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POET cuts losses in Q1
What happened
POET Technologies reported Q1 2023 non-recurring engineering (NRE) revenue of $181,000, down from $200,000 last quarter but up from zero a year ago. The revenue came from services provided to multiple customers for unique projects utilizing its Optical Interposer technology. This is a minor financial update on an early-stage R&D company with no immediate, material impact on the supply, demand, or pricing of commercial electronic components.
Impact and signal
Low impactImpact score: 5/100
Affected components and suppliers
Photonic Integrated Circuits (PICs)Optical Interposer
POET Technologies Inc
earningsnre-revenuerd-milestone
Source and time
Source: Semiconductor Today · 5/17/2023 · View original source
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