Yahoo Finance POET Technologies Second Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag
POET Technologies (CVE:PTK) Second Quarter 2023 Results
Key Financial Results
Net loss: US$4.39m (loss narrowed by 17% from 2Q 2022).
US$0.11 loss per share (improved from US$0.14 loss in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
POET Technologies EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 99% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in North America.
Performance of the market in Canada.
The company's shares are down 2.5% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 5 warning signs for POET Technologies (3 make us uncomfortable) you should be aware of.
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