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POET Technologies Inc. Common Shares - POET STOCK NEWS

Welcome to our dedicated page for POET Technologies Common Shares news (Ticker: POET), a resource for investors and traders seeking the latest updates and insights on POET Technologies Common Shares stock.

POET Technologies Inc. (POET) is a leading innovator in the field of optoelectronic solutions based in Toronto, Ontario, Canada. The company specializes in the design, manufacture, and sale of semiconductor products and services for a range of commercial applications. Utilizing their proprietary POET Optical Interposer, POET Technologies has developed a novel platform that seamlessly integrates electronic and photonic devices into a single module. This is achieved through wafer-level manufacturing techniques and advanced packaging methods.

POET Technologies' product lineup includes the POET Starlight, POET Lightbar, POET Infinity, and POET One, among others. These products find applications in diverse fields such as Data Centers, Telecommunications, the Internet of Things (IoT) & Industrial Sensing, Automotive LIDAR, and On-Board Optics. By focusing on these key sectors, the company aims to address the growing needs for efficient and reliable optoelectronic solutions.

The company’s geographical reach extends to major markets such as Asia, the United States, and Canada, where it continues to expand its influence and customer base. POET Technologies prides itself on a strong balance sheet and has recently achieved significant milestones, including major design wins which mark the beginning of a promising second quarter.

In recent news, POET Technologies announced strategic partnerships and forward-looking plans to enhance their market presence further. They continue to be at the forefront of technological advancements, ensuring they remain a key player in the semiconductor industry.

For detailed updates and to learn more about the company's ongoing projects, visit their official news section and explore the latest announcements.

News

POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter and Fiscal Year 2024 Results

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POET Technologies Inc. completes non-brokered private placement, issuing 5,098,088 units at $1.22 per unit for gross proceeds of C$6.2 million. The net proceeds will be used for general corporate purposes and revenue expansion. Preliminary financial data shows cash and cash equivalents of $3,000,000 and a net loss of $5,460,000 for the three months ended December 31, 2023. The company did not issue any shares in its at-the-market offering program during the fiscal quarter ended December 31, 2023.
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POET Technologies Announces ZKTel as Customer and Collaborator

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POET Technologies Inc. (PTK) announced a design win with Shaoxing ZKTel Equipment Co. for the development of a 100G CWDM4 optical transceiver module using POET optical engines supplied by POET’s joint venture company, Super Photonics Xiamen (SPX). The collaboration aims to go beyond the initial 100G CWDM optical engine sales and ZKTel expects to ramp to volume production in the second half of 2024.
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POET Technologies Earns High Praise from Industry Expert in New e-Book

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POET Technologies Inc. (PTK) has been recognized by semiconductor industry expert Mark Stansberry for its essential technology in the photonic systems market. Mr. Stansberry notes that POET holds key technology for companies and its Optical Interposer and waveguide technology are the building blocks for tomorrow's photonic systems on a chip.
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POET Technologies Issues Letter to Shareholders

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POET Technologies Inc. (PTK) issued a letter to shareholders from its CEO, Dr. Suresh Venkatesan, reviewing recent accomplishments and vision for 2024. Despite a challenging year due to global capital market environment, the company expanded product portfolio, boosted mindshare among leading companies, and positioned for rapid growth in 2024. Recent achievements include releasing optical engines for data center, telecommunication, and AI markets, with plans to deliver more leading-edge products in 2024. POET is working with multiple customers on module designs and aims to complete various developments, including initiating production of an 8-channel packaged light source for AI applications.
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POET Technologies Announces Closing of US$1.6 Million Underwritten Public Offering of Common Shares and Warrants

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POET Technologies Inc. (PTK) closes underwritten public offering, raising approximately $1.6 million for general working capital purposes, including revenue expansion and the development and production of photonic modules for AI and related markets.
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POET Technologies Announces Pricing of US$1.4 Million Underwritten Public Offering of Common Shares and Warrants

Rhea-AI Summary
POET Technologies Inc. (PTK) announced the pricing of its underwritten public offering, consisting of 1,600,000 common shares and warrants, expected to generate approximately $1.4 million in gross proceeds. The net proceeds will be used for general working capital purposes, revenue expansion, and the development of photonic modules for AI and related markets.
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POET Comments on Recent Market Activity

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POET Technologies Inc. (PTK; POET) provided commentary on recent events, including the underwritten public offering in the United States and Canada. The Company is actively engaged in securing institutional investors to continue operations through early 2025, despite recent declines in share price.
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POET Technologies Reports Third Quarter 2023 Financial Results

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POET Technologies Inc. (PTK) Reports Unaudited Q3 2023 Financial Results, Highlights, and Future Projections
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POET Provides Financial Update

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OET Technologies Inc. (POET) provides preliminary key financial data for the three and nine months ended September 30, 2023. Cash and cash equivalents are $4,500,000, working capital is $3,300,000. Revenues for the three months are $-, expenses are $5,100,000, resulting in a net loss of $5,100,000. Revenues for the nine months are $400,000, expenses are $15,200,000, resulting in a net loss of $14,800,000. POET expects to commercialize its technology and products, with initial production expected to start this year and continue into 2024. The company is focused on 800G and 1.6T pluggable modules for specialized data centers running AI software applications. Non-recurring engineering payments and initial sales in the AI hardware market are expected to generate revenue in 2024 and drive growth in 2025 and beyond. On November 2, 2023, the company announced a public offering in the US and a concurrent non-brokered offering in Canada.
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POET Technologies Announces Public Offering of Common Shares and Warrants

Rhea-AI Summary
POET Technologies Inc. has announced an underwritten public offering in the United States and a non-brokered offering in Canada. The Offering includes common shares and warrants and is subject to market conditions. The company intends to use the net proceeds for general working capital purposes and the development of photonic modules for AI and related markets.
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FAQ

What is the current stock price of POET Technologies Common Shares (POET)?

The current stock price of POET Technologies Common Shares (POET) is $4.76 as of December 20, 2024.

What is the market cap of POET Technologies Common Shares (POET)?

The market cap of POET Technologies Common Shares (POET) is approximately 353.4M.

What does POET Technologies Inc. specialize in?

POET Technologies Inc. specializes in the design, manufacture, and sale of semiconductor products and optoelectronic solutions.

Where is POET Technologies Inc. located?

POET Technologies Inc. is headquartered at 121 Richmond St W, Toronto, Ontario, Canada.

What is the POET Optical Interposer?

The POET Optical Interposer is a platform developed by POET Technologies for integrating electronic and photonic devices into a single module using wafer-level manufacturing techniques.

What are some of the key applications of POET Technologies' products?

Key applications include Data Centers, Telecommunications, IoT & Industrial Sensing, Automotive LIDAR, and On-Board Optics.

What products does POET Technologies offer?

Their product lineup includes POET Starlight, POET Lightbar, POET Infinity, and POET One, among others.

Which markets does POET Technologies primarily serve?

POET Technologies primarily serves markets in Asia, the United States, and Canada.

What recent achievements has POET Technologies made?

POET Technologies has recently achieved significant design wins and maintains a strong balance sheet, marking a promising beginning to the second quarter.

How can I stay updated with POET Technologies' latest news?

You can stay updated by visiting their official news section for the latest announcements and developments.

What is the significance of POET Technologies' strategic partnerships?

Strategic partnerships help POET Technologies enhance their market presence and drive technological advancements in the optoelectronic field.

What is the core business of POET Technologies Inc.?

The core business of POET Technologies Inc. is providing integration solutions for electronic and photonic devices through their POET Optical Interposer platform.

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POET Technologies Inc. Common Shares

Nasdaq:POET

POET Rankings

#3390 Ranked by Market Cap
N/A Ranked by Dividends

POET Stock Data

353.41M
70.29M
0.81%
8.8%
3.04%
Semiconductors
Technology
Link
United States of America
Toronto