POET reports Q2 2026 revenue up 112% year-over-year
Net loss narrowed to $11.3M, with $796.3M cash after $400M financing. Lumilens order valued at $50M, scalable to $500M over five years.
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Developer of optical engines and photonic integration solutions
poet-technologies.comLast updated
In short: POET reported strong revenue growth, secured a $50 million order from Lumilens, and faced several securities class action lawsuits.
Net loss narrowed to $11.3M, with $796.3M cash after $400M financing. Lumilens order valued at $50M, scalable to $500M over five years.
New directors have expertise in photonics and governance; Jean-Louis Malinge resigns after nine years.
It covers the Lessengers 1.6T JDA, Lumilens $50M order, and $830M cash position. Manufacturing plans and market opportunity are also highlighted.
CEO says manufacturing on schedule, production ramp expected in H2 2026, and $830M raised.
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