BRN Ann: Appendix 4E - 23rd Feb 2022, 7:04pm

[annb0t]

BRN Ann: Appendix 4E
Price Sensitive: Y
Date: 23rd Feb 2022, 7:04pm

>>> Read announcement: Google: BRN Market Announcements

 

[zeeb0t]

 

[curlednoodles]

Just a 1215% increase in revenue.

 

[yogi]

If someone can explain us if the half yearly report is positive or Negative , I can see revenue growth but at the same time there are expenses which increased as well.
thank you

 

[wilzy123]

 

[AARONASX]

If someone can explain us if the half yearly report is positive or Negative , I can see revenue growth but at the same time there are expenses which increased as well.
thank you

1215% rise in revenue with no big Ann yet, I think that's positive

 

[Izzzzzzzzzzy]

If someone can explain us if the half yearly report is positive or Negative , I can see revenue growth but at the same time there are expenses which increased as well.
thank you

The increase in expenses were in relation to paying to create the chip I am very sure. Please correct me if I am wrong.

I would not worry about expenses personally. Reason being, we just kicked off commercially and we are in early stages. Giver her sometime to take her bra off before trying to suck on the tities and you will he rewarded.

My opinion only, dyor

 

[yogi]

The increase in expenses were in relation to paying to create the chip I am very sure. Please correct me if I am wrong.

I would not worry about expenses personally. Reason being, we just kicked off commercially and we are in early stages. Giver her sometime to take her bra off before trying to suck on the tities and you will he rewarded.

My opinion only, dyor

Sure thing @Izzzzzzzzzzy I know it is good sign when we just kicked in our commercial step and we are up 1215% and yes those expenses as explained due to R&D, staffing and put option as well.
I was just not very good at reading those report.
cheers

 

[Izzzzzzzzzzy]

Sure thing @Izzzzzzzzzzy I know it is good sign when we just kicked in our commercial step and we are up 1215% and yes those expenses as explained due to R&D, staffing and put option as well.
I was just not very good at reading those report.
cheers

I will be very honest, I am not great either. I am currently basing my trust in the company based on the fundamentals. Right now even though they have had a 1000% increase which is great to see. I believe we will see much greater results by 2025 and my money is where my mouth is

 

[yogi]

I am wondering will this be release in Us and europe market, just wanted to see how will they react, at the moment Europe looks good at+8.4% up

 

[Okeydokey01]

This is solid as a rock. Our cash position is strong, and with several key appoints, new larger premises, the commercialisation of our product along with continued development of current and future iterations of AKIDA our operating expenses appear to me to be being well managed.

What an exciting and transformative period the next few years will be.

 

[JDelekto]

If someone can explain us if the half yearly report is positive or Negative , I can see revenue growth but at the same time there are expenses which increased as well.
thank you

If I am reading this correctly, it seems that the total losses have decreased by 22% between 2020 and 2021. Yes, still quite a bit of cash outflow, but I expect that as they have just begun commercialization last year, are spending quite a bit in R&D to keep their product line ahead of the competition and they are starting to rapidly grow their team.

I've noticed some people have shown concerns that other members of the executive team do not hold stock in the company, however, it is quite possible that they negotiated several shares after a certain tenure or perhaps they are not vested in any shares. We already know that BrainChip has set aside a large number of shares for employee incentives, so we'll just have to see what happens over time.

Yes, the 1215% rise in revenue is awesome on paper, but the total revenue numbers are still low and that is to be expected at the start of this commercialization phase. Not sure what we will see exactly in the first quarterly report, but I would imagine perhaps more payments from the MegaChips deal, sales from the development kits, and the pre-sales from the PCIe board will contribute to it.

Looking at their cash runway, it appears they will still be able to operate for over a year and they still have a source of funding. As I noted before, this is a stock I plan to hold long-term. I'm not an experienced day trader and all of my purchases of BrainChip have been through my retirement accounts, so I know I won't be touching them for at least another decade.

Based on how tech companies spend a good bit of money upfront, mainly in R&D until they get a foothold in the market, I don't see anything too concerning in the report.

 

[yogi]

If I am reading this correctly, it seems that the total losses have decreased by 22% between 2020 and 2021. Yes, still quite a bit of cash outflow, but I expect that as they have just begun commercialization last year, are spending quite a bit in R&D to keep their product line ahead of the competition and they are starting to rapidly grow their team.

I've noticed some people have shown concerns that other members of the executive team do not hold stock in the company, however, it is quite possible that they negotiated several shares after a certain tenure or perhaps they are not vested in any shares. We already know that BrainChip has set aside a large number of shares for employee incentives, so we'll just have to see what happens over time.

Yes, the 1215% rise in revenue is awesome on paper, but the total revenue numbers are still low and that is to be expected at the start of this commercialization phase. Not sure what we will see exactly in the first quarterly report, but I would imagine perhaps more payments from the MegaChips deal, sales from the development kits, and the pre-sales from the PCIe board will contribute to it.

Looking at their cash runway, it appears they will still be able to operate for over a year and they still have a source of funding. As I noted before, this is a stock I plan to hold long-term. I'm not an experienced day trader and all of my purchases of BrainChip have been through my retirement accounts, so I know I won't be touching them for at least another decade.

Based on how tech companies spend a good bit of money upfront, mainly in R&D until they get a foothold in the market, I don't see anything too concerning in the report.

Hi @JDelekto much appreciate it, thank you very much for your explanation. Some times its hard to understand all those stuff. But as you mentioned with IT sector on R&D state cash do burn a lot.
thank you

 

[Fact Finder]

Hi @JDelekto much appreciate it, thank you very much for your explanation. Some times its hard to understand all those stuff. But as you mentioned with IT sector on R&D state cash do burn a lot.
thank you

What the report importantly reveals is that with cash on hand and the funds from the LDA Capital Brainchip presently has $AU49,000.00 CASH RUNWAY.

This will carry them for two years plus they can make further calls on LDA Capital which if fully drawn would add another two years.

This means income which Peter van der Made and the new CEO Sean Hehir have both said will ramp up this year will ensure going concern status for many years to come.

Brainchip is no longer surviving hand to mouth.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[yogi]

What the report importantly reveals is that with cash on hand and the funds from the LDA Capital Brainchip presently has $AU49,000.00 CASH RUNWAY.

This will carry them for two years plus they can make further calls on LDA Capital which if fully drawn would add another two years.

This means income which Peter van der Made and the new CEO Sean Hehir have both said will ramp up this year will ensure going concern status for many years to come.

Brainchip is no longer surviving hand to mouth.

My opinion only DYOR
FF

AKIDA BALLISTA

Much appreciate it thank you FF

 

[MDhere]

Morning all, good announcenent, deseves a Jupiler with its signature logo! Cheers.

 

[Flenton]

What the report importantly reveals is that with cash on hand and the funds from the LDA Capital Brainchip presently has $AU49,000.00 CASH RUNWAY.

This will carry them for two years plus they can make further calls on LDA Capital which if fully drawn would add another two years.

This means income which Peter van der Made and the new CEO Sean Hehir have both said will ramp up this year will ensure going concern status for many years to come.

Brainchip is no longer surviving hand to mouth.

My opinion only DYOR
FF

AKIDA BALLISTA

I don't think a cash runway of $49k will last too long... I think you missed a few 0s there Mr Finder

 

[Fact Finder]

It was late $49 million. LOL FF

 

[Flenton]

A small point which I liked is that we employed at the rate of 1 new staff every 2.5 weeks

 

[Cocoman]

1215% rise in revenue with no big Ann yet, I think that's positive

I think the increase in revenue is awesome. It looks like this is just the beginning too. I'm not expecting them to turn a profit anytime soon as they continue to invest and grow.
The issue for me is the increase in revenue vs increase in MC. What is a good entry price to buy more whilst the markets are so volatile?