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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Operating expense | 6.8M | 47% |
| Net Income | -8M | 40.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 28M | 220.3% |
| Total Liabilities | 3.5M | 0.1% |
| Total Equity | 25M | 364% |
| Shares Outstanding | 62M | 32.5% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -4.5M | 2% |
| Cash from financing | 24M | 370.3% |
EPS
Financial Highlights for POET Technologies in Q2 '24
Operating Expenses for this period were 6.8M, showing a 47% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -8M, showing a -40.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
POET Technologies faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
