Re: Wow - Mitsubishi !!!
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Sep 19, 2024 10:06PM
If you believe in miracles, revenue will be starting "later this year". Summarized from the company's website:
2024 Aug 29th news release
“We fully expect that the partnerships and customers that we have announced over the past few months will mature into module designs that will qualify with end users and convert to optical engine revenue later this year and into 2025, with ultra-high growth in the years to follow.”
2024 Aug 14th news release
“The Company reported non-recurring engineering revenue (“NRE”) of nil in the second quarter of 2024 compared to $177,000 for the same period in 2023 and $8,710 in the first quarter of 2024 Historically, the Company provided NRE services to multiple customers for projects utilizing the unique capabilities of the POET Optical Interposer platform. No billable NRE services were provided in Q2 2024.”
2024 July presentation
· Slide 14: POET STARLIGHT revenues expected 2H 2024
2024 May 15th news release
The Company reported non-recurring engineering revenue (“NRE”) of $8,700 in the first quarter of 2024 compared to $181,000 for the same period in 2023 and $108,000 in the fourth quarter of 2023. In the first quarter, the Company provided under NRE contract services to multiple customers, one of which continued to contract services from last year. The revenue relates to unique projects that are being addressed utilizing the capabilities of the POET Optical Interposer.
Poet 2023 November presentation:
· Slide 19: Entered commercialization stage in 2023 - 7 customers represent near-term (3-year) revenue potential