Key Developments For Mercury Computer Systems, Inc.
Mercury Computer Systems, Inc. (MRCY.O) (Nasdaq)
Mercury Computer Systems Reaffirms Q2 2010 Guidance-Conference Call
Mercury Computer Systems reaffirmed second quarter of 2010 guidance and expects revenue to be in the range of $40.0-$42.0 million, GAAP losses from continuing operations per share (EPS) to be in the range of $(0.08)-$(0.04) and a positive EBITDA of $0.60-$1.9 million.
Mercury Computer Systems Issues Q2 2010 Guidance Below Analysts' Estimates
Mercury Computer Systems announced that for second quarter of 2010, it expects revenue to be in the range of $40.0-$42.0 million, GAAP losses from continuing operations per share (EPS) to be in the range of $(0.08)-$(0.04). According to Reuters Estimates, analysts were expecting the Company to report revenue of $47.70 million and GAAP EPS to be $0.08 for the same period.
Mercury Computer Systems To Deliver OpenVPX-Based Signal Processing Solution for Global Radar System Upgrade
Mercury Computer Systems announced that it received a multimillion-dollar system order from a defense supplier for its global radar upgrade program. Mercury will deliver a complete signal processing solution employing its OpenVPX-compliant Ensemble 6000 Series products. In addition, Mercury's Services and Systems Integration organization is providing comprehensive professional services aimed at the development, validation, and qualification of the complete subsystem for this ground-based defense system.
Mercury Computer Systems Appoints Russell K. Johnsen as Chairman of Board-Form 8-K
Mercury Computer Systems reported in its Form 8-K that at the Annual Meeting, Russell K. Johnsen and Vincent Vitto were elected as Class III Directors of the Company. Immediately following the Annual Meeting, the Company's Board of Directors held a meeting at which it elected Russell K. Johnsen as Chairman of the Board.
Mercury Computer Systems Issues Q1 2010 Guidance; Revenue Guidance Below Analysts' Estimates
Mercury Computer Systems announced that for first quarter of 2010, it expects revenues to be in the range of approximately $43-$45 million. At this range, GAAP earnings from continuing operations per share are currently expected to be in the range of $0.03 to $0.08. Commencing with the first quarter of fiscal 2010, Mercury will be changing its non-GAAP measure of reporting financial performance by using Adjusted EBITDA (earnings from continuing operations before interest income and expense, income taxes, depreciation, amortization of acquired intangible assets and stock-based compensation costs). Adjusted EBITDA for the first quarter of 2010 is expected to be in the range of $3.5 million to $5.0 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $48 million, EBITDA of $3.5 million and GAAP EPS of $0.07 for the same period.
