Voyager Technologies is positioned for upside, with shares recovering to $23 and a bullish outlook tied to Starlab milestone payments. Starlab's transition to hardware manufacturing and the upcoming Critical Design Review are pivotal, likely triggering $25–40 million in Q4 milestone payments. VOYG's robust $413 million cash balance and minimal debt mitigate near-term financing risk despite negative EBITDA and net losses.
Voyager Technologies, Inc. ( VOYG ) Q3 2025 Earnings Call November 4, 2025 9:00 AM EST Company Participants Adi Padva Dylan Taylor - Co-Founder, Chairman & CEO Filipe de Sousa - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies LLC, Research Division Kristine Liwag - Morgan Stanley, Research Division Gregory Dahlberg - Wolfe Research, LLC Alexander Christian Preston - BofA Securities, Research Division Michael Leshock - KeyBanc Capital Markets Inc., Research Division Presentation Operator Good morning, and welcome to the Voyager Technologies Third Quarter 2025 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Adi Padva, Senior Vice President, Corporate Development and Investor Relations.
Although the revenue and EPS for Voyager Technologies, Inc. (VOYG) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.