Poet Technologies Inc. (POET) has disclosed a new risk, in the Debt & Financing category.
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Poet Technologies Inc. faces a precarious financial future due to pronounced liquidity constraints, as highlighted by their auditors’ going concern note in the 2023 financial report. These limitations threaten their ability to acquire necessary financing or establish beneficial partnerships, potentially leading to detrimental financing terms and a decline in stock value. The company’s survival hinges on generating positive cash flow and securing external funding through equity offerings, milestone payments, and product royalties. Yet, the attainment of these objectives and the procurement of funds on favorable terms remain uncertain, casting doubt on Poet Technologies Inc.’s long-term viability.
The average POET stock price target is $3.00, implying 118.98% upside potential.
To learn more about Poet Technologies Inc.’s risk factors, click here.
