Mercury Systems, Inc. (NASDAQ:MRCY) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
press release regarding its financial results for its third
quarter of fiscal 2017 ended March 31, 2017. The Companys press
release is attached as exhibit 99.1 to this Current Report on
Form 8-K and incorporated by reference herein.
the exhibit 99.1 attached hereto shall not be deemed filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act) or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, regardless of any general
incorporation language in such filing.
generally accepted accounting principles, or GAAP, the Company
provides adjusted EBITDA, adjusted income, adjusted EPS, and free
cash flow, which are non-GAAP financial measures. Adjusted
EBITDA, adjusted income, and adjusted EPS exclude certain
non-cash and other specified charges. Free cash flow is defined
as cash flow from operating activities less capital expenditures.
The Company believes these non-GAAP financial measures are useful
to help investors more completely understand its past financial
performance and prospects for the future. However, the
presentation of adjusted EBITDA, adjusted income, adjusted EPS,
and free cash flow is not meant to be considered in isolation or
as a substitute for financial information provided in accordance
with GAAP. Management believes the adjusted EBITDA, adjusted
income, adjusted EPS, and free cash flow financial measures
assist in providing a more complete understanding of the Companys
underlying operational results and trends, and management uses
these measures along with the corresponding GAAP financial
measures to manage the Companys business, to evaluate its
performance compared to prior periods and the marketplace, and to
establish operational goals.
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Exhibit No.
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Description
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99.1
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Press Release, dated April 25, 2017, of Mercury
Systems, Inc. |
About Mercury Systems, Inc. (NASDAQ:MRCY)
Mercury Systems, Inc. is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components. It designs and builds RF and microwave components and subsystems for the electronic warfare (EW), signals intelligence (SIGINT) and other communications requirements and applications. It offers analyst services and systems engineering support, consulting, maintenance and other support, testing and installation. It designs, markets and sells software and middleware environments for the development and execution of signal and image processing applications on a range of heterogeneous and multi-computing platforms. It also offers solutions in mission computing, safety-critical avionics and platform management. Mercury Systems, Inc. (NASDAQ:MRCY) Recent Trading Information
Mercury Systems, Inc. (NASDAQ:MRCY) closed its last trading session down -1.35 at 38.38 with 376,649 shares trading hands.
