Company: MRCY
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001049521-25-000009
Chunk: 23

Company: MERCURY SYSTEMS INC
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 1
Chunk 23
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 outstanding at December 27, 2024 and June 28, 2024, respectively587 581 Additional paid-in capital1,266,926 1,242,402 Retained earnings184,695 219,799 Accumulated other comprehensive income8,068 9,993 Total shareholders’ equity1,460,276 1,472,775 Total liabilities and shareholders’ equity$2,401,455 $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)

 Second Quarters EndedSix Months Ended December 27, 2024December 29, 2023December 27, 2024December 29, 2023Net revenues$223,125 $197,463 $427,556 $378,454 Cost of revenues162,299 165,943 314,940 296,407 Gross margin60,826 31,520 112,616 82,047 Operating expenses:Selling, general and administrative40,501 44,470 73,654 80,264 Research and development21,368 28,476 39,751 60,348 Amortization of intangible assets11,154 12,270 22,389 24,817 Restructuring and other charges40 2 2,300 9,548 Acquisition costs and other related expenses178 231 355 1,200 Total operating expenses73,241 85,449 138,449 176,177 Loss from operations(12,415)(53,929)(25,833)(94,130)Interest income406 29 950 132 Interest expense(8,430)(8,674)(17,336)(16,537)Other expense, net(3,865)(1,148)(5,204)(2,922)Loss before income tax benefit(24,304)(63,722)(47,423)(113,457)Income tax benefit(6,725)(18,141)(12,319)(31,168)Net loss$(17,579)$(45,581)$(35,104)$(82,289)Basic net loss per share$(0.