PTK.V - POET Technologies Inc.

TSXV - TSXV Delayed Price. Currency in CAD
0.5100
+0.0650 (+14.61%)
At close: 3:59PM EST
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Previous Close0.4450
Open0.4400
Bid0.5100 x 0
Ask0.5200 x 0
Day's Range0.4550 - 0.5100
52 Week Range0.3000 - 0.5100
Volume1,095,041
Avg. Volume185,480
Market Cap157.57M
Beta (5Y Monthly)0.11
PE Ratio (TTM)N/A
EPS (TTM)-0.0470
Earnings DateNov 20, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.50
  • GlobeNewswire

    POET Technologies Completes Optical Interposer Development Project

    POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced updates related to multiple recent developments across the Company. As previously announced, POET received orders in 2018 from this customer to provide initial device prototypes of its Optical Interposer platform to systematically address specific integration requirements under a paid development program. At its Annual General Meeting in September, the Company disclosed that it had successfully completed all but one of an eight-step project and that it expected to complete the final milestone by the end of 2019.

  • GlobeNewswire

    POET Technologies Reports Third Quarter 2019 Financial Results

    POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2019. The Company’s financial results as well as the Management Discussion and Analysis for the periods have been filed on SEDAR.

  • GlobeNewswire

    POET Announces Successful Closing of DenseLight Sale

    POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced the successful closing of the sale of its DenseLight subsidiary in Singapore and the receipt of the first tranche payment from the Buyer. The Company completed the sale of its wholly owned subsidiary, DenseLight Semiconductors Pte. Ltd., to a consortium of investors organized under DenseLight Semiconductor Technology (Shanghai) Ltd. (“DL Shanghai”). The first tranche payment was received in the amount of US$8 million in return for which the Company initiated the transfer of 30% of DenseLight shares to the Buyer.

  • Such Is Life: How POET Technologies (CVE:PTK) Shareholders Saw Their Shares Drop 67%
    Simply Wall St.

    Such Is Life: How POET Technologies (CVE:PTK) Shareholders Saw Their Shares Drop 67%

    This week we saw the POET Technologies Inc. (CVE:PTK) share price climb by 18%. But that can't change the reality that...

  • GlobeNewswire

    POET Announces Appointment of Vivek Rajgarhia as President and Suresh Venkatesan as Chairman & CEO

    POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced the appointment of industry veteran, Vivek Rajgarhia as President & General Manager of the Company, while Dr. Suresh Venkatesan adds the title of Chairman to his existing role as Chief Executive Officer of POET Technologies. David Lazovsky, who has been Executive Chairman since early 2017, resigned as Executive Chair but will continue as a Director on POET’s Board of Directors.

  • GlobeNewswire

    POET Sale of DenseLight Subsidiary to Close on or before November 8

    POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced that the Closing of the sale of the Company’s subsidiary, DenseLight Semiconductors Pte. Ltd. (“DenseLight”) to DenseLight Semiconductor Technology (Shanghai) Co. Ltd (the “Buyer” or “DL Shanghai”) will close on or before Friday, November 8, 2019. In the case of the sale of the shares of DenseLight to the Buyer, the result is a short delay in the ODI process and subsequent transfers needed to make the first tranche payment of US$8 million to the Company. With the extended review process likely to continue for some time, and to ensure that all interested investors in DL Shanghai are able to participate, the Company has agreed to receive the total purchase price of US$26 million in three tranches, with the first being a payment of US$8 million on or before November 8, plus two additional installments of US$13 million on or before December 31, 2019 and another for US$5 million on or before May 31, 2020.

  • GlobeNewswire

    POET Shareholders Approve Sale of DenseLight Subsidiary

    TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced that shareholders approved the sale of Company’s subsidiary, DenseLight Semiconductors Pte. Ltd. (“DenseLight”) to DenseLight Semiconductor Technology (Shanghai) Co. Ltd (the “Buyer”). At the Company’s Special Meeting of Shareholders (the “Special Meeting”), held on October 24, 2019, shareholders  voted overwhelmingly in support of the resolution (the “Share Sale Transaction Approval Resolutions”) approving the sale with 99.78% of total votes submitted by POET shareholders either in person or represented by proxy at the Special Meeting, in accordance with the requirements of the TSX Venture Exchange.

  • GlobeNewswire

    POET Affirms Special Meeting Date and Mailing of Revised Circular

    TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today affirms the date of its upcoming Special Meeting of Shareholders (the “Special Meeting”) to be held on October 24, 2019. As such, the revised Circular and Proxy Materials were mailed on October 1, 2019 to all registered Shareholders of POET’s common stock as of the close of business on September 27, 2019 (the “Record Date”). As communicated at the Company’s recent Annual General Meeting on September 20th, the subject of the new Special Meeting of the shareholders will be to approve amended resolutions on the previously announced sale of its DenseLight subsidiary.

  • GlobeNewswire

    POET Technologies Provides Highlights from Annual Meeting

    TORONTO, Sept. 23, 2019 -- POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), designer and developer of the POET Optical Interposer and Photonic.

  • GlobeNewswire

    POET Technologies Closes Fifth Tranche of Convertible Debentures

    POET Technologies Inc. (“POET” or the “Company”) is pleased to announce that it has closed a fifth and final offering of its previously announced 12.0% convertible unsecured debentures (the “Convertible Debentures”), brokered by the Company’s financial advisor IBK Capital. The Company raised gross proceeds of C$182,000 through the fifth tranche closing and, together with the approximately C$4.9 million in gross proceeds collectively raised from the first, second, third and fourth tranche closings on April 4, May 3, June 3, and August 6, 2019, respectively, the Company has now raised approximately C$5.1 million. IBK Capital was paid a cash commission of 5.0% of the gross proceeds raised.

  • GlobeNewswire

    POET Confirms AGM Webcast Presentation and New Special Meeting Date

    TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today confirmed that it will audio webcast a presentation, including a question and answer session, at its upcoming Annual General Meeting (“AGM”) on September 20, 2019 and also notified shareholders of a new Special Meeting to be held on October 24, 2019. Following completion of the formal business of the AGM, Dr. Suresh Venkatesan, the Company’s Chief Executive Officer will present “Leading the Way to Chip-Scale Integrated Photonics” outlining the Company’s vision for establishing a global leadership position in integrated, on-chip photonics, enabled by POET’s innovative Optical Interposer platform.  Dr. Venkatesan will review recent developments toward an integrated optical engine designed for pluggable 100G and 400G transceivers, which the Company regards as a first step toward its vision of achieving a leadership position in on-chip integrated photonics.

  • Is POET Technologies Inc. (CVE:PTK) Excessively Paying Its CEO?
    Simply Wall St.

    Is POET Technologies Inc. (CVE:PTK) Excessively Paying Its CEO?

    In 2015 Suresh Venkatesan was appointed CEO of POET Technologies Inc. (CVE:PTK). This analysis aims first to contrast...

  • GlobeNewswire

    POET Technologies Reports Second Quarter 2019 Financial Results

    TSX Venture: PTK), a designer, developer and manufacturer of optoelectronic devices, including light sources, passive wave guides, and Photonic Integrated Circuits (PICs) for the data- and tele-communication markets, today reported its unaudited consolidated financial results for the three and six months ended June 30, 2019. The Company’s financial results as well as the Management Discussion and Analysis for the periods have been filed on SEDAR. Due to the impending sale of its wholly owned subsidiary, DenseLight Semiconductor Pte Ltd (“DenseLight”), the Company is required to report the activities of DenseLight as a discontinued operation with effect from January 1, 2019.

  • GlobeNewswire

    POET Technologies Signs Deal for Sale of DenseLight

    TSX Venture: PTK), a designer, developer and manufacturer of optoelectronic devices, including light sources, passive waveguides, and Photonic Integrated Circuits (PICs) for the data- and tele-communication markets, today announced that it has signed a definitive agreement with respect to its previously announced sale of its wholly-owned Singapore-based subsidiary, DenseLight Semiconductors, Pte. Ltd. (“DenseLight”). In connection with the sale, which requires approval from the Company’s shareholders, POET has posted the Share Sale Agreement (“SSA”) on SEDAR (www.sedar.com) and published a Management Information Circular (“Circular”) for the Annual and Special Meeting of the Shareholders (the “Meeting”), set for September 20, 2019, via the TSX Trust website (http://docs.tsxtrust.com/2042).

  • CNW Group

    Green Rise Provides Further Details and Updates on Proposed Qualifying Transaction with Bull Market Farms Inc. and Related Private Placement

    Green Rise Provides Further Details and Updates on Proposed Qualifying Transaction with Bull Market Farms Inc. and Related Private Placement

  • GlobeNewswire

    POET Technologies Closes Fourth Tranche of Convertible Debentures

    POET Technologies Inc. (“POET” or the “Company”) is pleased to announce that it has closed a fourth tranche offering of its previously announced 12.0% convertible unsecured debentures (the “Convertible Debentures”), brokered by the Company’s financial advisor IBK Capital. The Company raised gross proceeds of C$550,000 through the fourth tranche closing and, together with the approximately C$4.3 million raised from the first, second and third tranche closings on April 4, May 3, and June 3, 2019, respectively, the Company has now raised approximately C$4.9 million gross of Convertible Debentures. Proceeds from the fourth tranche of Convertible Debentures are expected to be used to fund operations pending the completion of the Company’s previously announced sale of its subsidiary DenseLight Semiconductors Pte Ltd., expected in October 2019.

  • GlobeNewswire

    POET Technologies Announces Date Change and Sets Venue for Annual and Special Meeting of Shareholders

    A revised notice of the meeting date, now set for September 20, 2019 has been provided to the relevant intermediaries by TSX Trust, the Company’s transfer agent.  The extension of the meeting date is intended to allow the Company and the buyer of POET’s DenseLight subsidiary the time to secure all necessary internal approvals, except the required approval of POET’s shareholders. The record date for the Meeting (the date on which those holding POET’s common stock as of the close of business will be entitled to vote in person or by proxy at the Meeting) has also been changed to August 9, 2019.  The Meeting will be held at 10:00am Eastern Time at Vantage Venues 150 King Street West, 27th Floor, Toronto, Ontario, on Friday, September 20, 2019.  Representatives of the buyer of DenseLight intend to be present at the Meeting.

  • How Does POET Technologies Inc. (CVE:PTK) Affect Your Portfolio Volatility?
    Simply Wall St.

    How Does POET Technologies Inc. (CVE:PTK) Affect Your Portfolio Volatility?

    If you're interested in POET Technologies Inc. (CVE:PTK), then you might want to consider its beta (a measure of share...

  • GlobeNewswire

    POET Technologies Closes Third Tranche of Convertible Debentures

    POET Technologies Inc. (“POET” or the “Company”) is pleased to announce that it has completed the third tranche closing of its previously announced private placement of 12.0% convertible unsecured debentures (the “Convertible Debentures”), brokered by the Company’s financial advisor IBK Capital. The Company raised gross proceeds of C$862,000 through the third tranche closing and, together with the approximately C$3.4 million raised from the first and second tranche closings on April 4, 2019 and May 3, 2019, respectively, the Company has now raised approximately C$4.3 million of Convertible Debentures. Proceeds from the third tranche of Convertible Debentures are expected to be used to fund operations pending the completion of the Company’s previously announced sale of its subsidiary DenseLight Semiconductors Pte Ltd., expected in September 2019.

  • GlobeNewswire

    POET Technologies Sets Date for Annual and Special Meeting of Shareholders and Grants Options to Directors and Employees

    TSX Venture: PTK), a designer, developer and manufacturer of optoelectronic devices, including light sources, passive wave guides, and Photonic Integrated Circuits (PICs) for the data- and tele-communication markets, today set the record and meeting dates for its annual and special meeting of shareholders (the “Meeting”).  In addition, the POET Board of Directors granted options to its non-management directors and to certain employees of the Company. The Meeting Date and location are subject postponement or change at the discretion of the Company.

  • GlobeNewswire

    POET Technologies Reports First Quarter 2019 Financial Results

    The Company’s financial results as well as the Management Discussion and Analysis for the first quarter have been filed on SEDAR. On February 3, 2019 the Company signed a Letter of Intent (LOI) to sell its DenseLight subsidiary.  As a result, effective January 1, 2019, the Company is required to report the activities of DenseLight as a discontinued operation, reflected in its Financial Statements filed today.  The Company intends to continue to operate as a single integrated entity until the sale is completed.  For comparative purposes, all financial data below represent the combined results from both continuing and discontinued operations and is presented on a proforma, non-IFRS basis in the table at the bottom of this press release.  The required IFRS presentation of the Company’s Financial Statements can be found in its recent filings on SEDAR.

  • GlobeNewswire

    POET Technologies Closes Second Tranche of Convertible Debentures

    POET Technologies Inc. (“POET” or the “Company”) is pleased to announce that it has completed the second tranche closing of its previously announced private placement of 12.0% convertible unsecured debentures (the “Convertible Debentures”), brokered by the Company’s financial advisor IBK Capital. The Company raised approximately C$1.5 million through the second tranche closing and, together with the C$1.9 million raised from the first tranche closing on April 4, 2019, the Company has now raised approximately C$3.4 through the Convertible Debentures. Proceeds from the second tranche of Convertible Debentures are expected to be used to fund operations pending the completion of the Company’s previously announced sale of its subsidiary DenseLight Semiconductors Pte Ltd., expected in September 2019.

  • GlobeNewswire

    POET Technologies Reports Full Year 2018 Financial Results

    The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. Revenue for the full year 2018 increased to US$3.9 million, compared with revenue of US$2.8 million in calendar year 2017.

  • GlobeNewswire

    POET Technologies Closes Credit Facility with Espresso Capital

    POET Technologies Inc. (“POET” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Credit Facility Agreement”) with respect to the previously announced secured credit facility (the “Bridge Loan”) to be provided by Espresso Capital Ltd. The Bridge Loan will give the Company access of up to C$6.6 million (US$5.0 million). For a complete description of the terms of the Bridge Loan and Credit Facility Agreement, refer to the Company’s press release of April 1, 2019.

  • GlobeNewswire

    POET Technologies Closes First Tranche of Convertible Debentures

    POET Technologies Inc. (“POET” or the “Company”) is pleased to announce that it has completed the first tranche closing of its previously announced private placement of 12.0% convertible unsecured debentures (the “Convertible Debentures”), brokered by the Company’s financial advisor IBK Capital. The Company raised approximately C$1.9 million through the first tranche closing. IBK Capital was paid a cash commission of 5.0% of the gross proceeds raised.