Please complete this form relating to your transactions in Mercury Systems, Inc. (NASDAQ: MRCY) between August 4, 2021 and August 2, 2022.
You may also contact Jonathan Naji, Esq. (484) 270-1453; or you may submit your information via email at email@example.com; or you may click here to print a PDF of this form.
Mercury Systems investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.
Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of Mercury Systems, Inc. (NASDAQ: MRCY) (“Mercury Systems”) securities.
On July 26, 2022, Glasshouse Research published a report detailing how the company’s “management has used accounting gimmicks to obfuscate true economic earnings while concealing the decay of its core company.” Specifically, the report stated that Mercury Systems’ management has “prematurely recognized revenue on significant projects boosting both revenue and earnings unsustainably” while also using recent acquisitions to conceal true earnings “with material non-GAAP exclusions.” Additionally, the report indicated that Mercury Systems’ free-cash-flow is “grossly overstated as the company has been stifling its vendors to conserve cash.” Following this news, Mercury Systems’ stock price fell $4.87, or 7.8%, to close at $57.26 per share on July 26, 2022.
Then, on August 2, 2022, Mercury Systems reported fourth quarter 2022 revenue which was well below the amount expected from previous guidance. Mercury Systems also reported non-GAAP EPS of $0.81, missing consensus estimates by $0.17. Following this news, Mercury Systems’ stock price fell $7.67, or 13.3%, to close at $49.81 per share on August 3, 2022.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at firstname.lastname@example.org.