MRCY Shareholder News: Johnson Fistel Encourages Mercury Systems Shareholders with Losses to Contact the Firm Regarding Class Action Investigation

SAN DIEGO, Jan. 14, 2023 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY), any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focus on investors’ losses and whether they may be recovered under federal securities laws.

What if I purchased Mercury common stock? If you purchased Mercury common stock and suffered significant losses on your investment, join our investigation now:

• Click or paste the following web address into your browser to submit your losses: https://www.johnsonfistel.com/investigations/mercury-systems-glass-house-short-report-investigation
  
  Or for more information, contact Jim Baker at [email protected] or (619) 814-4471

There is no cost or obligation to you.

What is Johnson Fistel investigating? On July 26, 2022, Glass House Research released a short report regarding Mercury’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.

What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or [email protected].

Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Telephone: (619) 814-4471
Email: [email protected]