January 18, 2022

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

POET’s losses rise in Q4 due to increased R&D spending

POET Technologies Inc of Toronto, Ontario, Canada — a designer and developer of the POET Optical Interposer and photonic integrated circuits (PICs) for the data-center and telecom markets — has reported a net loss of $5m ($0.02 per share) for fourth-quarter 2020, up from $3.5m ($0.01 per share) in third-quarter 2020 and compared with net income (before tax recovery) of $3.2m ($0.01 per share) in fourth-quarter 2019. However, the latter included a recovery of deferred income taxes of $0.3m) plus a $8m gain on selling Singapore-based subsidiary DenseLight Semiconductors Pte Ltd…