01:58 PM EDT, 03/18/2024 (MT Newswires) -- POET Technologies Inc. ( POET ) over the weekend said that it narrowed its fourth-quarter net loss to US$5.5 million ($7.4 million), or US$0.13 per share, from a loss of US$6.3 million, or US$0.17 per share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was US$107,551, down from US$199,559 a year earlier.

Peter Charbonneau, POET's lead independent director and chairman of the corporate governance and nominating committee, has stepped down from the board for personal reasons. effective March 14.

The company's stock fell 1.7% on last look on Monday.

Price: 1.76, Change: -0.03, Percent Change: -1.68