Why did POET's Q1 2024 EPS fall short of forecasts?

Poet Technologies' Q1 2024 EPS fell short of forecasts due to a combination of revenue shortfall and higher than expected dilution. The company's revenue was lower than anticipated, with a shortfall of $17,638. Additionally, the diluted EPS was -0.41, which indicates that the company's performance was diluted, possibly due to certain officers, employees and directors subscribing for additional units in a private placement.

|code|Ticker|Name|Date|Basic EPS|Estimate EPS|market_code|
|---|---|---|---|---|---|---|
|POET|POET.O|Poet Technologies|2024 Q1|-0.12|-0.1|186|
|POET|POET.O|Poet Technologies|2024 Q2|-0.14|-0.08|186|
|POET|POET.O|Poet Technologies|2024 Q3|-0.2|-0.07|186|
|POET|POET.O|Poet Technologies|2024 Q4|-0.3955|-0.07|186|

|code|Ticker|Name|Date|Total Revenue|market_code|
|---|---|---|---|---|---|
|POET|POET.O|Poet Technologies|2024 Q1|8710|186|
|POET|POET.O|Poet Technologies|2024 Q3|3685|186|
|POET|POET.O|Poet Technologies|2024 Q4|29032|186|