POET Technologies Ord Shs V.PTK

Alternate Symbol(s): POET

Technology Semiconductors

POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. Its Optical Interposer-based products consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition, it has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Its Optical Interposer platform solves device integration challenges across a range of communication, computing and sensing applications.

TSXV:PTK - Post by User

POET Technologies Ord Shs

Bullboard Posts

Comment by MiddleGroundon Aug 14, 2014 1:12am

286 Views

Post# 22840076

RE:RE:12 million

The only thing that can slow this down is another fire but that was the best chance to get in cheap!

sevenOdouble wrote: You should change your name into brainless with statments like this:
"12 million dollar is a drop in a bucket in todays stocks" LOL

Liquidity and Capital Resources
The Company had working capital of $12,515,922 on June 30, 2014 compared to $3,272,349 on December 31, 2013. The increase and maintenance of the higher working capital was due to the $4.5 million dollars of financing completed on February 13, 2014 in addition to the $6.9 million dollars raised through the exercise of stock options and warrants in the period. The Company continues to raise capital through the exercise of stock options and warrants. Between January 1, 2014 and August 13, 2014, the Company received over $8 million dollars from the exercise of stock options and warrants. The Company has no significant operational or capital commitments. The Company continues to attract the interest of investors who have financially supported the Company and its efforts.

The Company’s balance sheet as at June 30, 2014 has assets with a book value of $13,780,798 (2013 - $4,557,844) of which 93% (2013 - 79%) or $12,754,319 (2013 - $3,528,376) is current and primarily cash of $12,695,936 (2013 - $3,260,967). This liquid and unencumbered balance sheet has allowed a flurry of activity already undertaken and further expected in the year, including but not limited to achieving technical and operational milestones.

Based on current plans and cash utilization the Company believes it has sufficient liquidity to support its operations and technological programs over at least the next 24 months.