Hey there! Mat actually answered a question on Poet just 5 days ago, here is his answer:
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Hi there,
So in essence - their Optical Interposer platform is using photonics (light) to bring efficiency to several industries such as cloud computing, AI, 5G, etc. It essentially improves the wafer manufacturing process and reduces costs (by 25-40%) by combining multiple functions within its platform (as I understand it). It claims that the market is 10s of billions in size and that it has a total annual revenue potential greater than $1 billion.
In going through the company's documents - it certainly looks to be exciting. I am a big fan of disruptors and it seems to have a disruptive product. That being said, the company is still not yet in the commercial stage. According to its roadmap, it will enter into production in the third quarter of 2021.
One of the issues with these types of companies, is that without a proven business model it is very hard to place a value on the company. Until they prove the model from a commercial perspective, everything is just speculation. Furthermore, I'd say 99% of companies can lay out the bullish case for their products - many of them can make it look flashy, exciting and point to huge market potential. That 'many' turns to 'few' when it comes time to execute and deliver. I'd consider this a high risk stock and one that is not for the defensive investor.
Mat
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In terms of Quarterhill, this is actually a company I'm investigating further right now and have been for a bit, so I'll report my thoughts back when I'm finished.