POET Technologies Reports Second Quarter 2025 Financial Results
POET Technologies (NASDAQ: POET) reported Q2 2025 financial results, marking significant progress in manufacturing expansion. The company generated revenue of $268,469, up from nil in Q2 2024, but reported a net loss of $17.3 million ($0.21 per share). Key developments include completing a $30 million private placement at $5.00 per share, expanding production capacity through partnerships with Globetronics and NationGate Solutions in Malaysia, and securing Lessengers as a new customer for 800G optical engines.
The quarter saw increased R&D costs of $3.2 million, up from $2.1 million in Q2 2024, reflecting the company's transition from technology to product development. Operating cash flow was ($7.7) million. The company also granted 2,121,771 RSUs to officers at $5.42 per share, vesting over three years.
POET Technologies (NASDAQ: POET) ha pubblicato i risultati finanziari del secondo trimestre 2025, segnando progressi significativi nell'espansione della produzione. La societ脿 ha registrato ricavi di $268,469, rispetto a nessun ricavo nel Q2 2024, ma ha riportato una perdita netta di $17.3 milioni ($0.21 per azione). Tra i principali sviluppi figurano il completamento di un placement privato da $30 milioni a $5.00 per azione, l'ampliamento della capacit脿 produttiva tramite partnership con Globetronics e NationGate Solutions in Malesia e l'acquisizione di Lessengers come nuovo cliente per motori ottici a 800G.
I costi di R&S sono aumentati a $3.2 milioni, rispetto a $2.1 milioni nel Q2 2024, a riflettere la transizione dell'azienda dalla tecnologia allo sviluppo prodotto. Il flusso di cassa operativo 猫 stato di ($7.7) milioni. La societ脿 ha inoltre assegnato 2,121,771 RSU ai dirigenti al prezzo di $5.42 per azione, con maturazione su tre anni.
POET Technologies (NASDAQ: POET) present贸 los resultados financieros del segundo trimestre de 2025, mostrando un progreso notable en la expansi贸n de la fabricaci贸n. La compa帽铆a registr贸 ingresos de $268,469, frente a cero en el Q2 de 2024, pero report贸 una p茅rdida neta de $17.3 millones ($0.21 por acci贸n). Entre los hitos clave se incluyen la finalizaci贸n de una colocaci贸n privada de $30 millones a $5.00 por acci贸n, la ampliaci贸n de la capacidad productiva mediante acuerdos con Globetronics y NationGate Solutions en Malasia, y la incorporaci贸n de Lessengers como nuevo cliente para motores 贸pticos de 800G.
En el trimestre aumentaron los gastos de I+D a $3.2 millones, desde $2.1 millones en el Q2 de 2024, reflejando la transici贸n de la compa帽铆a de la tecnolog铆a al desarrollo de producto. El flujo de caja operativo fue de ($7.7) millones. La compa帽铆a tambi茅n otorg贸 2,121,771 RSU a directivos a $5.42 por acci贸n, con vesting a tres a帽os.
POET Technologies (NASDAQ: POET)電� 鞝滌“ 鞐焿 頇曥灔鞐愳劀 鞚橂 鞛堧姅 歆勳爠鞚� 氤挫澊氅� 2025雲� 2攵勱赴 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 毵れ稖 $268,469鞚� 旮半頄堨溂氅�(2024雲� 2攵勱赴鞐愲姅 毵れ稖 鞐嗢潓), 靾滌啇鞁� $17.3 million (欤茧嫻 $0.21)鞚� 氤搓碃頄堨姷雼堧嫟. 欤检殧 雮挫毄鞙茧電� 欤茧嫻 $5.00鞐� 齑濎暋 $30 million鞚� 靷 氚滍枆 鞕勲, 毵愲爤鞚挫嫓鞎勳潣 Globetronics 氚� NationGate Solutions鞕�鞚� 順戨牓鞚� 韱淀暅 靸濎偘 電ル牓 頇曤寑, 攴鸽Μ瓿� 800G 甏戩棓歆勳潣 鞁犼窚 瓿犼皾鞙茧 Lessengers 頇曤炒臧� 鞛堨姷雼堧嫟.
攵勱赴 霃欖晥 鞐瓣惮臧滊皽 牍勳毄鞚� $3.2 million鞙茧 2024雲� 2攵勱赴鞚� $2.1 million鞐愳劀 歃濌皜頄堨溂氅�, 鞚措姅 旮办垹 欷戩嫭鞐愳劀 鞝滍拡 臧滊皽搿滌潣 鞝勴櫂鞚� 氚橃榿頃╇媹雼�. 鞓侅梾順勱笀頋愲鞚� ($7.7) million鞚挫棃鞀惦媹雼�. 霕愴暅 須岇偓電� 鞛勳洂霌れ棎瓴� 欤茧嫻 $5.42 旮办鞙茧 2,121,771 RSU毳� 攵�鞐枅鞙茧┌, 鞚措姅 3雲勳棎 瓯胳硱 氩犾姢韺呺惄雼堧嫟.
POET Technologies (NASDAQ: POET) a publi茅 ses r茅sultats du deuxi猫me trimestre 2025, marquant des progr猫s significatifs dans l'expansion de sa production. La soci茅t茅 a enregistr茅 un chiffre d'affaires de $268,469, contre aucun revenu au T2 2024, mais a affich茅 une perte nette de $17.3 millions (0,21 $ par action). Parmi les faits marquants : la finalisation d'un placement priv茅 de $30 millions 脿 $5.00 par action, l'茅largissement de la capacit茅 de production via des partenariats avec Globetronics et NationGate Solutions en Malaisie, et l'acquisition de Lessengers comme nouveau client pour des moteurs optiques 800G.
Au cours du trimestre, les d茅penses de R&D ont augment茅 脿 $3.2 millions, contre $2.1 millions au T2 2024, refl茅tant la transition de la soci茅t茅 de la technologie au d茅veloppement de produit. Les flux de tr茅sorerie d'exploitation se sont 茅lev茅s 脿 ($7.7) millions. La soci茅t茅 a 茅galement attribu茅 2,121,771 RSU 脿 des dirigeants au prix de $5.42 par action, avec une acquisition 茅tal茅e sur trois ans.
POET Technologies (NASDAQ: POET) ver枚ffentlichte die Finanzergebnisse f眉r das zweite Quartal 2025 und meldete damit deutliche Fortschritte beim Ausbau der Fertigung. Das Unternehmen erzielte Umsatz von $268,469 (nach null im Q2 2024), wies jedoch einen Nettoverlust von $17.3 Millionen ($0.21 je Aktie) aus. Zu den wichtigsten Entwicklungen z盲hlen der Abschluss einer Privatplatzierung 眉ber $30 Millionen zu $5.00 pro Aktie, der Ausbau der Produktionskapazit盲t durch Partnerschaften mit Globetronics und NationGate Solutions in Malaysia sowie die Gewinnung von Lessengers als neuen Kunden f眉r 800G-Optikmodule.
Die F&E-Kosten stiegen auf $3.2 Millionen (von $2.1 Millionen im Q2 2024), was die Umstellung des Unternehmens von Technologie- auf Produktentwicklung widerspiegelt. Der operative Cashflow betrug ($7.7) Millionen. Das Unternehmen gew盲hrte au脽erdem 2,121,771 RSU an F眉hrungskr盲fte zu $5.42 je Aktie, mit einer Vesting-Phase von drei Jahren.
- Secured $30 million private placement financing - largest in company history
- Expanded manufacturing capabilities through new partnership with NationGate Solutions
- Added Lessengers as new customer for 800G optical engines
- Revenue increased to $268,469 from nil year-over-year
- Won AI Hardware Innovation Award, marking sixth award in 12 months
- Net loss widened to $17.3 million from $8.0 million year-over-year
- Negative operating cash flow of $7.7 million
- R&D costs increased to $3.2 million from $2.1 million year-over-year
- Non-cash loss of $7.5 million from derivative warrant liability adjustment
Insights
POET's Q2 shows mixed signals: expanding manufacturing capacity and securing $30M funding despite widening losses and minimal revenue.
POET Technologies' Q2 2025 results reveal minimal revenue generation of
The company's R&D expenses increased by
On the positive side, POET secured a critical
The expansion of manufacturing capabilities through partnerships with Globetronics and NationGate Solutions in Malaysia marks a strategic shift toward volume production. Meanwhile, the new customer agreement with Lessengers for 800G optical engines indicates potential commercial traction in the high-speed optical interconnect market.
POET remains firmly in the pre-revenue commercialization phase, with minimal product revenue. The company's focus on preparing for volume production suggests management believes a revenue inflection point is approaching, but investors should note the significant gap between current financial performance and commercial success.
TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. (鈥�POET鈥� or the 鈥�Company鈥�) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported its unaudited condensed consolidated financial results for the second quarter ended June 30, 2025. The Company鈥檚 financial results as well as the Management Discussion and Analysis have been filed on SEDAR+. All financial figures are in United States dollars (鈥淯SD鈥�) unless otherwise indicated.
Management Commentary:
鈥淭he second quarter of 2025 marked a major step forward in preparing for volume production of optical engines at Globetronics, with all equipment now installed and operational,鈥� said Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies. 鈥淚n addition, we expanded our manufacturing capabilities by engaging with NationGate Solutions (M) Sdn. Bhd in Malaysia to build our light source products. Customers have been visiting Malaysia as we qualify both facilities for production.
鈥淥ur customer engagements are intensifying and expanding. We added Lessengers as a new customer based in Korea, which has committed to a module development using POET鈥檚 800G optical engines.
鈥淚n May, we closed a
Notable Business Highlights:
- Partnered with Lessengers, an innovative optical solution provider based in South Korea, to offer a differentiated 800G DR8 transceiver.
- Expanded production capacity by signing a Master Agreement, Module Purchase Agreement and a Deed of Consignment with NationGate Solutions (M) Sdn. Bhd, to manufacture optical engine assemblies for POET in Penang, Malaysia.
- Successfully completed another round of equity financing at
$5.00 per share for gross proceeds of$30,000,000. - Selected as the winner of the 鈥淎I Hardware Innovation Award鈥� in the 8th听annual AI Breakthrough Awards. This was the sixth notable award the Company has won in the past 12 months.
Non-IFRS Financial Summary
The Company reported non-recurring engineering (鈥淣RE鈥�) and product revenue of
The Company reported a net loss of
The largest component of the Company鈥檚 loss was from the non-cash loss in the fair value adjustment to derivative warrant liability of
Other non-cash expenses in the second quarter of 2025 included stock-based compensation of
The Company recognized other income, including interest of
Cash flow from operating activities in the second quarter of 2025 was (
Summary of Financial Performance
The following is a summary of the Company鈥檚 operations over the five quarters ending June 30, 2025. This information should be read in conjunction with the Company鈥檚 financial statements filed on Sedar + on August 11, 2025.
| 听 | ||||||||||||
| POET TECHNOLOGIES INC. PROFORMA 鈥� NON-IFRS AND IFRS PRESENTATION OF OPERATIONS (All figures are in U.S. Dollars) | ||||||||||||
| 听 | ||||||||||||
| For the Quarter ended: | 听 | 听 | 30-Jun-25 | 听 | 31-Mar-25 | 听 | 31-Dec-24 | 听 | 30-Sep-24 | 听 | 30-Jun-24 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |||||
| Revenue | 听 | 听 | 268,469 | 听 | 166,760 | 听 | 29,032 | 听 | 3,685 | 听 | - | 听 |
| Research and development | 听 | 听 | (3,150,044) | 听 | (4,360,192) | 听 | (3,437,683) | 听 | (1,765,481) | 听 | (2,117,828) | 听 |
| Depreciation and amortization | 听 | 听 | (792,814) | 听 | (726,868) | 听 | (475,281) | 听 | (525,955) | 听 | (509,699) | 听 |
| Professional fees | 听 | 听 | (562,583) | 听 | (276,184) | 听 | (679,156) | 听 | (480,871) | 听 | (366,839) | 听 |
| Wages and benefits | 听 | 听 | (1,042,380) | 听 | (2,123,274) | 听 | (758,883) | 听 | (667,963) | 听 | (780,146) | 听 |
| Loss on acquisition of | 听 | 听 | - | 听 | - | 听 | (6,852,687) | 听 | - | 听 | - | 听 |
| Stock-based compensation | 听 | 听 | (1,165,482) | 听 | (841,793) | 听 | (1,404,995) | 听 | (1,525,131) | 听 | (1,591,741) | 听 |
| General expenses and rent | 听 | 听 | (1,009,778) | 听 | (898,056) | 听 | (474,937) | 听 | (465,448) | 听 | (448,357) | 听 |
| Finance advisory fees | 听 | 听 | (1,302,464) | 听 | (476,802) | 听 | (4,239,831) | 听 | (1,319,392) | 听 | (942,576) | 听 |
| Derivative liability adjustment | 听 | 听 | (7,559,991) | 听 | 15,382,971 | 听 | (12,444,661) | 听 | (6,179,836) | 听 | (1,376,761) | 听 |
| Interest expense | 听 | 听 | (30,925) | 听 | (32,786) | 听 | (31,605) | 听 | (30,482) | 听 | (20,833) | 听 |
| Other (income), including interest | 听 | 听 | 533,308 | 听 | 527,782 | 听 | 511,448 | 听 | 216,337 | 听 | 174,911 | 听 |
| Unrealized foreign exchange loss | 听 | 听 | (1,448,691) | 听 | 听 | 听 | 听 | 听 | ||||
| Net loss | 听 | 听 | (17,263,375) | 听 | 6,341,558 | 听 | (30,259,239) | 听 | (12,740,537) | 听 | (7,979,869) | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |||||
| Net income (loss) per share - Basic | 听 | 听 | (0.21) | 听 | 0.08 | 听 | (0.50) | 听 | (0.20) | 听 | (0.14) | 听 |
| Net income (loss) per share - Diluted | 听 | 听 | - | 听 | - | 听 | (0.50) | 听 | (0.20) | 听 | (0.14) | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
Restricted Stock Unit (鈥淩SU鈥�) Grant
On August 7, 2025, the board of directors of the Company approved the grant of 2,121,771 RSUs at a price of
About POET Technologies Inc.
POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers.听 POET鈥檚 photonic integration solutions are based on the POET Optical Interposer鈩�, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems.听 POET鈥檚 Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles.听 POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore.听 More information about POET is available on our website at听.
| 听 | 听 |
| Media Relations Contact: | Company Contact: |
| Adrian Brijbassi | Thomas R. Mika, EVP & CFO |
| [email protected]听 | [email protected]听 |
| 听 | 听 |
Forward-Looking Statements
This news release contains 鈥渇orward-looking information鈥� (within the meaning of applicable Canadian securities laws) and 鈥渇orward-looking statements鈥� (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as 鈥渁nticipate鈥�, 鈥渂elieve鈥�, 鈥渆xpect鈥�, 鈥減lan鈥�, 鈥渋ntend鈥�, 鈥減otential鈥�, 鈥渆stimate鈥�, 鈥減ropose鈥�, 鈥減roject鈥�, 鈥渙utlook鈥�, 鈥渇oresee鈥� or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company鈥檚 expectations with respect to the success of the Company鈥檚 product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company鈥檚 technology as well as the market acceptance, inclusion and timing of the Company鈥檚 technology in current and future products and expectations for approval of proposals at the Company鈥檚 annual meeting of shareholders.
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management鈥檚 expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, plans for and completion of projects by the Company鈥檚 consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, lack of sales in its products, once released, operational risks in the completion of the Company鈥檚 anticipated projects, lack of performance of its joint venture, risks affecting the Company鈥檚 ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, the ability to raise additional capital and the agreement by shareholders to approve proposals put forth by the Company at shareholders鈥� meetings. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company鈥檚 securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
FAQ
What were POET Technologies' (NASDAQ: POET) Q2 2025 earnings results?
How much did POET Technologies raise in their private placement in 2025?
What new manufacturing partnerships did POET announce in Q2 2025?
What was POET Technologies' operating cash flow in Q2 2025?
What new customer did POET Technologies secure for their 800G optical engines?
How many RSUs did POET Technologies grant in August 2025?
