Sector: Technology | Industry: Semiconductors |
Company Contact | |
Address: | 120 Eglinton Avenue East, Suite 1107 TORONTO ON M4P 1E2 |
Tel: | 1-214-2720070 |
Website: | https://www.poet-technologies.com |
IR: | See website |
Key People | ||
Suresh Venkatesan Executive Chairman of the Board, Chief Executive Officer | Vivek Rajgarhia President, General Manager | Thomas R. Mika Chief Financial Officer, Executive Vice President, Company Secretary |
Raju Kankipati Senior Vice President, General Manager of POET USA | Kevin Barnes Vice President of Finance and Administration, Corporate Controller, Treasurer |
Business Overview |
POET Technologies Inc. (POET) is a Canada-based design and development company. The Company is engaged in offering integration solutions based on the POET Optical Interposer, a platform that allows integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET's Optical Interposer eliminates costly components and labor-intensive assembly, alignment, and testing methods employed in conventional photonics. The integration scheme and scalability of the POET Optical Interposer brings value to any device or system that integrates electronics and photonics, including growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET's Optical Interposer provides a variety of photonics applications ranging from data centers to consumer products. |
Financial Overview |
For the three months ended 31 March 2024, POET Technologies Inc revenues decreased 95% to $9K. Net loss increased 8% to $5.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Professional fees increase of 31% to $410K (expense), Wages and benefits increase of 13% to $768K (expense). |