Mercury Systems, Inc. (MRCY) Bundle
A Brief History of Mercury Systems, Inc. (MRCY)
Company Overview
Mercury Systems, Inc. is a technology company headquartered in Andover, Massachusetts, specializing in secure computing solutions for mission-critical defense and intelligence applications.
Financial Performance
| Fiscal Year | Revenue | Net Income | Stock Price (as of January 2024) |
|---|---|---|---|
| 2023 | $2.56 billion | $179.4 million | $59.37 |
Key Business Segments
- Defense and Intelligence Solutions
- Commercial Markets
- Secure Mission Solutions
Corporate Acquisitions
Recent significant acquisitions include:
- Pentek, Inc. (Embedded Computing) in 2021
- Physical Optics Corporation in 2020
- Syntony GNSS in 2019
Market Position
Mercury Systems is listed on the NASDAQ under ticker symbol MRCY and is a key supplier to major defense contractors including Lockheed Martin, Raytheon, and Boeing.
Research and Development
Annual R&D investment: $214.5 million in fiscal year 2023, representing 8.4% of total revenue.
Employee Information
| Total Employees | Headquarters Location | Global Locations |
|---|---|---|
| 4,200 | Andover, Massachusetts | Multiple sites across United States |
Technology Focus Areas
- Secure embedded computing
- Sensor and mission processing
- Modular open system architecture (MOSA)
Who Owns Mercury Systems, Inc. (MRCY)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 4,578,211 | 10.52% |
| BlackRock Inc. | 3,912,456 | 8.99% |
| Renaissance Technologies LLC | 2,345,789 | 5.39% |
Top Institutional Investors
- Dimensional Fund Advisors LP: 2,234,567 shares
- State Street Corporation: 1,987,654 shares
- Franklin Resources, Inc.: 1,456,789 shares
Insider Ownership
Mark Aslett, President and CEO, owns 345,678 shares directly.
Ownership Structure
As of Q4 2023, Mercury Systems, Inc. is a publicly traded company listed on NASDAQ under the ticker MRCY.
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 78.43% |
| Insider Ownership | 2.15% |
| Retail Investors | 19.42% |
Mercury Systems, Inc. (MRCY) Mission Statement
Company Overview
Mercury Systems, Inc. reported total revenue of $2.56 billion for fiscal year 2023. The company is headquartered in Andover, Massachusetts.
Strategic Focus Areas
| Focus Area | Key Metrics |
|---|---|
| Defense Technology | 83% of total revenue derived from defense sector |
| R&D Investment | $245.7 million spent on research and development in 2023 |
| Market Capitalization | $4.62 billion as of January 2024 |
Mission Components
- Provide mission-critical technology solutions for aerospace and defense
- Develop secure processing systems for national security applications
- Innovate advanced computing technologies
Financial Performance Indicators
Fiscal year 2023 financial highlights:
- Net income: $287.6 million
- Gross margin: 47.3%
- Operating cash flow: $412.3 million
Technology Portfolio
| Technology Segment | Revenue Contribution |
|---|---|
| Secure Computing Solutions | 42% of total revenue |
| Sensor and Mission Systems | 38% of total revenue |
| Commercial Business | 20% of total revenue |
How Mercury Systems, Inc. (MRCY) Works
Company Overview
Mercury Systems, Inc. is a defense technology company headquartered in Andover, Massachusetts. As of fiscal year 2023, the company reported annual revenue of $2.42 billion.
Business Segments
The company operates through two primary business segments:
- Defense & Intelligence Solutions
- Commercial & Cyber Solutions
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.42 billion |
| Net Income | $203.1 million |
| Gross Margin | 47.3% |
| Research & Development Expenses | $247.3 million |
Key Technology Areas
Mercury Systems specializes in:
- Secure computing platforms
- Sensor and mission processing
- Cyber security solutions
- Embedded electronics
Market Presence
The company serves multiple defense and commercial markets, with 95% of revenue derived from U.S. government and defense contractors.
Workforce
| Workforce Metric | 2023 Data |
|---|---|
| Total Employees | 4,700 |
| Engineering Staff | Approximately 2,800 |
Stock Information
As of January 2024, Mercury Systems trades on NASDAQ under ticker MRCY with a market capitalization of approximately $4.1 billion.
Key Customers
- U.S. Department of Defense
- Department of Homeland Security
- Intelligence Community
- Major defense prime contractors
How Mercury Systems, Inc. (MRCY) Makes Money
Revenue Streams
Mercury Systems, Inc. generates revenue through the following primary segments:
| Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Defense Electronics | $1.38 billion | 82.3% |
| Commercial Electronics | $297 million | 17.7% |
Product Portfolio
Mercury Systems develops and sells specialized technology solutions for defense and commercial markets.
- Embedded computing systems
- Sensor processing solutions
- Secure mission-critical software
- Cybersecurity technologies
Key Financial Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.677 billion |
| Net Income | $138.5 million |
| Gross Margin | 46.7% |
Primary Customer Base
Mercury Systems primarily serves:
- U.S. Department of Defense
- Intelligence community agencies
- Aerospace and defense contractors
- Commercial aerospace manufacturers
Government Contracts
Mercury Systems secures revenue through multiple government and defense contracts, with 95% of revenue derived from U.S. government-funded programs.
Research and Development
| R&D Investment | 2023 Amount |
|---|---|
| Total R&D Spending | $203 million |
| R&D as Percentage of Revenue | 12.1% |
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