Should You Consider Buying This Small Cap Stock-VOYG

Acrobull UK Advisory Services Ltd.

September 12			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Voyager Technologies Inc.	VOYG-NYSE	Industrials		$1.769 Billion	Medium

Voyager Technologies, Inc. is a global leader in defense technology and space solutions, with operations spanning the United States, Europe, the Middle East, and other international markets. The company is structured into three key divisions: Defense & National Security, Space Solutions, and Starlab Space Stations.

Recent Highlights

CEO Statement-They delivered strong growth this quarter by staying focused on their core strengths and sharpening execution, achieving record quarterly net sales of $45.7 million,” said Voyager Technologies CEO Dylan Taylor. “The results reflect the team’s ability to drive smart investments, strong execution, and operational discipline, while simplifying how they work.

They are also advancing execution and progress at Starlab by achieving critical milestones, which generated $22.5 million in cash proceeds from NASA. In addition, they delivered 85 percent net sales growth in the Defense and National Security segment, supported by strategic programs such as the Next Generation Interceptor, positioning them to capture high-impact growth opportunities ahead.

Second Quarter 2025 Financial Highlights

During the quarter, it delivered record net sales of $45.7 million, representing 25 percent year-over-year growth, with particularly strong performance from the Defense and National Security segment, which expanded by 85 percent.

The Starlab program advanced significantly, achieving four NASA milestones and contributing $22.5 million in milestone-related cash proceeds.

The Company reported a net loss of $31.4 million, a dilutive loss of $36.6 million, and a loss per diluted share of $1.23, results that included non-recurring expenses associated with the IPO.

On a non-GAAP basis, the Company recorded an adjusted EBITDA loss of $9.1 million, an adjusted net loss of $18.0 million, and an adjusted loss per share of $0.60.

The quarter closed with a strong balance sheet, as the Company remained debt-free with $468.9 million in cash and cash equivalents and total liquidity of $668.9 million, including $200 million available under its undrawn revolving credit facility.

Stock Observation- During the quarter, the Company delivered record net sales of $45.7 million, representing 25 percent year-over-year growth, with particularly strong performance from the Defense and National Security segment, which expanded by 85 percent. Looking ahead, the Company believes these results demonstrate the strength of its strategy and its ability to capture future growth opportunities; however, continued performance will depend on execution, market conditions, government funding priorities, and other factors outside the Company’s control.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$30.00 USD
Acrobull Recommendation	Buy at $29.00
Target Price	Target $33.35 USD
RSI Level	14 Day RSI 44
Total Shares Outstanding	53.21 Million
Shares Held by Insiders Shares Held by Institutions Risk Factor Stop Loss	16.73% 33.35% Medium 5%