Voyager Q2: $45.7mln sales, 25% YoY growth, $31.4mln net loss, $409.4mln IPO.

• Voyager Technologies reports Q2 2025 financial results • Raises $409.4 million in IPO, net of underwriting fees • Delivers record net sales of $45.7 million, up 25% YoY • Starlab meets four NASA milestones, receives $22.5 million • Incurrs net loss of $(31.4) million, non-GAAP adjusted EBITDA of $(9.1) million

Title: Voyager Technologies Reports Q2 2025 Financial Results

Denver, Colorado — Voyager Technologies, Inc. [NYSE: VOYG] announced its financial results for the second quarter of 2025, marking a significant milestone in the company's growth trajectory. The company successfully completed its Initial Public Offering (IPO), raising $409.4 million net of underwriting fees. This funding will be crucial for the company's future growth and strategic initiatives.

Financial Highlights

- Net Sales: Voyager reported record net sales of $45.7 million for the quarter, representing a 25% year-over-year (YoY) increase. This growth was driven by a 85% increase in net sales from the Defense and National Security segment, which saw sales rise to $35.2 million. The Space Solutions segment, however, experienced a decline of 45% YoY, dropping to $11.1 million primarily due to the completion of a multi-year service contract with NASA.

- Starlab Milestones: The Starlab Space Stations segment achieved four key milestones and received $22.5 million in cash from NASA. This significant funding reflects the strong progress and continued momentum of the project.

- Net Loss and EBITDA: Despite the impressive sales growth, Voyager incurred a net loss of $(31.4) million for the quarter, including non-recurring costs associated with the IPO. The non-GAAP adjusted EBITDA was $(9.1) million, indicating a significant financial strain.

- Liquidity Position: The company closed the quarter debt-free with $468.9 million in cash and cash equivalents, and a total liquidity of $668.9 million, including $200 million undrawn on a revolving credit facility.

Acquisition and Innovation

Voyager Technologies also announced the acquisition of Optical Physics Company to strengthen its optical guidance technology. This strategic move aligns with the company's long-term strategy to drive organic and inorganic growth initiatives.

Outlook

For the full year 2025, the company expects total net sales in the range of $165 million to $170 million and non-GAAP Adjusted EBITDA in the range of $(63) million to $(60) million. These estimates are subject to various risks and uncertainties, including changes in government spending, market conditions, and regulatory environments.

Conference Call

Voyager Technologies will host its second quarter 2025 earnings conference call on Tuesday, August 5, 2025, at 9 a.m. ET. The call will be hosted by CEO Dylan Taylor, CFO Phil De Sousa, and Senior Vice President Adi Padva. A live webcast and replay will be available on the company's Investor Relations website.

About Voyager Technologies

Voyager Technologies is a defense and space technology company dedicated to delivering transformative, mission-critical solutions. By tackling complex challenges, the company aims to unlock new frontiers for human progress, fortify national security, and protect critical assets from ground to space.

References

[1] https://www.stocktitan.net/news/VOYG/voyager-reports-second-quarter-2025-financial-20n68fyfcajs.html