News Article

POET Q2 Revenue Down But Margins Remain Strong


Company is focusing design and engineering resources on further development of InP-based hybrid dielectric photonics platform

POET Technologies, a developer of opto-electronic fabrication processes and devices, has reported its unaudited condensed consolidated financial results for Q2 ended June 30, 2017 (Q2 2017).

Revenue in Q2 2017 was $648,382, compared to $712,550 in Q1 2017 and $576,741 in Q2 2016. Revenue primarily reflects the sale of DenseLight photonic sensors for test & measurement applications. Gross margin remained strong year-over-year at 50.5 percent during Q2 2017, compared to 59.6 percent in Q1 2017 and 51.4 percent in Q2 2016.

Second quarter 2017 net loss was $2.8 million, or ($0.01) per share, compared to a loss of $3.5 million, or ($0.01) per share, in Q1 2017 and a loss of $3.4 million, or ($0.02) per share, in Q2 2016. The second quarter 2017 loss included non-cash stock-based compensation of $159,783 and depreciation & amortisation of $558,919.

Management Comments

Suresh Venkatesan, CEO of POET, commented: "As outlined at the 2017 Annual General Meeting (AGM) in July, we are focusing our design and engineering resources on further development of our InP-based hybrid dielectric photonics platform to introduce disruptive new solutions with lower cost and higher performance. "Also, as discussed at the AGM, we are focused on securing a strategic partner to assist with further developing and commercialising our monolithic GaAs optical engine.

"InP-based solutions for 100G applications have emerged as one of the largest and fastest growing segments in the data communications market. We believe our recently introduced hybrid dielectric photonics platform based on InP, which leverages a combination of POET's integrated photonics expertise and proprietary dielectric waveguide technology, provides a compelling and differentiated solution in the multi-billion-dollar transceiver market.

"Reinforcing our strategic decision to focus on an InP-based hybrid platform is the ability to leverage the Company's established InP fabrication and manufacturing facility in Singapore, which provides a number of operational and economic benefits.

"As we make progress toward developing a transceiver optical engine, we also expect to introduce photonic transceiver components for the data communications market.

"As an example, we recently introduced multiplexing and de-multiplexing devices that are based on our proprietary dielectric waveguide technology.

"We also expect to introduce distributed feedback (DFB) lasers with wavelengths spanning the O-band and C-band, with delivery of engineering samples to customers expected during the third quarter.

"Additionally, we are making solid progress on incorporating our Hybrid Integrated Photonics Packaging (HiPP) into new high-performance packaged solutions, such as narrow linewidth lasers, that will expand DenseLight's existing line of sensor products beginning in 2018."

AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.



Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
Live Event