Here's hoping there is a lower burner rate coming soon.

Net loss:

2016 Q4 - $3,978,606

2016 Q3 - $2,828,505

2016 Q2 - $3,438,620

2016 Q1 - $2,978,953

POET had ~14.4 million in the bank so probably around ~11 million now.

Revenues are ramping up which is encouraging but the cost of sales was actually greater than revenue in Q4. That is something we do not want to see. Until we get a steady margin, I would be hesitant to predict that increasing revenues would be sufficient to avert another PP.

Still, if we take Q3 (best gross margin with a 47%), it would take a 9-10x jump in revenue (from Q3 levels) to overcome the net loss. Even if revenue can countinue to double every quarter (which may be possible as it has over the first three Qs with revenue) it may be not enough to put POET in a position that it is safe enough to go forward into H2 without another raise. Wouldn't want PTK to be over a barrel when the need for another raise comes - better to be in a position of strength.