Overview

• POET Technologies reports Q3 net loss of $9.4 mln, down from $12.7 mln last year

• Company secures $5.6 mln in initial production orders, signaling revenue ramp-up

• POET closes $250 mln equity financing for expansion and acquisitions

Outlook

• POET expects revenue growth to increase steadily throughout 2026

• POET is expanding into mobile AI telecom with NTT Innovative Devices

Result Drivers

• PRODUCTION ORDERS - Co received $5.6 mln in initial production orders from key customers, indicating a revenue ramp-up

• NEW PRODUCT INTRODUCTION - Co introduced 1.6T optical receiver with Semtech, enhancing product leadership in AI interconnect market

• EQUITY FINANCING - Co closed $250 mln equity financing to support development and expansion

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for POET Technologies Inc is $7.00, about 27.9% above its November 12 closing price of $5.05

Press Release: ID:nGNX9DwPYL

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)