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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 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

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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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POET Reports on Share Sales under ATM Program for the Quarter Ending September 30, 2023

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POET Technologies Inc. reports on sales under its 'at-the-market' equity program during the fiscal quarter ended September 30, 2023.
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POET Technologies Collaborates with Yuanjie Semiconductor Technology for Laser Supply as the Company’s Optical Engines Enter Volume Production

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POET Technologies Inc. collaborates with Yuanjie Semiconductor Technology Inc. to ramp optical engines to high-volume production.
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POET’s JV, Super Photonics Xiamen, Expands Production Capacity to Support Customer Demand

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POET Technologies Inc. expands production capacity to meet customer demand in 2024 and beyond
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POET Technologies’ New Module Designs Attract Major Companies at CIOE

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POET Technologies Inc. had a successful joint exhibition at the China International Optoelectronics Expo (CIOE), resulting in numerous customer engagements and potential commercial activity. Over 20 private customer meetings were completed, with two major Tier 1 module suppliers requesting samples for immediate evaluation. Four new potential Tier 1/Tier 2 customers also requested samples for their 800G module designs. POET's 400G prototype transceiver module received positive feedback for its design and performance. The exhibit attracted the attention of major end users, including Alibaba, FiberHome, and ByteDance. Follow-up discussions have already begun, indicating promising prospects for the Company.
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POET Technologies Refreshes "At-the-Market" Public Offering in the United States

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POET Technologies Inc. has resumed its 'at-the-market' equity offering program in the United States, with the potential to raise up to US$30 million. The company will issue and sell common shares through Craig-Hallum Capital Group LLC as the sales agent. The proceeds will be used for research and development, capital asset purchases, and general expenses.
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POET Technologies to Feature 800G Optical Transceivers at CIOE 2023

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POET Technologies Inc. will showcase live demonstrations of optical solutions for 800G, 400G, and 200G transceivers at CIOE 2023. They will present the performance of Luxshare's 800G OSFP transceiver with POET's 800G Rx optical engine. POET will also demonstrate their own 400G transceiver module and mechanical sample of their 800G transceiver module. Customer interest in their engines is growing. The demos aim to boost customer confidence in their photonics integration approach and product reliability.
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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 $3.64 as of November 15, 2024.

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

The market cap of POET Technologies Common Shares (POET) is approximately 248.5M.

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

#3674 Ranked by Market Cap
N/A Ranked by Dividends

POET Stock Data

248.54M
70.70M
0.81%
8.08%
2.55%
Semiconductors
Technology
Link
United States of America
Toronto