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Alias Born | 04/22/2010 |
Tuesday, November 14, 2017 11:31:57 AM
Revenue was US$715,420
Gross profit was US$367,233, or 51.0% of sales, compared to 63.0% in the third quarter of 2016
Ended the quarter with cash and short-term investments of US$7.5 million
Appointed Jean-Louis Malinge to the Board of Directors
Introduced new products from DenseLight, including distributed feedback (DFB) lasers for the 100G datacom market, avalanche photodiodes (APDs) for the 10G telecom markets, and a new family of narrow linewidth (NLW) lasers for the distributed acoustic sensing (DAS) market
Since May 2017, the Company has been granted 6 patents and submitted 2 new applications, bringing the total granted to 57 and the number of pending patent applications to 8
The integrated twin waveguide PIN detector under development has tested at bandwidths exceeding the requirements for a 25 Gbps data rate needed for the Company’s on-schedule launch of its Receive Optical Engines in mid-2018. Receive Optical Engines combine a Quad Channel PIN detector and a Quad Channel De-Mux to form a critical piece of the Receive Optical Sub-Assembly (ROSA).
Revenue in the third quarter of 2017 was US$715,420, compared to US$648,382 in the second quarter of 2017 and US$861,545 in the third quarter of 2016. Revenue primarily reflects the sale of DenseLight photonic sensors for test & measurement applications. Gross margin was 51.0% compared to 50.5% in the previous quarter and 63.0% during the third quarter of 2016. Third quarter 2017 net loss was US$3.6 million, or ($0.01) per share, compared to a loss of US$2.8 million, or ($0.01) per share, in the second quarter of 2017 and a loss of US$2.8 million, or ($0.01) per share, in the third quarter of 2016. The third quarter 2017 loss included non-cash, stock-based compensation of US$1,088,170 and depreciation & amortization of US$559,334. Non-cash stock-based compensation and depreciation & amortization in the second quarter of 2017 were US$159,783 and US$558,919, respectively, and US$1,019,970 and US$550,420 in the third quarter of 2016.
https://finance.yahoo.com/news/poet-technologies-reports-third-quarter-211011149.html
So $7.5 million cash, better get a JV or NRE in next 6 months to avoid a raise, no mention on India RFP, but InP Hybrid with Dielectric seems on-track for ROSA/TOSA mid-2018
Role of polymers will accelerate quickly (slide 53)
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