BRN Discussion Ongoing

[Galaxycar]

Are management trying to hide something by not releasing the top 20 holders,ask yourself,me think so!

 

[Fastback6666]

What a bloody good solid 4C. Further confirmation of responsible management through an ongoing period of growth and reinforcement that we are on our way!

Agreed, This is a very responsible 4C from Brainchip with very controlled cash usage with plenty of cash left on hand for many many quarters. We also have some more revenue which is nice and now fun to speculate on.

Looking forward to some big news drops in the next six month where the bigger revenue will flow from.

 

[Filobeddo]

I know but you know what's better is the fact that they are getting revenue for the second generation Akida to be out soon that's what's exciting. So we should be getting news on that when it's finally ready and out.

@Kachoo I’d love it if it were the case, but where does it say we’re getting revenue from second generation Akida?

 

[Kachoo]

@Kachoo I’d love it if it were the case, but where does it say we’re getting revenue from second generation Akida?

Read the release slowly and carefully the 0.77 million section

 

[Rskiff]

FINANCIAL UPDATE
The Company ended the June Quarter with US$28.4M in cash compared to US$31.2M in the prior quarter.
BrainChip reported net operating cash outflows of US$2.8M vs.US$5.0M in Q1-22. Receipts from customers for the quarter were US$1.2M, an increase of US$1M in Q1-22.

I know this is irrelevant but with the burn rate being slightly less than $3m for the quarter, then the company has enough money going forward for 2.5 years. No capital raising talk now from trolls thank you.

 

[Fredsnugget]

Silly question, but are we in a trading halt? Having trouble on the NAB platform with any stocks, seeing where it is shown as trading halt.
I know atm its not open for trade but the estimated open and depth of buy/sell has not budged since announcement, which normally happens with a halt. If anyone is using NAB( not the app) and know where it is shown I would appreciate any help.

 

[SebThatGermanChap]

@Kachoo I’d love it if it were the case, but where does it say we’re getting revenue from second generation Akida?

It's on page 2 of the 4C Edit: Actually, rereading that, did BRN incur costs of 0.77m? So development costs of next gen Akida?

 

[mrgds]

@Kachoo I’d love it if it were the case, but where does it say we’re getting revenue from second generation Akida?

BRN incurred $0.77million in third party licenses and hardware related to the development of next generation Akida enginerring samples.
" Simples"

 

[Terroni2105]

This is also a very positive comment for the near future "In the coming quarter, the Company will be focused on deepening existing customer relationships and converting technical evaluations."

What does 'converting technical evaluations' mean?

 

[Kachoo]

@Kachoo I’d love it if it were the case, but where does it say we’re getting revenue from second generation Akida?

@Filobeddo sorry mate flat out at work but if you read the release it says related to the next gen Akida orders. I hope I did not miss read that.

 

[buena suerte :-)]

@filob sort mate flat out at work but if you read the release it says related to the next gen Akida orders. I hope I did not miss read that.

BrainChip incurred $0.77M in third party licenses and hardware related to the development of next-generation Akida engineering samples

 

[jla]

Silly question, but are we in a trading halt? Having trouble on the NAB platform with any stocks, seeing where it is shown as trading halt.
I know atm its not open for trade but the estimated open and depth of buy/sell has not budged since announcement, which normally happens with a halt. If anyone is using NAB( not the app) and know where it is shown I would appreciate any help.

It is ok on Westpac, No trading holt.

 

[Yoda]

It's a better 4C than I was expecting and although obviously I"m pleased with the $1.2m revenue what I am actually more pleased about is that the company spent $1.7m on R&D and says:

'In the coming quarter, the Company will be focused on deepening existing customer relationships and converting technical evaluations. In addition, the Company continues to invest in development of next-generation Akida IP and products to extend our technological lead.'

 

[Fredsnugget]

It is ok on Westpac, No trading holt.

Cheers

 

[Slade]

Here is BrainChip's modest message to the World:

We have entered partnerships with no other than ARM, SiFive and Prophesee (stick that up your ASX reporting regulations). We have a bucket load of cash and $$$ are starting to flow in from customers. Our customer relationships will continue to strengthen as they bring their products to market. We run a tight ship as we continue to develop our next generation of Akida and products. Watch this space!

 

[wilzy123]

What does 'converting technical evaluations' mean?

It means that some prospects are still evaluating the tech in the context of their own needs/designs... and this comment means "lets get them further along in the purchase cycle - i.e. making them a paying customer".

 

[alwaysgreen]

Lets hope this is the last 4C with revenue less than $4 million.

Next q, $5 mill, December quarter $8 mill, then next year we will have to be in the double digits per quarter.

That's my dream anyway. 2025, triple digit millions of revenue per quarter!

 

[sleepymonk]

Read the release slowly and carefully the 0.77 million section

what is more exciting is " third party licenses", my interpretation is, 1} these fees are not directly from our two lP licencees. 2} licenses

 

[Fullmoonfever]

Incurred.

We spent money on 3d party licencing and hardware in our next Dev. That's all good and part of Dev but.....

I'd like to know who's licence....tailored, requested, hybrid.......hmmm

 

[JK200SX]

What does 'converting technical evaluations' mean?

Going from the concept through to a saleable product with revenue.