29 May 2018

POET reports Q1/2018 results

© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.

For first-quarter 2018, POET Technologies Inc of Toronto, Canada and San Jose, CA, USA — a designer and manufacturer of optoelectronic devices, including light sources, passive waveguides and photonic integrated circuits (PIC) for the sensing and datacom markets — has reported revenue of US$673,229, down on US$717,692 last quarter and US$712,550 a year ago. Revenue primarily comprises sales of DenseLight photonic sensors for test & measurement applications.

Gross margin rose to 60.2%, up from 46.3% last quarter and 59.6% a year ago. Net loss before taxes was US$3,249,292 ($0.01 per share), down from US$3,590,648 ($0.01 per share) a year ago but up on US$2,915,240 ($0.01 per share) last quarter.

In March, POET completed a ‘bought deal’ public offering, resulting in gross proceeds of US$10.7m (C$13.8m). POET hence ended Q1 with cash and short-term investments of US$13.2m. This was despite capital investment in plant, equipment and patents rising from just US$129,531 a year ago to US$1,064,693.

During Q1, POET demonstrated a high-frequency waveguide-integrated PIN photodiode targeting 100G and 400G optical transceivers for data-center applications.

In January the firm announced the POET Optical Interposer platform, which leverages the firm’s dielectric waveguide technology to enable the co-packaging of electronics and optics in a single multi-chip module. POET also signed a memorandum of understanding (MOU) with Accelink for the co-development, qualification and sales of a family of transceiver products based on the Optical Interposer platform.

POET is attending the 8th Annual LD Micro Invitational Conference at the Luxe Sunset Boulevard Hotel in Los Angeles, where executive VP & chief financial officer Thomas R. Mika is scheduled to present on 4 June (10:30am PT). Also, the firm is holding its annual and special meeting of shareholders on 21 June (10:00am PT) at the Holiday Inn San Jose – Silicon Valley.

See related items:

POET partner with 8” silicon foundry SilTerra Malaysia to develop and manufacture Optical Interposer Platform

POET and Accelink to co-develop transceivers for 100/400G markets

POET introduces Optical Interposer Platform for co-packaging of electronic and optical components

POET’s Q2 product revenue up 39% year-on-year

POET grows revenue in Q1 after shipping backlog for DenseLight photonic sensors

POET completes acquisition of BB Photonics

POET completes acquisition of DenseLight

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Visit: www.poet-technologies.com