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DENVER - Voyager Technologies Inc. (NYSE:VOYG), a $2.06 billion market cap defense technology company whose stock has declined over 37% in the past six months, has acquired ElectroMagnetic Systems, Inc. (EMSI), a California-based developer of AI and machine learning software for space-based radar systems, according to a press release statement. According to InvestingPro data, the company maintains a strong liquidity position with cash exceeding debt levels.
EMSI specializes in automated target recognition software and intelligence analytics, with particular expertise in synthetic aperture radar and inverse synthetic aperture radar technologies. The company develops radar simulation software that generates training imagery to enhance automated target recognition performance.
"EMSI’s technology enables us to deliver actionable intelligence at machine speed in increasingly contested environments," said Dylan Taylor, CEO of Voyager Technologies.
The acquisition aligns with Voyager’s focus on AI-native systems for defense and intelligence applications. The company aims to provide real-time monitoring capabilities across ground, air, and space domains for both defense and commercial markets.
Brian Lamb, founder, president and CEO of EMSI, stated that the combination would allow expansion of their offerings with machine learning and AI to deliver advanced imaging and automated target recognition.
EMSI’s solutions are designed for both constrained onboard systems and third-party radar environments, according to the announcement.
Voyager Technologies describes itself as a defense and space technology company focused on delivering mission-critical solutions. The financial terms of the acquisition were not disclosed in the press release.
In other recent news, Voyager Technologies Inc. announced its Q2 2025 earnings, reporting a revenue of $46 million. This figure represents a 25% increase compared to the same period last year. Despite the revenue growth, the company reported an adjusted earnings per share (EPS) loss of $0.60. The financial results raised concerns about profitability, overshadowing the company’s strong performance in the defense and national security sector. These developments have caught the attention of investors and analysts alike. The company’s stock experienced a notable drop in premarket trading following the earnings report. Voyager Technologies’ operational losses remain a point of concern for stakeholders. The recent financial disclosures have led to increased scrutiny from the investment community. Analysts continue to monitor the company’s performance closely, considering the mixed signals from its latest earnings report.
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