(14,967)(43,811)Net loss$(19,170)$(