Poet Technologies posts USD 23.68 million H1 loss, citing higher R&D and operating costs in MD&A
POET•H1 loss driven by higher operating spending
Poet Technologies posted a net loss of USD 23.68 million for the six months ended June 30, 2026, driven by higher operating spending.
- R&D expense reached USD 12.83 million, reflecting expanded engineering for optical engines, customer-specific programs, commercialization, and manufacturing readiness.
- Selling, marketing and administration costs rose to USD 26.3 million, led by stock-based compensation, depreciation and amortization, and higher finance advisory fees.
- Interest income of USD 8.27 million and a USD 7.13 million non-cash gain from derivative warrant remeasurement partly offset losses.
- Cash used in operations totaled USD 21.08 million; cash, cash equivalents and short-term investments climbed to USD 796.34 million following a USD 400 million equity raise.
