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.

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POET Technologies Ord Shs > Rockley

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Comment by wintersun10on Jan 25, 2023 9:41am

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Post# 35244833

RE:RE:RE:RE:Rockley

For starters they will lose their over 100 mln debt and interest payments. they will lose any fixed costs.
The possibility remains a partner, competitor sees value. after all, Rockley convinced a lot of money they had something good going. if somebody can pick that up below cost, why would they not do that?
There is a possibility there will be no buyers, but we cannot say now that will be the case.

After all just the customer list could be of interest to some.

Liesstophere wrote:
There you go, losing 24 million per quarter, I'm sure someone can do it and only lose 10 million per quarter. They'll be lining up for this one.

if you saw their appearance at the Epic photonics conference when they were looking for partners to help them come up with solutions , you would have known then, they had serious problems.

In its most recent quarterly earnings report, dated Nov. 10, 2022, and covering the quarter ended Sept. 30, 2022, Rockley posted total assets of $90.9 million, down from $162.8 million at year-end 2021. The company’s reported liabilities rose from $59 million to $120.7 million over the same period.