BRN Discussion Ongoing

[Gearitup]

Disgraceful quarterly. Rob Telson needs to be in the firing line in my view. Talks a good game but simply hasn’t delivered….anything

 

[BaconLover]

$10 on shareman being active on HC this evening.

Minimum I'll do is $0.1 million.

 

[LexLuther77]

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

Hopefully it's been priced into the current SP. Hence why its been fairly stagnent floating around the mid 80's....

 

[Fact Finder]

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

Not a stupid question. He holds his and wife’s shares via a nominee account/s which I believe is HSBC but Robert Mitro the third original founder does as well and I get them mixed up as to which nominee account is which but I suppose that is the point of using nominee accounts.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Cardpro]

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!

"trade receivables are non-interest bearing and generally on terms of 30-90 days."???

 

[Sirod69]

has this been posted here before? for the hundredth time???
Now we're just waiting for November 2nd

We've already learned to wait, haven't we?

BrainChip Showcases its Essential AI at IoT World​

Laguna Hills, Calif. – October 26, 2022 –BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power neuromorphic AI IP, today announced that Rob Telson, Vice President of Ecosystem and Partnerships, will present “Essential AI: Efficient, Effective, Everywhere” at IoT World & The AI Summit Austin at the Austin Convention Center in Austin, Texas, November 2 at 12:30 p.m. CDT. The company will also demonstrate Akida™, the world’s first commercial neuromorphic processor, during the event.

 

[skutza]

As I didn't want to get abused, I am not entirely surprised. I read many posts on what the 4c would hold and thought, hmmmm this may well be a let down. I said in a post I'd be happy with $2 mill excluding licenses as I thought we'd be lucky with $1 mill. But this level is certainly a surprise. IMO this just shows that the IP is not in anything for sale yet, or no royalties are due till the sales do happen. People still working on their products. Hard to get royalties when nothing is sold. Anyway, it's easy to say in hindsight, but it's a lot safer, nothing has changed for me, but I'm not in a rush or trading many. Good luck holders, hopefully no emotional selling tomorrow....

 

[Dhm]

4C is out

DO NOT DO THIS, IF IT REALLY ISN'T OUT. I AM SPEAKING FROM THE CORONARY CARE CENTRE AT ST VINCENTS HOSPITAL AFTER GETTING SO EXCITED I NEARLY HAD A HEART ATTACK.

 

[miaeffect]

YEEEAHAAAA NO RETIREMENT THIS MONTH. GOTTA GET BACK N WORK HARD FOR ANOTHER 3 MONTH

 

[Bravo]

I made more money foot modelling last quarter than that!

Thank god I've been blessed with such attractive tootsies, otherwise I'd be at my wits end!

 

[Mugen74]

DO NOT DO THIS, IF IT REALLY ISN'T OUT. I AM SPEAKING FROM THE CORONARY CARE CENTRE AT ST VINCENTS HOSPITAL AFTER GETTING SO EXCITED I NEARLY HAD A HEART ATTACK.

Dont read the 4C!

 

[Deleted member 118]

Leaky ship on the 4C hence what I said about the shorters being very active leading up to this and not like other quarterlies.

 

[wilzy123]

Hopefully I am not too late for the show

Nope, you haven't missed it. The usual thinly veiled characters have come out of the woodwork.

 

[Deleted member 118]

DO NOT DO THIS, IF IT REALLY ISN'T OUT. I AM SPEAKING FROM THE CORONARY CARE CENTRE AT ST VINCENTS HOSPITAL AFTER GETTING SO EXCITED I NEARLY HAD A HEART ATTACK.

Don’t even bother looking lol

 

[AusEire]

Nope, you haven't missed it. The usual thinly veiled characters have come out of the woodwork.

Someone released the Muppets

 

[Deleted member 118]

We going to have enough cash to last if it carry’s on like this?

 

[BaconLover]

I made more money foot modelling last quarter than that!

Thank god I've been blessed with such attractive tootsies, otherwise I'd be at my wits end!



View attachment 20284

I'll have to open an Onlyfans account too.
Do you have a referral code?

 

[AARONASX]

It's going to suck over the next few days/weeks/months watch the shorters play like pigs in mud!

End of the day we're all hoping for a win sadly this one today wasn't it,

I am still a believe in and full faith in Brainchip.. I am still planning on hold long-term. In a few years time no one here will care or talk about or mention this moment.

We WILL have a moment one day!

 

[SERA2g]

We going to have enough cash to last if it Carrie’s on like this?

8 quarters of funding. That's 2 years assuming no increase in revenue.
We still also have a draw down to go with LDA Capital - not exactly sure how much to come as it's been a while but I do know @Fact Finder has his finger on that pulse. It's several million but FF could confirm.

Plenty in the war-chest mate.

I see us getting to a profit before we need to raise any capital.

Imo the only way we'll see any additional capital raises occurring will be from a strategic point of view rather than a cash flow requirement. The purpose of such a raise would be to strengthen the balance sheet to prevent a hostile takeover from occurring.

IMO DYOR

 

[Frank Zappa]

I know we are a BRN centric forum but WBT is another tech stock on the ASX at pre revenue stage that some of you may be interested in. They had a massive announcement today.

I honestly think they have as much potential as Brainchip, perhaps an even higher revenue ceiling.

They are my second biggest holding and to say today is a good day is an understatement!

Well done . I have had them on my watch list since you mentioned them a couple of months ago . 20% increase just today bodes well for BRN when it pulls its head out of the sand .