POET Technologies Inc (NASDAQ: POET) saw its stock price plummet 8.09% in pre-market trading on Friday, following the release of its third-quarter 2025 financial results that fell short of analyst expectations. The designer and developer of Photonic Integrated Circuits (PICs) reported disappointing figures, despite showing some signs of progress towards commercialization.
The company reported a quarterly loss of $0.11 per share, missing the analyst consensus estimate of $0.09 by 22.22%. While this represents a 45% improvement from the $0.20 loss per share in the same period last year, it wasn't enough to satisfy investors. Additionally, POET Technologies posted quarterly sales of $298,434, falling significantly below the analyst consensus estimate of $400,000 by 25.39%. Despite this miss, it's worth noting that sales increased dramatically from just $3,685 in the same quarter of the previous year.
Despite the negative market reaction, POET Technologies highlighted its progress towards commercialization. The company secured two initial production orders valued at over $5.6 million, which it expects to contribute to a revenue ramp throughout 2026. However, the market's response suggests that investors were looking for more immediate results and stronger financial performance in the current quarter. The company's continued net losses, amounting to $9.4 million for the third quarter, also likely contributed to the stock's pre-market decline.
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