POET Technologies Reports Second Quarter 2025 Financial Results
Rhea-AI Summary
POET Technologies (NASDAQ: POET) reported Q2 2025 financial results, marking significant progress in manufacturing expansion. The company generated revenue of $268,469, up from nil in Q2 2024, but reported a net loss of $17.3 million ($0.21 per share). Key developments include completing a $30 million private placement at $5.00 per share, expanding production capacity through partnerships with Globetronics and NationGate Solutions in Malaysia, and securing Lessengers as a new customer for 800G optical engines.
The quarter saw increased R&D costs of $3.2 million, up from $2.1 million in Q2 2024, reflecting the company's transition from technology to product development. Operating cash flow was ($7.7) million. The company also granted 2,121,771 RSUs to officers at $5.42 per share, vesting over three years.
Positive
- Secured $30 million private placement financing - largest in company history
- Expanded manufacturing capabilities through new partnership with NationGate Solutions
- Added Lessengers as new customer for 800G optical engines
- Revenue increased to $268,469 from nil year-over-year
- Won AI Hardware Innovation Award, marking sixth award in 12 months
Negative
- Net loss widened to $17.3 million from $8.0 million year-over-year
- Negative operating cash flow of $7.7 million
- R&D costs increased to $3.2 million from $2.1 million year-over-year
- Non-cash loss of $7.5 million from derivative warrant liability adjustment
News Market Reaction 23 Alerts
On the day this news was published, POET declined 7.61%, reflecting a notable negative market reaction. Argus tracked a trough of -14.2% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $39M from the company's valuation, bringing the market cap to $472M at that time.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- 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 second quarter ended June 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 second quarter of 2025 marked a major step forward in preparing for volume production of optical engines at Globetronics, with all equipment now installed and operational,” said Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies. “In addition, we expanded our manufacturing capabilities by engaging with NationGate Solutions (M) Sdn. Bhd in Malaysia to build our light source products. Customers have been visiting Malaysia as we qualify both facilities for production.
“Our customer engagements are intensifying and expanding. We added Lessengers as a new customer based in Korea, which has committed to a module development using POET’s 800G optical engines.
“In May, we closed a
Notable Business Highlights:
- Partnered with Lessengers, an innovative optical solution provider based in South Korea, to offer a differentiated 800G DR8 transceiver.
- Expanded production capacity by signing a Master Agreement, Module Purchase Agreement and a Deed of Consignment with NationGate Solutions (M) Sdn. Bhd, to manufacture optical engine assemblies for POET in Penang, Malaysia.
- Successfully completed another round of equity financing at
$5.00 per share for gross proceeds of$30,000,000. - Selected as the winner of the “AI Hardware Innovation Award” in the 8th annual AI Breakthrough Awards. This was the sixth notable award the Company has won in the past 12 months.
Non-IFRS Financial Summary
The Company reported non-recurring engineering (“NRE”) and product revenue of
The Company reported a net loss of
The largest component of the Company’s loss was from the non-cash loss in the fair value adjustment to derivative warrant liability of
Other non-cash expenses in the second quarter of 2025 included stock-based compensation of
The Company recognized other income, including interest of
Cash flow from operating activities in the second quarter of 2025 was (
Summary of Financial Performance
The following is a summary of the Company’s operations over the five quarters ending June 30, 2025. This information should be read in conjunction with the Company’s financial statements filed on Sedar + on August 11, 2025.
| POET TECHNOLOGIES INC. PROFORMA – NON-IFRS AND IFRS PRESENTATION OF OPERATIONS (All figures are in U.S. Dollars) | ||||||||||||
| For the Quarter ended: | 30-Jun-25 | 31-Mar-25 | 31-Dec-24 | 30-Sep-24 | 30-Jun-24 | |||||||
| Revenue | 268,469 | 166,760 | 29,032 | 3,685 | - | |||||||
| Research and development | (3,150,044) | (4,360,192) | (3,437,683) | (1,765,481) | (2,117,828) | |||||||
| Depreciation and amortization | (792,814) | (726,868) | (475,281) | (525,955) | (509,699) | |||||||
| Professional fees | (562,583) | (276,184) | (679,156) | (480,871) | (366,839) | |||||||
| Wages and benefits | (1,042,380) | (2,123,274) | (758,883) | (667,963) | (780,146) | |||||||
| Loss on acquisition of | - | - | (6,852,687) | - | - | |||||||
| Stock-based compensation | (1,165,482) | (841,793) | (1,404,995) | (1,525,131) | (1,591,741) | |||||||
| General expenses and rent | (1,009,778) | (898,056) | (474,937) | (465,448) | (448,357) | |||||||
| Finance advisory fees | (1,302,464) | (476,802) | (4,239,831) | (1,319,392) | (942,576) | |||||||
| Derivative liability adjustment | (7,559,991) | 15,382,971 | (12,444,661) | (6,179,836) | (1,376,761) | |||||||
| Interest expense | (30,925) | (32,786) | (31,605) | (30,482) | (20,833) | |||||||
| Other (income), including interest | 533,308 | 527,782 | 511,448 | 216,337 | 174,911 | |||||||
| Unrealized foreign exchange loss | (1,448,691) | |||||||||||
| Net loss | (17,263,375) | 6,341,558 | (30,259,239) | (12,740,537) | (7,979,869) | |||||||
| Net income (loss) per share - Basic | (0.21) | 0.08 | (0.50) | (0.20) | (0.14) | |||||||
| Net income (loss) per share - Diluted | - | - | (0.50) | (0.20) | (0.14) | |||||||
Restricted Stock Unit (“RSU”) Grant
On August 7, 2025, the board of directors of the Company approved the grant of 2,121,771 RSUs at a price of
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: | Company Contact: |
| Adrian Brijbassi | Thomas R. Mika, EVP & CFO |
| Adrian.brijbassi@poet.tech | 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
FAQ
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