Mercury Systems, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2023
November 01, 2022 at 04:01 pm EDT
Share
Mercury Systems, Inc. provided earnings guidance for the second quarter and full year of 2023. For the second quarter of fiscal 2023, revenues are forecasted to be in the range of $225.0 million to $240.0 million. GAAP net loss for the second quarter is expected to be approximately $10.3 million to $6.2 million, or $0.18 to $0.11 per share, assuming no incremental other non-operating adjustments, or non-recurring financing in the period, and approximately 56.4 million weighted average diluted shares outstanding.
For the full fiscal year 2023, revenues are forecasted to be in the range of $1.01 billion to $1.05 billion, and GAAP net income of $14.8 million to $24.7 million, or $0.26 to $0.44 per share, assuming no incremental other non-operating adjustments, or non-recurring financing in the period, and approximately 56.6 million weighted average diluted shares outstanding.
Mercury Systems, Inc. is a technology company that delivers processing power for aerospace and defense missions. The Company's end-to-end processing platform enables a range of aerospace and defense programs, optimized for mission success in challenging and demanding environments. Processing technologies that comprise its platform include signal solutions, display, software applications, networking, storage and secure processing. It manufactures components, products, modules and subsystems for defense prime contractors, the United States government, and original equipment manufacturers (OEM) commercial aerospace companies. Its mission critical solutions are deployed by its customers for a variety of applications, including command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), electronic intelligence, mission computing avionics, electro-optical/infrared (EO/IR), electronic warfare, weapons and missile defense, hypersonics and radar.
MERCURY SYSTEMS, INC. 
