Investigation announced for Investors in NASDAQ: MRCY shares over possible Wrongdoing at Mercury Systems, Inc.

An investigation on behalf of investors in shares of Mercury Systems, Inc. (NASDAQ: MRCY) was announced over potential breaches of fiduciary duties by certain officers and directors at Mercury Systems, Inc.

Investors who purchased shares of Mercury Systems, Inc. (NASDAQ: MRCY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Mercury Systems, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Andover, MA based Mercury Systems, Inc., a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Mercury Systems, Inc. reported that its Total Revenue rose from $923.99 million for the 12 months period that ended on June 30, 2021, to $988.19 million for the 12 months period that ended on June 30, 2022 and that its Net Income over those respective time periods declined from $62.04 million to $11.27 million.

On July 26, 2022, Glass House Research released a short report regarding Mercury Systems, Inc's operations. The report states, "Based on our analysis, we believe that much of the recent sales growth was attributable to prematurely recognizing revenue. With respect to the company's already diminished cash flow figures, we believe stated free cash flow fails to consider the company's delay of payment to suppliers and the massive amount of cash spent on acquisitions. When including these items, free-cash-flow would have been abysmal for FY2022 and prior". Following this report, Mercury's stock price fell sharply.

Shares of Mercury Systems, Inc. (NASDAQ: MRCY) declined from $72.28 per share on March 07, 2022, to as $44.04 per share on August 03, 2022.

Those who purchased shares of Mercury Systems, Inc. (NASDAQ: MRCY) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.