Voyager Technologies, Inc./TX — Form 8-K
Filed November 2, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Voyager Technologies reported Q3 2026 net sales of $89.0M (124% YoY growth), record bookings of $116M (135% YoY), and record backlog of $742M (293% YoY, including $347M from Astrobotic acquisition). The company raised full-year 2026 revenue guidance to $285M–$305M (from prior $275M–$305M), representing 72–84% YoY growth. Despite strong top-line performance, the company posted a net loss of $(55.7)M ($(0.91)/share) in Q3 and $(146.2)M for nine months, with Adjusted EBITDA loss of $(44.9)M, driven by investments in manufacturing capacity, R&D (36.9% of sales ex-Starlab), and integration of acquisitions. Cash position strengthened to $553.6M.
Why this rating
Strong revenue/bookings growth and expanded backlog provide multi-year visibility; guidance raise signals management confidence. However, company remains deeply unprofitable with 9-month loss of $146M on $177M revenue (82% loss margin), free cash flow negative $(187M), and gross margin compression (11.5% vs 15.4% YoY). Backlog of $742M vs ~$2.0B market cap is meaningful but unprofitability and R&D burn are material headwinds offsetting growth upside.
Price action (we called it positive)
before filing · preread $25.64 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
See more from November 2, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.