Pomerantz LLP is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ: MRCY). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Mercury and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 24, 2018, Mercury announced its financial and operating results for the quarter ended March 31, 2018. With respect to its free cash flow for the quarter, Mercury reported a net outflow of $2.6 million, compared to a net inflow of $11.9 million for the same period in the prior year. In a conference call discussing Mercury's quarterly results, the Company's Chief Financial Officer stated that Mercury had been aware for the "last couple quarters" of certain customer trends in managing cash in their accounts payable and of Mercury's need to reduce account payables related to its inventory build, both of which directly impacted Mercury's cash flow for the quarter ended March 31, 2018. Following this news, Mercury's share price fell $8.02, or 18.68%, to close at $34.91 on April 25, 2018.