05:21 PM EDT, 08/11/2025 (MT Newswires) -- POET Technologies ( POET ) edged down in after-hour Nasdaq trade after the company on Monday reported a wider second-quarter loss and higher revenue.

The company lost US$17.3 million, or US$0.21 per share, in the period, compared with a loss of US$8 million, or US$0.14, a year ago. FactSet expected a loss of US$0.10.

Revenue stood at US$268,469 in the quarter ended June 30, compared with nil for the same period in 2024. FactSet projected US$300,000.

"The second quarter of 2025 marked a major step forward in preparing for volume production of optical engines at Globetronics, with all equipment now installed and operational," said Chief Executive Suresh Venkatesan.

He added that in May, the company raised US$30 million in a private placement, its largest funding round to date, giving POET Technologies ( POET ) the capital to support its short-term growth.

The company's shares were last seen down US$0.04 to US$5.48 after hours. They closed up $0.02 to $7.58 on the TSX Venture Exchange.