Quarterly ResultMay 5, 2026, 01:19 PM
Voyager Technologies Q1 Net Loss $45.9M; Cash $429.4M
AI Summary
Voyager Technologies, Inc. reported a net loss of $45.9 million for the three months ended March 31, 2026, an increase from $27.9 million in the prior year. The company's cash and cash equivalents decreased to $429.4 million from $491.3 million at year-end 2025, with significant cash used in operating and investing activities. The company also commenced a new facility lease in Long Beach, California, to expand its capabilities.
Key Highlights
- Q1 2026 net loss was $45.9 million, compared to $27.9 million in Q1 2025.
- Net sales for Q1 2026 increased slightly to $35.2 million from $34.5 million in Q1 2025.
- Company reported a gross loss of $1.5 million in Q1 2026, down from a gross profit of $5.6 million in Q1 2025.
- Cash and cash equivalents decreased to $429.4 million as of March 31, 2026, from $491.3 million.
- Net cash used in operating activities was $39.7 million in Q1 2026, up from $14.4 million in Q1 2025.
- Total assets were $1.02 billion and total liabilities were $619.2 million as of March 31, 2026.
- Commenced a new facility lease in Long Beach, California, adding $24.1 million in lease assets and liabilities.
Price Impact
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