POET Technologies Swings to Q1 Loss, Revenue Increases

MT Newswires Live

05/15

POET Technologies (POET) reported a Q1 loss Thursday of $0.08 per diluted share, swinging from net income of $0.08 a year earlier.

A single analyst polled by FactSet expected a loss of $0.05.

Revenue for the quarter ended March 31 was $503,389, up from $166,760 a year earlier.

A single analyst surveyed by FactSet expected $300,000.

Shares of the company fell more than 3% in recent premarket activity Friday.

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