Considering that the share count has over doubled over the last 4 years, the company has done pretty well, and so has the market cap, generally, for a company that has no revenue.
http://www.gurufocus.com/term/Shares%20Outstanding/XSWX:PTK/Shares%2BOutstanding/POET%2BTechnologies%2BInc
Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
POET Technologies Inc Annual Data
| |
Dec05 |
Dec06 |
Dec07 |
Dec08 |
Dec09 |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
Dec14 |
| Shares Outstanding (Diluted Average) |
38.21 |
16.01 |
46.73 |
57.35 |
56.93 |
70.51 |
90.62 |
101.91 |
130.74 |
156.49 |
POET Technologies Inc Quarterly Data
| |
Jun13 |
Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
Dec14 |
Mar15 |
Jun15 |
Sep15 |
| Shares Outstanding (Diluted Average) |
132.48 |
132.58 |
132.79 |
140.07 |
157.61 |
157.61 |
165.29 |
173.44 |
180.20 |
188.79 |
