Voyager Technologies Inc (NYSE:VOYG) had a quarter worth writing home about, and investors responded by pushing the stock up more than 13% in after-hours trading on Monday. The space and defense company reported second-quarter revenue of $52.75 million, beating analyst estimates of $48.23 million, according to market data. Adjusted loss came in at 70 cents per share, better than the expected loss of 91 cents.
Revenue jumped 51% compared to the first quarter, and the company touted record quarterly bookings of $113 million and a record total backlog of $335.5 million at quarter's end. That backlog is a nice indicator of future revenue, and it's growing fast.
CEO Dylan Taylor was clearly pleased, saying: "Voyager had a defining quarter — record revenue, record bookings and record backlog, the acquisition of Astrobotic Technology, and increased full-year guidance — reflecting exceptional execution against accelerating demand across defense modernization, national security and space."
The company also has a healthy cash position, ending the quarter with approximately $373.44 million in cash and cash equivalents. That gives it plenty of runway to pursue its ambitions.
Looking ahead, Voyager raised its full-year 2026 revenue guidance to a range of $275 million to $305 million, up from prior guidance of $230 million to $255 million. Analysts had been expecting $240.89 million, so this is a significant upgrade.
Executives will discuss the quarter in more detail on an earnings call Tuesday morning at 9 a.m. ET. Investors will be listening for more color on the Astrobotic acquisition and what's driving the demand surge.
At the time of publication on Monday, Voyager shares were trading at $31.70 in after-hours, up 13.17%. The stock's move suggests the market likes what it sees, and with record bookings and a raised outlook, there's a lot to like.
