BRN Discussion Ongoing

[buena suerte :-)]

If this closes red I’m going to be fucking livid.

I think a bit of profit taking at the mo .... hopefully another run up soon

 

[Filobeddo]

Who is this Sladius dude? He-he-he!


View attachment 12656

Very incognito

Closet gladiator?? How about something more masculine like Biggus Dickus

 

[VictorG]

I think a bit of profit taking at the mo .... hopefully another run up soon

Spot on.

 

[Makeme 2020]

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Home | ASX Market Updates | BrainChip (ASX:RBN) Shares Rise on June Quarter Update

BrainChip (ASX:RBN) Shares Rise on June Quarter Update​

By Kiryll Prakapenka, 27/07/2022
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Developer of neuromorphic processing AI technology BrainChip Holdings [ASX:BRN] was up on Wednesday after releasing June quarter results.
The company ended the June quarter with US$28.4 million in cash.
Receipts from customers totalled US$1.2 million on R&D spend of US$1.7 million.
The AI tech stock is up 80% year-to-date, and up 155% over the past 12 months:

www.TradingView.com

BrainChip’s June quarter​

Reporting from Sydney on Wednesday morning, BrainChip released its quarterly activities report for the quarter ending 30 June 2022.
The company burned through cash during the June quarter, ending the period with a negative operating cash outflow of US$2.9 million.
For the six months to June 2022, BRN’s operating cash outflows totalled US$7.9 million.
During the six months ending June 2022, BrainChip spent US$3.8 million on research and development.
BRN’s CEO Sean Hehir released the following statement:

‘The recently ended Quarter amplified the execution of the Company’s commercialisation for our AkidaTM neuromorphic IP. During the June quarter, BrainChip introduced a complete company rebrand, reinforcing Essential AI: Optimizing compute. We continued to engage in meaningful technical evaluations with multiple target customers, and we announced key commercial partnerships with strategic technology (Arm, SiFive & Prophesee) and AI software leaders (Edge Impulse & NVISO), demonstrating pre-integration and interoperability.
‘During the June Quarter BrainChip was added to the S&P ASX200 Index, a major global index. This is a significant event, as it recognises the Company’s strong growth over the previous 12 months and raises the Company’s profile with institutional investors around the world.
‘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.’

BRN’s tech stance and the future energy boom​

Brainchip is seeking to pioneer new AI technology with its focus on neuromorphic processing.
However, as Chairman Antonio Viana said in BRN’s May AGM, being a pioneer does not necessarily guarantee success.
Commercial execution is just as important as scientific execution.
Time will tell whether BrainChip is able to translate its tech into sustainable cash flow.
The company is trading on a trailing 12-month price-to-sales ratio of more than 500 — that’s plenty of high expectations baked into the stock.
Now, while the neuromorphic AI tech BrainChip is developing may be a few years away from the mainstream, what is mainstream right now is the global pivot to EVs.
The EV revolution is set to change the way we travel all over the world.
And while in 2021, eight of the top 10 best-performing stocks in Australia may have been lithium stocks, our experts believe there’s a smarter way to play the rise of lithium in 2022.
It involves what you might call lithium’s ‘little brother’.

 

[Fullmoonfever]

I not often, but sometimes ponder the life of a shorter.

So you borrow some shares you don't own from some Fundie / Insto who has way more shares and buying power in reserve at all times.

They're there to make $ so hey they'll lend you some shares, charge you interest, put a margin on it and you take the punt SP goes down.

Little do you know they may decide, hey, why don't we buy some more shares on market, you know, push the SP up a little then let retail, fomo, good news etc kick in to help and guess what...those that lent you the shares are making $ with the SP rise and also burning shorters themselves who make less than they thought or end up in the red...wonder if it happens

 

[TECH]

Yep the Top 20 is important to the average punter

& you did ask

PS. Get a move on Tony please, we're waiting

Yes I did ask...and that's your opinion, just that, an opinion, my opinion is that it's only important if you believe it is or that you have
enough fire power to make a difference in that belief...

I will make one other comment, I am sure that it was documented a year or two ago that, the Top 20 would be attached to every quarterly report from that point on, though I can't be bothered searching for it....Tony does a fantastic job, he's following the directions of the CEO and Board, so
the document will be delivered between now and 2024

 

[MDhere]

ok lets just say im a tad excited and drawimg my next $2 tatt on myself in preparation of the orange kite!!!

 

[alwaysgreen]

ok lets just say im a tad excited and drawimg my next $2 tatt in myself in preparation on the orange kite!!! View attachment 12660

Is it on your ARM?

 

[Xhosa12345]

im amazed at the buying... i assume most of us her are maxxed out and have been for some time.... but gee the volume is crazy

 

[Makeme 2020]

im amazed at the buying... i assume most of us her are maxxed out and have been for some time.... but gee the volume is crazy

Nice.............

 

[Boab]

We continued to engage in meaningful technical evaluations with multiple target customers, and we announced key commercial partnerships with strategic technology (Arm, SiFive & Prophesee) and AI software leaders (Edge Impulse & NVISO), demonstrating pre-integration and interoperability.

The above clip from the Activity statement is such a big thing to see those companies in black and white on an ASX statement.
To my recollection none of them were ever listed as a previous announcement? Not 100% sure about Edge Impulse.
I know this has already been discussed but I am still like Big Kev.
Buckle up everyone. Yea Ha.

 

[Newk R]

Ahhh 'the dark side I sense in you'

Couldnt help myself

Join me shorters and your failure will be complete.

 

[Makeme 2020]

New video from Mercedes on the EQXX.

 

[MDhere]

New video from Mercedes on the EQXX.

i can believe we have the privilege of being in this vehicle!! as he said "THE MOST EFFICIENT"

 

[Makeme 2020]

i can believe we have the privilege of being in this vehicle!! as he said "THE MOST FFICIENT"

Also Mercedes have added solar panels to the roof of the EQXX for extra battery charge..

 

[mrgds]

Thank you for your email.



Please do not send emails to Sales@brainchip.com again. This email address is not for shareholder communication. It is reserved for sales enquiries only.



The Top 40 shareholder list will be posted on the company website each quarter to coincide with the release of the QAR.



Regards





Tony Dawe

Investor Relations Manager

This is the reply i recieved today, so, i enquired in the wrong dept, though according to Mr Tony D , the Top 40 shareholder report
should be on the BRN website accompanying the QAR.

Ive had what i believe is a good look for it, but with no result.

Anyone here know of its excistence/where to look?

Ive also emailed IR@brainchip, no reply as yet.

AKIDA BALLISTA

 

[Xhosa12345]

Thank you for your email.



Please do not send emails to Sales@brainchip.com again. This email address is not for shareholder communication. It is reserved for sales enquiries only.



The Top 40 shareholder list will be posted on the company website each quarter to coincide with the release of the QAR.



Regards





Tony Dawe

Investor Relations Manager

This is the reply i recieved today, so, i enquired in the wrong dept, though according to Mr Tony D , the Top 40 shareholder report
should be on the BRN website accompanying the QAR.

Ive had what i believe is a good look for it, but with no result.

Anyone here know of its excistence/where to look?

AKIDA BALLISTA

i cant find it yet

 

[Diogenese]

I not often, but sometimes ponder the life of a shorter.

So you borrow some shares you don't own from some Fundie / Insto who has way more shares and buying power in reserve at all times.

They're there to make $ so hey they'll lend you some shares, charge you interest, put a margin on it and you take the punt SP goes down.

Little do you know they may decide, hey, why don't we buy some more shares on market, you know, push the SP up a little then let retail, fomo, good news etc kick in to help and guess what...those that lent you the shares are making $ with the SP rise and also burning shorters themselves who make less than they thought or end up in the red...wonder if it happens

Sounds like it would make a good movie.

 

[Diogenese]

Is it on your ARM?

Love a good doodle entendre.

 

[GDJR69]

Relax Yoda, 'Patience you must have'

& cant believe I have to remind YOU of that

That's because he's not THE REAL YODA . . .