POET Technologies Q2 Loss Narrows, Revenue Increases

MT Newswires Live

08/13

POET Technologies (POET) reported a Q2 net loss Thursday of $0.07 per diluted share, narrowing from a loss of $0.21 a year earlier.

A single analyst polled by FactSet expected a loss of $0.08.

Revenue for the quarter ended June 30 was $569,925, up from $268,469 a year earlier.

An analyst expected $500,000.

The company's shares were up 1.4% in premarket activity.

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