Investigation Overview
An investigation on behalf of investors of Mercury Systems, Inc. (NASDAQ: MRCY) shares over potential securities laws violations by Mercury Systems, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Mercury Systems, Inc. (NASDAQ: MRCY) concerning whether a series of statements by Mercury Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Mercury Systems, Inc. provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Mercury Systems, Inc. reported that its Total Revenue rose from $270.15 million for the 12 months period that ended on June 30, 2016 to $408.58 million for the 12 months period that ended on June 30, 2017 and that its Net Income increased from $19.74 million in 2016 to $24.87 million in 2016.
Shares of Mercury Systems, Inc. (NASDAQ: MRCY) reached in late 2017 as high as $53.80 per share.
On April 24, 2018, after the market closed, Mercury Systems released its Q3 2018 financial results.