POET Technologies ( (TSE:PTK) ) just unveiled an update.
POET Technologies reported its fourth quarter 2024 financial results, highlighting strategic advancements aimed at scaling operations and optimizing its supply chain. The company raised $25 million through a direct offering, reflecting strong investor confidence, and is shifting manufacturing to Malaysia to reduce geopolitical risks. With significant industry recognition and partnerships with major players like LuxshareTech, Foxconn, and Mitsubishi Electric, POET is poised for revenue growth in the latter half of 2025, driven by demand in AI data centers and telecom systems.
More about POET Technologies
POET Technologies Inc. is a designer and developer of Photonic Integrated Circuits (PICs), light sources, and optical modules, primarily serving the AI and data center markets.
YTD Price Performance: -36.63%
Average Trading Volume: 1,681,547
Technical Sentiment Signal: Hold
Current Market Cap: $307M
See more data about PTK stock on TipRanks’ Stock Analysis page.