Voyager Technologies, Inc.

Voyager Technologies, Inc. reported a net loss of $112.3 million for fiscal year 2025, with net loss attributable to the company at $104.8 million. Revenue from net sales was $166.4 million, but the company incurred significant operating expenses, resulting in a loss from operations of $108.5 million. The company maintained a strong liquidity position with $491.3 million in cash and cash equivalents and total assets of $1.05 billion. Cash flow from operations was negative at $60.9 million, primarily due to the net loss, while financing activities provided $757.8 million, largely from equity and debt issuances including the IPO. The company's balance sheet shows total liabilities of $620.9 million and total equity of $429.5 million.

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