CORRECTION - POET Technologies Reports Third Quarter 2025 Financial Results
POET (NASDAQ: POET) reported third-quarter 2025 results for the period ended September 30, 2025.
Key facts: Q3 revenue $298,434 (NRE and product), net loss $9.4 million (or $0.11 per share), R&D $3.7 million, and cash flow from operations ($2.8) million. The company recorded a $2.4 million non-cash derivative warrant fair-value loss and $1.9 million stock-based compensation.
Business highlights include a reported $5.0 million initial order for 800G engines, introduction of a 1.6T optical receiver with Semtech, partnerships on light sources, and completion of US$250 million equity financing to support development, manufacturing expansion and acquisitions.
POET (NASDAQ: POET) ha riportato i risultati del terzo trimestre 2025 per il periodo conclusosi il 30 settembre 2025.
Fatti chiave: ricavi Q3 $298.434 (NRE e prodotto), perdita netta $9,4 milioni (o $0,11 per azione), R&S $3,7 milioni, e cassa operativa ($2,8) milioni. L'azienda ha registrato una perdita non monetaria da fair value dei warrant derivati di $2,4 milioni e compensazione azionaria basata su azioni di $1,9 milioni.
Le evidenze aziendali includono un ordine iniziale segnalato di $5,0 milioni per motori 800G, l'introduzione di un ricevitore ottico da 1,6T con Semtech, partnership su fonti luminose e il completamento di finanziamento azionario di US$250 milioni per sostenere sviluppo, espansione della produzione e acquisizioni.
POET (NASDAQ: POET) reportó los resultados del tercer trimestre de 2025 para el periodo finalizado el 30 de septiembre de 2025.
Hechos clave: ingresos del Q3 $298,434 (NRE y producto), pérdida neta $9,4 millones (o $0,11 por acción), I+D $3,7 millones, y flujo de caja operativo ($2,8) millones. La empresa registró una pérdida no monetaria por valoración razonable de warrants derivados de $2,4 millones y compensación basada en acciones de $1,9 millones.
Entre los aspectos destacados se incluye un pedido inicial de $5,0 millones para motores 800G, la introducción de un receptor óptico de 1,6T con Semtech, asociaciones en fuentes de luz y la finalización de un financiamiento de capital de US$250 millones para apoyar el desarrollo, la expansión de la manufactura y adquisiciones.
POET (NASDAQ: POET)은 2025년 9월 30일로 종료된 기간에 대한 2025년 3분기 실적을 발표했습니다.
주요 내용: 3분기 매출 $298,434 (NRE 및 제품), 순손실 $9.4백만 (주당 $0.11), R&D $3.7백만, 그리고 영업 현금 흐름 ($2.8)백만. 회사는 $2.4백만의 비현금 파생워런트 공정가치 손실과 $1.9백만의 주식 기반 보상을 기록했습니다.
주요 하이라이트로는 800G 엔진에 대한 $5.0백만의 초기 주문, Semtech와의 1.6T 광 수신기 도입, 광원 분야의 파트너십, 개발·제조 확장 및 인수 지원을 위한 미화 2억 5천만 달러의 주식 자금 조달 완료가 포함됩니다.
POET (NASDAQ: POET) a publié les résultats du troisième trimestre 2025 pour la période se terminant le 30 septembre 2025.
Faits marquants : chiffre d'affaires T3 $298,434 (NRE et produit), perte nette $9,4 millions (ou $0,11 par action), R&D $3,7 millions, et flux de trésorerie opérationnel ($2,8) millions. L'entreprise a enregistré une perte non monétaire liée à l'évaluation équitable des warrants dérivés de $2,4 millions et une compensation en actions de $1,9 millions.
Les points forts incluent une commande initiale signalée de $5,0 millions pour moteurs 800G, l’introduction d’un récepteur optique de 1,6T avec Semtech, des partenariats sur des sources lumineuses et l’achèvement d’un financement en actions de US$250 millions pour soutenir le développement, l’expansion de la fabrication et les acquisitions.
POET (NASDAQ: POET) hat die Ergebnisse des dritten Quartals 2025 für den Zeitraum bis zum 30. September 2025 gemeldet.
Wesentliche Fakten: Q3-Umsatz $298.434 (NRE und Produkt), Nettoloss $9,4 Millionen (oder $0,11 pro Aktie), F&E $3,7 Millionen, und Cashflow aus operativer Tätigkeit ($2,8) Millionen. Das Unternehmen verzeichnete eine nicht zahlungswirksame Wertminderung von $2,4 Millionen bei derivativen Warrants und aktienbasierte Vergütung in Höhe von $1,9 Millionen.
Zu den Geschäftshighlights gehört eine gemeldete Anfangsbestellung in Höhe von $5,0 Millionen für 800G-Triebwerke, die Einführung eines 1,6T-Optikempfängers mit Semtech, Partnerschaften zu Lichtquellen und der Abschluss einer Eigenkapitalfinanzierung in Höhe von US$250 Millionen zur Unterstützung von Entwicklung, Fertigungsausbau und Übernahmen.
POET (NASDAQ: POET) أعلنت عن نتائج الربع الثالث من عام 2025 للفترة المنتهية في 30 سبتمبر 2025.
حقائق رئيسية: إيرادات الربع الثالث $298,434 (NRE والمنتج)، خسارة صافية $9.4 مليون (أو $0.11 للسهم)، البحث والتطوير $3.7 مليون، و التدفق النقدي من التشغيل ($2.8) مليون. سجلت الشركة خسارة غير نقدية في التقييم العادل للأدوات المشتقة من Warrants بقيمة $2.4 مليون و تعويضاً مبنياً على الأسهم بقيمة $1.9 مليون.
تشمل أبرز الإنجازات طلباً ابتدائياً بقيمة $5.0 مليون لمحركات 800G، وإطلاق مستقبل بصري 1.6T مع Semtech، وشراكات في مصادر الضوء، وإتمام تمويل أسهم بقيمة US$250 مليون لدعم التطوير وتوسيع التصنيع والاستحواذات.
- Closed US$250 million equity financing from three institutional investors
- Secured a US$5,000,000 initial order for 800G transmit and receive engines
- Introduced 1.6T optical receiver developed with Semtech
- Q3 revenue of $298,434 versus $3,685 in Q3 2024
- Net loss of $9.4 million in Q3 2025
- Research and development expense of $3.7 million in Q3 2025
- Operating cash flow negative ($2.8) million in Q3 2025
- Non-cash derivative warrant loss of $2.4 million in Q3 2025
Insights
POET reports continued product commercialization, large equity raise, and early production orders despite a Q3 net loss.
POET shows tangible commercial progress: two initial production orders totaling over
Financials remain loss-making in
Watch near-term execution milestones: delivery and repeatability of the initial production orders, quarterly revenue progression through
TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- In a press release under the same headline issued earlier today by POET Technologies Inc. (TSX Venture: PTK; NASDAQ: POET), please note the second paragraph under "Non-IFRS Financial Summary" should read "a net loss of
POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported its unaudited condensed consolidated financial results for the third quarter ended September 30, 2025. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR+. All financial figures are in United States dollars (“USD”) unless otherwise indicated.
Management Commentary:
“The third quarter of 2025 demonstrated continued progress toward commercialization of our optical engine and light source products. The placement of two successive initial production orders from two key customers valued at over
“The introduction of our 1.6T optical receiver, developed in collaboration with Semtech, enhances POET’s product leadership into the highest-performance segments of the AI interconnect market. We are also evolving our light-source product in partnership with Sivers Semiconductors, and expanding into the mobile AI telecom space with NTT Innovative Devices. These engagements form a foundation for accelerated customer adoption and revenue growth in high-volume AI networking solutions.”
“Having developed one of the most flexible, high-performance assembly platforms available in the photonics space today, we are now focused on adding to our Optical Interposer advanced components to produce highly differentiated engines and modules for both high-speed interconnect and light-based chip-to-chip data communication. To support this strategy, we recently closed US
Notable Business Highlights:
- Introduced 1.6T optical receivers with Semtech supporting next generation AI clusters and data-center interconnects.
- Advanced POET Starlight light-source strategy through new partnerships with Sivers Semiconductors.
- Entry into the front-haul mobile networking space in collaboration with NTT Innovative Devices.
- Secured a US
$5,000,000 initial order for 800G transmit and receive engines, confirming readiness for volume production. - Successfully completed three rounds of equity financing with three institutional investors at prices ranging from
$5.00 t o$7.25 per share for gross proceeds of$250,000,000.
Non-IFRS Financial Summary
The Company reported non-recurring engineering (“NRE”) and product revenue of
The Company reported a net loss of
The Company reported non-cash loss in the fair value adjustment to derivative warrant liability of
Other non-cash expenses in the third quarter of 2025 included stock-based compensation of
The Company recognized other income, including interest of
Cash flow from operating activities in the third quarter of 2025 was (
Summary of Financial Performance
The following is a summary of the Company’s operations over the five quarters ending September 30, 2025. This information should be read in conjunction with the Company’s financial statements filed on Sedar + on November 13, 2025.
| POET TECHNOLOGIES INC. PROFORMA – NON-IFRS AND IFRS PRESENTATION OF OPERATIONS (All figures are in U.S. Dollars) | ||||||||||||
| For the Quarter ended: | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | 31-Dec-24 | 30-Sep-24 | |||||||
| Revenue | 298,434 | 268,469 | 166,760 | 29,032 | 3,685 | |||||||
| Research and development | (3,735,703 | ) | (3,150,044 | ) | (4,360,192 | ) | (3,437,683 | ) | (1,765,481 | ) | ||
| Depreciation and amortization | (892,704 | ) | (792,814 | ) | (726,868 | ) | (475,281 | ) | (525,955 | ) | ||
| Professional fees | (371,413 | ) | (562,583 | ) | (276,184 | ) | (679,156 | ) | (480,871 | ) | ||
| Wages and benefits | (675,306 | ) | (1,042,380 | ) | (2,123,274 | ) | (758,883 | ) | (667,963 | ) | ||
| Loss on acquisition of | - | - | - | (6,852,687 | ) | - | ||||||
| Stock-based compensation | (1,864,589 | ) | (1,165,482 | ) | (841,793 | ) | (1,404,995 | ) | (1,525,131 | ) | ||
| General expenses and rent | (497,118 | ) | (1,009,778 | ) | (898,056 | ) | (474,937 | ) | (465,448 | ) | ||
| Finance advisory fees | (1,816,272 | ) | (1,302,464 | ) | (476,802 | ) | (4,239,831 | ) | (1,319,392 | ) | ||
| Derivative liability adjustment | (2,414,223 | ) | (7,559,991 | ) | 15,382,971 | (12,444,661 | ) | (6,179,836 | ) | |||
| Interest expense | (31,429 | ) | (30,925 | ) | (32,786 | ) | (31,605 | ) | (30,482 | ) | ||
| Other (income), including interest | 989,007 | 533,308 | 527,782 | 511,448 | 216,337 | |||||||
| Unrealized foreign exchange loss | 1,641,602 | (1,448,691 | ) | - | - | - | ||||||
| Net income (loss) | (9,369,714 | ) | (17,263,375 | ) | 6,341,558 | (30,259,239 | ) | (12,740,537 | ) | |||
| Net income (loss) per share - Basic | (0.11 | ) | (0.21 | ) | 0.08 | (0.50 | ) | (0.20 | ) | |||
| Net income (loss) per share - Diluted | - | - | - | (0.50 | ) | (0.20 | ) | |||||
About POET Technologies Inc.
POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.
| Media Relations Contact: Adrian Brijbassi Adrian.brijbassi@poet.tech | Company Contact: Thomas R. Mika, EVP & CFO tm@poet.tech |
Forward-Looking Statements
This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products and expectations for approval of proposals at the Company’s annual meeting of shareholders.
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, lack of sales in its products, once released, operational risks in the completion of the Company’s anticipated projects, lack of performance of its joint venture, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, the ability to raise additional capital and the agreement by shareholders to approve proposals put forth by the Company at shareholders’ meetings. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
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FAQ
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