PT

POET Technologies

POET
NASDAQInformation Technology
$7.13
USD
+0.53(+7.95%)
At close: Apr 30, 19:59 UTC
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Open

$7.15

Prev. Close

$7.16

High

$7.20

Low

$7.12

Market Snapshot

Market Cap

$600.67M

P/E Ratio

-9.5

EPS

-0.93

Revenue

$41.43K

Employees

180

Why POET moved

POET Technologies' stock plummeted 50% after Marvell’s order cancellation, leading to a class action lawsuit amid concerns over governance and market disclosures.

About

POET Technologies, Inc. engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. The company is headquartered in Toronto, Ontario and currently employs 180 full-time employees. The company went IPO on 2007-06-26. The company offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. Its Optical Interposer-based products consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition, it has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Its Optical Interposer platform solves device integration challenges across a range of communication, computing and sensing applications.

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