Vcselrevolution: Gross is moot - it's sales minus direct cost only.

They manage to turn a 40% gross margin into a loss.

13 years after that large cash infusion by 3i, that worries me.

I understand your concerns, vcselrevolution, and I think this is one of the factors why POET got DenseLight at this price. At least I can't imagine that our management hasn't considered this. Can you? They obviously came to the conclusion that the package as a whole is worth the money.

Next week we'll know more.