How did POET's current assets increase from $53.8M (Dec 31, 2024) to $73.1M (June 30, 2025)?

POET Technologies Inc.'s current assets increased from $55.48 million as of December 31, 2024, to $74.96 million as of June 30, 2025, representing an increase of approximately $19.48 million. This growth was primarily driven by a substantial increase in short-term investments, which more than offset a decrease in cash and cash equivalents during the period.1

A detailed breakdown of the changes in current asset components reveals the following:

• Short-term investments saw a significant increase of approximately $44.02 million, rising from $16.67 million on December 31, 2024, to $60.69 million on June 30, 2025.1
• Cash and cash equivalents experienced a decrease of approximately $24.78 million, moving from $37.14 million to $12.36 million over the same period.1
• Prepaids and other current assets showed a modest increase of about $0.25 million, from $1.66 million to $1.91 million.1
• Accounts receivable remained negligible, decreasing slightly from $7,257 to zero.1

The shift indicates that POET Technologies Inc. reallocated a significant portion of its cash into short-term investments, contributing to the overall increase in its current asset base.1