POET Technologies Q3 net loss narrows

Reuters11-14
POET Technologies Q3 net loss narrows 

Overview

  • POET Technologies reports Q3 net loss of $9.4 mln, down from $12.7 mln last year

  • Company secures $5.6 mln in initial production orders, signaling revenue ramp-up

  • POET closes $250 mln equity financing for expansion and acquisitions

Outlook

  • POET expects revenue growth to increase steadily throughout 2026

  • POET is expanding into mobile AI telecom with NTT Innovative Devices

Result Drivers

  • PRODUCTION ORDERS - Co received $5.6 mln in initial production orders from key customers, indicating a revenue ramp-up

  • NEW PRODUCT INTRODUCTION - Co introduced 1.6T optical receiver with Semtech, enhancing product leadership in AI interconnect market

  • EQUITY FINANCING - Co closed $250 mln equity financing to support development and expansion

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

-$0.11

Q3 Net Income

-$9.4 mln

Q3 Operating Cash Flow

-$2.8 mln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the semiconductors peer group is "buy"

  • Wall Street's median 12-month price target for POET Technologies Inc is $7.00, about 27.9% above its November 12 closing price of $5.05

Press Release: ID:nGNX9DwPYL

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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