Key events, in time order
Company expands Stage 3 customers, technology moving from development to commercialization
Net loss for Q1 2026 was $6.3 million or $0.04 per share compared to $4.7 million net loss in prior year period
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Makes specialty polymer materials that speed up data transmission in fiber-optic networks, like a faster lane for AI and cloud traffic.
No revenue yet; burns about USD 0.02B annually, with negative gross margins in recent quarters—money comes only from funding, not sales.
Patented Perkinamine polymers could be hard to copy, but no commercial product exists, so competitors like Ciena and Lumentum aren't threatened yet. Moat is weak because the tech is unproven at scale.
