Poet Technologies Inc Stock Price, News & Analysis

POET Technologies has appointed Michal Lipson as an advisor to its Board of Directors, planning to nominate her for a directorship at the upcoming Annual General Meeting on October 6, 2022. Lipson is a renowned expert in silicon photonics and has over 45 patents. Dr. Suresh Venkatesan expressed confidence in her ability to enhance the Board's expertise. In addition, Lipson will receive 5,194 stock options and a cash payment of US$7,500 for her advisory role. This strategic move is aimed at strengthening the company’s position in the photonics market.

POET Technologies has appointed Theresa Lan Ende, Chief Procurement Director of Arista Networks, as an advisor to its Board of Directors. She is expected to be nominated as a director at the upcoming Annual General Meeting on October 6, 2022. Her extensive experience in supply chain management from leading companies like Cisco Systems and JDS Uniphase is anticipated to provide valuable insights as POET expands. Additionally, the Board approved an option grant of 4,745 options to Ende at a price of CAD$7.16, along with a cash payment of US$7,500 for her advisory role.

POET Technologies Inc. reported its Q1 2022 results, noting a net loss of $5.4 million ($0.15 per share), an increase from $4.1 million in Q1 2021. Key milestones included being named to the 2022 OTCQX® Best 50, collaboration agreements with Celestial AI and Liobate Technologies, and launching new Optical Engines. R&D expenses rose to $2.2 million from $1.3 million year-over-year. The company also consolidated shares and began trading on Nasdaq under the ticker POET, aiming to convert customer interest into future orders.

POET Technologies announces participation in upcoming virtual investor conferences, including the Oppenheimer Emerging Growth Conference on May 10 and the Sidoti Micro Cap Conference on May 12. During these events, Thomas Mika, Chief Financial Officer, will present and engage in 1x1 meetings with investors. The company specializes in the POET Optical Interposer and Photonic Integrated Circuits for the data center and telecommunication markets. Supporting materials will be available on their website.

POET Technologies Inc. reported its Q4 and full-year 2021 financial results, posting a net loss of $3.7 million ($0.10 per share), an improvement from a $5.0 million loss in Q4 2020. The company's cash and short-term investments stood at $21.3 million with no debt. Key milestones included securing a $1.2 million agreement for 100G Optical Engines, launching 400G and 800G optical engines, and partnerships for high-speed optical networking components. Despite the positive developments, R&D expenses varied due to global semiconductor supply issues, impacting operational costs and cash flow.

POET Technologies has announced it will release its audited financial results for the fourth quarter and full year ended December 31, 2021, after market close on April 26, 2022. A business update conference call will take place on April 27, 2022, at 8:00 a.m. PT (11:00 a.m. ET), featuring insights from key executives including the Chairman & CEO, Dr. Suresh Venkatesan. The call aims to address the company’s performance and future outlook. Investors can access the call via conference dial-in or webcast.

POET Technologies Inc. has joined the Singapore Hybrid-Integrated Next Generation micro-Electronics (SHINE) Center at the National University of Singapore. This partnership aims to develop advanced processes for hybrid integration of photonic devices. POET plans to leverage the SHINE Center for designing Optical Interposer-based solutions for emerging verticals, including IoT applications. The consortium, which includes top universities and industry players, emphasizes collaborative research to translate technologies into practical applications for microelectronics.

POET Technologies Inc. announced that its Shenzhen operations will temporarily shut down due to a COVID-19 outbreak, effective March 13, 2022. The company has established contingency plans, shifting critical development activities to Singapore and other locations, ensuring no impact on delivery schedules. The CEO, Dr. Suresh Venkatesan, emphasized that the company is well-prepared for such disruptions and expects to maintain operations smoothly. POET specializes in innovative photonic integration solutions for data centers and telecommunications, integrating electronic and photonic devices.

On March 15, 2022, POET Technologies showcased its innovative 200G FR4 Transmit and 400G FR4 Receive Optical Engines at the Optical Fiber Conference (OFC) in San Diego. The company reported overwhelming interest, with 40-50 meetings with potential customers, including data center operators and AI vendors. POET's technology, enabling chip-scale integration, was commended for its compact design and efficiency compared to traditional options. CEO Dr. Suresh Venkatesan noted that the event was particularly significant as it coincided with their Nasdaq listing. Industry expert Stephen Hardy recognized POET's impact in the photonics sector.