POET Technologies slumps after reporting larger-than-expected Q3 loss

There’s been a deep sell-off in formerly high-flying, speculative tech stocks as of late. Third-quarter results from POET Technologies are digging the company a bigger hole, with shares down double digits as of 7:20 a.m. ET.

The optical communications company reported a loss of $0.11 per share for Q3, worse than the $0.09 loss per share that analysts anticipated, per FactSet.

Revenues for the quarter were limited, at under $300,000, but should begin to pick up more meaningfully in the second half of next year, when the company expects it’ll begin to ship optical engines that were recently ordered.

“The placement of two successive initial production orders from two key customers valued at over $5.6 million is the beginning of a revenue ramp which we expect to increase steadily throughout 2026,” said Dr. Suresh Venkatesan, chairman and CEO of POET Technologies.

Venkatesan previously told us that the company’s focus this year “has been to cross that last hurdle of ensuring that the technology that we’re developing is truly manufacturable at scale and at wafer scale.”

For POET, and for the broader speculative tech space at large, it’s seemingly going to take something else to arrest and reverse their recent swoons.