POET Technologies Inc · Q2 2025 earnings

Briefing

POET Technologies posts $268K NRE revenue in Q2 while net loss widens on Malaysia scale-up costs

POET Technologies Inc. reported second quarter 2025 non-recurring engineering and product revenue of $268,469, up from no comparable revenue in Q2 2024, as the photonic packaging company advanced commercialization of its Optical Interposer and optical engine products for AI data-center connectivity. Net loss for Q2 2025 was $17.3 million compared with $8.0 million a year earlier, reflecting higher research and development, depreciation, professional fees, and a $7.6 million derivative liability adjustment. Basic net loss per share was $0.21 versus $0.14 in the prior-year quarter. R&D spending rose 49% to $3.15 million, including costs tied to SPX integration wind-down and bringing two new Malaysia manufacturing facilities online. Management continues to target scalable production of 800G, 1.6T, and 3.2T optical engines and light-source products for AI connectivity applications.

• Q2 2025 NRE and product revenue was $268,469 versus nil in Q2 2024 as customer engineering projects resumed.
• Net loss widened to $17.3 million from $8.0 million; basic net loss per share was $0.21 compared with $0.14.
• Research and development expenses increased 49% to $3.15 million, driven by SPX integration, Malaysia facility ramp, and workforce changes.
• Depreciation and amortization rose 56% to $0.79 million as newly acquired manufacturing assets entered service.
• A derivative liability fair-value adjustment contributed a $7.6 million loss in the quarter.

Headline financials

Revenue & EPS history

POET outlined development and prototype milestones across optical engines, light sources for AI, and Malaysia expansion with aggregate targeted R&D and expansion spending of about $20 million, though timelines remain subject to execution risk.