Welcome to our dedicated page for Poet Technologies news (Ticker: POET), a resource for investors and traders seeking the latest updates and insights on Poet Technologies stock.
POET Technologies Inc (POET) drives innovation in photonic integration through its patented Optical Interposer Platform, enabling advanced optical engines for AI systems and hyperscale data centers. This page provides official updates on technological milestones, financial developments, and strategic initiatives shaping the company's position in high-speed optical solutions.
Access curated press releases and news covering product launches, partnership announcements, and financial results. Investors will find essential updates on POET's progress in addressing integration challenges for data communication and computing applications, while analysts gain insights into market expansion within telecommunications and sensing technologies.
Key content includes earnings reports, intellectual property developments, and manufacturing advancements related to wafer-level semiconductor integration. Bookmark this page for real-time updates on POET's role in advancing optical interposer applications across global tech ecosystems.
POET Technologies reported its unaudited financial results for Q2 2022, highlighting significant milestones in product development and business collaboration. The company achieved $120,000 in non-recurring engineering revenue, compared to $209,000 in Q2 2021, and incurred a net loss of $5.3 million, down from $4.4 million in the previous year. POET is focused on further integration of its Optical Interposer™ technology, aiming to capture a growing market with an expected 800G optical engine introduction. Market opportunities could exceed $4 billion by 2027, driven by demand in AI and telecommunications.
POET Technologies, a leader in optical technology, announced its participation in the 25th Annual Oppenheimer Technology, Internet & Communications Conference as a virtual event on August 9, 2022. The executive team will conduct a fireside chat at 4:35 p.m. ET and be available for meetings with investors on the same day. POET’s innovative Optical Interposer™ integrates electronic and photonic devices for applications in AI, IoT, and high-speed networking, enhancing efficiency in data centers and telecommunication markets.
POET Technologies Inc. (NASDAQ: POET) announced the sampling of its 200G FR4 Transmit and Receive Optical Engines, utilizing its Optical Interposer technology. These Optical Engines will enable cost-effective and scalable solutions for 200GBASE-FR4 transceivers, with production expected by year-end 2022. The 200G TX integrates four high-speed lasers and the RX incorporates four photodetectors, both designed for cloud data centers and telecom markets. POET has shipped samples to multiple lead customers through its joint venture, Super Photonics.
POET Technologies announced the launch of its 400G FR4 and 800G Receive Optical Engines, utilizing their advanced Optical Interposer™ technology. The company has already shipped samples to lead customers, anticipating production at Super Photonics by the end of Q3 2022. These optical engines are designed for data centers and telecoms, featuring high-speed photodetectors and a compact form factor, making them cost-effective solutions for cloud applications. This marks a significant milestone in POET's product commercialization efforts.
POET Technologies has appointed Michal Lipson as an advisor to its Board of Directors, planning to nominate her for a directorship at the upcoming Annual General Meeting on October 6, 2022. Lipson is a renowned expert in silicon photonics and has over 45 patents. Dr. Suresh Venkatesan expressed confidence in her ability to enhance the Board's expertise. In addition, Lipson will receive 5,194 stock options and a cash payment of US$7,500 for her advisory role. This strategic move is aimed at strengthening the company’s position in the photonics market.
POET Technologies has appointed Theresa Lan Ende, Chief Procurement Director of Arista Networks, as an advisor to its Board of Directors. She is expected to be nominated as a director at the upcoming Annual General Meeting on October 6, 2022. Her extensive experience in supply chain management from leading companies like Cisco Systems and JDS Uniphase is anticipated to provide valuable insights as POET expands. Additionally, the Board approved an option grant of 4,745 options to Ende at a price of CAD$7.16, along with a cash payment of US$7,500 for her advisory role.
POET Technologies Inc. reported its Q1 2022 results, noting a net loss of $5.4 million ($0.15 per share), an increase from $4.1 million in Q1 2021. Key milestones included being named to the 2022 OTCQX® Best 50, collaboration agreements with Celestial AI and Liobate Technologies, and launching new Optical Engines. R&D expenses rose to $2.2 million from $1.3 million year-over-year. The company also consolidated shares and began trading on Nasdaq under the ticker POET, aiming to convert customer interest into future orders.
POET Technologies announces participation in upcoming virtual investor conferences, including the Oppenheimer Emerging Growth Conference on May 10 and the Sidoti Micro Cap Conference on May 12. During these events, Thomas Mika, Chief Financial Officer, will present and engage in 1x1 meetings with investors. The company specializes in the POET Optical Interposer and Photonic Integrated Circuits for the data center and telecommunication markets. Supporting materials will be available on their website.
POET Technologies Inc. reported its Q4 and full-year 2021 financial results, posting a net loss of $3.7 million ($0.10 per share), an improvement from a $5.0 million loss in Q4 2020. The company's cash and short-term investments stood at $21.3 million with no debt. Key milestones included securing a $1.2 million agreement for 100G Optical Engines, launching 400G and 800G optical engines, and partnerships for high-speed optical networking components. Despite the positive developments, R&D expenses varied due to global semiconductor supply issues, impacting operational costs and cash flow.
POET Technologies has announced it will release its audited financial results for the fourth quarter and full year ended December 31, 2021, after market close on April 26, 2022. A business update conference call will take place on April 27, 2022, at 8:00 a.m. PT (11:00 a.m. ET), featuring insights from key executives including the Chairman & CEO, Dr. Suresh Venkatesan. The call aims to address the company’s performance and future outlook. Investors can access the call via conference dial-in or webcast.
