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 > Poet customers not the only ones dragging their heels

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Comment by maestrodrumboeon Apr 15, 2024 10:59am

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Post# 35989332

RE:RE:Poet customers not the only ones dragging their heels

Lol..If they were to fess up to all their fails and setbacks,the SP would be down to 50c..
BabaO pretty well gets it..nothing much going on here until 2027..lol

Suppose the "truth" is that management thought things would be really demonstrably great in 2027, but that before that, there is more work to be done, tech-wise and marketing-wise, and their best guess is the share price would likely languish in the meantime. Should they sing that from the rooftops, tank the stock and assure a deadly dilution of the shares to keep the company solvent so as to be able to press on to 2027?

wintersun10 wrote: Why can't Poet share the reason behind the freefall?

Other companies apparently can, why not Poet?

lscfa wrote:
SAN JOSE, Calif., April 15, 2024 /PRNewswire/ -- (TSXV: SEV) (OTCQB: SPVNF)

As previously announced, revenue for the fourth quarter of 2023 was .1 million1, as the Company delayed order fulfillment in the quarter to manage distributor inventories, resulting from slower buildout activity in China. Spectra7 expects 2024 first quarter revenue to be approximately .75 million1, compared to $3.1 million for the first quarter of 2023, as a result of this continuing slowdown.

In its March 5, 2024 press release, the Company stated that it expects commercial production and sale of its industry leading Active Copper Cable ("ACC") semiconductor products in the second half of 2024. The Company also stated that it intended to effect a private placement of equity securities to provide working capital to support the production ramp of its new ACC semiconductor products, as well as general corporate purposes. The Company has not yet been able to complete a private placement of securities for these purposes, which has resulted in existing cash levels that will support operations only through the end of April 20242.

As a result, the Company's Board of Directors has initiated a process to explore a range of strategic alternatives to address its current liquidity position and focus on maximizing shareholder value. These alternatives could include, but are not limited to, emergency funding, a restructuring of the Company's capital, a sale of the Company, a merger or other business combination. There can be no assurance that the Company will be able to raise additional funding on terms favorable to the Company, if at all.

The Company has engaged Craig-Hallum Capital Group, a leading financial advisory firm, to assist in this comprehensive review.

"Spectra7's Board of Directors and management team are committed to exploring all strategic options to ensure the long-term success and sustainability of our business," said Ron Pasek, Chair of Spectra7's Board. "We believe that by pursuing these alternatives, we will identify the best opportunities to enhance value for our shareholders and strengthen our financial position."

The Company will continue to focus on its operational responsibilities and commitments to all stakeholders including employees, customers and suppliers.