POET Technologies Inc. V.PTK

New Press Release - POET Technologies Reports Third Quarter 2023 Financial Results

TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial...read article.

[ark88]

Here's the beef: 2024 should set the stage for what we expect will be accelerated growth in 2025 and 2026, driven by a large projected demand in high-speed transceivers for AI, combined with our innovative product introduction roadmap." This means serious capex thru 2024....then "expect" growth in 2025 and 2026.  Meanwhile, at the ranch these boys took $1.3mil in stock

[ark88]

So, it would seem to me that we need $20mil. Min from the financing, as a best case scenario. @$1.5 USD plus 1 warrant, we're looking at 26 mil shares total. Ideally, a $30 mil raise is preferable. Difficult days ahead.

[ark88]

Quarterly loss of $5.1mil. Roll that out over 2024 and you're looking at $20mil minimum. What's disturbing is they expect growth not just in 2025 but he also mentions 2026. Meaning he's not sure. Unbelievable. The BOD seriously need to act or this is done

[maestrodrumboe]

For those that still don't realize the crital point of Poet's situation,read managements comments in the MD&A.At least they are starting to come clean now They are not even close to any meaningful Revenue, which by SV's own words,is stll 2-3 years away,I thought they boast that the teck is the best in its class and yet they now admit that they have fierce competition? Really!! Just

[ark88]

This now has a destiny with a dollar. It will either finance at that level and live to fight another day or die a slow death. My bet is it will find the money, but we're probably looking at doubling the share count when it's all said and done, including the warrants and options. And just like that we are right back where we started before the RS.

[maestrodrumboe]

Fantasyland dreamers are about to find out what is meant by the word D I L U T I O N. There should be little wonder,as to  why the SP has lost more than 60% of its value over the past two weeks.

[maestrodrumboe]

Yup!! 2026 will be the year of the Poet..Honest! ..Management aint proud...lol..They will soon have access to millions $$$$$ more options, from the massif dilution coming our way...LMSO

[helpful1]

Guys should take $0 until the company is on solid footing & are at a break easy. Where are new customers & let's see some big orders. SPX is skin in the game because they are doing the production for POET so perhaps they can in ject funds to improve POET'S Balance Sheet.I remember C.E.O'S take zero compensation until company is cash positive give that some thought.

[gilver]

If the company should ever get boxed into a corner, it would be a good gesture by management to do that if it ever becomes necessary to provide short term finanicial relief if the bridge between financings to revenue takes a little longer than planned. So that makes sense in such a situation, helpful1. Hopefully, it never comes down to that. gilver

[lscfa]

Letter to shareholders from 2016 Also in support of our efforts to prudently manage financial resources, we are implementing cost reduction measures, including a temporary decrease in salaries of all POET executives in the U.S. These actions will help to preserve cash and maximize the amount of resources available to fund technology development. https://agoracom.com/ir/POETTechnologies