SAN FRANCISCO, Jan. 13, 2023 (GLOBE NEWSWIRE) — Hagens Berman is urging Mercury Systems, Inc. MRCY Investors who have suffered significant losses Submit your losses now.

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Mercury Systems, Inc. (MRCY) Investigation:

The investigation focuses on the accuracy of Mercury’s reported financial results.

Mercury’s earnings first came into question on July 26, 2022 at an investment research firm greenhouse research Coverage of Mercury began with a strong sales report titled Roll-Up Mercury Systems Set to Unravel, which concluded that Mercury’s management had used “accounting tricks to hide true economic gains while simultaneously averting the decline of its.” core company”.

Glasshouse alleges in part that: (1) Mercury’s reported organic earnings are grossly overstated; (2) the acquisition of Physical Optics Corporation “was a disaster”; (3) “[m]Management has pre-announced revenue from key projects that are unsustainably increasing both revenue and earnings;” (4) “[p]Program delays and shortages of critical parts have wreaked havoc on inventories, which will negatively impact margins going forward; (5) the company has “grossly overstated” its free cash flow “as the company has encouraged its suppliers to conserve cash”; and (6) skyrocketing unbilled receivables “suggest a $110 million pull-forward in revenue.”

Then, on August 2, 2022, Mercury reported disastrous fourth-quarter 2022 financial results, broadly missing analyst consensus estimates. The company primarily blamed material and order delays, quarterly supply disruptions, long lead times for high-end semiconductors, and shipping delays.

Each of these events drove Mercury stock down significantly.

“We’re focused on investors’ losses and whether Mercury trimmed its books,” said Reed Kathrein, the partner at Hagens Berman who led the investigation.

If you have invested in Mercury Systems and are suffering significant losses or…