Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Free
Message: Burn rate - from lab to fab - from fab to commercialization

Guys,

It's just me? or there is a disconnect when it comes to burn rate and increased on-going effort to commercialize POET.

Last CC, Copetti said:

03:55 – First, we have the financial strength. We start tomorrow‘s new quarter with a significantly strengthened balance sheet, with $20.5 million in cash and small operational liabilities. We expect this cash to fund about eight quarters of development expenses, which leads us beyond the point of demonstrating working prototypes and we expect to begin generating revenue before that. We also expect to have the financial muscle to be selectively opportunistic in strengthening this company further.

Yesterday CC, it was reported that they had sufficient cash on hands for 7 additionnals quarters and that they believed to have enough cash to eventually become in a positive cashflow situation.

Now, it appears to me that POET's partners are supplying a lot of ressources to get POET to the market.

Think about what has and will be achieved: epiwafers sourcing, manufacturing process flow at Wavetek, in-house product launch team plus external team, Web site to be update... no burn rate increase ?!?

Share
New Message
Please login to post a reply