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Mercury Systems Reports Third Quarter Fiscal 2013 Results

Business Outlook

This section presents our current expectations and estimates, given current visibility, on our business outlook for the current fiscal quarter. It is possible that actual performance will differ materially from the estimates given, either on the upside or on the downside. Investors should consider all of the risks, with respect to these estimates, including those listed in the Safe Harbor Statement below and in our periodic filings with the U.S. Securities and Exchange Commission, and make themselves aware of the risk factors that may impact our actual performance.

For the fourth quarter of fiscal 2013, revenues are currently forecasted to be in the range of $48 million to $54 million. At this range, GAAP net loss per share is expected to be in the range of a net loss of $0.07 to $0.13 per share. Projected GAAP net loss per share includes $0.05 per share associated with forecasted amortization of acquired intangible assets.

Adjusted EBITDA for the fourth quarter of fiscal 2013 is expected to be in the range of $0.1 million to $3.0 million.

Recent Highlights

March – Mercury applauded BAE Systems Maritime Services on achieving a critical program milestone with the recent successful installation of its Advanced Radar Target Indication Situational Awareness and Navigation (ARTISAN) medium-range 3D naval surveillance radar on the HMS Iron Duke Type 23 frigate. Mercury's application-ready subsystems (ARS) comprise the signal processing element of the ARTISAN system.

March – Mercury announced it received a $2.0 million follow-on order from a leading defense prime contractor for rugged high-performance digital signal processing modules for an airborne synthetic aperture radar (SAR) application.

February – Mercury announced it received $3.2 million in follow-on orders from a leading defense prime contractor for digital signal processing modules for an unmanned airborne SAR application.

February – Mercury congratulated Lockheed Martin on the successful performance of its Aegis Ballistic Missile Defense (BMD) system during the U.S. Missile Defense Agency's Flight Test Standard Missile-20 exercise recently conducted near the Pacific Missile Range Facility, on Kauai, Hawaii. Mercury's ARS are integrated as core technologies in the second-generation Aegis BMD system.

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