POET Technologies Inc. (CVE:PTK) Forecasted to Earn Q2 2024 Earnings of ($0.12) Per Share

POET Technologies Inc. (CVE:PTKFree Report) – Zacks Small Cap issued their Q2 2024 earnings per share estimates for shares of POET Technologies in a report issued on Monday, June 10th. Zacks Small Cap analyst L. Thompson anticipates that the company will post earnings per share of ($0.12) for the quarter. The consensus estimate for POET Technologies’ current full-year earnings is ($0.80) per share. Zacks Small Cap also issued estimates for POET Technologies’ Q3 2024 earnings at ($0.11) EPS, Q4 2024 earnings at ($0.11) EPS, FY2025 earnings at ($0.57) EPS and FY2026 earnings at $0.46 EPS.

POET Technologies (CVE:PTKGet Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported C($0.16) earnings per share (EPS) for the quarter. The firm had revenue of C$0.01 million during the quarter.

POET Technologies Stock Down 2.0 %

CVE:PTK opened at C$2.41 on Wednesday. The company has a debt-to-equity ratio of 8.54, a current ratio of 2.27 and a quick ratio of 5.08. POET Technologies has a 1-year low of C$1.01 and a 1-year high of C$7.75. The company has a 50-day moving average of C$2.52 and a 200 day moving average of C$1.90. The firm has a market cap of C$145.78 million, a PE ratio of -3.60 and a beta of 0.55.

About POET Technologies

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POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.

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