Canada's POET Technologies Q4 net loss widens

Reuters04-01
Canada's POET Technologies Q4 net loss widens 

Overview

  • Canada photonic chipmaker's Q4 revenue rose yr/yr

  • Q4 net loss widened, driven by non-cash derivative warrant liability adjustment

  • Company raised $225 mln in Q4 and $150 mln in January, boosting cash to $430 mln

Outlook

  • POET expects to ship over 30,000 optical engines in 2026

  • Company to begin high-volume production of light source products in Q2 and 800G optical engines in Q3

  • Company sees accelerating demand for ELSFP optical engines in both high-speed and high-power applications

Result Drivers

  • COMMERCIAL ORDERS - Q4 revenue growth driven by initial production order for POET Infinity optical engines and increased customer validation

  • MANUFACTURING SCALE-UP - Co said capital raised in Q4 is being used to accelerate manufacturing readiness and support high-volume production

  • NON-CASH EXPENSES - Q4 net loss widened mainly due to non-cash fair value adjustment to derivative warrant liability

Company press release: ID:nGNX2wdSWM

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 EPS

-$0.32

Q4 Net Income

-$42.7 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 $7.65, about 50.6% above its March 30 closing price of $5.08

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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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