Voyager Q2 net sales up 25% to $45.7M; net loss $31.4M; IPO proceeds $409.4M

Voyager Technologies, Inc./DE

2025-Q2 EPS reported -$3.16 revenue$80,181,000

Record net sales $45.7M (+25% YoY); Defense & National Security segment grew 85% to $35.2M.
Net loss $31.4M; diluted loss per share $1.23; non-GAAP adjusted loss per share $0.60.
IPO net proceeds $409.4M; quarter-end cash $468.9M; total liquidity $668.9M, debt-free.
Starlab achieved four NASA milestones, received $22.5M; acquired Optical Physics Company.
FY2025 guidance: net sales $165-170M, adjusted EBITDA loss $60-63M.

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