Zacks.5.60 per shear by 2026Everybuddy should be at least at Break even, in just 3 years..
At least they aknowledge the many setbacks.Plus been exactly 4 weeks since they announced the mysterious financing and Not a word for management.Looks like POET's Woes are just beginning.They hanging on by the seat of their pants..lol..
Excruciating to hear the Bad News.but it is what it is.Ouch..lol
Q3 showed no revenues and we expect no revenues again in Q4. While we still expect NREs to be generated going forward from customers other than Celestial AI (who has moved to the product stage) none will be booked in Q4. We now expect POET (NASDAQ:POET) to start selling Interposer wafers in volume to SPX in Q1’24. Celestial AI will begin to take in completed light source modules toward the end of 2024. POET is about to send Celestial AI alpha samples of a new design it requested. Celestial AI is working with Samsung to design light-enabled memory drives for AI applications. POET is talking to all of the other AI hardware players including Lightelligence in China, Light Matter, and Ayar Labs.
https://finance.yahoo.com/news/poet-revenues-slip-interest-increases-092700400.html