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POET Technologies ( (TSE:PTK) ) just unveiled an update.
In the second quarter of 2025, POET Technologies made significant strides in preparing for volume production of optical engines, with all equipment operational at Globetronics and expanded manufacturing capabilities in Malaysia. The company secured a $30 million private placement to support growth and added a new customer, Lessengers from Korea, for its 800G optical engines. Despite reporting a net loss of $17.3 million, due in part to non-cash losses related to derivative warrant liabilities, POET Technologies remains confident in its growth trajectory, bolstered by increased customer engagements and recognition in the AI industry.
The most recent analyst rating on (TSE:PTK) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on POET Technologies stock, see the TSE:PTK Stock Forecast page.
Spark’s Take on TSE:PTK Stock
According to Spark, TipRanks’ AI Analyst, TSE:PTK is a Neutral.
POET Technologies’ score reflects its financial struggles but is partially offset by positive corporate developments. The company’s strategic initiatives and investments present potential for growth, though current financial and valuation metrics remain weak. Technical indicators suggest mixed momentum, with potential for recovery if operational improvements are realized.
To see Spark’s full report on TSE:PTK stock, click here.
More about POET Technologies
POET Technologies Inc. is a designer and developer of Photonic Integrated Circuits (PICs), light sources, and optical modules, primarily serving the AI and data center markets.
Average Trading Volume: 197,681
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$684.9M
Learn more about PTK stock on TipRanks’ Stock Analysis page.