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PARTIAL
Analysis Report
Apr 23, 2026
Partial analysis — no complete end-to-end run on record.
Technology · Semiconductors
Price
$9.44
Market Cap
$1.2B
Employees
56
Beta
0.73
Avg Volume
42,175,761
CEO
Suresh Venkatesan
Business Description
POET Technologies Inc., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products and services for commercial applications in the United States, Canada, Singapore, and China. The company offers photonic integrated packaging solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices onto a single chip using advanced wafer-level semiconductor manufacturing techniques. It also designs and develops photonic integrated circuits and optical engines based on the POET Optical Interposer platform. The company serves the data center; tele-communications; 5G interconnect markets, such as PON and GPON, and edge computing for machine-to-machine communications; and sensing markets, including LIDAR, Optical Coherence Tomography for medical devices, and virtual reality systems, as well as light source markets. The company has a strategic collaboration with Lite-On Technology Corporation to develop optical modules for AI applications. POET Technologies Inc. was formerly known as Opel Technologies Inc. and changed its name to POET Technologies Inc. in June 2013. POET Technologies Inc. was incorporated in 1972 and is headquartered in Toronto, Canada.
Business History
Generated: Apr 23, 2026 10:00amPrice Overview
Last updated: Jun 27, 2026 10:09am (just now)$9.44
-0.69 (-6.81%)
Day Range
$9.30 – $9.97
52-Week Range
$3.87 – $20.81
50-Day MA
$11.82
200-Day MA
$7.69
Volume
21,927,544.00
Analyst Price Targets
Low
$3.50
Consensus
$5.75
High
$8.00
(2 analysts)
Share Structure
Outstanding
132,012,764.00
Float
90,513,911.00
Free Float
68.6%
Normal free float
— 68.6% of shares trade freely, ~31.4% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-13.88
Stock Price: $9.44
EPS (Diluted): -0.68
EPS (Diluted): -0.68
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.21
Stock Price: $9.44
Total Equity: $183.79M
Shares: 93,156,184
Total Equity: $183.79M
Shares: 93,156,184
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-15.87
Market Cap: $1.25B
Total Debt: $5.80M
Cash: $39.96M
EBITDA: -$59.50M
Total Debt: $5.80M
Cash: $39.96M
EBITDA: -$59.50M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$556.8M
Market Cap: $1.25B
Total Debt: $5.80M
Cash: $39.96M
Total Debt: $5.80M
Cash: $39.96M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
548.61
Stock Price: $9.44
Revenue: $1.07M
Shares: 93,156,184
Revenue: $1.07M
Shares: 93,156,184
EV/Sales (Total value vs revenue — works when P/E can't)
API518.01
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
100.0%
Gross Profit: $1.07M
Revenue: $1.07M
Revenue: $1.07M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-3,150.5%
Operating Income: -$33.86M
Revenue: $1.07M
Revenue: $1.07M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-5,857.8%
Net Income: -$62.96M
Revenue: $1.07M
Revenue: $1.07M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-43.6%
Net Income: -$62.96M
Total Equity: $183.79M
Total Equity: $183.79M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-10.0%
Operating Income: -$33.86M
Tax Rate: 0.0%
Equity: $183.79M
Total Debt: $5.80M
Cash: $39.96M
Tax Rate: 0.0%
Equity: $183.79M
Total Debt: $5.80M
Cash: $39.96M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.19
Current Assets: $314.46M
Current Liabilities: $143.75M
Current Liabilities: $143.75M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.03
Short-Term Debt: $5.80M
Long-Term Debt: $0.00
Total Debt: $5.80M
Total Equity: $183.79M
Long-Term Debt: $0.00
Total Debt: $5.80M
Total Equity: $183.79M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.01
Revenue: $1.07M
Shares: 93,156,184
Shares: 93,156,184
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$1.97
Total Equity: $183.79M
Shares: 93,156,184
Shares: 93,156,184
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.36
Operating CF: -$31.09M
CapEx: -$2.30M
Shares: 93,156,184
CapEx: -$2.30M
Shares: 93,156,184
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $9.44
Stock Price: $9.44
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$62.96M
Net Income: -$62.96M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares POET against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Last run: Apr 23, 2026 10:35:01 am
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
Not applicable for Pre Profit Growth companies
4b
Earnings Power Value
— Floor value — worth with zero growth
Not applicable for Pre Profit Growth companies
4c
Anchored PE
— Industry PE adjusted for growth differential
Not applicable for Pre Profit Growth companies
4d
Reverse DCF
— What growth is the market pricing in?
Not applicable for Pre Profit Growth companies
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for Pre Profit Growth companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for Pre Profit Growth companies
4j
Insider Activity
— Are insiders buying or selling?
Not applicable for Pre Profit Growth companies
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
Not applicable for Pre Profit Growth companies
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 25, 2026 3:36pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $209,100 | $552,748 | $465,777 | $41,427 | $1.1M |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $209,100 | $552,748 | $465,777 | $41,427 | $1.1M |
| Operating Expenses | $15.9M | $20.3M | $20.9M | $30.1M | $34.9M |
| Operating Income | -$15.7M | -$19.7M | -$20.4M | -$30.1M | -$33.9M |
| Net Income | -$15.7M | -$21.0M | -$20.3M | -$56.7M | -$63.0M |
| EBITDA | -$14.2M | -$19.7M | -$18.3M | -$54.6M | -$59.5M |
| EPS | $-0.51 | $-0.57 | $-0.51 | $-0.94 | $-0.68 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 3:36pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $14.9M | $9.2M | $3.0M | $37.1M | $40.0M |
| Total Current Assets | $21.8M | $9.6M | $3.2M | $55.5M | $314.5M |
| Total Assets | $27.2M | $15.4M | $8.8M | $69.7M | $328.6M |
| Current Liabilities | $1.9M | $3.8M | $3.5M | $48.3M | $143.8M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.2M | $3.9M | $3.8M | $49.0M | $144.8M |
| Total Equity | $25.0M | $11.4M | $4.9M | $20.7M | $183.8M |
| Retained Earnings | -$173.0M | -$194.0M | -$214.3M | -$271.0M | -$297.1M |
Cash Flow (Annual)
Last updated: Jun 25, 2026 3:36pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$11.2M | -$12.3M | -$15.4M | -$23.3M | -$31.1M |
| Capital Expenditure | $-930,882 | -$3.1M | -$1.2M | -$7.0M | -$2.3M |
| Free Cash Flow | -$12.2M | -$15.4M | -$16.7M | -$30.3M | -$33.4M |
| Acquisitions (net) | $0 | $0 | $0 | $97,833 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $8.1M | -$5.7M | -$6.2M | $34.1M | $2.8M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 6:38am (3h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$1.2M $960,936 – $1.3M
|
$9.0M $8.0M – $10.0M
|
$64.0M $28.0M – $100.0M
|
$65.0M $54.3M – $75.7M
|
| EBITDA |
-$1.2M -$1.3M – $-960,936
|
-$9.0M -$10.0M – -$8.0M
|
-$64.0M -$100.0M – -$28.0M
|
-$65.0M -$75.7M – -$54.3M
|
| Net Income |
-$26.1M -$31.7M – -$20.5M
|
-$23.8M -$27.7M – -$17.8M
|
-$14.0M -$16.4M – -$10.7M
|
$1.9M $1.5M – $2.3M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 25, 2026 3:36pm (1d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +164.3% | -15.7% | -91.1% | +2,494.6% |
| Gross Profit Growth | +164.3% | -15.7% | -91.1% | +2,494.6% |
| Operating Income Growth | -25.8% | -3.5% | -47.3% | -12.6% |
| Net Income Growth | -34.3% | +3.7% | -179.7% | -11.1% |
| EBITDA Growth | -38.7% | +7.2% | -198.6% | -9.0% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for POET — it's generated by the pipeline (
market-narrative step).
No community reviews yet for POET.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30