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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3,700 | 0% |
| Operating expense | 6.8M | 0.1% |
| Net Income | -13M | 59.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 51M | 78.4% |
| Total Liabilities | 20M | 470.9% |
| Total Equity | 31M | 23.3% |
| Shares Outstanding | 70M | 24.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -5.5M | 22.4% |
| Cash from financing | 27M | 11.2% |
EPS
Financial Highlights for POET Technologies in Q3 '24
POET Technologies reported a revenue of 3,700, which is a 0% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. Stable revenue suggests consistent sales performance, but it's beneficial to examine other financial metrics and industry trends for a comprehensive view.
Operating Expenses for this period were 6.8M, showing a -0.1% 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 -13M, showing a -59.7% 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.
