Company: MRCY
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001049521-25-000017
Chunk: 109

Company: MERCURY SYSTEMS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 109
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 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.

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The following table presents the Company's net revenue by end user for the periods presented: Third Quarters EndedNine Months Ended March 28, 2025March 29, 2024March 28, 2025March 29, 2024Domestic(1)$176,203 $177,973 $513,688 $506,262 International/Foreign Military Sales(2)35,155 30,285 125,226 80,450 Total Net Revenue$211,358 $208,258 $638,914 $586,712 (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:Third Quarters EndedNine Months Ended March 28, 2025March 29, 2024March 28, 2025March 29, 2024Radar(1)$35,921 $24,607 $116,780 $62,373 Electronic Warfare(2)21,414 21,427 71,690 72,038 Other Sensor & Effector(3)22,041 47,681 70,538 91,482 Total Sensor & Effector79,376 93,715 259,008 225,893 C4I(4)96,784 84,604 270,520 285,758 Other(5)35,198 29,939 109,386 75,061 Total Net Revenue$211,358