POET Technologies Ord Shs POET

Primary Symbol: V.PTK

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 > New Press Release - POET Technologies Reports Second Quarter 2024 Financial Results

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Comment by wintersun10on Aug 14, 2024 6:54pm

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Post# 36179501

RE:RE:RE:New Press Release - POET Technologies Reports Second Quarter 2024 Financial Results

Poet was on track to bancruptcy, so i would not hold this against Poet. Rather it underlines the precarious situation Poet was in. Inspite of the 90% haircut Poet managed to raise cash. Of course much of the damage was self inflicted. But they needed to answer the question WHERE IS THE MEAT? Foxconn was the meat, it turned out.

lscfa wrote: explains why last Nov guidance is no longer any good...

Nov 6, 2023 - Non-recurring engineering (NRE) payments for custom designs and initial sales of engines and modules in the AI hardware market are expected to provide multiple single-digit millions in revenue to POET in 2024 and lock-in significant growth in 2025 and beyond, both from the pull of the massive growth in the market and from the products we expect to introduce to meet the demand.

lscfa wrote: cowards did not disclose this....

"POET offered not to charge FIT NREs in exchange for being allowed to use its name on the press release thinking it was well worth it in establishing credibility and as a positive for marketing."

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