POET Technologies (US:POET)2025-04-01 14:13Financial Performance - POET Technologies reported a net loss of $30.2 million, or ($0.48) per share, in Q4 2024, compared to a net loss of $5.5 million, or ($0.13) per share, in Q4 2023[6]. - Non-recurring engineering (NRE) and product revenue for Q4 2024 was $29,032, a significant decrease from $107,551 in Q4 2023[5]. - Research and development costs increased to $3.4 million in Q4 2024 from $2.1 million in Q4 2023[6]. - The largest component of the loss in Q4 2024 was a non-cash fair value adjustment to derivative warrant liability of $12.4 million, compared to $25,000 in Q4 2023[7]. - Cash flow from operating activities in Q4 2024 was ($8.7) million, worsening from ($2.9) million in Q4 2023[10]. Capital Raising - The company raised gross proceeds of $25 million through a registered direct offering, bringing total equity capital raised in 2024 to $82.2 million[2][4]. - POET intends to pursue voluntary delisting from the TSX Venture Exchange following the closing of its planned $25 million financing[2]. Strategic Initiatives - The company acquired the remaining 24.8% interest in SPX for a non-cash loss of $6.85 million[9]. - POET plans to establish a major wafer-level assembly and test facility in Penang, Malaysia, with an initial capacity to manufacture 1 million optical engines annually[11]. - The company expects significant revenue acceleration in the second half of 2025, driven by existing contracts and relationships with industry leaders[2].