Business Context and Reporting Period
Company: Mercury Systems, Inc.
Filing Type: Form 8-K (Current Report)
Report Date: May 6, 2025
Reporting Period: Third quarter ended March 28, 2025
This filing serves as a notification that the Company issued a press release and earnings presentation regarding its financial results for the third quarter ended March 28, 2025. These documents are attached as Exhibits 99.1 and 99.2 and are incorporated by reference.
Key Financial Metrics
The provided Form 8-K text acts as a cover document and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are detailed in the attached exhibits (Press Release and Earnings Presentation) which are not included in the source text.
Non-GAAP Measures Discussed: The Company reports the following non-GAAP measures alongside GAAP results:
- Adjusted EBITDA
- Adjusted Income
- Adjusted EPS
- Free Cash Flow
Management states these measures exclude certain non-cash and specified charges to assist investors in understanding underlying operational results.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. Investors must refer to the attached exhibits for comparative analysis.
Guidance, Outlook, and Risks
Management Commentary: Management utilizes both GAAP and non-GAAP measures to manage the business, evaluate performance against prior periods and the marketplace, and establish operational goals. The filing explicitly states that non-GAAP measures should not be considered in isolation or as a substitute for GAAP information.
Legal Disclaimer: Information in Item 2.02 and the attached exhibits is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section. It shall not be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act.
Risks and Contingencies: No specific risks or contingencies are detailed in the text of this Form 8-K.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q3 2025 revenue and earnings figures.
- Review Exhibit 99.2 (Earnings Presentation) for detailed financial tables and forward-looking guidance.
- Verify the reconciliation between GAAP and non-GAAP measures (Adjusted EBITDA, Adjusted Income, Adjusted EPS) in the attached exhibits.
- Confirm the specific non-cash charges excluded from non-GAAP calculations.