Voyager Technologies reports 51% sequential revenue growth and a 22% backlog increase, prompting a bullish stance from Jim Cramer.
Jim Cramer endorsed Voyager Technologies (NYSE:VOYG) over Rocket Lab (NASDAQ:RKLB), citing Voyager’s robust second-quarter performance. The company reported a 51% sequential revenue increase, a narrower-than-expected loss, and a 22% jump in backlog.
Voyager’s earnings, reviewed during an August 4 interview with management, highlighted expanding government defense contracts and accelerating demand. The company raised its full-year revenue forecast, attributing growth to faster-than-expected contract conversions.
Cramer dismissed Rocket Lab as speculative, emphasizing Voyager’s stronger fundamentals and backlog growth as key differentiators in the space and defense sector.