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 > Tick Tock

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Comment by maestrodrumboeon Nov 14, 2024 5:26pm

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RE:RE:Tick Tock

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The Company reported a net loss of $12.7 million, or ($0.20) per share, in the third quarter of 2024 compared with a net loss $5.1 million, or ($0.13) per share, for the same period in 2023 and a net loss of $8.0 million, or ($0.14) per share, in the second quarter of 2024. The net loss in the third quarter of 2024 included research and development costs of $1.8 million compared to $2.0 million for the same period in 2023 and $2.1 million in the second quarter of 2024. Fluctuations in R&D for a company of this size and this stage of growth are expected on a period-over-period basis as the Company transitions from technology development to product development.

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