BRN Discussion Ongoing

[Bravo]

BrainChip reported net operating cash outflows of US$3.8M vs.US$2.8M in Q2-22. Receipts from customers for the quarter were US$0.1M, a decrease of US$1.1M from Q2-22.

 

[Cardpro]

Wtf is wrong with the cash inflow? Ceo didnt even bother providing explanations even though it was stated in the annual report that the revenue will be collected with 30 - 90 days window? (Which obviously haven't been true)

 

[SERA2g]

I'm for the $2.5M - $4M range.

$2m being made up of the cash collection of the Megachips licensing fee accrued in the 2022 annual report on the assumption Brn's terms are not >90 days and so should have been receipted before 30 September upon 30 June accrual.

Minor engineering and support fees etc might push us to $2.5M.

Anything above $2.5M is additional revenue I was not expecting and so may include royalties.

Hoping no one is expecting the lights to be shot out in this quarterly. I'd be pleasantly surprised but not banking on it.

Great timing on this post.

Judging by the 4C, the Megachips $2m was an ACCOUNTING ACCRUAL only.

For those that don't have an accounting background, this would mean that, from an accounting policy perspective, Brainchip have "accrued income" for the licensing fee, but have not yet invoiced Megachips so haven't recognised the $2m as a debtor.

I'm now wondering what the terms of the licensing agreement were, in regards to when Brainchip can invoice Megachips - ie. what milestone needs to be met before they can issue an invoice for the remaining $2m. I'm now guessing there was an agreed amount to be invoiced up front (which we've received) and then perhaps the balance to be invoiced upon Megachips successful commercialisation of a product containing akida? Royalties then also to be invoiced monthly thereafter based on sales volumes.

If anyone has experience with IP licensing and general terms you can expect in those sort of agreements it'd be great if you could divulge for the rest of us to better understand.

Looks like those minor engineering/support fees were only $118K.

Excluding the $2m not being reciepted, the rest is pretty well in line with what I was expecting.

"In the coming quarter, the Company will focus on key sales targets and converting technical evaluations into paid licenses. In addition, the Company is accelerating development of next generation Akida IP and products to extend our technological lead and market opportunity. We are seeing the greatest amount of sales activity and engagement in the Company’s history"

Can't wait to see how December pans out.

Cheers all!

 

[Gearitup]

I notice LDN has been selling down...

 

[Xhosa12345]

eeek 100K?
whaatttttt?
april fools day?

 

[alwaysgreen]

 

[H.E. Pennypacker]

Absolutely shocking

 

[TheDrooben]

After hours release...........better be a bombshell announcement before open tomorrow or SP will be smashed

 

[alwaysgreen]

Did LDN sell 2 million shares?

 

[Sirod69]

Hmmm.. Hat jemand von AutoFill gehört? AutoFill behauptet, Pionierarbeit für eine Lösung geleistet zu haben, die Bildverarbeitungstechnologie mit multisensorischer Datenfusion kombiniert, um Anomalien zu identifizieren und die Genauigkeit von Inspektionen zu erhöhen.


View attachment 20251

View attachment 20253 View attachment 20254

Using AI and sensor fusion to improve vehicle inspection processes - Just Auto

Vehicle inspection is a time consuming and costly process, to combat this, digital solutions which utilise AI and machine learning are being introduced.

www.just-auto.com

AutoFill: transforming object inspection with AI

Daan de Cloe, AutoFill Technologies’ Co-Founder and Chief Technology Officer outlines the company and its work with AI and automation

aimagazine.com

I looked it up and found Miles Kery.
He's in touch with Plumerai, Arm, Prophesee, Qualcomm I see.

"
Thank you BusinessWeekly for sharing our Autumn Cohort kick-off as we move closer to unveiling the top 0.2% European deeptech start-ups to join the Deeptech Labs’ accelerator programme in December.

Investor interest in our cohorts is at an all-time high, demonstrating our growing reputation and specialism in selecting for deeptech alpha.

This Autumn’s cohort comprises five companies that are tackling some of the world’s most pressing global challenges such as food security, sustainable transport, smarter infrastructure, faster chips for AI and improved patient outcomes."

DeepTech companies offered route across ‘Valley of Death’ | Business Weekly | Technology News | Business news | Cambridge and the East of England

A Cambridge initiative is set to help a new tranche of DeepTech startups across the so-called ‘Valley of Death’ so they make it safely from seed funding to Series A – and beyond. Deeptech Labs is to unveil a December cohort of five businesses for its Accelerator programme and the quintet will be...

www.businessweekly.co.uk

 

[ItsKane]

Anyone else hate dislike waiting?

I miss waiting

 

[Getupthere]

 

[Mugen74]

Oh well a Hockey stick has a j curve I guess. All is not lost!stay strong LTHs

 

[LexLuther77]

I notice LDN has been selling down...

View attachment 20279

apologies if this is a stupid question but is Anil Mankar not in the top 20?

 

[ndefries]

i Can't see Anil on the top 20 shareholder list

 

[wilzy123]

apologies if this is a stupid question but is Anil Mankar not in the top 20?

Anil will be in one of the nominees accounts.

 

[Mugen74]

Its under Merriyl lynch or one of those

 

[Deadpool]

apologies if this is a stupid question but is Anil Mankar not in the top 20?

His holdings comes under one of the nominees accounts

 

[Xhosa12345]

shorters are soooo easily going to buy back all the shares

 

[BaconLover]

Hopefully I am not too late for the show