Poet Technologies Inc Stock Price, News & Analysis

POET Technologies announced significant changes to its previously announced offering, now structured as a US$30 million non-brokered private placement. The company will issue 6,000,000 common shares and warrants exercisable for an additional 6,000,000 shares at C$8.32 per warrant share over a five-year period. The combined price for one common share and warrant will be US$5.00, representing a premium to the current market price. The revised structure comes in response to interest from a strategic investor and aims for faster execution. The offering is expected to close around May 22, 2025, with proceeds designated for working capital and general corporate purposes. No commission or finder's fee will be paid, and securities will be distributed outside Canada.

POET Technologies (NASDAQ: POET) reported its Q1 2025 financial results, showing revenue of $166,760, up from $8,710 in Q1 2024. The company posted a net income of $6.3 million ($0.08 per share), compared to a net loss of $5.7 million in Q1 2024, largely due to a non-cash gain of $15.4 million from derivative warrant liability adjustments.

Key operational highlights include shipping final design samples of POET Infinity transmit products for 400G and 800G applications, demonstrating POET Teralight™ for 1.6T optical engines, and partnering with Lessengers for 800G DR8 transceivers. The company successfully transitioned production to a new 10,000 square foot clean room facility in Malaysia through partner Globetronics, positioning for volume orders from AI and cloud data center customers.

R&D costs increased to $4.3 million from $1.9 million year-over-year, while operating cash flow was ($8.9) million compared to ($4.6) million in Q1 2024.

POET Technologies (NASDAQ: POET) has appointed Dr. Ghazi M. Chaoui as Senior Vice President of Global Manufacturing and Digital Transformation. Dr. Chaoui, former Chief Procurement Officer of Coherent Corp with nearly 40 years of industry experience, will be stationed in Penang, Malaysia, overseeing operations for order fulfillment and implementing systems for 800G and 1.6T transceiver production.

The company has established POET Technologies Sdn. Bhd. as a wholly owned subsidiary in Malaysia, where manufacturing operations with Globetronics are already operational with wafer-level assembly and test equipment. Full production capacity is expected to be online this quarter. Sundar Natarajan Yoganandan, POET's Director of External Manufacturing and NPI, will report directly to Dr. Chaoui.

POET Technologies has announced a non-brokered public offering of 5,000,000 units at US$5.00 per unit, aiming to raise US$25 million. Each unit includes one common share and one warrant exercisable at C$8.32 for five years. The offering price represents a 21.8% premium over the closing price on April 25, 2025.

The offering is expected to be fully subscribed by a single Canadian institutional investor and should close around May 15, 2025. This follows the completion of POET's acquisition of San'an Optical's 24.8% stake in Super Photonics Integrated Circuit Xiamen (SPX) and progress in Malaysian manufacturing expansion. The proceeds will be used for working capital and general corporate purposes, strengthening POET's position in optical engines and light sources for AI systems.

POET Technologies (TSX: PTK; NASDAQ: POET) has announced increased customer engagement following demonstrations of its POET Teralight™ 1.6T optical engines at the 2025 OFC Conference in San Francisco. The company showcased breakthrough performance in partnership with Mitsubishi Electric's 400G EML lasers.

The company also introduced POET Blazar™, a revolutionary external light source designed to significantly reduce costs in AI connectivity. According to CEO Dr. Suresh Venkatesan, Blazar represents a new class of laser that could transform AI connectivity economics through improved cost efficiency, scalability, and manufacturing capabilities.

The solution is particularly targeted at co-packaged optics applications and chip-to-chip light-based connectivity in AI clusters. The company's Chief Revenue Officer, Raju Kankipati, indicated strong post-conference customer engagement and projected substantial revenue growth for 2026.

POET Technologies (TSX: PTK; NASDAQ: POET) has announced a strategic partnership with South Korea's Lessengers to develop 800G DR8 transceivers for AI and hyperscale data center applications. The collaboration combines POET's Infinity™ transmit and receive optical engines with Lessengers' Direct Optical Wiring (DOW) technology to create a cost-effective solution.

Under the partnership, POET will provide highly integrated optical engines configured in an 800G DR8 architecture, incorporating both electronic and photonic components. Lessengers plans to have transceiver samples available for customer review in the second half of 2025.

POET Technologies (TSX: PTK; NASDAQ: POET) has received the Elite Score award from Lightwave+BTR Innovation Reviews for its Optical Interposer™ technology at the OFC Conference in San Francisco. The award recognizes the innovative advancement in optical communications and broadband technology.

The company is showcasing its latest innovations, including POET Teralight™, a line of 1.6T integrated transmit and receive optical engines, and POET Blazar™, an advanced light source solution. Notably, Adtran is demonstrating its Quattro 100G LR4 module featuring POET's optical engines in its private demo room.

POET's silicon-based optical engines and light sources are designed to enhance AI hardware applications and data center hyperscalers' speed and performance. The company's exhibition continues at OFC Booth #5315 through April 3, 2025.

POET Technologies reported its Q4 2024 financial results, highlighting strategic positioning for accelerated growth in AI and data center markets. The company raised US$25 million through a registered direct offering, bringing total 2024 equity capital to $82.2 million. Key developments include acquiring full control of Super Photonics Xiamen for $6.5 million and establishing a major manufacturing facility in Malaysia with Globetronics.

Financial highlights show Q4 2024 revenue of $29,032, down from $107,551 in Q4 2023. The company reported a net loss of $30.2 million ($0.48 per share) compared to $5.5 million ($0.13 per share) in Q4 2023. R&D costs increased to $3.4 million from $2.1 million year-over-year.

The company plans to voluntarily delist from TSX Venture Exchange following an expected US$25M financing closure with L5 Capital. POET aims for significant revenue acceleration in second half of 2025, supported by partnerships with LuxshareTech, Foxconn, and Mitsubishi Electric.

POET Technologies (TSX: PTK; NASDAQ: POET) announced plans to showcase its latest innovations at the Optical Fiber Communications (OFC) Conference in San Francisco from April 1-3, 2025. The company will demonstrate two major products:

1. POET Blazar™: An invitation-only demonstration of a groundbreaking light source solution for AI applications, utilizing wafer-level chip-scale packaging technology to create a high-power, multi-channel light source that promises cost reduction and better reliability.

2. POET Teralight™ 1.6T Optical Engine: Developed in partnership with Mitsubishi Electric, this highly integrated transmit and receive optical engine features a complete optical system-on-chip architecture. It uniquely uses four externally modulated laser chips instead of eight for 1.6T transceivers.

Additionally, leading module customers including LuxshareTech and Adtran will showcase modules incorporating POET's optical engines at the conference.