almost funny.
A question for those who have been in the market for a while.
How much revenue do you need to justify a market cap of $1b?
One answer, "hmmm, around $333m"
The answer for unicorns. Nothing
There is something wrong there.
At what point do you decide that a unicorn isn't worthwhile, or better what do you do with a unicorn that was looking like getting revenue but the revenue day keeps staying "over the horizon".
My answer. REDUCE.
Which i did by 40% in August at an average of around $1, then a bit more soon after.
I see some double down. GLWT.
Consider: i am still holding. BRN does have two huge advantages, high efficiency in SNN, and head start in SNN. That isn't every app.
Since Aug, did prospects of other stocks decline relative to BRN? What has BRN announced that increases its revenue stream?
Oh it got 'cheaper', compared to still not having any revenue, and for longer.
Good luck with that as a basis for investing.
I am sticking with balancing risk over a whole portfolio.
BTW.
Not saying for example, par or wbt is better long term, but i haven't reduced those. The difference is that in each case they are making progress against a schedule.
IMO> BRN need to announce something significant by soon after 1qtr 2023 at the latest.
DYOR
Everyone is entitled to an opinion and when that opinion is expressed they are entitled to have pointed out to them that which is not correct.
"Not saying for example, par or wbt is better long term, but i haven't reduced those. The difference is that in each case they are making progress against a schedule."
The clear implication of this statement by you is that Brainchip are not making progress against a schedule. This is untrue.
The CEO Sean Hehir issued a schedule through to the May, 2023 AGM and invited shareholders to judge him against that schedule at that time.
The ingredients of this schedule were set out by him and included warnings that income would be lumpy. There were many facets to that schedule but those which stick out to me as I type this response are as follows.
That it was too early for the company to issue guidance regarding future earnings but that it was expected by him that the growth in income would start to exceed the growth in expenses during first half 2023 and that as a result the Board had agreed with him that it would then revisit the question of giving earnings guidance.
The CEO Sean Hehir also stated they would look to adding another quality appointment to the Board which has recently occurred.
That they were close to completing their program for how the company would function with great importance given to the building of ecosystems and as we know the appointment of a new Vice President of Sales allowed the appointment of Rob Telson to the role of Vice President of Ecosystems and Partnerships to keep faith with this commitment.
Further the CEO Sean Hehir stated they were aiming to have staff numbers at about 100 by end of 2022 and this should be about the number needed into the medium to longer term. As we know the recruiting process of additional sales and engineering staff is ongoing in accordance with this plan.
We know that at the AGM it was advised by the CEO Sean Hehir that the Perth Research Centre would be considered the company's North Star and that Peter van der Made had free reign to focus on research and developing new technology and leave it to Sales and Marketing how to monetize this so that Brainchip led by Peter van der Made can continue to expand on its current technology lead.
We know also that Brainchip had a target to accelerate the filing of its patent protection and that this has as the CEO Sean Hehir stated been progressing at pace with 27 applications filed since the AGM.
As part of this process accelerating the release of the AKIDA 2.0 by years end with the probability of producing reference chips based on this IP early part of 2023.
The CEO Sean Hehir also confirmed at the AGM that shareholders could expect to see two patents granted over the coming months and once again this in fact occurred and was announced.
We know that partnerships have been achieved and advised to shareholders with one of great significance being Prophesee.
We also know that Brainchip has been working successfully with Edge Impulse to implement the Meta TF into its development platform as part of the plan laid out by the CEO Sean Hehir and that as of very recently Edge Impulse and Brainchip have been jointly aggressively presenting AKIDA technology to the market and Edge Impulses network of over 55,000 engineers. We also know that there has been a significant increase in direct down loads of Meta TF and AKIDA models on PyPi.
So while you have for your own reasons styled Brainchip as not making progress against a schedule you are either misinformed or being deliberately untruthful to prove a point because you are upset with another poster or for other unknown reasons.
I also note that you feel entitled to dictate to the Brainchip when it needs to achieve certain landmarks and that your timetable does not accord with the one set out by the CEO Sean Hehir. I am not sure what to make of this but as you like myself are a completely anonymous poster on social media who has no known credentials to make such assertions and impose such timetables I will go with the Brainchip timetable as presented to shareholders at the 2022 AGM.
My opinion only DYOR
FF
AKIDA BALLISTA