POET Technologies (CVE:PTK) Full Year 2024 Results
Key Financial Results
- Net loss: US$56.7m (loss widened by 180% from FY 2023).
- US$0.94 loss per share (further deteriorated from US$0.51 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
POET Technologies EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 78% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in North America.
Performance of the market in Canada.
The company's shares are down 16% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for POET Technologies that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSXV:PTK
POET Technologies
Designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China.
High growth potential with excellent balance sheet.
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