BRN Discussion Ongoing

[jrp173]

I would have to listen to it again but was the response in relation to a redomicile was being investigated and not a definite move to the US or anywhere else.
I do remember him at the start saying that there was no definite redomicile to the US as it was only being investigated.
I cannot remember what he said later but he definitely said that very early on.

No the reply was specifically around "where" the redomicle would be. It was in reply to a shareholder talking about a redomicile to US ... Antonio vehemently denied that he (BRN) had ever mentioned the US and that the redomicle could be anywhere....

So it wasn't around whether the board was going to recommend we do or do not re-domicile, it was all over the actual location. Ridiculous really!

You'll hear it when the AGM video is released.

What a cockup...

 

[MDhere]

Ok I’ve just changed my mind about attending next years AGM as just been charged $14.30 for a scooner of great northern at the airport

View attachment 83868

Was only $10 at the pub we went to next time just wait ril you get here ps thanks for the beer, I got u one too but still owe u one at that price. Hope u got yr flight in time!!

 

[Pom down under]

Can anyone comment on the $9,000,0000 booking target Sean has?

Is it $9mio US or AUD? Is it gross revenue for BRN or the customer, or is it the profit on sales?

I’ll be happy with $9 atm

 

[Jchandel]

Entertainment value highest ever

Board knew they were going into a vipers pit of rusted on holders

But seriously wtf were some of those questions. I felt embarrassed through my phone, can only imagine it in the place.

Antonio stressed at the start of the meeting that it was just an investigation (re-domiciling), i believe the latest quarterly also stated the same.

Suggestions that the company should be advertising on radio and TV in Australia is honestly laughable, the company is scrutinised quarterly on their spending - as if they are going to spend on advertising to the uneducated public. Just so some of the oldies in the crowd get a few extra cents on the share price lmfao

So much grandstanding, im this and im that and i think this - the reason the company hasn't implemented your suggestions is because its 0 VALUE GAIN

The same questions get asked year on year, and you keep getting the same answer, when are you folks going to learn honestly

Shareholders whining about performance of CEO - CEO ties himself to book more than double current annual revenue this year $9,000,000

Whoever asked the question about fortune 500 companies - nice, they actually added that there are 10 engagements with those large multinational, multibillion dollar companies + an additional 20 or so subsidiaries of those companies

Sean said there are several US government submissions happening monthly

Company has more engagements going in the last 5 months than in the entire history of the company

Can the grandstanding self absorbed old fuddy duddies go elsewhere with their REVENUE NOW demands, BHP should suit you nicely lmfao

God speed Antonio, Sean and board.

That should put a few offside - Go BRN

The response to Fortune 500 question felt like something made up on the fly.. I don’t honestly believe anything that comes out of Antony’s mouth. He is a typical sales person.
I hope I am wrong with my assessment though

 

[DingoBorat]

Can anyone comment on the $9,000,0000 booking target Sean has?

Is it $9mio US or AUD? Is it gross revenue for BRN or the customer, or is it the profit on sales?

Can only say, that "AUD" wouldn't be in Sean's vocabulary.
So definitely US dollars, I reckon..

 

[FJ-215]

Can only say, that "AUD" wouldn't be in Sean's vocabulary.
So definitely US dollars, I reckon..

AUD could be. Sean's Great Northern would only be around $9.20 US dollars.
Nothing like travelling to a third world country with a weak dollar.

 

[supersonic001]

Sean’s comment was “unlikely, maybe or maybe not “ was about royalties this year, not about the 9M$ bookings

If I recall, in response to ‘revenue’, he said “unlikely but possible”……

As stated by Viana I think, any bookings, which I refer to as pre commit or contract agreement, is no guarantee to timing of revenue/royalties…… why ? Surely any agreement ( whatever you call it) must link an outcome with a deliverable date ?

Its a different world this industry early phase…..

 

[Pom down under]

Anduril Industries is actively collaborating with the U.S. government on the development of advanced augmented reality (AR) headsets for military applications.

I wonder if these are the headsets that were being referred to at the AGM?

As mentioned previously, it would be amaze-balls if Anduril and BrainChip were to team up.




Anduril is working on the difficult AI-related task of real-time edge computing

Anduril Menace-T edge computing product · TechCrunch · Image Credits:Anduril
Julie Bort
Tue 6 May 2025 at 6:30 am AEST 3 min read

Anduril announced its ninth acquisition on Monday with the purchase of Dublin’s Klas, makers of ruggedized edge computing equipment for the military and first responders.
Anduril wouldn’t reveal financial details of the deal, and the purchase is subject to regulatory approval, but the company did say that Klas employs 150 people.

Relatedly, on Monday, Anduril also announced a new product called Menace-T.
We’ll give the company points for the interesting product name, especially for a device that’s really just a bundle of compute/network connectivity, rather than, say, a fantasy-style broadsword. (Compare the name Menace to Lockheed Martin’s C2BMC, the name for its Command, Control, Battle Management & Communications products.)
Klas’ flagship product, known as Voyager, is the ruggedized family of compute and networking systems that Anduril had already been using in its other Menace command center products. Voyager had also already been integrated with Anduril’s flagship Lattice software. Lattice brings sensors and AI to devices to perform tasks like object identification.
But while most of us envision a portable command system being the size of a truck — which many are — Menace-T fits into two carry-on cases that can be set up by one person in minutes, the company says. Its goal is to bring edge computing and communications to off-grid and/or inhospitable environments. Anduril says it’s already being used in military ground vehicles and maritime vessels.

One interesting use case for Menace-T is compute/communications support for the military’s Integrated Visual Augmentation System (IVAS) VR headsets. The IVAS project was initially awarded to Microsoft in 2018 after it pitched the idea of developing ruggedized HoloLens headsets for soldiers. The project was awarded an initial $21.9 billion budget.
But after years of technical struggles, Anduril took control of the troubled contract in February — although Microsoft remains a cloud partner.
Lattice had already been added to Microsoft’s IVAS headsets, bringing computer vision AI that helps the headset detect, track, and classify objects.
Now Anduril thinks that the Klas technology that powers its Menace-T product can solve some of IVAS’s other historic problems, like reliable data processing.
With IVAS, “there are scenarios where those soldiers need to communicate with the tactical edge to send data, to receive data, to task autonomous systems, and that's a place where the Klas technology can help,” Tom Keane, SVP of Engineering, said at a press conference. “Klas has already been supplying technology to IVAS for several years in that context. So we expect to do more there.”

Anduril is working on the difficult AI-related task of real-time edge computing

Relatedly, on Monday, Anduril also announced a new product called Menace-T. Klas’ flagship product, known as Voyager, is the ruggedized family of compute and networking systems that Anduril had already been using in its other Menace command center products.

au.finance.yahoo.com

They have taken over Microsoft’s contract that was worth 22 billion over 10 years, due to many issues during testing.

 

[MDhere]

@supersonic001 The 9 mil bookings was in their sights this year. I raised the question on royalties coming in this year and that's when they said the wish washy response but I didn't inc chip sales in my question. The 9 mi bookings is something that I feel is on the cards before end of 2025.

That was my take.

Has good chats with the board on a general level and the roadmap was pleasing to see.

 

[Jacob Kiraz]

He was talking about revenue. Not sure which currency.

I thought he said no revenue in 25

 

[Jacob Kiraz]

The response to Fortune 500 question felt like something made up on the fly.. I don’t honestly believe anything that comes out of Antony’s mouth. He is a typical sales person.
I hope I am wrong with my assessment though

I totally agree,last year they needed to convince the room and they did,
This year it seemed a different vibe,

 

[FiveBucks]

Regardless of whether the $9 mill is coming this year or not, the only thing that seems to be guaranteed is another year of negative revenue and a more dilution to come.

Fml.

 

[Pom down under]

The

Regardless of whether the $9 mill is coming this year or not, the only thing that seems to be guaranteed regardless is another year of negative revenue and a more dilution to come.

Fml.

I can’t agree anymore unless we hit a major contract that could make us profitable overnight. So I’ll keep accumulating until we do

 

[MDhere]

The

I can’t agree anymore unless we hit a major contract that could make us profitable overnight. So I’ll keep accumulating until we do

Less $15.80 now

 

[Pom down under]

Less $15.80 now

Make that $18.20 more as I had a pint just before I got bent over and

 

[Kingkong2015]

Instead of focusing on that military helmet stuff, everyone seems to be missing a much bigger point.


The CTO mentioned that they have already got eyeball-tracking capabilities, similar to the Apple Vision Pro. He also said these are the kinds of real-world use cases they’re currently working on with some clients now.



So, which AR/VR glasses company could this be? It’s definitely not Onsor—they’re not in the AR/VR glasses space.

 

[The Pope]

It is obvious Sean is reading and not using his notes as a guide. It’s unfortunate that he often stumbles his words.

Sean told me at the last AGM he isn’t allowed to go off script and basically goes word for word as it’s linked to the asx announcement but he can answer any shareholders questions after his AGM open address to share holders.
If it doesn’t make sense ask Sean or Tony Dawe

 

[Pom down under]

Instead of focusing on that military helmet stuff, everyone seems to be missing a much bigger point.


The CTO mentioned that they have already got eyeball-tracking capabilities, similar to the Apple Vision Pro. He also said these are the kinds of real-world use cases they’re currently working on with some clients now.



So, which AR/VR glasses company could this be? It’s definitely not Onsor—they’re not in the AR/VR glasses space.

Did I miss something and they mentioned the US army testing our technology in the AGM and they were well impressed what it can achieve.

 

[Guzzi62]

Annual General Meeting Chair and CEO Addresses​

Chairman’s Address

Before I hand over to Sean, I would like to express my thanks to Dr Tapson for his product roadmap presentation before the AGM today. For those of you who missed Dr Tapson’s presentation, don’t worry, the full presentation will be up on our website shortly. I really hope everyone here listened to it and absorbed it. Our expectation with the presentation was for the share base to understand that in our history, Brainchip has never had a roadmap and product offering as robust and targeted as we do now.The presentation captured and summarized where Brainchip is at and illustrates much of what we have been doing for the past 2-3 years in terms of overhauling our product offering.To much ridicule, I love to, in many of my talks, refer to Wayne Gretzky who is the greatest ice hockey player ever. Not the greatest professional sports player ever, that is reserved for Cristiano Ronaldo. Hey, I am Portuguese and I know, odd for a Portuguese guy to follow ice hockey, but give me some slack and stay with me, Gretzky, upon reflection of his career, would commonly say that he always focused on where he anticipated the puck would be, rather than focusing too hard on where it is. This is profound in tech, just like in sport.Brainchip finally has a roadmap that not only positions well today but is designed to meet where the market is going....and has the built-in flexibility to adapt and intercept quickly. This last comment is the most important. Brainchip had been saddled with a product offering that, while solid and with a strong technological foundation, it lacked the flexibility needed to evolve and adapt quickly to changing market conditions. The good news? No, the great news, is that we now have the offering we need, and the market needs, again, now. Previously, our “inflexibility” made market penetration difficult. It has indeed taken some time, more than we anticipated, to unwind our offering and to get where we are now.In AGM’s past, we have avoided using the “pivot” word. Sometimes that word carries the wrong connotation. So, being conservative, we avoided using it. But there is a reality to accept – it was quite clear when I first got here, let alone Sean, that an overhaul was needed. When I arrived, Brainchip had solid fundamental technology, but, via some bad decisions, non-ideal leadership, tough luck and bad timing, whatever, the product roadmap and product robustness just wasn’t there. The Company tried with all its might to push and position what we had, but we just didn’t have the complete set needed for success. Today, I can firmly say, the Company is in its best position ever. The Company has closed more engagements in the past 5months, than it ever has. Our confidence is such that you are seeing us make strong commitments with respect to bookings expectations. And yes, you are seeing us make noise about possible redomiciling. Our bullishness is starting to show. The Company must now look forward and drive forward, we can’t and shouldn’t look backwards in any form.

Page | 3 On redomiciling, let me take a moment and stress that we have not made any decisions regarding redomiciling. The Company has received many inquiries asking detailed questions to which we have no answers. Our announcement was only to let the market know we are investigating the matter. In our investigation and discussions with bankers, advisors, legal and other companies our fear of a leak predicated us to disclose our intention to conduct an investigation to the market. Rest assured, today nothing is in play. And when something develops, if it even does, we will certainly share all options and evaluate properly what is in the best interests of the Company and our shareholders. And ultimately, the shareholders will decide.

 

[Diogenese]

Sean told me at the last AGM he isn’t allowed to go off script and basically goes word for word as it’s linked to the asx announcement but he can answer any shareholders questions after his AGM open address to share holders.
If it doesn’t make sense ask Sean or Tony Dawe

The CEO's address is a de facto ASX announcement.