It's good that you feel that way but you shouldn't diminish how others feel. Everyone is different.
The main complaints by some of the disappointed posters are valid:
- management promising explosive sales - yet to deliver
- management promising revenue growth exceeding sales by end of 2022 - failed to deliver.
I don't agree with the complaint about lack of communication with the markets. NDAs are important. The partnerships and ecosystem building are important to our future and are great progress. Hopefully the explosion in sales is coming soon and a tonne of price sensitive announcements are on their way.
Either way, in my opinion if someone complains, let them get it off their chest, ignore it and move on. If you respond with belittling comments, it is going to escalate.
Watching and listening to the 2 most recent Investor presentations in April'23 Sean makes no claims of when revenue will occur, explosive sales or when we can expect breakdown.
He does however say the market for Edge AI will increase significantly with a slide to show figures. It's obvious the market will explode looking at the figures.
So it's easy to assume our sales will explode. I do but there is a chance they may not.
He says that the Renasas chip will be ready for release in the coming months. It's easy for holders to assume these will sell like hotcakes. While I hope this is the case, they may not sell.
Sean also says that Gen2 is on track for Q3 release or maybe a little earlier. Once again it's easy to assume sales will be almost immediate. May not be the case.
Both Sean and Tony in relation to competition analysis say if you want an edge device that is commercially available now it has to be BRN. That is true but we assume there is a demand for Edge devices.
In response to questions Sean says due to lumpy revenue receipts early on revenue predictions can not be made or breakeven times be given.
Sean does say that in the 'out years' forecasts should be able to be made as I presume then sales will be stable.
In relation to margin Sean gives the example of ARM who has margins in the 90%'s. He says of course they have the volumes. He also makes a brief comment on IP margins being close to 100%.
So it's easy to assume we will make those sorts of margins.
I think we will once we get volumes. Of course I am assuming we will get volumes and fairly quickly. We may not.
All in all it looks like we are on to something that could be a winner but until the money is in your pocket it's not yours.
Sean also says that current AI is not sustainable due to huge power usage, insufficient space in the cloud and latency problems.
That in itself is a material reason for a shift to the Edge.
I refer only to recent presentations.
Not sure what was said earlier.
I am excited by the prospects and I assume all of the above will fall into place in due course and that we will make loads.
At the same time it's possible I may be wrong. So I have diversified just in case.
Yes I have a fair bit invested in BRN like many others.
Patience required.