Q4 2025 Voyager Technologies Inc Earnings Call Transcript
Key Points
- Voyager Technologies Inc (VOYG) reported a significant 59% year-over-year growth in its Defense and National Security segment, driven by programs like the Next Generation Interceptor.
- The company raised over $1 billion in 2025, including a successful IPO, strengthening its liquidity for innovation and strategic growth initiatives.
- Voyager Technologies Inc (VOYG) has a record backlog of $266 million, a 33% increase year-over-year, providing strong revenue visibility for 2026.
- The company has fully reserved the commercial payload capacity for its Starlab project, indicating strong customer demand and future revenue potential.
- Voyager Technologies Inc (VOYG) is expanding its innovation ecosystem through strategic partnerships with universities and other organizations, enhancing its research and development capabilities.
- Adjusted EBITDA for the fourth quarter was a loss of $21.8 million, reflecting increased investments in innovation, talent acquisition, and corporate infrastructure.
- The Space Solutions segment saw a 29% year-over-year decline in net sales due to the conclusion of a multi-year NASA services contract.
- Adjusted EPS was a loss of $0.37 for the fourth quarter, compared to a loss of $2.09 in the prior year, impacted by a higher share count following the IPO.
- Voyager Technologies Inc (VOYG) anticipates continued EBITDA losses in 2026 as it invests heavily in research and development and scales its operations.
- The company faces challenges in scaling its production capacity to meet the increasing demand for its propulsion technology and other defense-related products.
Welcome to the Voyager Technologies fourth quarter and full-year 2025 financial results conference call. (Operator Instructions)
I would now like to turn the conference over to your first speaker today, Adi Padva, Senior Vice President, Corporate Development and Investor Relations. Mr. Padva, the floor is yours.
Thank you, and good morning, everyone. Iâm joined today by Dylan Taylor, our Chairman and Chief Executive Officer; and Phil De Sousa, our Chief Financial Officer. Todayâs call includes forward-looking statements, which involve risks and uncertainties detailed in our earnings materials and SEC filings, including the Risk Factor section of our IPO prospectus.
We undertake no obligation to update these statements. We will also discuss non-GAAP financial measures. Reconciliation of these measures is available in our earnings materials on our website.
I will now turn the call over to Dylan to begin with slide three.
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