POET Technologies Inc. (NASDAQ: POET) saw its shares plummet 8.09% in pre-market trading on Friday, following the release of disappointing third-quarter 2025 financial results that fell short of analyst expectations.
The designer and developer of Photonic Integrated Circuits (PICs) reported a quarterly loss of $0.11 per share, missing the analyst consensus estimate of $0.09 by 22.22%. While this represents an 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 revenue 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.
The company reported a net loss of $9.4 million for the third quarter, compared to a net loss of $12.7 million in the same period of 2024. Despite the wider losses, POET Technologies highlighted its progress towards commercialization, including two initial production orders valued at over $5.6 million, which the company expects to contribute to a revenue ramp throughout 2026. The introduction of new products, such as the 1.6T optical receiver developed with Semtech, and partnerships with Sivers Semiconductors and NTT Innovative Devices, were also emphasized as potential growth drivers. However, the market's reaction suggests that investors were looking for more immediate results and stronger financial performance in the current quarter.
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