Core Viewpoint - POET Technologies Inc. has successfully fulfilled orders for advanced optical transmit engines from three global customers, indicating strong demand for its products in the AI and data center markets [1][2][4]. Product Development - The company has shipped final design samples of its POET Infinity transmit product line for 400G and 800G applications, including formats such as 400G FR4, 800G 2xFR4, and 800G DR8 [2]. - These products are assembled in a high-volume production facility in Malaysia and are designed to be integrated with POET's receiver engines for a complete pluggable transceiver solution [2][4]. Market Demand - The demand for 400G and 800G modules is projected to be around 20 million units per year for the next five years, according to market research firm LightCounting [4]. - Customers have expressed enthusiasm for POET's integrated chip-level solutions, which are seen as critical for completing their module products [3]. Competitive Advantages - POET's optical interposer-based products are recognized for their cost-effectiveness, reliability, and power efficiency, making them attractive to industry leaders in AI and optical networking [5]. - The company's technology addresses integration challenges in various applications, including 5G networks and autonomous vehicle systems [6]. Investor Relations - POET is enhancing its investor relations efforts through a one-month engagement with IR Agency, LLC, to improve communication with stakeholders and financial audiences [5].

Core Insights - POET Technologies Inc. has fulfilled orders for advanced optical transmit engines from three global customers, indicating strong demand for its products in the AI network sector [1][2][4] - The company has shipped final design samples of its POET Infinity transmit product line for 400G and 800G applications, which are expected to lead to production orders in the second half of 2025 [2][4] - POET's integrated chip-level solutions have garnered positive feedback from customers, positioning the company for wider adoption and commercial success [3] Product Development - The POET Infinity transmit product line includes 400G FR4, 800G 2xFR4, and 800G DR8 formats, all produced in Malaysia [2] - The demand for 400G and 800G modules is forecasted to reach approximately 20 million units per year over the next five years [4] - The optical engines are designed to be paired with POET receiver engines, creating a highly integrated pluggable transceiver solution [2] Market Positioning - POET's advantages in cost, reliability, and power efficiency have attracted industry leaders, enhancing its reputation in the optical networking space [5] - The company is increasing its investor relations efforts to better communicate its value proposition to stakeholders [5] Company Overview - POET Technologies specializes in high-speed optical modules and engines for AI systems and hyperscale data centers, utilizing its patented Optical Interposer technology [6] - The company's products are designed to address bandwidth and latency challenges in AI systems, as well as integration issues in 5G networks and other applications [6]

Core Insights - POET Technologies Inc. has signed an agreement to develop a novel optical engine for high-frequency trading operations for a global capital markets firm, marking its entry into a new market space [1][3] - The project aims to enhance speed and reduce latency in current transceiver solutions used in securities trading, with the first phase involving the design of prototypes [2][3] Company Overview - POET Technologies specializes in high-speed optical modules, optical engines, and light source products for artificial intelligence systems and hyperscale data centers [3] - The company's technology, based on the patented POET Optical Interposer™, integrates electronic and photonic devices into a single chip, offering lower costs, reduced power consumption, and scalability [3] - POET's products support high-speed optical engines (800G, 1.6T and above) and address bandwidth and latency challenges in AI systems, 5G networks, and autonomous vehicle applications [3] Project Details - The multi-phase project will start with designing prototypes of POET Optical Interposer-based transceiver engines tailored to the customer's specifications, followed by additional prototypes and potential production [2] - The project is expected to generate revenue for POET within the current year, showcasing the versatility of its technology [3]

Financial Performance - Revenue for the three months ended September 30, 2024, was $3,685, a decrease from $358,226 in the same period of 2023, indicating a decline of 98.97%[3] - The net loss for the nine months ended September 30, 2024, was $26,436,584, compared to a net loss of $14,796,351 in the same period of 2023, representing an increase in losses of 78.5%[3] - The company reported a net loss of $12,740,537 for the three months ended September 30, 2024, compared to a loss of $5,136,441 for the same period in 2023, resulting in a basic and diluted loss per share of $(0.20) for 2024 versus $(0.13) for 2023[72] - Total revenue for the nine months ended September 30, 2024, was $12,395, with a net loss of $26,436,584[80] Cash and Cash Equivalents - Cash and cash equivalents increased to $41,782,899 as of September 30, 2024, compared to $3,019,069 at the end of 2023, representing a significant growth of 1,283%[2] - Cash in current accounts amounted to $16,400,493 as of September 30, 2024, compared to $1,249,116 in 2023, reflecting a growth of 1,215%[23] - The company’s capital management includes cash and cash equivalents of $41,782,899 and shareholders' equity of $273,659,405 as of September 30, 2024[85] Shareholders' Equity and Total Assets - Total shareholders' equity increased to $30,618,030 as of September 30, 2024, from $4,931,416 at the end of 2023, marking a growth of 520.5%[7] - The company’s total assets increased to $50,514,105 as of September 30, 2024, from $8,777,417 at the end of 2023, reflecting a growth of 474.5%[2] - The company reported total assets of $50,514,105 as of September 30, 2024, with current assets of $43,295,437[79] Operating Expenses - Operating expenses for the nine months ended September 30, 2024, totaled $18,635,296, up from $15,278,885 in 2023, reflecting an increase of 15.5%[3] - Research and development expenses for the nine months ended September 30, 2024, totaled $7,318,907, while selling, marketing, and administration costs were $11,316,389[80] Financing Activities - Cash flows from financing activities amounted to $56,161,758 for the nine months ended September 30, 2024, compared to $8,868,834 in 2023, showing an increase of 532.5%[8] - The company raised gross proceeds of CA$20,400,000 (US$15,000,000) from a private placement on September 25, 2024[61] - During the nine months ended September 30, 2024, the company raised gross proceeds of $9,362,235 from the issuance of 5,449,723 common shares through an ATM financing[65] - The company incurred share issuance costs of $799,094 related to various financings during the period[63] Joint Venture Performance - The joint venture, Super Photonics Xiamen Co., Ltd, reported a net loss of $2,847,097 for the nine months ended September 30, 2024, slightly lower than the $2,914,956 loss in 2023[41] - The Company's investment in the joint venture was carried at nil as of September 30, 2024, due to losses exceeding the carrying value[39] - Current assets of the joint venture decreased to $390,126 as of September 30, 2024, down from $1,758,587 at December 31, 2023[41] - Total liabilities of the joint venture increased to $(345,362) as of September 30, 2024, compared to $(149,306) at December 31, 2023[41] - The Company recognized a gain of $5,366,294 related to its contribution of intellectual property to the joint venture, with an unrecognized gain of $17,133,706 to be applied against the investment[39] Stock Options and Compensation - As of September 30, 2024, the company had 9,495,705 stock options outstanding with a weighted average exercise price of $1.43, and 2,790,062 options were exercisable at a weighted average price of $1.32[71] - The company granted 2,582,659 stock options during the nine months ended September 30, 2024, at an average price of $1.78, compared to 1,002,170 options granted in the same period of 2023 at an average price of $4.11[69] - Stock-based compensation recorded during the nine months ended September 30, 2024, was $4,064,374, an increase from $3,151,356 in the same period of 2023[70] - Key management personnel compensation for the nine months ended September 30, 2024, totaled $4,329,161, compared to $3,719,190 in the same period of 2023[75] Liabilities and Derivative Liabilities - The derivative warrant liability increased significantly to $17,895,604 as of September 30, 2024, compared to $1,002,264 at the end of 2023[97] - The company incurred a fair value adjustment to derivative warrant liability of $8,186,421 for the nine months ended September 30, 2024, compared to no such adjustment in the previous year[3] Other Financial Information - A 10% change in foreign currencies held would impact other comprehensive loss by $2,500,000, indicating exposure to foreign currency risk[83] - The company does not maintain credit facilities and considers its existing cash resources sufficient to fund operations for over a year[84] - The company has operating leases on four facilities, with remaining minimum annual rental payments totaling $456,085[74]

Core Viewpoint - POET Technologies Inc. has successfully completed a non-brokered private placement, raising US$15 million through the issuance of 4 million common shares and accompanying warrants, aimed at enhancing its working capital and corporate purposes [1][2]. Group 1: Offering Details - The private placement involved the issuance of 4,000,000 common shares and warrants for an aggregate gross proceeds of US$15,000,000 [1]. - Each warrant is exercisable for up to 2,000,000 common shares at an exercise price of $5.00 (approximately C$6.78) per share, valid for five years from the issuance date [1]. - The combined price for one common share and one-half of a warrant was US$3.75 (approximately C$5.09) [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes [2]. Group 3: Regulatory and Compliance Information - All shares and warrants were distributed to a purchaser outside of Canada, exempting them from a Canadian statutory hold period [3]. - The offering is subject to final acceptance by the TSX Venture Exchange [3]. Group 4: Company Overview - POET Technologies specializes in designing and developing high-speed optical engines, light source products, and custom optical modules for the AI systems market and hyperscale data centers [5]. - The company’s products leverage the POET Optical Interposer™, which integrates electronic and photonic devices into a single chip, offering lower costs, reduced power consumption, and scalability [5]. - POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore [5].

Core Insights - POET Technologies (NASDAQ: POET) has experienced significant stock price appreciation, rising 80% in five days and an additional 25% since then, indicating strong market interest and potential investor enthusiasm [1] Group 1: Company Overview - POET Technologies is highlighted as a small- to mid-cap company that has garnered attention from analysts, suggesting it may be an overlooked investment opportunity [1] Group 2: Market Dynamics - The article emphasizes the principles of Grassroots Trading, which focuses on providing objective and unbiased research on small- to mid-cap companies, while also identifying potential opportunities in larger companies [1]

Core Viewpoint - POET Technologies Inc. has entered a collaboration with Mitsubishi Electric to co-develop integrated optical engine chipsets for 3.2T pluggable transceivers, targeting the growing AI networking market [1][3]. Company Overview - POET Technologies specializes in designing and developing high-speed optical engines, light source products, and custom optical modules for AI systems and hyperscale data centers [5]. - The company's Optical Interposer™ platform allows for the integration of electronic and photonic devices into a single chip, offering lower costs, reduced power consumption, and scalability [5]. Collaboration Details - Mitsubishi Electric will contribute its 400G Electro-absorption Modulator integrated Lasers (EMLs) to the project, while POET will integrate these with drivers and optical waveguides to produce 1.6T and 3.2T optical engine chipsets [2][3]. - The collaboration aims to complete the chipsets by early 2025, with product demonstrations planned for the first half of that year [3]. Market Insights - The global optical transceiver market for 800G and 1.6T is projected to grow at a CAGR of 33%, increasing from $2.5 billion in 2024 to $10.5 billion by 2029 [4]. - AI and cloud datacenter networks are identified as the leading consumers of pluggable optics, indicating a strong demand for the products being developed through this collaboration [4].

Core Insights - POET Technologies Inc. will showcase its advanced optical products at the 2024 China International Optoelectronic Expo (CIOE) from September 11-13, highlighting its focus on AI systems and hyperscale data centers [1][2]. Product Highlights - Featured products include the 800G 2xFR4 OSFP module reference design with a newly released 400G transmit engine and a fully qualified 800G receive engine, as well as 200G/lane transmit and receive optical engines for 800G and 1.6T optical modules [2]. Leadership and Engagement - Dr. Suresh Venkatesan, Chairman and CEO, along with Dr. Mo Jinyu, Senior VP and General Manager for Asia, will lead a team at the exhibition, with several customer and supplier meetings already scheduled [3]. Importance of CIOE - CIOE is deemed essential for POET, with past attendance leading to significant customer relationships. The company anticipates that this year's event will further enhance its market presence [4]. Conference Details - CIOE is the largest optoelectronics conference globally, expecting 120,000 attendees from over 30 countries. POET will be located at Booth 11B59, sharing space with its joint venture, Super Photonics [5]. Company Overview - POET Technologies specializes in high-speed optical engines and light source products for AI systems and hyperscale data centers, utilizing the POET Optical Interposer™ platform for efficient integration of electronic and photonic devices [7].

Core Viewpoint - POET Technologies Inc. is reorganizing its engineering team to enhance efficiency in response to increasing customer demand for high-speed optical products aimed at AI systems and hyperscale data centers [1][4]. Group 1: Reorganization Details - The company has established a Global Engineering Organization in Singapore, led by Dr. Mo Jinyu, to better serve customers primarily located in Asia [2]. - Engineering design and manufacturing functions will be transferred from Allentown, PA to Shenzhen, China, with other functions moving to Singapore [3]. - The closure of the Allentown facility is expected to yield annual savings between US$1.8 million and $2 million, with one-time costs around US$250 thousand [3]. Group 2: Market Focus and Product Development - POET focuses on high-speed optical modules and engines for AI systems and hyperscale data centers, utilizing its patented Optical Interposer technology [5]. - The company anticipates that recent partnerships will lead to module designs qualifying with end users, converting to optical engine revenue in late 2024 and into 2025 [4]. - POET's products are designed to address bandwidth and latency challenges in AI systems, with applications extending to 5G networks and autonomous vehicle technologies [5].

Exhibit 99.1 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS For the Three and Six Months Ended June 30, 2024 (Unaudited and Expressed in US Dollars) POET TECHNOLOGIES INC. POET TECHNOLOGIES INC. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Expressed in US Dollars) | | | June 30, | | December 31, | | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | | Assets | | | | | | Current | | | | | | Cash and cash equivalents (Note 2) | $ | 21,262,126 | $ | 3,019,069 | | Prepaids and other cu ...