{
  "docId": "019dd923-622c-750b-8b98-8535f99706c6",
  "docSlug": "23f68cb049f9",
  "documentTitle": "Mercury Systems Inc. (MRCY)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Mercury Systems Inc.",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-10-17 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 24,
  "pageCount": 40,
  "prevPage": 23,
  "nextPage": 25,
  "slideType": "section_divider",
  "function": "transition",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "other"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-8535f99706c6/24",
  "deckHref": "/decks/019dd923-622c-750b-8b98-8535f99706c6",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-8535f99706c6.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-8535f99706c6#slide-24",
  "components": [
    {
      "bbox": {
        "h": 0.012,
        "w": 0.518,
        "x": 0.453,
        "y": 0.961
      },
      "kind": "disclaimer",
      "text": "Proprietary and Confidential –May Not Be Distributed or Copied Without Spruce Point Capital Management, LLC Consent",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "de5ae77c-c20e-4f01-9003-b886e948c5c7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.266,
        "w": 0.2,
        "x": 0.073,
        "y": 0.307
      },
      "kind": "image",
      "text": "Spruce Capital Management logo",
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "afb4a550-f6d8-4730-b984-0ea9ad6dd3d0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.054,
        "w": 0.598,
        "x": 0.373,
        "y": 0.436
      },
      "kind": "title",
      "text": "Evidence of Financial Strain In Mercury's Financial Disclosures",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cae94a0b-6954-4ea1-abb1-2cdd9e202f16",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 40,
      "from": 21,
      "beatId": "123c8aca-05a4-4fcf-ad50-fc8ae12c1a98",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Victory",
      "beatSlug": "overcoming-monster-the-victory",
      "evidence": "Conclusion and reiteration of the thesis",
      "position": 2,
      "confidence": 0.7,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 30,
      "from": 24,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "e9f739a6-1fec-41c2-a87d-051150d84795",
      "evidence": "The report discusses the potential financial implications of Mercury's cybersecurity challenges",
      "position": 1,
      "objective": "To highlight the potential consequences of not addressing cybersecurity challenges",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}