BRN Discussion Ongoing

[Bravo]

Just came across this company called Neurmorphica.

It's a European deep-tech company specializing in neuromorphic computing, cybersecurity, and advanced communication systems.

The website shows it has offices in Sofia, Bulgaria, and Turin, Italy, and it focuses on delivering energy-efficient, brain-inspired AI solutions for various sectors, including autonomous vehicles, industrial robotics, medical devices, and secure communication networks.

I've included a screen shot below of their products page which describes:

• NMS731 - a neuromorphic system-on-chip (SoC) platform using SNNs, designed for ultra-low power, edge-based inference.
• NMT194 - a flexible software-defined radio (SDR) solution optimized for IoT and field-deployable smart devices.

Can't find anything publicly that links them to us or any of our competitors, so it's unclear whether they have developed their own proprietary solutions.

 

[TECH]

"Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company."

One enormous problem with your comments, this is not a private company that belongs to Antonio, this is a publicly listed company, it belongs to ALL shareholders. He doesn't get to decide...

This is clearly your opinion only and not Antonio's, as we can all see from Sean and Antonio's comments at the AGM this year..

Firstly from Sean at the AGM..., As we look into 25, our focus is laser sharp on 4 critical objectives, Objective Three, improve our investor relations to give stakeholders clear, transparent and top tier communication that reflect our commitment to shareholder engagement.

And from Antonio at the AGM - If we do a deal with customer A, right, trust me, Brainchip has no problem at all, right, trying to get information out, whether it be to the ASX or to the general market that we did business with Customer A, we absolutely want to do that. It, it promotes our brand, it shows the market that more people are utilizing our technology. It makes shareholders happy.

We have a relationship with the ASX. We've talked to the ASX. We have made it clear to the ASX how we do business. Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation.

And it is an active discussion at the board in terms of how we can fulfill non price sensitive announcements. That message has been heard. Look, I'll fall on the sword, right? Given the history of the company, I have swung whoops, apologies, I have swung the pendulum the other way in terms of being conservative, right? I don't want to get the company into trouble. I'm being too conservative.

I'll take the heat. Please shoot all arrows at me. Not my fellow board members, not Sean, that is Antonio. I'm too conservative, right?

I'm gonna fix that. I will fix that.

---------------------------------------------

It's amazing that any shareholder would try and excuse or justify Antonio's (and the company's) behaviour that is hurting the company and the share price.

Nice post, and yes "Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company." that's 100% my opinion, which is what this forum is all about, opinions and facts.

This quote that you posted really sums it up in my opinion:

We have a relationship with the ASX. We've talked to the ASX. We have made it clear to the ASX how we do business. Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation.

"We deem is truly material"....and that appears to be the real stumbling block, our company just can't make up earnings figures, it's such an immature business model (the edge AI market) it would currently be, pure guesswork, that's how a one-eyed believer views
the situation.

I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not.

Anyway, I'll finish there.........cheers Tech.

 

[7für7]

Nice post, and yes "Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company." that's 100% my opinion, which is what this forum is all about, opinions and facts.

This quote that you posted really sums it up in my opinion:

We have a relationship with the ASX. We've talked to the ASX. We have made it clear to the ASX how we do business. Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation.

"We deem is truly material"....and that appears to be the real stumbling block, our company just can't make up earnings figures, it's such an immature business model (the edge AI market) it would currently be, pure guesswork, that's how a one-eyed believer views
the situation.

I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not.

Anyway, I'll finish there.........cheers Tech.

“I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not.”

There will always be people who jump in at the all-time high…and if it drops just 10 cents, the same conversations start again.
Same with short-term thinking… you’ll find that attitude everywhere.
In fact, it’s the same with Tesla, Mercedes, Amazon… there’s always someone complaining, no matter how good the fundamentals are.


But some people .. like me
even I am an Professor Emeritus of Emotional Stability & Certified HODL Philosopher
… just want to let off some steam sometimes.
We had expectations, and the price is simply what it is right now. It’s frustrating.

I think it’s important to distinguish:

Is the criticism just coming from human weakness, from someone who’s been waiting and just wants to finally be rewarded?
Or is it malicious, just trying to stir up negativity because they have nothing better to do?
Just my opinion.

 

[Rskiff]

Nice post, and yes "Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company." that's 100% my opinion, which is what this forum is all about, opinions and facts.

This quote that you posted really sums it up in my opinion:

We have a relationship with the ASX. We've talked to the ASX. We have made it clear to the ASX how we do business. Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation.

"We deem is truly material"....and that appears to be the real stumbling block, our company just can't make up earnings figures, it's such an immature business model (the edge AI market) it would currently be, pure guesswork, that's how a one-eyed believer views
the situation.

I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not.

Anyway, I'll finish there.........cheers Tech.

"I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not."

I think that if the share price was $1.50 again, then there would have been news issued in some form. imo

 

[7für7]

I asked ChatGPT to run a deep research analysis of Akida.

Nothing radically new for those who’ve been following closely, but the tone is different. Less “next week to the moon,” and more “this is the groundwork of something long-term.”

Summary:
A close look at the technical features and partnerships surrounding BrainChip’s Akida chip reveals a consistent and compelling picture: Akida is more than just an Edge-AI accelerator. Through patented architectural innovations—such as on-chip learning SNNs, STDP mechanisms, and Temporal Event-Based Neural Networks (TENN)—it offers capabilities that conventional AI chips currently do not. These technologies are attracting serious attention within academic and industrial research communities.

At the same time, BrainChip is strategically positioning itself through targeted collaborations across key future markets. From energy-constrained vehicles and space systems to military-grade sensing and smart industrial automation—Akida is being deployed where traditional AI hits limitations. Its neuromorphic design aims to bring brain-like efficiency and autonomy directly to the edge.

These strategic alliances—from Mercedes-Benz to NASA to Renesas—suggest that BrainChip is actively building the foundation to become a pioneering force in the next era of AI silicon: where intelligence is local, adaptive, and sustainable.

Sources:
All the above insights are drawn from primary technical sources, including peer-reviewed papers, patent filings, official press releases by BrainChip and its partners, and specialist electronics publications. These materials confirm the technical claims and strategic initiatives mentioned here.

 

[Bravo]

"I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not."

I think that if the share price was $1.50 again, then there would have been news issued in some form. imo

Hi @Rskiff, like you, some would argue, quite reasonably, that our current share price is not just an unfortunate anomaly. Rather, that the reason it's sitting nowhere near $1.50 is a direct byproduct of the company’s persistent lack of material announcements. And therein lies the core issue IMO.

In a market driven by clarity and forward-looking signals, prolonged silence from a company - especially one working on cutting-edge technology like ours, breeds uncertainty, which fosters hesitation among potential investors and angst among existing shareholders.

I genuinely believe our product is world-class, and some of our partnerships appear to be extremely promising. The potential here is enormous. But if that promise isn’t regularly and confidently reinforced through formal communication, the market tends to assume the worst - or at best, assumes nothing is happening at all.

Without regular validation through updates, even non-price-sensitive announcements - the story simply fades away, along with the share price.

Some may not agree with my view on this, and that’s perfectly fine. We’re all entitled to our opinions. Ideally, we should be mature enough to hear differing perspectives respectfully and with an open mind.

I note @jrp173's earlier post regarding the AGM, where Antonio reportedly said, “It is an active discussion at the board in terms of how we can fulfil non price sensitive announcements.”

And @Diogenese, whose contributions I always respect, mentioned earlier that “the company has taken advice and undertaken consultation on the subject.”

Hopefully these matters are being discussed in depth and that the right advice is being sought to bridge the communication gap, for the benefit of all shareholders.

 

[7für7]

Hi @Rskiff, like you, some would argue, quite reasonably, that our current share price is not just an unfortunate anomaly. Rather, that the reason it's sitting nowhere near $1.50 is it’s a direct byproduct of the company’s persistent lack of material announcements. And therein lies the core issue IMO.

In a market driven by clarity and forward-looking signals, prolonged silence from a company - especially one working on cutting-edge technology like ours, breeds uncertainty, which fosters hesitation among potential investors and angst among existing shareholders.

I genuinely believe our product is world-class, and some of our partnerships appear to be extremely promising. The potential here is enormous. But if that promise isn’t regularly and confidently reinforced through formal communication, the market tends to assume the worst - or at best, assumes nothing is happening at all.

Without regular validation through updates, even non-price-sensitive announcements - the story simply fades away, along with the share price.

Some may not agree with my view on this, and that’s perfectly fine. We’re all entitled to our opinions. Ideally, we should be mature enough to hear differing perspectives respectfully and with an open mind.

I note @jrp173's earlier post regarding the AGM, where Antonio reportedly said, “It is an active discussion at the board in terms of how we can fulfil non price sensitive announcements.”

And @Diogenese, whose contributions I always respect, mentioned earlier that “the company has taken advice and undertaken consultation on the subject.”

Hopefully these matters are being discussed in depth and that the right advice is being sought to bridge the communication gap, for the benefit of all shareholders.

 

[jrp173]

Nice post, and yes "Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company." that's 100% my opinion, which is what this forum is all about, opinions and facts.

This quote that you posted really sums it up in my opinion:

We have a relationship with the ASX. We've talked to the ASX. We have made it clear to the ASX how we do business. Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation.

"We deem is truly material"....and that appears to be the real stumbling block, our company just can't make up earnings figures, it's such an immature business model (the edge AI market) it would currently be, pure guesswork, that's how a one-eyed believer views
the situation.

I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not.

Anyway, I'll finish there.........cheers Tech.

I'm sorry but the excuses from BrainChip as to why they don't make ASX announcements just doesn't cut it any more. Here's another example of a company who can make price sensitive announcements with caveats.

This is just an example, but if people do some digging you will find many other examples where other companies can and DO make ASX price sensitive and non price sensitive announcements without hiding behind the nonsense that we are fed by BrainChip.

Not that hard if you have the balls, and if BrainChip truly believe that all of these partnership and collaborations will actually lead to deals!

 

[Esq.111]

Hi @Rskiff, like you, some would argue, quite reasonably, that our current share price is not just an unfortunate anomaly. Rather, that the reason it's sitting nowhere near $1.50 is a direct byproduct of the company’s persistent lack of material announcements. And therein lies the core issue IMO.

In a market driven by clarity and forward-looking signals, prolonged silence from a company - especially one working on cutting-edge technology like ours, breeds uncertainty, which fosters hesitation among potential investors and angst among existing shareholders.

I genuinely believe our product is world-class, and some of our partnerships appear to be extremely promising. The potential here is enormous. But if that promise isn’t regularly and confidently reinforced through formal communication, the market tends to assume the worst - or at best, assumes nothing is happening at all.

Without regular validation through updates, even non-price-sensitive announcements - the story simply fades away, along with the share price.

Some may not agree with my view on this, and that’s perfectly fine. We’re all entitled to our opinions. Ideally, we should be mature enough to hear differing perspectives respectfully and with an open mind.

I note @jrp173's earlier post regarding the AGM, where Antonio reportedly said, “It is an active discussion at the board in terms of how we can fulfil non price sensitive announcements.”

And @Diogenese, whose contributions I always respect, mentioned earlier that “the company has taken advice and undertaken consultation on the subject.”

Hopefully these matters are being discussed in depth and that the right advice is being sought to bridge the communication gap, for the benefit of all shareholders.

Afternoon Bravo ,

110% Agreeance.

Regards,
Esq.

 

[Getupthere]

“I realize that many are getting rather pissed off with our company for a variety of reasons, I just wonder if the share price was hanging around the $1.50 mark and we still weren't receiving the level of communication or ASX announcements, price sensitive or not, would the attitude of a large number of shareholders still be the same?? I think not.”

There will always be people who jump in at the all-time high…and if it drops just 10 cents, the same conversations start again.
Same with short-term thinking… you’ll find that attitude everywhere.
In fact, it’s the same with Tesla, Mercedes, Amazon… there’s always someone complaining, no matter how good the fundamentals are.


But some people .. like me
even I am an Professor Emeritus of Emotional Stability & Certified HODL Philosopher
… just want to let off some steam sometimes.
We had expectations, and the price is simply what it is right now. It’s frustrating.

I think it’s important to distinguish:

Is the criticism just coming from human weakness, from someone who’s been waiting and just wants to finally be rewarded?
Or is it malicious, just trying to stir up negativity because they have nothing better to do?
Just my opinion.

I don’t think you understand. It’s not about the share price being at 20 cents or $1.50.
It’s about progress.
Akida 1 was released in 2020, and Akida 2 has been out for over two years. It’s time for Brn to either manage to deliver results or step aside.
In my opinion, if Sean and Antonio can’t get results by the end of the year, they can get their last lot of allocated shares and move on.

 

[manny100]

Yole Group - Follow the latest trend news in the Semiconductor Industry

Yole Group - Access daily business, market & technology updates in the semiconductor industry, our Analysts' Analysis and Presentations and more

www.yolegroup.com

See link, click on description and you will see the Market $ estimates that was used as the source for slide 6 of the 2025 Brainchip presentation.

"Neuromorphic market is taking off from smartphone to expand with opportunities in datacenter, entertainment, and automotive to $8.4B by 2034."​

"Neuromorphic sensing and computing are poised for significant growth. In 2029, the neuromorphic sensing market could reach $410M and $2.9B by 2034, while the neuromorphic computing market is expected to grow to $412M by 2029 and $5.4B by 2034. For neuromorphic sensing, mobile applications will lead in 2034, followed by entertainment, smart city, automotive, and home applications. For neuromorphic computing, however, data center applications are expected to be the biggest revenue generator in 2034, followed by automotive, entertainment, smart city, and mobile. The embedded emerging NVM market for near- and in-memory computing is expected to remain limited until at least 2029. Near-memory computing approaches – mainly implemented with MRAM – will lead the short-term growth, while analog IMC and other RRAM/PCM-based IMC approaches will ramp up in the following years (>2027)."

 

[Rach2512]

Autonomes Fahren - quo vadis? | Alexander Bloch

Autonomes Fahren - quo vadis? Ich kopiere mich hierzu mal selbst: Fast exakt vor einem Jahr hab ich bei LinkedIn einen Bericht über die damals 37. Fachtagung des VDI e.V. und VDI Wissensforum GmbH zu autonomen Fahrsystemen geschrieben. Auch im Lichte der neuesten Ereignisse und vor allem nach...

www.linkedin.com

Can someone translate please?

 

[Guzzi62]

Autonomes Fahren - quo vadis? | Alexander Bloch

Autonomes Fahren - quo vadis? Ich kopiere mich hierzu mal selbst: Fast exakt vor einem Jahr hab ich bei LinkedIn einen Bericht über die damals 37. Fachtagung des VDI e.V. und VDI Wissensforum GmbH zu autonomen Fahrsystemen geschrieben. Auch im Lichte der neuesten Ereignisse und vor allem nach...

www.linkedin.com

Can someone translate please?

View attachment 88113

Not sure how accurate the translation is, it's AI generated for crying out loud, LOL.

Autonomous driving - quo vadis?
I'll copy myself: Almost exactly a year ago, I wrote a report on LinkedIn about the then 37th symposium of the VDI e.V. and VDI Wissensforum GmbH on autonomous driving systems. Even in the light of the latest events and especially after half a dozen further tests that I have carried out since then (coming soon on VOX auto mobil), the five main points I mentioned at that time remain up-to-date with small additions.

1. Fully autonomous driving (Level 4) of a production car is still a long way off. None of the numerous experts wanted to estimate a year. Especially if you define it via the "Safety of the intended functionality" (SOTIF) with humans as an error rate reference. Fully autonomous driving systems should not have an accident rate higher than that of humans - ideally much lower. According to Professor Mirko Maehlisch, we are still a long way from this with a clean analysis and, above all, individual test drives are not meaningful.

2. The use of artificial intelligence has significantly reduced the error rate in the test vehicles. But it is not the game changer on its own. According to AI specialist Andreas Kuhn, the situation in real traffic is not to be assessed strictly according to engineering aspects, but here decisions must be made to a large extent according to game theory principles and thus also (error) probabilities.

3. When it comes to sensor technology, the vast majority of experts agree that a monosensory solution is not error-resistant enough for autonomous driving for redundancy reasons alone. Especially if it is to work without any problems even in difficult environmental conditions. I can only support this from my tester experience.

4. The classic car manufacturers in particular - the old economy - must completely rethink their development if they want to keep up with the new economy, for example from California, which is completely different in terms of software. If structures established over decades can only be changed rather sedately in development, it may make sense to start completely anew elsewhere - see joint venture VW and Rivian.

5. There is a discrepancy between the public expectation of autonomous driving, which is strongly influenced by personal brand preferences, wishes and marketing, and what will come in the foreseeable future. Even as a car tester, I am often surprised by effusive testimonials about certain systems that do not agree with my personal tests at all.

As a little treat, a cell phone video of our last emergency brake assistant test: We are sitting in a Model 3, waiting for the next take and two cameramen are standing around it. Nothing else happens. This is what image recognition makes of it.

PS: Subtitles are AI generated

 

[Guzzi62]

I don’t think you understand. It’s not about the share price being at 20 cents or $1.50.
It’s about progress.
Akida 1 was released in 2020, and Akida 2 has been out for over two years. It’s time for Brn to either manage to deliver results or step aside.
In my opinion, if Sean and Antonio can’t get results by the end of the year, they can get their last lot of allocated shares and move on.

Agreed that they have to deliver something sustainable this year, or Sean's 5-year plan starts looking like a failure.

But, getting a start-up off the ground isn't that easy, it takes time, as I outlined in a post yesterday.

What is it everyone is talking about, announcements on the ATX? Isn't that only when money is involved? Not when a new partner coming in?

I don't know if the AGM has damaged IR with the company, likely, shareholders are clearly getting tired of waiting, we thought 2024 was our year, but no it wasn't, the SP is suffering because of it.

The company overpromised, no doubt, and they should shoulder that, but they didn't.

If there is no progress before the next AGM, they better bring the US Marines or!!!

I still think Sean is the right guy as CEO all things considered, but his time is running out and so is my patience.

 

[7für7]

Autonomes Fahren - quo vadis? | Alexander Bloch

Autonomes Fahren - quo vadis? Ich kopiere mich hierzu mal selbst: Fast exakt vor einem Jahr hab ich bei LinkedIn einen Bericht über die damals 37. Fachtagung des VDI e.V. und VDI Wissensforum GmbH zu autonomen Fahrsystemen geschrieben. Auch im Lichte der neuesten Ereignisse und vor allem nach...

www.linkedin.com

Can someone translate please?

View attachment 88113

I think you forgot you’re in an Australian forum maybe you translate it in near future?

 

[manualsilva881]

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[Jacob Kiraz]

Agreed that they have to deliver something sustainable this year, or Sean's 5-year plan starts looking like a failure.

But, getting a start-up off the ground isn't that easy, it takes time, as I outlined in a post yesterday.

What is it everyone is talking about, announcements on the ATX? Isn't that only when money is involved? Not when a new partner coming in?

I don't know if the AGM has damaged IR with the company, likely, shareholders are clearly getting tired of waiting, we thought 2024 was our year, but no it wasn't, the SP is suffering because of it.

The company overpromised, no doubt, and they should shoulder that, but they didn't.

If there is no progress before the next AGM, they better bring the US Marines or!!!

I still think Sean is the right guy as CEO all things considered, but his time is running out and so is my patience.

We won't have a AGM In 26, we won't be on the ASX

 

[manny100]

I don’t think you understand. It’s not about the share price being at 20 cents or $1.50.
It’s about progress.
Akida 1 was released in 2020, and Akida 2 has been out for over two years. It’s time for Brn to either manage to deliver results or step aside.
In my opinion, if Sean and Antonio can’t get results by the end of the year, they can get their last lot of allocated shares and move on.

The AKIDA1000 we are now fully commercial announcement was made to the ASX on 17th Jan 2022. Three and a half years ago.

 

[7für7]

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View attachment 88119

Hmm nice it looks different than the usual scam… the wording is professional and the image is high quality… looks trustworthy… you know what?? Fu.. I give it a try! Do you have a bank account and your pin? I would like to transfer some money

 

[Guzzi62]

We won't have a AGM In 26, we won't be on the ASX

And you know this how?

Do you have insider knowledge?

I am all in for a move, but only without any reverse splits, so that means a much higher SP than currently.

There have to some really juicy IP deals to achieve that, but it's unlikely IMO.