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 > Working capital

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Post by maestrodrumboeon Nov 15, 2024 12:31am

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Post# 36314248

Working capital

by the end of the year WC will have shrunk to around 16-17 Million
The Company’s cash balance as of September 30, 2024 was $41.8 million. Working capital was $23.6 million. Working capital included non-cash current liabilities related to derivative warrant liabilities of $18.9 million.
Management stuffing themselves with more cheap options
Stock Option Grant (nice)
On November 13, 20,24 the board of directors of the Company approved the grant of 450,000 stock options to purchase common shares to certain officers and employees of the Company. The stock option grant includes the award of 350,000 stock options to certain officers of the Company and 100,000 to other employees.The stock options granted have an exercise price of C$5.57, being the closing price of the Company’s stock on the TSXV on November 12, 2024, are exercisable for 10 years following the grant and will vest in accordance with the Company’s Omnibus Plan. Overall,pretty nice performance for mamnagement