I could not stand the suspense so I took off my shoes and socks and guessed a bit but 4. a,b & c add up to approximately $10 million and I multiplied that by two in my head so cannot show the working but it came to $20 million. To check my workings I went to the last Annual Report produced below showing in bold the total then was $21,234,175 which included all those extra expenses with Socionext and TSMC to make that little plastic & metal thing that everyone is so obsessed with here. Of course Brainchip has cut out this expense going forward as they are now IP only.
From the Annual Report:
REVIEW OF OPERATIONS
The financial results of the Group are presented in US dollars, unless otherwise referenced. Although the pandemic remains an ongoing global challenge, there has been minimal impact on our business other than certain restrictions when meeting and engaging with our customers face-to-face, and the supply of certain core components used in the construction of development kits.
Overview
The Group made a net loss after income tax for the year ended 31 December 2021 of $20,981,309 (2020: $26,822,049). The current year loss included non-cash losses of $1,375,950 resulting from the fair valuation of the LDA financial liabilities (derivatives) recognised due to the agreed pricing mechanism and the put option premium. Revenues for the year ended 31 December 2021 of $1,588,483 increased 1,215% from $120,829 in 2020. The Company executed a license contract in December 2021 as well as multiple Early Access Programme (“EAP”) product sales and engineering support services agreements during the year. Directors’ Report BrainChip Holdings Ltd 2021 Annual Report
5 REVIEW OF OPERATIONS (Continued)
Total operating expenses for the year ended 31 December 2021 of $21,234,175 increased 89% from $11,242,032 incurred in the year ended 31 December 2020.
This increase was attributable to:
1) Research & development (R&D) expenses of $9,133,213 for the current period increased 77%, or $3,980,974 from a year ago. R&D costs comprise employee expense, contractor and other research and development costs, and amortisation of capitalised R&D intangible assets. Movements in R&D costs are summarised as follows: a) 41% increase in employee expenses reflecting the expansion of headcount into both Australia (2 additional) and India (5 additional) plus merit increases to staff who supported the achievements of the Company throughout 2020 and 2021, offset by increased credits received or receivable from government authorities; and b) recognition of $4,067,000 of third-party pre-development services being the final progressive payments to Socionext related to the fabrication of the AkidaTM device (2020: $1,050,000);
2) Selling & marketing (S&M) expenses of $2,486,927 for the current period increased 74%, or $1,060,426 from a year ago. The increase reflects management’s focus on the promotion and marketing of product, and the targeting of potential customers through the engagement of external marketing consultants and expansion of the S&M headcount;
3) General & administrative (G&A) expenses of $5,251,834 for the current period increased 63% overall, or $2,024,187 from the same period a year ago as a result of: a) the appointment of a new CEO in November 2021 as well as the termination expense of the previous CEO effective from March 2021, plus additional headcount in the administrative team; b) an increase in directors fee expense as a result of a full year of fees in 2021 with an additional board member appointed; c) increased legal and professional costs supporting employment and selling functions, and d) increased listing related expenses as a result of increased shareholder activities during the current year; and
4) Share-based payment expense of $4,362,201 for the current period increased 204%, or $2,926,556 from the same period a year ago. Share-based payments expense is non-cash in nature, and represents the current period vesting expense for options, restricted stock units and performance rights issued to directors, employees and consultants, offset by the value of options that have been forfeited during the year.
From the recent Half Yearly Report
7. LOSS PER SHARE 30 June 2022 30 June 2021 US$ US$ Net loss attributable to ordinary shareholders for basic and diluted earnings per share (8,255,802) (9,298,244) US cents per share US cents per share Basic and diluted loss per share (0.46) [2022 ~v~ 2021] (0.55)
It is also interesting that the attributed net loss per share fell to 46 cents over the last half yearly report when it was 55 cents per share.
My opinion only DYOR
FF
AKIDA BALLISTA
Bravo - I shake my head, really I do. Must run off and tell my grandkids.....lolKock Knock
Who's there?
A little old lady
A little old lady who?
I had no idea you could yodel
View attachment 15074
I like that phrase doin a merc. very catchy! So it can "do a Merc" all the way to $5 on the next oneHi All,
The following is my personal opinion only.
Regarding the aggregate short of close to 90 Million shares of BRN.
As being mention, that would require around 7days of buying to cover. Imagine what price they will have to pay.
So,I believe the plans for the short attack is to drive the SP down and reducing the market capital of Brainchip, to force Brianchip out of the ASX 200. What happen when Brainchip is force out of the ASX 200 = Index funds will be selling BRN at the rebalance = Short cover without driving the SP up.
As of today Brainchip is Rank
229 BRN Brainchip Holdings Ltd $0.945 Information Technology $1.62 B
From what we know, Brainchip is in a strong financial position and growing. From yesterday Half Year Financial Report shown $ 4.8 Million in Revenue. The short can just lose hope for Brainchip do any capital rise.
All that could be changes and trap the shorts. If general market environment are better, Brainchip have a substantial material announcement or one of our EAP "do a Merc", how fun would that be.
Anyway that's just me thinking out loud.
Learning.
Nice to see you back Buddy..........Evening Chippers,
Had a quick conversation with Boardroom Pty Ltd today ,
Total Shareholders on 23/6/2022,
47,145 holders.
Total Shareholders today 26/8/2022,
46,887 holders.
= 258 less holders on the registry.
Purely contacted Boardroom to locate my position in the jungle, so before anyone asks , these two points of interest were all I received.
Needless to say eight new people / entitys now have a larger holding than myself which is great news .
Existing / new holders have been accumulating.
Great research all, always top shelf.
Regards,
Esq.
Hi Perhaps,Have a look at the new Fujifilm flagship and its new subject recognition and following AF deep learning abilities. Of course in offline mode. Sounds like one shot learning, could this be the missing link to MegaChips? As it is known that MegaChips does product development for one of the big Japanese cameramakers, I'm waiting for something like this for a while.
Fujifilm X-H2S review
The Fujifilm X-H2S is the company's most ambitious APS-C camera, using a 26MP Stacked CMOS sensor to deliver the fastest shooting, best autofocus and most extensive video specs of any X-series camera yet. We tell you what you need to know in our full review.www.dpreview.com
This review is in German only, sorry. Here's the part in English which takes attention:
But what's really new about autofocus is precise object-oriented scene recognition. The algorithm was developed using deep learning technology and recognizes and tracks faces and eyes, but also animals, birds, cars, motorcycles and other subjects such as ships. We tested this in portrait shooting and with city pigeons - both worked perfectly. The camera recognized and tracked the subjects unerringly and without difficulty.
We couldn't fully test them all but while animal and bird recognition modes could work very well, they seemed to need the subject to be at a specific angle to the camera, eg: perfectly side-on or facing the camera. If the subject was looking or moving away from you, the camera would often lose it.
Hey @Perhaps, very impressive piece of camera tech, Can't wait to purchase one. I hope your right, that Akida is impregnated in the architecture of this beast, but even if its not, its just fantastic how tech is evolving exponentially. Makes me really wonder what is capable in our BRN ecosystem of collaborators, and what extraordinary enterprises they are really up to?Have a look at the new Fujifilm flagship and its new subject recognition and following AF deep learning abilities. Of course in offline mode. Sounds like one shot learning, could this be the missing link to MegaChips? As it is known that MegaChips does product development for one of the big Japanese cameramakers, I'm waiting for something like this for a while.
Fujifilm X-H2S review
The Fujifilm X-H2S is the company's most ambitious APS-C camera, using a 26MP Stacked CMOS sensor to deliver the fastest shooting, best autofocus and most extensive video specs of any X-series camera yet. We tell you what you need to know in our full review.www.dpreview.com
I had a little chuckle when I read what I assumed was a typo in “China Flash Memory Market Summit”. Or at least I hope it is a typo. Wouldn’t it be CFMMS rather than CFMS if that wording was correct? They seem to use both wordings (with and without the word memory) in their website.Arm is about to make its debut at CFMS2022 to discuss the cornerstones of future cloud edge digital storage and computing innovations!
On September 20, 2022, China Flash Memory Market Summit (CFMS2022) will be held at InterContinental Shenzhen OCT Samsung, Kioxia, Micron, YMTC, Solidigm, Arm, Intel, Huirong Technology, Phison, Lianyun Technology, Jiangbo Dragon Electronics, Innodisk International, Memblaze and many other large companies have communicated extensively with you on the ground and directly attacked storage technology innovation and application development.
In addition to bringing together the upstream and downstream core companies in the storage industry chain, another highlight of this summit is the architecture technology that is defining the future of computing - Arm will also be attending. Arm's high-performance, low-power processor designs and software platforms are used in advanced computing on more than 230 billion chips, and its technology safely powers electronic devices from sensors to smartphones to supercomputing, laying the foundation for trust in the digital world of chips to the cloud in the field of cybersecurity, including the provision of technology for storing and processing the huge amounts of data generated for this purpose, stimulates innovation.
In terms of digital storage, Arm has always been committed to promoting the cutting-edge development of the storage industry, including improving performance, responsiveness, energy efficiency and security.
At CFMS2022, Arm will deliver a keynote titled "Arm: The Cornerstone of Future Cloud-Edge Digital Storage and Computing Innovation" where he will share his views and insights on industry trends, including how new technologies will transform the existing layout , and the capabilities of
Arm will partner to provide the best storage and storage solutions for computing.
View attachment 15109
Registration for China Flash Market Summit CFMS2022 has been opened, and you can register for the conference through the summit official website (https://cfms.chinaflashmarket.com/) or "Flash Market" APP.
I completely agree @Fullmoonfever—AI, the edge, and even neuromorphic computing proliferate all those trends.Article on Top 10 Tech Trends by McKinsey & Co late June reprinted on the World Economic Forum site.
Won't dump all in the post but worth a look.
Personally think Akida has potential for direct impact into the top 8 and supporting impacts to 9 & 10.
Bodes very well imo.
Here are the top 10 trends in tech
These 10 tech developments are attracting the most venture capital and producing the most patent filings. They include AI algorithms that train machines.www.weforum.org
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@SlymeatI completely agree @Fullmoonfever—AI, the edge, and even neuromorphic computing proliferate all those trends.
And I learnt a new concept “QuantumAI“. That sounds real interesting. Yay I have a new concept to understand and in which to look for companies doing bleeding edge research. I expect Archer Materials may be one such company; the CEO Mohammad Choucair is a very clever fella, and runs a highly progressive company. Not to mention they already have a quantum chip!
It’s a pity that a trading scam using the name already exists.
I do like QuAIL though—Quantum Artificial Intelligence Lab—and the idea of using quantum computing to assist machine learning. I expect that might be the extent of it.
Will there ever be a CNN or even a SNN of quantum processors. In a way, that is sort-of how quantum computing works—every conceivable answer to a problem is computed in parallel and then a voting or weighting system declares the most appropriate answer. You are not guaranteed to get the same answer each time, but the answer you do get will still be correct!
And we all thought WANCAs were having a hard time understanding Akida.
Furthermore, while watching the dpreview on youtube, the part of 'touch tracking' on 9:12 made me curious:Have a look at the new Fujifilm flagship and its new subject recognition and tracking AF deep learning abilities. Of course in offline mode. Sounds like one shot learning, could this be the missing link to MegaChips? As it is known that MegaChips does product development for one of the big Japanese cameramakers, it's not too far away.
Fujifilm X-H2S review
The Fujifilm X-H2S is the company's most ambitious APS-C camera, using a 26MP Stacked CMOS sensor to deliver the fastest shooting, best autofocus and most extensive video specs of any X-series camera yet. We tell you what you need to know in our full review.www.dpreview.com
This review is in German only, sorry. Here's the part in English which takes attention:
But what's really new about autofocus is precise object-oriented scene recognition. The algorithm was developed using deep learning technology and recognizes and tracks faces and eyes, but also animals, birds, cars, motorcycles and other subjects such as ships. We tested this in portrait shooting and with city pigeons - both worked perfectly. The camera recognized and tracked the subjects unerringly and without difficulty.
Just to complete it, the manual of the camera: