POET Technologies Ord Shs POET

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

Tier One Design Wins and Strong Balance Sheet Support Penetration into AI Networks TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated...read article.

[lscfa]

another reason to stop doing equity issues with warrants -- distorts accounting income away from economic reality.... The Company reported non-cash fair value adjustment to derivative warrant liability of $1.4 million in the second quarter of 2024, compared to nil in the same period in 2023 and $0.6 million in the first quarter of 2024. This non-cash item relates to warrants issued in a foreign

[lscfa]

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." Zacks Report

[lscfa]

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

[wintersun10]

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.

[maestrodrumboe]

Lol..with 8 mill loss for the Q,double over last year Q2..they still are right on track for bankruptcy .the bleeding has already begun in after hours trading. Another precious buying opportunity for the Slongs..lmSSo

[maestrodrumboe]

Wonder how that worked out..lmSo

[lscfa]

I think these bozos are burying OI sales to SPX in R&D expenses as a net no.  Also, there's nothing stopping co. from disclosing SPX revenues even if SPX has not yet completely reversed it prior losses and starting contributing to equity position of Poet.

[lscfa]

  p.s fire the finance dept.