On August 14, POET Technologies Inc rose 8.02% in regular trading, trading at $9.61/share with turnover of $58.52 million. The rally was driven by the company's better-than-expected Q2 results and disclosure of new optical chip orders.

For Q2, the company reported a net loss of $0.07 per diluted share, narrowing 66.67% from a loss of $0.21 per share a year earlier, and beating the analyst consensus estimate of a $0.08 loss by 12.5%. Revenue for the quarter ended June 30 was $569,925, up 112% from $268,469 a year earlier, also surpassing the $500,000 estimate. This marked the sixth consecutive quarter of sequential revenue growth. The combination of narrowing losses, accelerating revenue, and new order announcements boosted market sentiment for the photonic integrated circuit developer, which serves data center and AI optical engine applications.

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