Fourth Quarter and Fiscal Year 2023 Financial Results
9
Q4 FY23 vs. Q4 FY22
In $ millions, except percentage and per share data
Bookings
Book-to-Bill
Backlog
12-Month Backlog
Revenue
Organic Revenue Growth (Decline) (¹)
Gross Margin
Operating Expenses
Selling, General & Administrative
Research & Development
Amortization/Restructuring/Acquisition
GAAP Net Income (Loss)
GAAP Earnings (Loss) Per Share
Weighted Average Diluted Shares
Adjusted EPS(2)
Adj. EBITDA (2)
% of revenue
Operating Cash Flow
Free Cash Flow(2)
% of Adjusted EBITDA
© Mercury Systems, Inc.
Q4 FY22
$331.5
1.14
$1,037.7
646.7
$289.7
9%
41.3%
$92.0
44.0
24.6
23.4
$16.9
$0.30
56.3
$0.81
$71.6
24.7%
(3)
($19.4)
($27.6)
N.A.
Does not contain Technical Data.
//Mercury Proprietary No Tech Data//
Q4 FY23 (3)
$293.8
1.16
$1,139.8
716.4
$253.2
(13%)
26.6%
$76.3
32.0
27.6
16.7
($8.2)
($0.15)
56.8
$0.11
$21.9
8.7%
$12.6
$3.8
17.2%
CHANGE
(11%)
10%
(13%)
(14.7) bps
(17%)
N.A.
N.A.
(86%)
(69%)
N.A.
N.A.
Notes
(1) Organic revenue represents
total company revenue
excluding net revenue from
acquisitions for the first four full.
quarters since the entities'
acquisition date (which excludes
any intercompany transactions).
After the completion of four
fiscal quarters, acquired
businesses are treated as
organic for current and
comparable historical periods.
(2) Non-GAAP, see reconciliation
table.
(3) All references in this
presentation to the
fourth quarter of fiscal 2022 are
to the quarter ended July 1,
2022. All references to the
fourth quarter of fiscal 2023 are
to the quarter ended June 30,
2023.
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