BRN Discussion Ongoing

[Xray1]

Good discussion, suggest Sean at the AGM should present:
Slide: Roadmap to steady and sustainable revenue, with the next critical steps and actions to achieve successful commercialisation time-boxed.
Slide: highlights and KPIs summarising the Board approved 3 year strategy and growth plan.

This information will enable shareholders to reset expectations, timeframes and their personal wealth plans, which should provide the board-approved commercial path that can be more objectively and positively debated and tracked here.

IMO ....... To avoid any negativity at the upcoming AGM, I think that Sean H and the Co should at least come up with another IP licence and a 4C showing healthy signs of overall revenue improvements ... after all Sean H did state at the last AGM that: ...." the company and myself should be judged not on effort BUT RESULTS " .....
Will this statement be seen potentially as Sean H falling upon his own sword as a failure to deliver on this AGM statement as a CEO ??? !!!!

 

[Boab]

IMO ....... To avoid any negativity at the upcoming AGM, I think that Sean H and the Co should at least come up with another IP licence and a 4C showing healthy signs of overall revenue improvements ... after all Sean H did state at the last AGM that: ...." the company and myself should be judged not on effort BUT RESULTS " .....
Will this statement be seen potentially as Sean H falling upon his own sword as a failure to deliver on this AGM statement as a CEO ??? !!!!

Whatever happens Sean has a multi year plan that has been approved by the board as per last nights podcast.

 

[HopalongPetrovski]

Good discussion, suggest Sean at the AGM should present:
Slide: Roadmap to steady and sustainable revenue, with the next critical steps and actions to achieve successful commercialisation time-boxed.
Slide: highlights and KPIs summarising the Board approved 3 year strategy and growth plan.

This information will enable shareholders to reset expectations, timeframes and their personal wealth plans, which should provide the board-approved commercial path that can be more objectively and positively debated and tracked here.

I understand why we as investors would like that, but can't imagine Sean or any other CEO wanting to box themselves too tightly in, in such a manner.
Merely predicting tomorrows weather, consistently and with a high degree of accuracy is difficult enough and the further out your attempt, the more grey area and fuzziness you'll want to build into your forecast.
The lumpiness in regards to revenue Sean continues to cite is the best face they can show at this point in time.
Frankly, they don't know.
Sure, they can put together their best guesses and produce a lot of pretty graphics and graphs, but who here, is willing to tell me what the weather conditions will be at the time and place of our upcoming AGM? And you have the benefit of 200 years of data along with a fairly likely assumption that we won't all be invaded by Martians or Chinese by then.
We are still in the gestation phase of commerciality.
The scans look good, but until the outcome is achieved we are all still on the nest.
As much as we all want to be there yet, unfortunately I just don't think we are.
I am still an advocate of the Company, the sector, our expanding offerings and the management team we have put in place.
To my ears, Sean is still talking sense, still executing on a viable strategy and running a quiet and efficient ship.
I remember the long slog just looking for Sean.
That was a good 12-18 months just to find and entice the right person, with the requisite skill set and experience to Brainchip.
Realistically, he has only had his hands on the levers for the absolute minimum period that I would have expectations for the type of results we are all hoping for. Whilst it can be an uncomfortable ride for us holders with our gaze primarily fixated on the day to day share price the realities of building a business in an innovative field right out there on the bleeding edge, is, just like Rome, not built in a day.

AKIDA BALLISTA
AKIDA EVERYWHERE.
GLTAH

 

[stockduck]

I would love to know if the Akida IP is "embedded" or integrated into these processes...just a tiny little message about it would be nice.....
but I suggest, there are a lot of possibilities to manage that process.

Siemens and Microsoft drive industrial productivity with generative artificial intelligence | Press | Company | Siemens

Siemens and Microsoft are harnessing the collaborative power of generative artificial intelligence (AI) to help industrial companies drive innovation a ...

press.siemens.com

https://assets.new.siemens.com/siemens/assets/api/uuid:ab296c74-350a-4096-8a1e-d66ad3efd895/HQDIPR202304126680EN.pdf

 

[IloveLamp]

CARLsim: GPU-accelerated Spiking Neural Network (SNN) simulator

sites.socsci.uci.edu

 

[manny100]

Yes but it's pretty inconsiderate for some to gloat about the cheap prices that they bought at. Indeed many may well have bought on the hype that pervades this site. Think about that for a second. Early buyers quite comfortable with their current 10x gain happily joining dots and constantly ramping are now showing no sympathy or consideration for those who may have bought on the hype that they (the rampers) helped to create. I've done plenty of research by the way, much of which points to no substantial revenue and no new IP contracts for many months. Realistic is looking at the situation from different angles and not through blinkered, rose coloured glasses.

Yes but in a year or 2 those buying around these prices and higher will be patting themselves on the back for their astute buying.
The 'sads' will be long forgotten.

 

[Makeme 2020]

Yes but in a year or 2 those buying around these prices and higher will be patting themselves on the back for their astute buying.
The 'sads' will be long forgotten.

Only a year or two.

 

[Makeme 2020]

Yes but in a year or 2 those buying around these prices and higher will be patting themselves on the back for their astute buying.
The 'sads' will be long forgotten.

I can't wait for 2022.
Hang on I can't wait for 2023.
Now it's I can't wait for 2025.
What's next 2030...

 

[Schnitzel lover]

Good presentation.

A few notes below based on my interpretation and understanding only. These are not intended as advice, guidance, recipe instructions etc. Recommend waiting for the recording and tuning in for yourself.

Cheers.

Presentation

• Edge AI – The Right compute model
• Customer Driven. Market Driven. Generations Ahead.
• Akida - in the market now, real customers and gaining traction.
• Chips, boards & systems available which people can try.
• New chip available late Summer, early Fall
• Market likes what they did with the first chip, have put additional technology into the second.
• Sean has brought on board a number of high-level industry leaders.
• Closed a set of licences already (assume MegaChips and Renesas).
• Can’t build a product without an ecosystem.
• Auto industry has a lot of interest in AI, and a lot of interest in BrainChip.
• BrainChip seeing a lot of interest from healthcare as well.
• Power consumption from data centres is unsustainable. Must move to edge market.
• Market getting stronger every single day.
• BrainChip seeing absolute interest in all markets – industrial, auto, health, home/consumer.
• Fully digital and event based is critical – allows customers to move/deploy to any technology.
• Easy to convert existing models to Akida IP.
• Gen 1 product focused on grey boxes (ie. Akida-E)
• Gen 2 product focuses on addressing orange and blue boxes (ie. Akida-S & P). This results in more functions and more Customers.
• Tech partners – lubricates the sales cycle.
• Customers want to know that varying foundries can be used.
• Selling some chips as a secondary revenue stream.
• MegaChips can build chips on behalf of other Customers.
• Renesas releasing chip in coming months.
• Neuromorphic standard will emerge over coming years - BrainChip intend to be part of that standard.
• Primary revenue is IP licensing.
• Royalties are powerful revenue streams.
• Big market, favourable trend in the edge.
• Gen 2 - Very strong positive reviews from analysts, very strong interest from Customers.
• Working with marquee brands.
• Strong team.
• Real product, real market, real Customers. Attractive business model.

Q&A

• Gen 2 – On pace for Q3 release, maybe earlier - development going well. BrainChip developing hardware and software at same time. Too early to sign customers but seeing high interest level from new prospects and existing customers.
• Future earnings guidance – not at this time. IP licensing model is lumpy and includes a long sales cycle. Hard to predict but as BrainChip matures they will provide forecasts. Complex evaluation cycles ongoing, all going well but can’t time exactly when these will land.
• When will break even be achieved – Similar to above, BrainChip is not forward projecting. Sean has a multi-year board approved plan.
• Akida 1500 – expected to sell some of these to integrators. AKD1000 chip is essentially a demo chip. Never intended to be a revenue stream itself.

Does the following note suggest the Renesas tape out for first in product chip is just a low scale smaller volume release?

“AKD1000 chip is essentially a demo chip. Never intended to be a revenue stream itself.”

 

[Makeme 2020]

Does the following note suggest the Renesas tape out for first in product chip is just a low scale smaller volume release?

“AKD1000 chip is essentially a demo chip. Never intended to be a revenue stream itself.”

Renesas was bringing a product with Akida to market end of 2022.
Now it's end of 2023
Next announcement will be end of 2024.
Where does it end.???

 

[Schnitzel lover]

Renesas was bringing a product with Akida to market end of 2022.
Now it's end of 2023
Next announcement will be end of 2024.
Where does it end.???

I’m not fussed on timelines anymore.. The reality is that if this is as good as it seems it will face ridicule all the way to the reveal, where its breakthrough commercial success and future success is obvious beyond a doubt.

So that just leaves you with your personal investing profile and risk management.

Thanks for the informative posts and @Evermont for the effort to summarise the preso

 

[Makeme 2020]

I’m not fussed on timelines anymore.. The reality is that if this is as good as it seems it will face ridicule all the way to the reveal, where its breakthrough commercial success and future success is obvious beyond a doubt.

So that just leaves you with your personal investing profile and risk management.

Thanks for the informative posts and @Evermont for the effort to summarise the preso

Yeah looks like 2030, Why haven't they signed any more IP licences

 

[equanimous]

I did my research and happy with the progress, partnerships and the ecosystem that's being built.

Its a shame that other people who have done their research but continue to be upset with the company still hold on to their shares. If im not happy with a company and how they are progressing I simply sell and consider whether I should come back in later, simple as that.

Happiness is a choice, life is short and if something is giving you grief then do something about it, just dont expect the company or others to fulfill your desires to the way things should be.

 

[Evermont]

Does the following note suggest the Renesas tape out for first in product chip is just a low scale smaller volume release?

“AKD1000 chip is essentially a demo chip. Never intended to be a revenue stream itself.”

No. Renesas signed an IP license agreement.

 

[JDelekto]

Renesas was bringing a product with Akida to market end of 2022.
Now it's end of 2023
Next announcement will be end of 2024.
Where does it end.???

Here are the early beginnings of NVIDIA when they went public on January 22, 1999, with an IPO of $12/share (eventually settling around $0.82/share).

Look how much time has elapsed since then. It seems to me we started to see a nice rise around 2016 when VR became usable thanks to the improvement in the technology, and AI was picking up (See Accelerating AI with GPUs: A New Computing Model, circa 2016).

I don't think BrainChip has as long a wait to become a worthwhile investment in the AI sector, but as you can see, it did not happen for NVIDIA overnight. I think that BrainChip, for as long as they have been around already, has commercialized at a time when AI is on its way to becoming mainstream.

As neuromorphic computing (although not a new concept in and of itself) is not as widespread as GPUs but is now on that journey to getting there due to BrainChip's efforts. It has already shown it can compete with GPUs for similar AI inference along with the added benefit of being ideal for Edge computing where cost, privacy, security, and power considerations are a concern.

If people are uncomfortable holding this stock for at least another two to five years, they will constantly be second-guessing their investment in BrainChip. As others have said before, everyone's situation is different.

If one can hold onto this stock for ten to twenty years, it is my opinion that they will find the risk is worth the reward. However, I cannot read tea leaves or tarot cards. Anything can happen for better or for worse.

 

[TheFunkMachine]

Yep, pretty sure I'm right. This also ties in with customers are.......'interested' i.e. not committed yet. Also, saying that AKIDA 1000 wasn't ever supposed to create revenue is a huge red flag for me.

Hi Foxdog. I agree that it has been a little disappointing in regards to Akida 1.0 getting commercial deals. But I think what Brainchip means when saying this is that they understand the process of how things work in the industry and that things take time, so Akida 1000 was in many ways proof of concept.

1. It is a working technology(not just science-fiction)
2. It is a scalable technology (can be produced at scale for mass production)
3. It meets and exceeds industry standards
4. It is adaptable across different foundries
5. It is programable across multiple platforms (PyTorch, Tensor flow, Ceres etc.)

And so on and so on.

My point is that Brainchip has never said that they are past their commercialisation stage. So if they are still in their commercialisation stage then direct sales of their product may not be the best long term solution. But rather laying the foundations, growing the ecosystem of partnerships, gaining trust and recognition in the industry among giants.

Akida 1 has been the birth of a new technology and now when it is proven and have gained the trust among giants they can start pushing actual sales.

I’m not trying to make things sound better then they are, and I am wanting tangible results too, but I am also trusting the process and think brainchip has delivered on most of what they have set out to do in this “commercialisation stage”

Time will tell if and when we transitions from commercialisation to a fully fledged money making machine

 

[Galaxycar]

Looks like the kings of spin are at it again,cash flow positive 24-25, used to be mid 23,I don’t believe a word our management say anymore FOS Thonk the ASX had this lot correct by not allowing them to make announcements, Tip of the iceberg they said,have very little time for Tony either he’s another we did’nt say that,try asking him why all the staff bonus shares and what are they gifted for,soon changes the conversation to spin