POET Technologies Reports Second Quarter 2022 Financial Results
Retrieved on:
Monday, August 8, 2022
National University of Singapore, CEO, GLOBE, College, Artificial intelligence, Research, VLSI Technology, Suretrack Contracts Services, NRE, RX, Marginal cost, Physics, Loss, Engineering, University, Programmable interrupt controller, SEDAR, Industry, Technology, Doctor of Philosophy, Annual general meeting, Conference, AR, Sidoti, Die (integrated circuit), Photonics, Silicon, Global Chinese Music Awards, Growth, Laser, SHINE, Income, FR4, PTK, IFRS, Solution, POET, Celestial, SPX, LIDAR, Arista Networks, Electronics, Optics, National university, CMOS, Blockchain.com, Chief executive officer, Company, Depreciation, Silicon photonics, Columbia University, NASDAQ, TIA, NUS, Renewable energy, Video game console, Video game, Printed circuit board
TORONTO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET or the Company) (TSX Venture: PTK; NASDAQ: POET), 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 second quarter ended June 30, 2022.
Key Points:
- TORONTO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET or the Company) (TSX Venture: PTK; NASDAQ: POET), 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 second quarter ended June 30, 2022.
- The Company had finance costs of $13,000 in the second quarter of 2022 compared to $95,000 in the second quarter of 2021 and $14,000 in the first quarter of 2022.
- Non-cash impact of joint venture in the second quarter of 2022 was ($0.7) million compared to nil in the same period of 2021 and ($0.4) million in the first quarter of 2022.
- Cash flow from operating activities in the second quarter of 2022 was ($3.3) million compared to ($2.7) million in the second quarter of 2021 and ($3.7) million in the first quarter of 2022.