Mercury Systems, Inc. reported earnings results for the third quarter and nine months ended March 29, 2024. For the third quarter, the company reported sales was USD 208.26 million compared to USD 263.48 million a year ago. Net loss was USD 44.57 million compared to net income of USD 5.16 million a year ago. Basic loss per share from continuing operations was USD 0.77 compared to basic earnings per share from continuing operations of USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.77 compared to diluted earnings per share from continuing operations of USD 0.09 a year ago.
For the nine months, sales was USD 586.71 million compared to USD 720.65 million a year ago. Net loss was USD 126.86 million compared to USD 20.1 million a year ago. Basic loss per share from continuing operations was USD 2.2 compared to USD 0.36 a year ago. Diluted loss per share from continuing operations was USD 2.2 compared to USD 0.36 a year ago.