We're Not Very Worried About POET Technologies' (CVE:PTK) Cash Burn Rate [Yahoo! Finance]
POET Technologies Inc. (POET)
Company Research
Source: Yahoo! Finance
price rise 218% over the last year, delighting many shareholders. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? Given its strong share price performance, we think it's worthwhile for POET Technologies shareholders to consider whether its cash burn is concerning. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. See our latest analysis for POET Technologies A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2024, POET Technologies had cash of US$42m and no debt. In the last year, its cash burn was US$21m. That means it had a cash runway of about 2.0 years as of September 2024. Arguably, that's a prudent and sensible lengt
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POET
News
- POET Technologies Inc. (NASDAQ: POET) had its price target raised by analysts at Craig Hallum from $3.50 to $5.50. They now have a "buy" rating on the stock.MarketBeat
- Poet Technologies Announces Intention To Voluntarily Delist from the TSXV [Canadian Business Journal (Canada)]Canadian Business Journal
- Poet Technologies Announces Intention To Voluntarily Delist from the TSXV [Yahoo! Finance]Yahoo! Finance
- Poet Technologies Announces Intention To Voluntarily Delist from the TSXVGlobeNewswire
- POET Technologies Inc. (NASDAQ: POET) was upgraded by analysts at Northland Capmk to a "strong-buy" rating.MarketBeat
POET
Earnings
- 11/14/24 - Miss
POET
Sec Filings
- 11/22/24 - Form 6-K
- 11/15/24 - Form 6-K
- 11/14/24 - Form 6-K
- POET's page on the SEC website