POET Stock Soars On Receiving Order Worth Over $500,000 From One Of Its Lead Customers

POET Technologies Inc. (POET) shares surged nearly 19% in Tuesday morning’s trade after the company announced that it had received an initial production order from one of its lead customers.

The company stated in its announcement that the order is for optical engines based on the POET Optical Interposer platform technology, valued at more than $500,000.

At the time of writing, POET Technologies was among the top five trending stocks on Stocktwits. Retail sentiment around the company trended in ‘bullish’ territory.

The company stated that the ordered optical engines are scheduled to ship in early 2026, with production expected to “grow to high volumes” in the rest of the year. POET Technologies added that over the past few months, it has fulfilled multiple orders for the purpose of high-speed transceiver module development.

POET Technologies will also participate in the upcoming 2025 ECOC Exhibition in Copenhagen, Denmark, which is scheduled to begin on September 28. “ECOC is one of our industry’s most important annual events and we’re excited to be in the spotlight to discuss our technology and our progress in detail as POET enters into volume production of optical engines,” said the company’s CEO, Suresh Venkatesan.

The company, headquartered in Toronto, Canada, reported a loss of $0.21 per share on revenue of $0.27 million, while Wall Street estimated a loss of $0.1 per share on revenue of $0.3 million, according to Stocktwits data.

POET stock is up 2% year-to-date and 38% over the past 12 months.

Also See: BigBear.ai Stock Soars Over 13% On Partnership With SMX To Enhance US Navy’s Maritime Awareness

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