Agree, I think 2024 we should see revenue looking good in the financials.I guess I'm not surprised by the vocal hand wringing recently (and early thumbs down voting) of executive and board compensation packages by a loud and vocal minority of shareholders here on the TSE. I presume that a falling stock price and lumpy modest revenue has not warmed some stockholders hearts with respect to pay for perfomance incentives and may be an understatement.
Your concerns seem perfectly reasonable because they represent your personal opinion on this matter. So, have at it and best of luck.
Now my own opinion of some comments with respect to the matters of incentives and compensation is that I originally invested in a small company with a most interesting and unique approach to edge processing, but I remain invested because of my faith in what I perceive to be a strong executive team and board of directors and a clear strategy to future profitability that is being pursued. If I have a problem with incentive or compensation packages I believe I should take it up with the renumeration committee, or the board, or even vote no as others have announced on TSE.
To that point a read of the Governance documents (Investor Relations / Governance / Documents) found on Brainchip website may inform you why the company operates as they do. In 14 pdf's .... it's all there.
That revenue and income results have been slow to materialize jibes reasonably well with two random observations made by partners in the past.
Observation example # 1
Nviso put a video out about a year or so ago where there were two people in the front seat - one driving a car and the other a passenger, both Nviso employees I believe, and one in the back who was asking questions and filming the trip who I don't believe was a company employee. They had Akida tech working on an Nvidia device demonstrating facial features recognition. At the end of this video one the the employees was heard to respond to a question from the guy in the back seat about when might they be producing such technology as an Nviso product and I think one of the employess said 2025.
Observation example # 2
Renee Haas the CEO of ARM Holdings made the rounds about a year + ago on the TV business shows and he clearly stated and I will paraphrase, that it takes about four years to get from product concept and design to actual products being produced and available.
One observation was from a small partner company, and the other from the CEO of a HUGE partner company. However, both timelines are close. That to me is significant.
These two examples help me to better understand the timelines involved in technology design and implementation. Further, because of such timeframe examples I am less exasperated with Brainchips lumpy revenue streams we are seeing and will likey see in the next quarterly report to be released soon which I fully expect my reaction to be a yawn.
Finally, I can't recall precisely what our CEO said at last years AGM but unless he specifically said he wanted to be judged on financial results or financial progress this past year then he has in fact overseen a growing company that has accomplished a lot. Those accomplishments are just not being reflected in an increasing stock price now because the market abhors a vaccuum of ever increasing revenue and income and as noted by Mr. Viana, the board chair, the stock will do what the stock does .... which we can all agree hasn't been pretty recently.
So, as the two observations above demonstrate I for one am seeing a 2024 / 2025 timeframe as being when Brainchips revenue "should" really grow.
If you made it this far.... thanks for listening. Regards, dippY
Above is my opinion only and lacks any semblence to investible advice which to act upon.
Markets are forward looking so we should see some SP movement earlier than revenue appears in the Financials.