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POET Technologies Inc

POET Technologies Inc (PTK)

3.35
0.11
(3.40%)
Closed May 16 4:00PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
3.35
Bid
3.30
Ask
3.45
Volume
163,141
3.26 Day's Range 3.63
0.00 52 Week Range 0.00
Market Cap
Previous Close
3.24
Open
3.63
Last Trade
200
@
3.35
Last Trade Time
Financial Volume
-
VWAP
-
Average Volume (3m)
-
Shares Outstanding
42,488,000
Dividend Yield
-
PE Ratio
-7.02
Earnings Per Share (EPS)
-0.48
Revenue
466k
Net Profit
-20.27M

About POET Technologies Inc

Sector
Engineering Services
Industry
Mining & Extracting Div'e
Headquarters
Toronto, Ontario, Can
Founded
1985
POET Technologies Inc is listed in the Engineering Services sector of the TSX Venture Exchange with ticker PTK. The last closing price for POET Technologies was $3.24. Over the last year, POET Technologies shares have traded in a share price range of $ 0.00 to $ 0.00.

POET Technologies currently has 42,488,000 shares outstanding. The market capitalization of POET Technologies is $142.33 million. POET Technologies has a price to earnings ratio (PE ratio) of -7.02.

PTK Latest News

POET Technologies Reports First Quarter 2024 Financial Results

TORONTO, May 15, 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...

POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems

POET Announces Design Win and Collaboration with Foxconn Interconnect Technologyfor High-speed AI Systems Toronto, Ontario, May 14, 2024 -- InvestorsHub NewsWire -- POET Technologies...

POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and...

POET Announces Closing of Private Placement Financing for CAD$10 Million

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 10, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture:...

POET Announces Closing of CAD$10 Million Non-brokered Financing with a Single Institutional Investor

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 03, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX...

POET Announces Additional Private Placement Financing for CAD$10 Million

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 29, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX...

POET Announces CAD$10 Million Non-brokered Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 29, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX...

POET Augments Investor Outreach Efforts and Announces Management Role Change

TORONTO, April 17, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and...

POET to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10

TORONTO, Canada -- April 3, 2024 -- InvestorsHub NewsWire -- POET Technologies Inc. (POET) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™...

POET to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated...

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PTK Discussion

View Posts
Telling you there’s a chance Telling you there’s a chance 15 hours ago
Sad indeed, he shared some good knowledge with the forum like not too many could.

He will be missed.
👍️0
20stockman20 20stockman20 17 hours ago
I do not drink ,however I will have an icedtea .
👍️ 1
KCCO7913 KCCO7913 17 hours ago
Damn. Rest easy, Bill. I think that was his name…

I always enjoyed our dialogues together. He was a very sharp person and clearly had a passion for photonics. We spent most of our time here in the mud and drinking scotch.

I’ll pour one for him this evening.
👍️ 1
rwk rwk 17 hours ago
Just to let everyone here know, AWBW has passed. He had aggressive ALS and passed the day the Foxconn announcement was released. Seems he got the Hail Mary event for Poet in the end.
👍️0
20stockman20 20stockman20 1 day ago
The train is leaving the station, , don’t be left behind.
👍️0
Xrouter Xrouter 1 day ago
They seem fine. I may get my feet wet if they drop some more in price
👍️0
20stockman20 20stockman20 1 day ago
Not partners \, just see thins the same way. How do you see thins?
👍️0
Xrouter Xrouter 2 days ago
Hey 20. You guys sure Poet partnered with the right Foxconn??????
👍️0
20stockman20 20stockman20 2 days ago
I agree.
👍️0
macnai macnai 2 days ago
"The growth in demand from emerging applications such as artificial intelligence and machine learning requires continuous innovation to keep pace with power and cost requirements,” said Joseph Wang, CTO at FIT. “We are excited to partner with POET on this development. POET’s hybrid-integration platform technology will enable us to use best-of-breed components and ramp to high volume at a much faster pace and in a cost-efficient manner.”
👍️0
mackwheaton mackwheaton 2 days ago
Just a guess, KCCO, but I’m thinking it won’t be as much about competition as it will be about customization (for Foxconn’s biggest customers) and standardization (off the shelf POET transceivers for others that don’t require the specificity).

Millions of shares bought in the $1s during the TSY video rave likely ready for profit taking. The key now may be to get to $5+ and get broader institutional investment.
👍️ 1
KCCO7913 KCCO7913 2 days ago
Great news.

Must be what Mark Lustig brought in for that consulting fee.

Foxconn wasn’t on the customer funnel last fall so the 200G per lane capability must have caught their eye.

If anyone is to acquire SPX in the future, seems like Foxconn would be a likely candidate.

Interesting that POET is supplying engines for 800G+ to other companies all the while building modules themselves. Interesting dynamic competing with themselves.
👍️ 1
Telling you there’s a chance Telling you there’s a chance 2 days ago
And here’s the video noting some of the biggest players will have access to the products built at Foxconn

👍️0
Telling you there’s a chance Telling you there’s a chance 2 days ago
Looks like the OFC or some other catalyst is working out for Poet

https://ih.advfn.com/stock-market/NASDAQ/poet-technologies-POET/stock-news/93844114/poet-announces-design-win-and-collaboration-with-f
👍️0
glenn1919 glenn1919 5 days ago
POET........................https://stockcharts.com/h-sc/ui?s=POET&p=W&b=5&g=0&id=p86431144783
👍️0
20stockman20 20stockman20 6 days ago
looking for $2.95 to $3.00
👍️0
TG Gazzoo TG Gazzoo 6 days ago
One institution just bought 10% 2 others took a10Mill position in the last few weeks !
SOMETHING IS AFOOT !!!!!!!!!

The Great GAZZOO
👍️ 2
20stockman20 20stockman20 7 days ago
POET is on the move
👍️ 1
TG Gazzoo TG Gazzoo 1 week ago
I hope you ment Maestro, Winter Beenthere etc Not Gilver. Gilver has been a one man army battling the retards.
👍️ 2
yoojoonyoong yoojoonyoong 2 weeks ago
unbeliavable what they did to that sight..people are moving back to other boards like Stockhouse if you can stomack past idiot posters like that Gilver guy over there.
👍️ 1
longs longs 2 weeks ago
GOOD GOD AGORACOM SITE SUCKS!
👍️0
20stockman20 20stockman20 2 weeks ago
I agree , looking for $2.95 -$3.00
👍️0
GARYM1 GARYM1 2 weeks ago
Next week could be fun,fresh start to month and just went through a nice sell off
👍️ 2
Telling you there’s a chance Telling you there’s a chance 2 weeks ago
Wow! You seemed to turn your attitude around too according to this post I’m replying too. Another bandwagon jumper that had an epiphany.

KCCO and AWBW acknowledged their criticisms

You however posted:

“POET has yet to prove they are more than a freshman science experiment. 100g was supposed to sell, then 200g, followed by 400g. They just raised that to 800 and still no takers! Who will bid 1.6t, do I hear 3.2t ?????”

Guess what? That’s exactly where they’re going!

Are you going to own that like the others did? Or do YOU decide when it’s ok to criticize and when to give praise?

Why should loyal supporters be hurt by this drivel?
You guys try to ruin the sentiment of this company which is trying to catch a future wave in AI whether that’s light sources or data centers. Don’t tell me I’m Debbie downer, when that’s all you guys have been doing.
👍️ 7
rwk rwk 2 weeks ago
There has been a flurry of positive announcements out of Poet. Enough to keep the other board busy with positivity. With all the good news coming out of Poet, you choose to pick fights with allwillbewave? Wow.
👍️0
20stockman20 20stockman20 2 weeks ago
Loaded up at opening, looking to ride the next wave.
👍️0
allwillbewave allwillbewave 2 weeks ago
I left him 10% of my holdings hoping for a Hail Mary for him in trust. He is a teen.

Enjoy your scotch that’s some good stuff.

Cheers
👍️ 1
Telling you there’s a chance Telling you there’s a chance 2 weeks ago
Wow! Crapping all over Poet while your grandson has shares. Thx Grandpa! I’ve never heard of this in my lifetime, then again, the way this world is going, I shouldn’t be surprised.

Is he old enough to belly up to the bar you referenced with the laughing face you posted since you sold all your shares and laughed at us bag holders for the last 8 months, what a great grandpa you are.

Man, You and KCCO have lost all credibility around here and guess what…. The party hasn’t even started yet.

But you’re both all happy now? I ain’t buying one thing you guys spew, the second sip of scotch will be for you. (Macallan 18 of course)
👍️ 6 👎️ 2 💩 2 💯 3 🤡 1
allwillbewave allwillbewave 2 weeks ago
Yes I said all that and I hope I am proven to be wrong. I could not believe the management would allow us to almost go bankrupt.

I hope they do find some sustainable success but I would keep my eye on the foundries and their Pic plans.

My grandson is having fun with his eventual Poet shares reaching all time highs.

I was out last August on unrelated management and stock price issues.

Good luck!
👍️ 1
Telling you there’s a chance Telling you there’s a chance 2 weeks ago
Allwillbewrong, let’s not forget this beauty you posted not even 3 weeks ago.

They haven’t even released anything substantial but the story seems to have legs, or are they really working with Meta through Luxshare?Is something going on with Arista, is Teresa Land Ende just there for decorations?

You should hear what I’m hearing from the OFC, if that’s confirmed shortly, people will soon realize it’s true potential.

You spewed enough drivel without real facts behind it other than the share price stinks and foundries are claiming to do their own thing,

Even if that’s the case they still need light sources, on the tranceiver side, who has a roadmap they can show and provide samples at 1.6t- 3.2t at scale?

I’ve seen a plan to 6.4tbps. Now that’s leading edge!



By the way, the light sources are amazing and cost less than anything else on the market and also turned heads at the show.

So easy to kick them when they’re down. Stop looking at the paperwork and start calling the industry players.
👍️ 6 💩 1
Cuppy Cuppy 2 weeks ago
I guess you completely out of POET now. Enjoy your liberation!
👍️ 2
Monksdream Monksdream 2 weeks ago
Rose above $3 which is psychologically significant
👍️0
tedpeele tedpeele 2 weeks ago
Was the YouTube video a pump with legs or just a pump to get the price up? Haven't seen it.
👎️ 2 💩 2 🚽 1 🤡 1 🧻 1
KCCO7913 KCCO7913 2 weeks ago
What’s your go-to nice scotch?

I hope you’re smart enough to understand that YouTube video saved the day here. Unless you’re an insider at the company, that came out of left field.

Again…I am happy this all happened. I’ll gladly wear that clown suit.

Cheers
👍️0
Telling you there’s a chance Telling you there’s a chance 2 weeks ago
Read this beauty you put out not even a month ago.

You say you’re all happy now, even stating you’ve been trading this titanic of a stock. Who’s going to believe you?

When they announce the follow up from OFC interest, all it takes is one company to sign on, which they're telegraphing that interest to us in the documentation of the private placements… then I’ll be drinking some real nice scotch remembering how in the end, KCCO, you were the real clown the whole time.
👍️ 5 💩 1
KCCO7913 KCCO7913 2 weeks ago
Haha oh I’m so so sorry that I’m happy they avoided insolvency by a matter of weeks (two times in 6 months).

I stand by every single thing I’ve said about this company. Sure plenty of those statements came with negative connotations and yes many of them were fueled with emotions from losing a lot of money. But those statements came from valid observations of this company and industry.

Or maybe I’m just happy because I recouped nearly all my previous losses by trading this recently. And my previous average was around $4-5.

Anyway, POET finally did something right and now they will survive.

GFY. ;)
💩 1
Telling you there’s a chance Telling you there’s a chance 2 weeks ago
Well done Poet!

Really KCCO?

You’ve been bashing the hell outta this for months and stabbing the company in the back every chance you get…..now people are lined up to give them millions and all of a sudden, now you come around?

Too late, if they go down, I’ll be the idiot, but if they succeed, you will remembered as the clown who tried to put them out of their misery posting on every board know to man that they had no cash and they were imminently going out of business.

Thx for fuelling all the negative dissent. Now you come around all rosy, take a hike!
👍️ 7 💩 1
Monksdream Monksdream 2 weeks ago
Good strategy when it comes trading nano cap stonks
👍️0
20stockman20 20stockman20 2 weeks ago
That’s why I buy the dip and sell the rip.
👍️0
Monksdream Monksdream 2 weeks ago
That is also part of the game
👍️0
20stockman20 20stockman20 2 weeks ago
Until it isn't
👍️0
Monksdream Monksdream 2 weeks ago
The trend is your friend
👍️0
Monksdream Monksdream 2 weeks ago
Capital raise, which, if you know how the game is played, also means dilution
👍️0
20stockman20 20stockman20 2 weeks ago
This still sounds like pump and dump to me. I may be wrong. \, however the is why I and doing what I am doing.
👍️0
KCCO7913 KCCO7913 2 weeks ago
Per Agora there was a filing today…no link yet…but said as of 4/26 they had $8 million USD in working capital. Without ATM usage I was estimating about $1 million in working capital right about now. So it looks like they did indeed take advantage of the ATM the last 10 days or so and raised ~$7 million.

Add this weeks private placement of about $7.2 million USD and they estimate $15.24 million on hand.

Burn rate hovers between $1-1.4 million per month so there’s a year of cash on hand now.

Well done, POET. Phew.

Best $100,000 spent on marketing if that new company is who put together the YouTuber video. Wow what a Hail Mary.
👍️ 3
Xrouter Xrouter 2 weeks ago
Not me I’m all out at a little over $3. Hopefully we see it this week but I doubt it very very much. Good luck. Traders are gone and praying to exit at my average
👍️0
20stockman20 20stockman20 2 weeks ago
I aree, looking to sell the rip.
👍️0
KCCO7913 KCCO7913 2 weeks ago
It would be a major relief if they raise this whole PP AND several million via the ATM.

If they get $15 million USD in their pockets…no need to think/worry about money until the end of the year. And hopefully by then the commercialization path has become even more clear and some positive surprises in between.
👍️0
Xrouter Xrouter 2 weeks ago
As long as they can push this over $3 US a share. Then it’s Adios Amigos.
👍️0
mackwheaton mackwheaton 2 weeks ago
I’m guessing that offering has already closed, with a 25% and growing profit in hand.

And no hold period. What a deal!
👍️0

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