Re: News: Poet Provides Financial Update

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Re: News: Poet Provides Financial Update

in response to

Re: News: Poet Provides Financial Update

poettechnolgies

posted on Nov 06, 2023 08:59AM

Absolutely and that's why MONEY is so important. Now they are stuck. They need 50M at least to get back to business. 10M when 33% goes into Management salaries, nothing left to advance the technology. On a financial stand point, POET is in a hard landing, no soft landing here!

also like FJ said, POET has no control if a customer is not ready. Recession is almost there and its gonna be a tough one, so companies are not in development mode but capital saving mode.