Exhibit 99.1 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Ended March 31, 2024 (Unaudited and Expressed in US Dollars) POET TECHNOLOGIES INC. POET TECHNOLOGIES INC. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Expressed in US Dollars) | | | | | | Audited | | --- | --- | --- | --- | --- | --- | | | | | March 31, | | December 31, | | | | | 2024 | | 2023 | | Assets | | | | | | | Current | | | | | | | Cash and cash equivalents (Note 2) | | $ | 3,433,857 | $ | 3,01 ...

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results as of and for the three months ended March 31, 2024. The Company's financial results as well as the Management's Discussion an ...

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results as of and for the three months ended March 31, 2024. The Company's financial results as well as the Management's Discussion an ...

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Company") (TSXV:PTK, NASDAQ:POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication and artificial intelligence markets, today announced that Foxconn Interconnect Technology ("FIT"), a market leader of interconnect solutions for communication infrastructure and several other large, high-growth markets, has selected POET's optical engines, w ...

Employee and Consultant Distribution - The company had 56 full-time employees and 4 consultants as of December 31, 2023, with 16 employees and 3 consultants working at the lab facility, 4 employees at the Canadian office, 28 employees at the Singapore fabrication facility, and 8 employees at the China product development facility[308] Share Ownership and Options - Directors and officers collectively beneficially own 574,992 shares, with individual ownership ranging from 1,500 to 158,611 shares, all representing less than 1% of the total class[311] - Kevin Barnes holds exercisable options totaling 193,678 shares with grant prices ranging from CAD 2.65 to CAD 11.90 and expiry dates between 2027 and 2032[313] - Peter Charbonneau holds exercisable options totaling 33,397 shares with grant prices ranging from CAD 4.20 to CAD 11.90 and expiry dates between 2028 and 2031[313] Compensation and Governance - The Compensation Committee is responsible for evaluating and approving senior management compensation, ensuring alignment with company performance, shareholder value, and competitive industry standards[304] - The Compensation Committee comprises three independent directors with extensive experience in executive compensation, tax implications, and industry incentives[303] - The company adopted a Compensation Recovery Policy in 2023 in compliance with Nasdaq listing standards and Rule 10D-1 of the Exchange Act[316] - As of December 31, 2023, there was no outstanding balance of erroneously awarded compensation to be recovered under the Compensation Recovery Policy[317] Audit and Financial Reporting - The Audit Committee reviews the company's financial reporting procedures, internal controls, and the performance of external auditors annually[298] - The company's independent auditor is accountable to the Board and Audit Committee, with non-audit services requiring pre-approval by the Audit Committee[299] Code of Ethics and Compliance - The company's Code of Ethics requires prompt reporting of any violations to the Chair of the Board or relevant committee, with investigations conducted by the Corporate Governance and Nominating Committee[305] - The company is exempt from certain Nasdaq listing rules applicable to U.S. listed companies due to its status as a foreign private issuer[306] Financial Risk and Market Exposure - The company's cash equivalents are exposed to fair value fluctuations due to market risk, while other financial instruments like cash and accounts payable are not subject to market risk due to their short-term nature[397] - A 10% change in foreign currencies held by the company's subsidiaries would result in a $198,000 increase or decrease in other comprehensive loss[399] - The company does not depend on interest from its short-term investments to fund its operations, as these investments bear interest at fixed rates and are subject to interest rate risk[398] Exchange Rate Trends - CAD to USD exchange rate averaged 0.7381 from September 2023 to February 2024, with a high of 0.7575 and a low of 0.7207[400] - SGD to USD exchange rate averaged 0.7413 from September 2023 to February 2024, with a high of 0.7576 and a low of 0.7279[400] - CNY to USD exchange rate averaged 0.1384 from September 2023 to February 2024, with a high of 0.1408 and a low of 0.1361[400] - CAD to USD exchange rate in February 2024 averaged 0.7411, with a high of 0.7471 and a low of 0.7363[400] - SGD to USD exchange rate in February 2024 averaged 0.7434, with a high of 0.7479 and a low of 0.7399[400] - CNY to USD exchange rate in February 2024 averaged 0.1390, with a high of 0.1395 and a low of 0.1389[400] - CAD to USD exchange rate in December 2023 averaged 0.7460, the highest monthly average in the past six months[400] - SGD to USD exchange rate in December 2023 averaged 0.7510, the highest monthly average in the past six months[400] - CNY to USD exchange rate in December 2023 averaged 0.1400, the highest monthly average in the past six months[400] - CAD to USD exchange rate in October 2023 averaged 0.7289, the lowest monthly average in the past six months[400]

Financial Performance - The company recorded no revenue for the three months ended September 30, 2023, compared to $232,928 for the same period in 2022, representing a 100% decrease [3]. - The net loss for the three months ended September 30, 2023, was $5,136,441, compared to a net loss of $4,041,298 for the same period in 2022, reflecting a 27% increase in losses [3]. - For the nine months ended September 30, 2023, the net loss was $14,796,351, compared to a net loss of $14,756,739 for the same period in 2022, indicating a slight increase in losses [56]. - The company reported a basic and diluted loss per share of $(0.37) for the nine months ended September 30, 2023, compared to $(0.40) for the same period in 2022 [56]. Cash and Cash Equivalents - As of September 30, 2023, POET Technologies Inc. reported cash and cash equivalents of $4,476,478, a decrease of 51.5% from $9,229,845 as of December 31, 2022 [2]. - Cash and cash equivalents decreased to $4,476,478 as of September 30, 2023, down from $9,229,845 as of December 31, 2022 [66]. - As of September 30, 2023, cash and cash equivalents totaled $1,168,483, down from $1,981,765 in 2022, while term deposits decreased to $3,307,995 from $7,248,080 [25]. Operating Expenses - Operating expenses for the three months ended September 30, 2023, were $5,146,999, an increase of 16% from $4,436,695 in the same period of 2022 [3]. - The company incurred total selling, marketing, and administration expenses of $7,773,022 for the nine months ended September 30, 2023 [64]. - Research and development expenses for the nine months ended September 30, 2023, totaled $7,505,863 [64]. - Selling, marketing, and administration costs for the three months ended September 30, 2023, were $2,697,199, up from $2,074,704 in the same period of 2022, indicating a significant increase of about 30% [71]. - Research and development costs for the three months ended September 30, 2023, totaled $2,449,800, an increase from $2,361,991 in the same period of 2022, representing a growth of approximately 3.7% [71]. Shareholder Equity and Deficit - Shareholders' equity decreased to $8,821,730 as of September 30, 2023, from $12,914,590 in the same period of 2022 [6]. - The accumulated deficit as of September 30, 2023, reached $208,820,011, up from $194,023,660 at the end of 2022 [3]. - POET Technologies Inc. has accumulated losses of $(208,820,011) and working capital of $3,284,450 as of September 30, 2023 [11]. Funding and Financial Management - The company has initiated cost management strategies to align overhead with available cash resources due to substantial doubt about its ability to continue as a going concern [11]. - The company has a reasonable expectation of managing its finances to continue operations despite the need for additional funding [12]. - The Company initiated an at-the-market equity offering program, raising gross proceeds of $983,194 from share sales [1]. - The company does not maintain credit facilities and its existing cash resources are insufficient to fund operations beyond one year [68]. Joint Venture Performance - The Company recognized a gain of $4,868,225 related to its contribution of intellectual property to the joint venture Super Photonics Xiamen Co., Ltd, valued at $22,500,000 [39]. - The joint venture reported a net loss of $2,914,956 for the nine months ended September 30, 2023, compared to a net loss of $1,329,525 for the same period in 2022 [41]. - The Company's share of the net operating loss from the joint venture was $(527,857) for the nine months ended September 30, 2023, compared to $(1,555,650) in 2022 [41]. - The Company’s investment in the joint venture was carried at nil due to losses exceeding the carrying value [39]. Assets and Liabilities - Total assets as of September 30, 2023, amounted to $10,709,088, with current assets of $4,939,400 [64]. - Total property and equipment balance as of September 30, 2023, is $9,239,925, an increase from $8,209,092 at December 31, 2022 [42]. - Total accounts payable and accrued liabilities decreased to $1,353,208 as of September 30, 2023, from $3,362,430 at December 31, 2022 [46]. - Contract liabilities decreased to $105,263 as of September 30, 2023, from an opening balance of $(274,192) at the beginning of the year [37]. Stock and Compensation - Common shares issued increased to 40,679,295 as of September 30, 2023, from 37,841,950 at December 31, 2022 [48]. - Stock options granted during the nine months ended September 30, 2023, totaled 1,002,170 at an average price of $4.11 per share [52]. - Stock-based compensation recorded for the nine months ended September 30, 2023, was $3,151,356, compared to $2,847,898 for the same period in 2022 [53]. - Stock-based compensation in research and development for the three months ended September 30, 2023, was $406,536, down from $477,224 in 2022, reflecting a decrease of about 14.8% [71].

This management discussion and analysis contains forward-looking statements that involve risks and uncertainties. It uses words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", and other similar expressions to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking ...

Exhibit 99.1 NOTICE TO SHAREHOLDERS For the Three Months Ended March 31, 2023 (Unaudited and Expressed in US Dollars) POET TECHNOLOGIES INC. POET TECHNOLOGIES INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Expressed in US Dollars) | | | March 31, | | Audited December 31, | | --- | --- | --- | --- | --- | | | | 2023 | | 2022 | | Assets Current | | | | | | Cash and cash equivalents (Note 2) | $ | 10,970,963 | $ | 9,229,845 | | Accounts receivable (Note 3) | | 31,250 | | 62,842 | | Prepaids and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number: 000-55135 (Exact name of Registrant as specified in its charter) POET TECHNOLOGIES INC. OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUA ...

Financial Performance - The net loss for the three months ended March 31, 2022, was $5,432,799, compared to a net loss of $4,098,420 for the same period in 2021, indicating an increase in loss of approximately 32.6%[3] - Basic and diluted loss per share for the first quarter of 2022 was $(0.15), compared to $(0.13) in the first quarter of 2021[3] - The company reported a comprehensive loss of $5,353,590 for the three months ended March 31, 2022, compared to a comprehensive loss of $4,084,772 in the same period of 2021[4] - Stock-based compensation recorded for the three months ended March 31, 2022, was $997,441, compared to $820,538 for the same period in 2021, representing an increase of approximately 21.5%[53] Cash and Cash Equivalents - As of March 31, 2022, cash and cash equivalents decreased to $11,214,388 from $14,941,775 as of December 31, 2021, representing a decline of approximately 25%[2] - Cash and cash equivalents decreased to $1,640,815 in 2022 from $4,216,911 in 2021, while funds in term deposits decreased to $9,573,573 from $10,724,864[22] Assets and Liabilities - Total assets decreased to $22,988,904 from $27,153,977, a reduction of about 15.5%[2] - Shareholders' equity decreased to $21,019,363 from $24,971,747, a decline of about 15.5%[6] - Total accounts payable and accrued liabilities decreased from $1,791,222 on December 31, 2021, to $1,624,371 by March 31, 2022, indicating a reduction of approximately 9.3%[44] - The lease liability decreased from $359,348 on December 31, 2021, to $313,242 by March 31, 2022, reflecting a reduction of about 12.9%[43] Operating Expenses - Operating expenses for the three months ended March 31, 2022, increased to $5,010,683, up 29.3% from $3,871,150 in the same period of 2021[3] - Research and development expenses increased to $2,564,739 for the three months ended March 31, 2022, up 66.3% from $1,542,718 in the same period of 2021[3] - Selling, marketing, and administration costs for Q1 2022 were $2,445,944, compared to $2,328,432 in Q1 2021, showing an increase of about 5%[71] Investments - The company’s investment in joint ventures was recorded at $1,021,596, down from $1,445,251 as of December 31, 2021[2] - The company's investment in the joint venture, Super Photonics Xiamen Co., Ltd, was valued at $22,500,000, with a recognized gain of $2,587,500 in 2021[36] - The company's share of the net operating loss from the joint venture for the three months ended March 31, 2022, was approximately $430,321, reflecting an 88.5% ownership interest[38] Financial Instruments and Risks - The company has no significant interest risk exposure from its financial instruments, and its existing cash resources are deemed sufficient to fund operations beyond one year[68] - A 10% change in foreign currencies held would impact other comprehensive loss by approximately $872,000, indicating exposure to foreign currency risk[67] Shareholder Information - The total number of common shares issued increased from 29,461,811 at the beginning of 2021 to 36,605,003 by March 31, 2022, reflecting an increase of 24.5%[46] - The weighted average number of common shares outstanding increased to 36,520,322 in Q1 2022 from 32,075,596 in Q1 2021, leading to a basic and diluted loss per share of $0.15, compared to $0.13 in the prior year[56] Other Assets - Total property and equipment carrying amount increased to $3,206,928 as of March 31, 2022, from $3,064,234 at December 31, 2021[39] - The balance of patents and licenses increased from $837,102 at the beginning of 2021 to $1,005,561 by March 31, 2022, reflecting an addition of $168,459 over the period[40]