POET Technologies Inc. V.PTK

New Press Release - POET Technologies Announces ZKTel as Customer and Collaborator

TORONTO, Jan. 03, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication and artificial intelligence...read article.

[lscfa]

Customer A?   $20M revenue to SPX over 3 years.

[ark88]

So, where's the $75 million revenue for 2H 2023? How incompetent can one be to miss not one but all 3 customers revenue projections?

[wintersun10]

For one, the plant to make the gadgets does not exist yet, for starters. Ofcourse could be a chicken or eggs situation. No orders, no need for a plant. You know what? You know who could clarify this? One guess! POET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Poet needs a real CEO.

[maestrodrumboe]

No Chicken, unfortunately for us  shearholders,it turned out to be an all an egg situation and its all over their faces..lol

[ark88]

Yup. You know the way things are wrapping up, when POET issues news of the mega deal with a Tier 1 company it'll be with a number 1 telecom/e-commerce company in Inner Mongolia.

[gilver]

Inner Mongolia? Well as long as it is near their Ivanhoe gold mine alrighty then. gilver

[lscfa]

Plant expansion as we speak...   POET's JV, Super Photonics Xiamen, Expands Production Capacity to Support Customer Demand V.PTK | October 5, 2023 TORONTO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and

[wintersun10]

Finally. They have been talking production or production ready for years, without a plant. That is exactly the issue. Too much talk, too little relative updates.

[wintersun10]

All they did with this announcement, remind us of all the fizzled announcements. Is a New Years tradition now to announce stuff in 6 to 9 moths that everybody forgets about in 6 to 9 months. How about announce, yeah our plant is ready for mass production(give qty and $). Samples....in 6 to 9 months. That is the best they can do? They are better off just claiming we make the internet faster

[spygate]

Name Position Tenure Compensation Ownership   Suresh Venkatesan Executive Chairman & CEO 8.6yrs US$913.33k 0.11% $ 56.1k   Vivek Rajgarhia President & GM 4.2yrs US$608.92k 0.0035% $ 1.8k   Thomas Mika Executive VP 7.2yrs US$555.67k 0.065% $ 32.4k   Kevin Barnes VP of Finance & Administration 7.2yrs US$304.98k 0.028% $ 13.9k  

[maestrodrumboe]

lol...that pretty well says it all. Management payroll is over $5.5 Mill Cad. add the other board members and you are well over 6 mill.per year.and that's not counting the Millions in options,albeit,which are mostly worthless at the moment.but not to worry,they will replace them with  much cheaper options SOON..imo lol  

[helpful1]

These are all the guys that should take an immediate pay cut to$1 per year till company is back in the green.Does any other shareholders think this is jusified? Poor performance should be dealt with swiftly.They have under deilvered so that is the only penalty they understand.Management does not return any kind of response to their shareholders not even their public relations team.How

[ark88]

By their won nimbers, $75 million revenue was projected from 3 customers in 2023. Not one of them panned out. Please someone explain to me how we are supposed to believe any of their projections going forwad?

[wintersun10]

Mindboggling, standout performance by Vivek(not the standout you want).

[wintersun10]

Prime example of why no news is gonna help Poet. They first have to establish a track record of accurate announcements. At this point all announcements have fizzled. OK, that can happen a delay here or there. Maybe expected. However Poet REFUSES to follow up on their fizzled announcements. At least update customers with the status of orders. Without updates, we get to guess. My guess, all