BRN Discussion Ongoing

[Fact Finder]

Now what was it the legends of HC want Brainchip Directors and management to do again while Brainchip is loaded down with NDAs and commercial in confidence agreements that cannot be disclosed to the market???

Major Aust Ag shareholder convicted of insider trading in US court 25 Jan 2024 - The biggest shareholder in Australian Agricultural Co, 86-year-old Joe Lewis, who holds a 52% stake in Aust Ag through his company, Tavistock Group, has been convicted of insider trading by a US court. Lewis, who also revealed the purchase of another 6 million shares in the beef producer midway through 2023, pleaded guilty in a New York federal court to securities fraud related to insider trading.” He must have taken advice from HC legal experts

My opinion only DYOR
Fact Finder

 

[Sirod69]

Martin Mayanja​

Inside Sales @ onsemi Focused on Customer Success & Business Goals

Transforming Automotive: A $1.6 Trillion Opportunity by 2034!

The automotive landscape is on the brink of a revolutionary change! A recent report by IDTechEx highlights a thrilling future for the industry, projecting a market opportunity that skyrockets to an estimated $1.6 trillion by 2034. This significant leap forward is driven by the advent of autonomous driving, electric vehicles, connectivity, and more, marking electrification and automation as the new norm. With a predicted compound annual growth rate (CAGR) of 9.8% from 2023 to 2033, the electric vehicle market is booming, fueled by advancements in motors, batteries, and power electronics. Moreover, the surging demand for sophisticated sensors in vehicles highlights their crucial role in ensuring the safety and efficiency of both autonomous and electric vehicles, promising a growth of 13.7% in the ADAS and autonomous vehicle sensors market.

Connected vehicles are reshaping our driving experiences, with the trend only set to grow. New revenue models like feature-as-a-service (FaaS) highlight how technology is not just enhancing vehicles but transforming our interactions with them, with the annual revenue from connected and software-defined vehicles expected to exceed $700 billion. Despite being in its early stages, autonomous driving is making significant strides, with the pursuit of mobility-as-a-service (MaaS) expected to see global expansion, contributing massively to the industry's growth.

At onsemi, we're excited about these developments! We see great potential in contributing to this transformative era with our intelligent power and sensing technologies. Our focus on innovation aligns perfectly with these trends, positioning us to be at the forefront of this automotive revolution.

For those interested in diving deeper into these insights, the full IDTechEx report is a treasure trove of information. And if you're curious about how onsemi is gearing up for these changes, let’s connect!

 

[Pom down under]

View attachment 55101

 

[manny100]

Is there any chance that some of the Renesas AKIDA chips will end up in a Mercedes?
I asked IR what is happenning with the Renesas chips in December'23. IR handballed it and replied that my email had been forwarded to the new CTO for consideration.
Still waiting for a reply. Must be a 'sensitive' topic ATM.

 

[buena suerte :-)]

Here we go ....!!!

 

[Onboard21]

Quarterly results are out

 

[Jimmy17]

Brilliant quarterly update. $780k is a decent improvement in revenue

 

[Xhosa12345]

Good cash in 780k but not getting excited cos receivables at 30 jun were 750k, and only 27k collected september, so most could be collecting the old stuff. so will wait until the yearly report to see how much new revenue in this 6 months. Back of envelope says 30k new revenue collected only.

 

[manny100]

47% of receipts from customers received for the last 12 months was in the last Quarter. May be the start of a long series of quarterly cash receipts increases.
This is what Sean has been saying . Watch the financials.
Its a start to build from.

 

[DingoBorat]

And here is a useless bit of information on how many chips are in the latest iPhone

View attachment 55094

How do they fit 3 boards, in one of those things? ..

No wonder they were getting a bit toasty, before they "fixed" them (dumbed them down?)..

 

[manny100]

The market is showing some early enthusiasm for the report. I think it like the 'receipts from customers'.

 

[Geared]

this is a refreshing announcement - lets go BRN!

 

[Fact Finder]

Good cash in 780k but not getting excited cos receivables at 30 jun were 750k, and only 27k collected september, so most could be collecting the old stuff. so will wait until the yearly report to see how much new revenue in this 6 months. Back of envelope says 30k new revenue collected only.

I think $20,000 came from employee options.

The important thing underlying the $750,000 is it proves out MegaChips commercialisation commitment to AKIDA technology.

My opinion only DYOR
Fact Finder

 

[wilzy123]

Launch of Akida 2.0: BrainChip introduced its second-generation Akida 2.0 IP solution, featuring significant technical innovations like Temporal Event-Based Neural Nets (TENNs). This is expected to enhance intelligent processing of multi-dimensional streaming data, crucial for Edge AI growth.

Change in Technology Leadership: Peter van der Made, the founder and former CTO, transitioned his role to Dr. Anthony (Tony) Lewis. Dr. Lewis brings extensive experience from HP, Inc. and Qualcomm, Inc., and has an academic and entrepreneurial background in AI and neuromorphic computing.

Senior Appointments: The company appointed Mr. Steve Thorne as Vice President of Sales, bringing nearly three decades of experience in AI and data center solutions.

Patent Portfolio Expansion: BrainChip secured its 19th patent, US 11,853,862, related to unsupervised detection of repeating patterns in a series of events.

Strategic Partnerships and Collaborations:

• Partnership with Circle8 Clean Technologies and AVID Group for developing AI-powered "Smart Bins" for automatic waste sorting and recycling.
• Collaboration with EDGX, a Belgian space tech company, to develop data processing units for demanding environments like space.
• Joint effort with VVDN Technologies to showcase the neuromorphic Edge Box based on Akida technology at CES 2024.

Product Developments:

• Introduction of the Akida Edge Box for AI applications in challenging environments, with pre-sale expected in Q1 2024. This product targets various markets like retail, healthcare, and security.
• Partnership for the new Unigen Cupcake Edge AI Server, integrating BrainChip's Akida neuromorphic processor.

Capital Call Notice with LDA Capital:

• On 4 December 2023, BrainChip announced a new Capital Call Notice to LDA Capital for subscribing to 25 million shares, aimed at boosting capital reserves in anticipation of increased commercial engagements and customer support needs.
• A third amendment to the Put Option Agreement with LDA Capital was entered on 29 December, allowing for a one-year extension with an option for two additional years. The company must draw down the remaining $2.7M (AUD) and at least $12M (AUD) by 31 December 2024.

Financial Update for the Quarter:

• The company ended the December quarter with US$14.3M in cash, down from US$17.8M in the previous quarter.
• Net operating cash outflows were reported at US$3.3M, a decrease from US$4.0M in the prior quarter.
• Cash inflow from customers increased to US$0.78M, compared to US$0.03M in the previous quarter.
• Total payments to suppliers and employees were US$4.2M, lower than the US$4.5M in the previous quarter, attributed to reduced third-party R&D services costs and favorable exchange rates.
• Operating activities included payments totaling US$290,645 to BrainChip’s Board of Directors, covering fees and salaries, and including unused leave benefits paid to Mr. Peter van der Made upon his retirement.
• Financing activities saw a minor cash inflow of US$0.02M from the exercise of stock options under the Long-Term Incentive Plan (LTIP).

 

[AARONASX]

View attachment 55106 Launch of Akida 2.0: BrainChip introduced its second-generation Akida 2.0 IP solution, featuring significant technical innovations like Temporal Event-Based Neural Nets (TENNs). This is expected to enhance intelligent processing of multi-dimensional streaming data, crucial for Edge AI growth.

View attachment 55106 Change in Technology Leadership: Peter van der Made, the founder and former CTO, transitioned his role to Dr. Anthony (Tony) Lewis. Dr. Lewis brings extensive experience from HP, Inc. and Qualcomm, Inc., and has an academic and entrepreneurial background in AI and neuromorphic computing.

View attachment 55106 Senior Appointments: The company appointed Mr. Steve Thorne as Vice President of Sales, bringing nearly three decades of experience in AI and data center solutions.

View attachment 55106 Patent Portfolio Expansion: BrainChip secured its 19th patent, US 11,853,862, related to unsupervised detection of repeating patterns in a series of events.

View attachment 55106 Strategic Partnerships and Collaborations:

• Partnership with Circle8 Clean Technologies and AVID Group for developing AI-powered "Smart Bins" for automatic waste sorting and recycling.
• Collaboration with EDGX, a Belgian space tech company, to develop data processing units for demanding environments like space.
• Joint effort with VVDN Technologies to showcase the neuromorphic Edge Box based on Akida technology at CES 2024.

View attachment 55106 Product Developments:

• Introduction of the Akida Edge Box for AI applications in challenging environments, with pre-sale expected in Q1 2024. This product targets various markets like retail, healthcare, and security.
• Partnership for the new Unigen Cupcake Edge AI Server, integrating BrainChip's Akida neuromorphic processor.

Home - Circle8 Clean Technologies

Circle8 is the visionary startup by Mark & Megan Grogan to get plastic off Earth's face. Empowering & democratising plastic waste disposal.

circle8.io

 

[AI_Inquirer]

I'm pleased, whether it's milestone payments (as indicated in the Valeo JVA agreement) or some limited capacity production. But 750,000 is beyond what you would expect for straight consulting / tech support hours.

 

[keyeat]

share price this morning ....

 

[Diogenese]

View attachment 55106 Launch of Akida 2.0: BrainChip introduced its second-generation Akida 2.0 IP solution, featuring significant technical innovations like Temporal Event-Based Neural Nets (TENNs). This is expected to enhance intelligent processing of multi-dimensional streaming data, crucial for Edge AI growth.

View attachment 55106 Change in Technology Leadership: Peter van der Made, the founder and former CTO, transitioned his role to Dr. Anthony (Tony) Lewis. Dr. Lewis brings extensive experience from HP, Inc. and Qualcomm, Inc., and has an academic and entrepreneurial background in AI and neuromorphic computing.

View attachment 55106 Senior Appointments: The company appointed Mr. Steve Thorne as Vice President of Sales, bringing nearly three decades of experience in AI and data center solutions.

View attachment 55106 Patent Portfolio Expansion: BrainChip secured its 19th patent, US 11,853,862, related to unsupervised detection of repeating patterns in a series of events.

View attachment 55106 Strategic Partnerships and Collaborations:

• Partnership with Circle8 Clean Technologies and AVID Group for developing AI-powered "Smart Bins" for automatic waste sorting and recycling.
• Collaboration with EDGX, a Belgian space tech company, to develop data processing units for demanding environments like space.
• Joint effort with VVDN Technologies to showcase the neuromorphic Edge Box based on Akida technology at CES 2024.

View attachment 55106 Product Developments:

• Introduction of the Akida Edge Box for AI applications in challenging environments, with pre-sale expected in Q1 2024. This product targets various markets like retail, healthcare, and security.
• Partnership for the new Unigen Cupcake Edge AI Server, integrating BrainChip's Akida neuromorphic processor.

View attachment 55106 Capital Call Notice with LDA Capital:

• On 4 December 2023, BrainChip announced a new Capital Call Notice to LDA Capital for subscribing to 25 million shares, aimed at boosting capital reserves in anticipation of increased commercial engagements and customer support needs.
• A third amendment to the Put Option Agreement with LDA Capital was entered on 29 December, allowing for a one-year extension with an option for two additional years. The company must draw down the remaining $2.7M (AUD) and at least $12M (AUD) by 31 December 2024.

View attachment 55106 Financial Update for the Quarter:

• The company ended the December quarter with US$14.3M in cash, down from US$17.8M in the previous quarter.
• Net operating cash outflows were reported at US$3.3M, a decrease from US$4.0M in the prior quarter.
• Cash inflow from customers increased to US$0.78M, compared to US$0.03M in the previous quarter.
• Total payments to suppliers and employees were US$4.2M, lower than the US$4.5M in the previous quarter, attributed to reduced third-party R&D services costs and favorable exchange rates.
• Operating activities included payments totaling US$290,645 to BrainChip’s Board of Directors, covering fees and salaries, and including unused leave benefits paid to Mr. Peter van der Made upon his retirement.
• Financing activities saw a minor cash inflow of US$0.02M from the exercise of stock options under the Long-Term Incentive Plan (LTIP).

And the belated icing on the patent cake is application US2023250093 for Akida 2's TeNNs, published on 20231228 with a priority of 20220622. The initial International Search report did not find any earlier documents which would affect the patent claims.

 

[DingoBorat]

Good cash in 780k but not getting excited cos receivables at 30 jun were 750k, and only 27k collected september, so most could be collecting the old stuff. so will wait until the yearly report to see how much new revenue in this 6 months. Back of envelope says 30k new revenue collected only.

That's a little disappointing if correct, but not unexpected.
The only real increase I was expecting, was if MegaChip's sold some more IP licences.

It's a good enough increase "on the face of it" to keep some of the cry babies happy though..

What's impressive, is how much is going on with the Company's development and commercialisation efforts.

There is and "seems" to be so much happening.

Things are often said at these times, to the effect of "This quarter wasn't so great, but the next one could be a boomer"..

Something the "Hopeful" cling to I guess? ..

But this current quarter, really does look like something to look forward to, the results of..
And then every following quarter!

Like Sean said, this is a crucial year for BrainChip and one in which very tangible results, will begin to be seen, in my opinion.

 

[7für7]

I acknowledge that the announcement indicates some progress. It might not be a giant leap, but it shows that work is being done. A standard development for a startup until a breakthrough occurs. Honestly, I had set my expectations even lower. I am satisfied. It's progressing