Profile
Sector:
TechnologyIndustry:
SemiconductorsCountry:
CanadaIPO:
25 June 2008Website:
http://www.poet-technologies.comNext earnings report:
14 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:32:04 GMTDividend
Analysts recommendations
Institutional Ownership
POET Latest News
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that it has completed a non-brokered private placement with a single institutional investor pursuant to which the Corporation issued 4,000,000 common shares (the "Common Shares") and an accompanying warrant exercisable for an aggregate of up to 2,000,000 Common Shares (each, a “Warrant Share”) at an exercise price of $5.00 (or approximately C$6.78) per Common Share (the "Warrant") for aggregate gross proceeds of US$15,000,000 (the “Offering”).
POET Technologies' stock surged 80% in five days, driven by its innovative Optical Interposer technology, which integrates photonic and electrical components for faster, efficient data transfer. Collaborations with Mitsubishi and other key players aim to develop high-capacity optical engines, with significant market growth expected in 800G and 1.6T transceivers by 2025. Despite risks like limited cash, production challenges, and regulatory issues in China, POET's momentum and strategic partnerships, notably with Mitsubishi Electric, are promising.
TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announced a reorganization of its engineering team to streamline design, component engineering and New Product Introduction (NPI) activities globally, in response to active customer demand for 800G and higher products directed at the AI systems and hyperscale data center markets. While the major AI network and systems companies are located in North America and China, almost all module makers, including the Company's current customers for optical engines, are located in China, Taiwan and other Asia Pacific countries.
Tier One Design Wins and Strong Balance Sheet Support Penetration into AI Networks Tier One Design Wins and Strong Balance Sheet Support Penetration into AI Networks
TORONTO, July 19, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that it has completed a registered direct offering with a single institutional investor pursuant to which the Corporation issued 3,333,334 common shares (the "Common Shares") and warrants exercisable to acquire 3,333,334 Common Shares (the "Warrants") for aggregate gross proceeds of US$10,000,002 (the “Offering”). The combined price of one Common Share and accompanying Warrant in respect of one Common Share was US$3.00 (or approximately C$4.09). Each Warrant is exercisable to acquire one Common Share at an exercise price of US$4.00 (or approximately C$5.45) per Common Share for a period of five years from the date of issuance.
TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported the voting results of its Annual General and Special Meeting (the ”Meeting” or “AGSM”), which was held virtually on Friday, June 21, 2024. The Company's VP Finance and Administration, Kevin Barnes, delivered customary introductions and the call to order, and POET's Chairman of the Compensation Committee, Glen Riley, conducted the formal business of the Meeting, which included the approval of all proposals outlined in the Company's management information circular and voting material as previously distributed to shareholders.
POET Technologies has experienced a positive change in perception, leading to increased interest and trading volume for the stock. It has raised significant cash through private placements, mitigating its initially increased financing risk. The company has achieved an important design win with Foxconn Interconnect Technology, validating its technology and gaining a strong partner for commercialization.
TORONTO, May 29, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that, further to its news release dated March 22, 2024, it received approval today from the TSX Venture Exchange (the “Exchange”) to amend the terms of 539,318 common share purchase warrants of the Corporation (the "Amended Warrants") that were issued pursuant to a private placement that closed on December 2, 2022 (the "Private Placement").
POET Technologies has developed the world's first wafer-level optical interposer, with strong interest from data center customers and series production ramping up. The company also aims to deliver photonics solutions for the AI market and has signed a partnership and sales agreement with Celestial AI. It expects a $19 billion TAM by 2029 and plans to expand into other markets such as LIDAR and AR/VR.
What type of business is POET Technologies?
POET Technologies Inc. designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques. It also develops photonic integrated components. The company serves the data center, telecommunications, Internet of things and industrial sensing, automotive LIDAR, optical coherence tomography for medical devices, and virtual reality systems markets. The company was formerly known as Opel Technologies Inc. and changed its name to POET Technologies Inc. in June 2013. POET Technologies Inc. was incorporated in 1972 and is headquartered in Toronto, Canada.
What sector is POET Technologies in?
POET Technologies is in the Technology sector
What industry is POET Technologies in?
POET Technologies is in the Semiconductors industry
What country is POET Technologies from?
POET Technologies is headquartered in Canada
When did POET Technologies go public?
POET Technologies initial public offering (IPO) was on 25 June 2008
What is POET Technologies website?
https://www.poet-technologies.com
Is POET Technologies in the S&P 500?
No, POET Technologies is not included in the S&P 500 index
Is POET Technologies in the NASDAQ 100?
No, POET Technologies is not included in the NASDAQ 100 index
Is POET Technologies in the Dow Jones?
No, POET Technologies is not included in the Dow Jones index
When was POET Technologies the previous earnings report?
No data
When does POET Technologies earnings report?
The next expected earnings date for POET Technologies is 14 November 2024