Quarterly ResultMay 15, 2026, 11:13 AM
POET Technologies Q1 Revenue $503K; Net Loss $(12.3M); EPS $(0.08)
AI Summary
POET Technologies reported its Q1 2026 financial results, showing a substantial increase in revenue to $503,389 from $166,760 in the prior year. However, the company recorded a net loss of $(12.34) million, translating to a basic and diluted loss per share of $(0.08), a reversal from Q1 2025's net income of $6.34 million. The company significantly strengthened its balance sheet through a $142.5 million common share issuance, leading to a notable increase in total assets and shareholders' equity.
Key Highlights
- Revenue for Q1 2026 increased to $503,389, up from $166,760 in Q1 2025.
- Net loss for Q1 2026 was $(12,344,086), compared to net income of $6,341,558 in Q1 2025.
- Basic and diluted loss per share was $(0.08) for Q1 2026, versus income per share of $0.08 in Q1 2025.
- Total assets increased to $461,771,861 as of March 31, 2026, from $328,572,438 at December 31, 2025.
- Shareholders' equity rose to $448,643,600 as of March 31, 2026, from $183,789,272 at December 31, 2025.
- Cash flows from financing activities were $142,497,347, primarily from common share issuance.
- Operating expenses increased to $18,373,547 in Q1 2026 from $9,703,169 in Q1 2025.
- Cash and cash equivalents decreased to $16,537,393 from $39,959,201 at December 31, 2025.
Price Impact
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