Poet Technologies Inc Stock Price, News & Analysis

POET Technologies Inc. announced the launch of POET Starlight, a packaged light source solution for artificial intelligence applications. This development is in collaboration with Celestial AI, who has placed an advanced purchase order for initial production units. POET’s Starlight products are built on the LightBar platform and aim to address bandwidth and power efficiency challenges in computer architecture by integrating light sources into chips. The solution is touted to reduce costs by up to 75% compared to competitors. POET expects to finalize design verification and reliability testing by the end of 2023 and initiate production in the second half of 2024. The AI chip market is projected to reach $263 billion by 2031.

POET Technologies Inc. has signed agreements with HE Capital Markets and Wall Street Silver Services to enhance investor awareness of its products in the AI and telecommunications markets. The agreements, valued at $30,000, will utilize various forms of content, including videos and articles, to reach over 3.25 million potential investors. HE Capital Markets boasts a global audience of 2.5 million, while WSS has a robust social media presence with over 755,000 Twitter followers. The strategic initiatives aim to drive interest in POET's Optical Interposer technology, which integrates electronic and photonic devices, catering to high-growth sectors like AI and IoT. This follows an earlier marketing campaign with Stockhouse.com that increased web traffic and visibility.

POET Technologies Inc. (NASDAQ: POET) reported its fourth-quarter financial results for 2022, revealing a net loss of $6.3 million, or ($0.17) per share, compared to a loss of $3.7 million in Q4 2021. The company generated $200,000 in non-recurring engineering revenue, up from $0 in the previous year. Significant developments included launching four optical engine products, partnerships with ADVA and Luxshare Technology, and securing a $1 million contract with Beijing FeiYunYi Technology. The firm aims to ramp production in H2 2023 while focusing on AI and telecommunications markets. Total sales for Q4 reached $199,559, a decline from previous quarters.

POET Technologies Inc. reported on March 14, 2023, that it has no financial exposure to the closure of Silicon Valley Bank (SVB) on March 10, 2023. The company’s operating cash reserves are securely held in insured accounts across multiple banks, both U.S. and international. Any cash not immediately required for operations is invested in short-term US and Canadian Term Deposits, primarily guaranteed investment certificates (GICs) with Canadian chartered banks. POET Technologies is focused on designing and developing Optical Interposer and Photonic Integrated Circuits for high-growth sectors including telecommunications and AI.

POET Technologies Inc. (TSX Venture: PTK; NASDAQ: POET) has announced a collaboration with Vanguard Automation GmbH to enhance the POET Optical Interposer™ integration by incorporating Micro-Lenses. This partnership aims to maximize coupling efficiency and maintain wafer-level passive assembly processes, which are crucial for scalability and cost benefits. The integration will focus on POET's LightBar™ products for AI-ML accelerators and bio-sensing applications, with sampling expected in the second half of 2023. The collaboration emphasizes the potential for improved power efficiency and chip-scale manufacturing.