Is POET TECHNOLOGIES INC. (POET) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.8% / 30% | 5.6% / 30% | 0.1% / 30% | 64036.78% / 5% | ✗ NOT HALAL |
| DJIM | 0.8% / 33% | 5.6% / 33% | 0.1% / 33% | 64036.78% / 5% | ✗ NOT HALAL |
| MSCI | 10.4% / 33% | 77.3% / 33% | 2.0% / 33% | 64036.78% / 5% | ✗ NOT HALAL |
| S&P | 0.8% / 33% | 5.6% / 33% | 0.1% / 33% | 64036.78% / 5% | ✗ NOT HALAL |
| FTSE | 10.4% / 33% | 77.3% / 33% | 2.0% / 50% | 64036.78% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | -3201.6% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -104.2% | |
| Return on Assets (ROA) | -31.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$23M |
| Free Cash Flow | -$30M |
| Total Debt | $7M |
| Debt-to-Equity | 11.0 |
| Current Ratio | 2.3 |
| Total Assets | $70M |
Price & Trading
| Last Close | $5.49 |
| 50-Day MA | $6.36 |
| 200-Day MA | $6.05 |
| Avg Volume | 8.8M |
| Beta | 0.4 |
|
52-Week Range
$3.09
| |
About POET TECHNOLOGIES INC. (POET)
POET Technologies Inc., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products and services for commercial applications in the United States, Canada, Singapore, and China. The company offers photonic integrated packaging solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices onto a single chip using advanced wafer-level semiconductor manufacturing techniques. It also designs and develops photonic integrated circuits and optical engines based on the POET Optical Interposer platform. The company serves the data center; tele-communications; 5G interconnect markets, such as PON and GPON, and edge computing for machine-to-machine communications; and sensing markets, including LIDAR, Optical Coherence Tomography for medical devices, and virtual reality systems, as well as light source markets. The company has a strategic collaboration with Lite-On Technology Corporation. POET Technologies Inc. was formerly known as Opel Technologies Inc. and changed its name to POET Technologies Inc. in June 2013. POET Technologies Inc. was incorporated in 1972 and is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is POET TECHNOLOGIES INC. (POET) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), POET TECHNOLOGIES INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is POET TECHNOLOGIES INC.'s debt ratio?
POET TECHNOLOGIES INC.'s debt ratio is 0.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 10.4%.
What are POET TECHNOLOGIES INC.'s key financial metrics?
POET TECHNOLOGIES INC. has a market capitalization of $793M, and revenue of $41,427. Return on equity stands at -104.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.