Yup. All about the money. Annual report just came out and mentioned module sales ramping late 2025. So nothing anytime soon there. Frankly with their track record I’d just estimate 2026.
All current known customers’ revenue goes to SPX, not POET…except CelestialAI light sources which is a 2025+ ramp.
POET needs to raise at least $10-20 million between now and then.
Cash on hand minus short-term liabilities equals negative working capital within a matter of weeks.
Tom Mika is an abomination of a CFO.
Suresh should not be CEO.
Long time shareholders have already been diluted to oblivion and there’s no indication it’s going to end.
Annual report mentions again that POET is actively looking to sell a portion of the SPX JV. While that might not increase the share count, it has a similar effect. Then again what does it matter since that revenue would never hit POET’s books?
I still hold on hoping something comes out of left field to boost this stock price. As a self proclaimed ‘photonics enthusiast’, I think it’s a damned shame that incompetence ruined this investment. The technology has potential.
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