Re: questions
posted on
Oct 31, 2016 09:04AM
Yes, from the August 30th, 2016 news release,
Outlook for Second Half of 2016
POET expects revenue in the second half of 2016 to exceed $2,000,000, driven primarily by the increased sales of sensor products weighted toward the end of the year. The Company is unlocking the potential of a newly acquired portfolio of products, technology, fab operations, and customer base through investments in growth markets. POET plans to announce several new products in the second half of the year, which is expected to support continued growth into 2017. The Company also expects the DenseLight business unit to reach positive operating cash flow by the first quarter of 2017, helping to fund POET’s future product roadmap.
Note that it also states about DL positive cash flow by Q1 2017, but the new corporate slide presentation roughly 6 weeks later extended the time frame to Q2 2017.
Definitely plenty of clarification needed from Poet Leadership.