BRN Discussion Ongoing

[Cardpro]

I do get it for a bleeding edge new product. - ie. Akida 1.0

Akida 1.0 they obviously have proven out their tech with partners in a basic form from a performance and smarts perspective. I think some customers have incorporated this into a product - still not fully sure who and when commercial though.

Akida 2.0 and beyond has always been underway and the problem is if you tell customers/potential customers about your runway of products and the "NEW FEATURES COMING" - they will typically say: "We will wait for the new and improved product" and incorporate that IP into our product. Also some want to derisk from any potential issues from a v1.0 product.

I have done the same thing in the past and waited for a second generation model/version to ensure that I get a better version with hopefully no issues. Be it IT product, Car or household whitegoods.

It is great that Akida 2.0 is confirmed to be available this year then there can be no excuses for lack of commercial traction into FY2024 through Akida 1.0 or 2.0. My concern is v2.0 integration, testing and commercialisation time for partners/customers - do we need to wait anothe 3 years for this - I hope not if they have already performed 2 or 3 years testing on v1.0.

I am here for the longer journey but I hope that shows large rewards by FY2025.

I really hope you are right...

What I see is, the Akida 1000 / SoC was the product that we've been waiting on to generate revenues after AI Accelerator/ FPGA... (after moving on from Brainchip Studio)

But the above only landed two IP contracts, my guess is that the above tech was not great enough for the EAPs to adopt / move to a new tech, perhaps they rather settle for inferior tech due to uncertainty, etc.

But that being said, I don't really have any technical background and only know basic terms which I learnt mostly from researching and from this website or HC... my understanding was that this tech is revolutionary and can drive massive change and lead Edge AI field... but lack of annoucements, lack of new IP contracts, revenue, cash inflows and previous failed products along with fked up share price made me question that there are multiple things that doesnt really add up... if we were able to sell 2 IP contracts, how come we weren't able to sell more? Why is there such a big gap between our first one and second one and ... the third one (hopefully soon)... and why is our revenue so small when we are supposed to be paid for providing engineering support to all these EAPs and wtf is sales team doing... or the support engineers doing, why they r paying bonuses, etc...

And pretty much there is no info on the previously announced partnerships... wtf happened to the companies developing new tech utilising brainchip, ford, valeo, nanose, etc. Are they truely actively engaged? If yes why did we only earn 40k (don't try to educate me on revenue vs cash inflows, fk off plz)...

I bought heaps more (from my perspective, although the amount might be much smaller / bigger than some of you here) when I saw royalties from MegaChips, but yea... I am getting more negative n negative...

I don't know if I am being delusional but I truely thought this would've been super massive by now... or at least on clear track... hopefully it is on track behind the scene..

 

[Damo4]

'where did you honestly think the millions would come from ?'

TBH the Co has talked about working with Mercedes. Since we don't have an AKIDA 1000 for each car to sell them, we imagined that M.B was producing it's own chip with AKIDA IP.

But since there aren't any millions $, something doesn't add up, all of a sudden.

That is why we are concerned.

On the MB bit, technically the only thing we know with certainty is that is was in the Vision EQXX.
So that's at least 1 chip, possible a few more for dev. Agreed we have speculated about IP being in MB's in house chip but there's certainly no timeline on it.

 

[IloveLamp]

Alphawave Semi Showcases 3nm Connectivity Solutions and Chiplet-Enabled Platforms for High Performance Data Center Applications

Alphawave Semi (LSE: AWE), a global leader in high-speed connectivity for the world’s technology infrastructure, today announced the bring-up of its f

www.businesswire.com

 

[Cardpro]

'where did you honestly think the millions would come from ?'

TBH the Co has talked about working with Mercedes. Since we don't have an AKIDA 1000 for each car to sell them, we imagined that M.B was producing it's own chip with AKIDA IP.

But since there aren't any millions $, something doesn't add up, all of a sudden.

That is why we are concerned.

Hmm I hardly doubt we would be getting paid from MB for AKIDA IP unless it flows through MegaChips... in fact, there is no suggestion that the new MBOS uses BrainChip...

I was expecting at least few hundred thousands from engineering support we provide to EAPs... but I just heard back from Tony that some EAPs don't pay for engineering support as they dont need any. Still... 40k... makes me sad...


"Not all EAP’s pay engineering support.

Some of our EAP’s are actively researching and developing in-house and don’t require much support from us."

 

[Foxdog]

Good morning,

I did warn you that this 4C may not be to your liking, where did you honestly think the millions would come from ?

$40,000 USD was more than likely from online development kit sales, something like 80 units.

Sean has made it very clear, we are GOING FOR IT, no holding back, he has presented his 2/3 year plan to the Board and they
have given him the approval he needs to embark on an aggressive business plan.

The company spent around 2.4 Million USD more than the previous quarter, this figure included some annual (one-off) expenses, which I
am confident won't appear next quarter obviously.

A breakdown of the key expenses:

Research and Development + $852,000 USD
Production/Operation + $277,000 USD
Advertising + $167,000 USD
Staff + $585,000 USD
Admin/Corporate + $527,000 USD

AKIDA 2.0 was developed, AKIDA 1.5 was developed....$450,000 USD to third party engineering services, I wonder to whom that
went to, don't you...you have to spend to grow, you can't hide away in the corner of the lab as other companies are still doing, you
can't expand your sales and marketing teams without spending on salaries and advertising, you can't run a growing operation on
a shoestring budget like we have in the past.

We are in a major transition period, the big lull between producing the product and getting it into the marketplace, the opening
panic has calmed down, I hope that you make the right choice moving forward, all I'd say is think of the big picture, not a 3 month
time window, that's what's driving your emotional journey at present.

Have a good day.

Tech

Great post Tech - helps calm the nerves, including mine.

I think the big issue is not the paltry revenue but the creeping doubt that this company may not succeed and we will all lose our investment (not just paper losses but actual losses). Evidence presented by the company to confirm that there is market traction is needed - preferably sooner rather than later.

 

[MrNick]

Interesting given what we know about our edge capabilities and the SAMSUNG interest from all involved. Speculation, but on days like this I'm going positive.

 

[FabricatedLunacy]

"As a top 350 shareholder of this company i'll be voting NO to any shares to management apart from PVDM."

I wil be doing the same. IMO performance is a measure of shareholder return. Until we start seeing that, it shouldnt even be spoken about.

Dont get me wrong, I belive in the company and have no doubt they are working bl@@dy hard to commercialise, but i think they need patience... Just like us loyal holders (some 8 years loyal)

Yep... if I smash my own KPI's out of the park but our company doesn't make our target revenue (40% of bonus), then my personal 60% wont be paid out, no matter what.

So its a bit rich to get bonuses from 40k revenue

 

[Iseki]

Hmm I hardly doubt we would be getting paid from MB for AKIDA IP unless it flows through MegaChips... in fact, there is no suggestion that the new MBOS uses BrainChip...

I was expecting at least few hundred thousands from engineering support we provide to EAPs... but I just heard back from Tony that some EAPs don't pay for engineering support as they dont need any. Still... 40k... makes me sad...


"Not all EAP’s pay engineering support.

Some of our EAP’s are actively researching and developing in-house and don’t require much support from us."

So you think MegaChips is holding onto our millions, and the cheque is in the mail?
That's a relief! I'll buy more!!

 

[Foxdog]

Yep... if I smash my own KPI's out of the park but our company doesn't make our target revenue (40% of bonus), then my personal 60% wont be paid out, no matter what.

So its a bit rich to get bonuses from 40k revenue

Yes, bonuses shouldn't be more than revenue. It should be a % of revenue, so for this quarter I think 10 shares each, or a Chiko Roll.

 

[AARONASX]

Yes, bonuses shouldn't be more than revenue. It should be a % of revenue, so for this quarter I think 10 shares each, or a Chiko Roll.

I'd be happy for everyone to have all the bonuses in the world if the revenue reflected that was necessary

 

[Diogenese]

A question for the AGM (barring any intervening godsend ):

The business of licensing IP is very hard to get started. The initial costs to the customer are substantial (licence fees, chip design, chip manufacture), even prohibitive for many. An earlier business strategy had been to sell the SoC for a modest price to ensure rapid disbursement of Akida in the market.

In order to improve the chances of early revenue, would the company revisit the SoC sale model, and also consider monetizing the Akida simulation software and model libraries?

 

[Fox151]

Interesting that PAUL GLENDON HUNTER a top 20 shareholder sold 1.6 million shares since the last top 20 list was published in January.
I thought he was a poster on here ???

As a top 350 shareholder of this company i'll be voting NO to any shares to management apart from PVDM.
The recent investor podcast was complete fluff, questions and answers that any competent shareholder would of already known, except for our great CEO stating that a potential customer walked away (but we won the design win with them thou!!!! Thats awesome, how much coin does that give us !!!) So what does that say..... that the costs of incorporating Akida into their chip was not worth the benefit/results.
That's good to know CEO.
I'll keep a eye on the financials
Explosion of sales end 2022
Market leader
Embedding our IP in everything everywhere

Fluff Fluff Fluff Fluff

I wonder if he might be the currently in hiding Fact Finder?

 

[Quiltman]

Reserving any judgements/thoughts until the AGM, which I shall attend in person.

However, the quote of the day goes to my son, who has a small holding ( " large for him " ), on hearing of 40k income.

" Gee, they should get all the staff to do Uber Eats for a couple of weeks ".

Love it ! Gotta laugh.
Building a business is hard, building an IP business even harder.

 

[Deleted member 118]

Yes, bonuses shouldn't be more than revenue. It should be a % of revenue, so for this quarter I think 10 shares each, or a Chiko Roll.

Maybe 20 each so they can at least buy a cup off coffee as well.

 

[Humble Genius]

I wonder if he might be the currently in hiding Fact Finder?

No.

 

[Bravo]

Just to keep the -a-trois together, this is MorseMicro's patent application:

US2022231884A1 METHOD FOR IMPROVED SYNCHRONIZATION BETWEEN A TRANSMITTER AND A RECEIVER ON A WIRELESS NETWORK


View attachment 28159

My thoughts were that Akida may be able to do the work of the MAC (multiply accumulate) process

or 114/164 faster and more energy-efficiently, and may even be the basis of a new (joint?) patent application.

Let's hope so Dodgy-Knees. Look at all the applications we can get into if we team up with Morse Micro!

Wi-Fi HaLow Module 1st Certificated FCC CE IC RCM TELEC NCC Sub-GHz MM610X-001

Wi-Fi HaLow Sub-GHz wireless module MM610X-001 by Morse Micro MM6108 RF SOC. low-power, long-range IEEE 802.11, IoT applications.

www.asiarf.com

 

[Boab]

I wonder if he might be the currently in hiding Fact Finder?

I recall FF saying on one of his posts (not that long ago) that he had broken his golden rule and bought more shares?

 

[Labsy]

It's hard to know if we should punish the directors for simply making a mistake that we all agreed to, at the time.

We all fell for the "let's just sell IP" line - Oh, revenue will be virtually all profit!. In reality this meant that we were going to hand over the heavy sales lifting to Renesas and MegaChip. Surprise surprise, that didn't work.
But it was worth a try.
So now we're going back to selling the actual MCU that engineers can just buy off the shelf.
And we've wasted a year.
We made this mistake because the product is 100% digital, so can be scaled and made cheaply at any of the Fab companies. We were unlucky in that no-one took a punt on us and is selling a product containing the Akida IP. If they had of, we would be in a much better position - others would have had to follow suit. But they didn't.

At any rate we are back to the "let's produce the MCU" tack, a decision which I think we took quickly.
So I'll just be abstaining, worried that any push back will just add to our problems.

This is here say... I disagree... careful painting false pictures based on 40k revenue for Jan, fen march...the year has only begun... business model is perfect. Selling MCUs?? Are u mental.?

 

[Deena]

Spot the odd one out!

• Is Brainchip meeting development timelines with the development of it’s technology?
• Does the technology work in terms of efficiency, speed and fit for purpose?
• Are any really big companies singing the praises of Akida and our IP?
• Are any big foundries lining up production of chips including Brainchip’s technology?
• Is the company pulling out all stops to present our products at relevant field events?
• Is our technology well protected by patents?
• Do we have any serious competition?
• Do we have the talented staff to continue development and sales?
• Is Brainchip’s long-term success assured (in your opinion and based on the evidence available)?
• Is the share price booming to reflect the answers to the above?

Did you spot the outlier?

Now a few bonus questions. These ones might be a bit harder.

• Can the company control what the share price is doing?
• When will the company start to earn some serious income?
• When will the next partnership or customer be announced?

Remember, wealth flows to the patient.
Deena