Globe and Mail article

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

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Globe and Mail article

posted on Jul 13, 2024 09:12PM

https://www.theglobeandmail.com/investing/markets/indices/TXBB/pressreleases/27373823/3-strong-buy-semiconductor-picks-for-penny-stock-speculators/

#2. Poet Technologies Stock

Valued at $186 million by market cap, Poet Technologies (POET) designs and develops high-speed optical modules, optical engines, and light source products for hyperscale data centers. Its photonic integration solutions allow for the integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. These products cost less than competitors and consume less power while being smaller in size. The company also manufactures novel light source products for chip-to-chip data communication within and between AI servers.

In Q1 of 2024, Poet Technologies reported a net loss of $5.7 million, or $0.12 per share, compared to its year-ago loss of $5.3 million, or $0.14 per share. A pre-revenue company, Poet allocated $1.9 million towards research and development, compared to $2.3 million in the year-ago period. It emphasized that fluctuations in R&D expenses should be expected as it transitions from technology development to product development.

The single analyst covering Poet Technologies stock has a “Strong Buy” recommendation and a 12-month target price of $7.55, 143.5% higher than current prices.