BRN Discussion Ongoing

[Mccabe84]

Here we go peeps!!

Tech did mention if it came in the morning it would be good

 

[RobjHunt]

Here we go peeps!!

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.

 

[buena suerte :-)]

ANNOUNCEMENT !!!!!!!!!!!

 

[Izzzzzzzzzzy]

ITS HERE

 

[JK200SX]

500% increase in revenue, woohoo


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.

Payments to suppliers and employees were down quarter-on-quarter, totaling US$4.1M in Q2-22
versus US$5.3M in Q1-22. In the June quarter, BrainChip incurred $0.77M in third party licenses
and hardware related to the development of next-generation Akida engineering samples. The
Company continued to increase marketing and branding expenditures, however incurred lower
administration costs in Q2-22 after the renewal of insurances and higher corporate costs related to
increased shareholder activity in Q1-22.
Cash used for operating activities includes payments to BrainChip’s Board of Directors totaling
US$275,000 as noted in item 6.1 of the accompanying Appendix 4C, comprising fees for Non-
Executive Directors and salaries for Executive Directors.
Cash inflows from financing activities included $0.22M as a result of the exercise of Long-Term
Incentive Plan (“LTIP”) stock options.
BrainChip currently has entities in Perth, Australia; Laguna Hills, California (United States);
Toulouse, France; and Hyderabad, India. The Company continues to maintain strict cost controls,
as well as adhering to travel restrictions and precautionary measures related to the COVID-19
pandemic.
The Company will continue to update the market on material events and maintain monthly
Podcasts designed to inform all constituents of the Company’s progress and industry trends.
This announcement is authorised for release by the BRN Board of Directors.
___________________________________________________________

 

[Kachoo]

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.

Well that's not bad smaller burn rate nice

 

[Cgc516]

We got it this morning!

 

[Potato]

YESSSS.. WE ARE ON LIKE DONKEY KONG THIS MORNING!!!

GET THOSE ROCKETS OUT!!

 

[Xray1]

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 think my maths might be wrong ... BUT..... does this indicate/ equate to a 600% increase in revenue from the last one.

 

[Kachoo]

500% increase in revenue, woohoo


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.

Payments to suppliers and employees were down quarter-on-quarter, totaling US$4.1M in Q2-22
versus US$5.3M in Q1-22. In the June quarter, BrainChip incurred $0.77M in third party licenses
and hardware related to the development of next-generation Akida engineering samples. The
Company continued to increase marketing and branding expenditures, however incurred lower
administration costs in Q2-22 after the renewal of insurances and higher corporate costs related to
increased shareholder activity in Q1-22.
Cash used for operating activities includes payments to BrainChip’s Board of Directors totaling
US$275,000 as noted in item 6.1 of the accompanying Appendix 4C, comprising fees for Non-
Executive Directors and salaries for Executive Directors.
Cash inflows from financing activities included $0.22M as a result of the exercise of Long-Term
Incentive Plan (“LTIP”) stock options.
BrainChip currently has entities in Perth, Australia; Laguna Hills, California (United States);
Toulouse, France; and Hyderabad, India. The Company continues to maintain strict cost controls,
as well as adhering to travel restrictions and precautionary measures related to the COVID-19
pandemic.
The Company will continue to update the market on material events and maintain monthly
Podcasts designed to inform all constituents of the Company’s progress and industry trends.
This announcement is authorised for release by the BRN Board of Directors.
___________________________________________________________

What the bit development of the next gen Akida hardware. Looks like they have orders for Akida 2000 or what ever they call it wow.

 

[Esq.111]

AND THE ACCOMPANYING TOP 20 HOLDERS LIST ???.



Esq.

 

[JK200SX]

I think my maths might be wrong ... BUT..... does this indicate/ equate to a 600% increase in revenue from the last one.

My bad, yest it is a 600% increase!

 

[Iseki]

This the best bit for mine, R&D still pedal to the metal, outgoings to assist EAP's etc

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

Go BRN!

 

[Deleted member 118]

4C just out

 

[SiDEvans]

AND THE ACCOMPANYING TOP 20 HOLDERS LIST ???.



Esq.

Good question Esq

 

[Xray1]

I think my maths might be wrong ... BUT..... does this indicate/ equate to a 600% increase in revenue from the last one.

I would love to know exactly how this receipt of revenue is made up and from whom !!!!!

 

[Potato]

 

[Kachoo]

Good question Esq

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.

 

[Damo4]

Another indications of high level performance I'd say.
Very happy with the 4C and this too.
As always, blessed to hold BRN

 

[TechGirl]

Great last small 4C I think, I'm glad it was over 1 million, can't wait for the next one