BRN Discussion Ongoing

[Dhm]

All I can say is the table cloth had seen better days.

 

[Fullmoonfever]

All I can say is the table cloth had seen better days. View attachment 37092

Picture paints a thousand words hey

 

[sleepymonk]

Agreed but at the time people were calling for the head of Intel ($11.6 mill USD), ARM ($17 mill USD) etc

I agree $4.5 mill is still a tonne of cash!

hi AG:
IT WOULD BE NICE IF YOU CAN EXPLAIN HOW YOU AGREED TO THE 4.5 MIL SALARY PACKAGE TO SEAN.

 

[Deleted member 118]

All I can say is the table cloth had seen better days. View attachment 37092

Everyone looks happy

 

[supersonic001]

So, i got along to the AGM this morning along with a number of others from this group, Jesse C et al'.........

Overall, not surprised with the messaging from Chairman & CEO on current state of play, where we're at, especially given the plethora of information this TSE cohort constantly dredges and displays here, keeping us all pretty much up to speed with activities....

A few things that i took away:

• Sean's on a 5 year plan but cannot commit to the details nor the metrics on what that means IRL to either the adoption and volume uptake of Akida, nor resulting revenue or potential or expected SP at that time
• NO update to anyone in the AGM, on revenue expectations in terms of timing or size.... “up to customer how they proceed once evaluated”
• That said, no expectations of a need for capital raise (in theory only I’m sure)
• 3-4 years approx. for customer (Mercedes example) to truly test Akida and make ready for adoption to their respective product(s) for mass production
• 12-18 months time should see a turnaround
• Akida 1000 quite narrow in operability for end user, hence 1500 and now Alida 2.0
• Tape out of 1500 now ready for customer trails in response to 1000 initial use & feedback
• Staffing has incrementally grown but not yet at 100, as anticipated at last years AGM
• Some action and opinion about certain parts of the remuneration and reward proposals, but all approved For by the proxy vote & chairman

For me, I have no issues with the status quo given the company still in early phases of development (as repeated by Viana)

Patience, perseverance and time required by our team and all shareholders to ensure the product is carefully managed improved and released during this phase to customer acceptance. As mentioned here before in forum, “steady as she goes” navigating product development for customer benefit and adoption.

If we’re at the start of a new Industrial Revolution that means there will be trail and error with our customers to get to the right balance before it becomes “the Standard” in AI.

I for one feel our team has the knowledge and modesty to navigate this bumpy pathway en route to success without being overt and trumpeting each little win along the way. What we don’t want at all for Brainchip in the future are product recalls (or whatever it might be) in damaging both reputation and potential SP.

Bring on Q1 2025 4C !

A few snippets form todays venue below, and some interactive screens on Tech, nothing new here

 

[FabricatedLunacy]

Yeah… everytime i talk this up. It get shafted…

I want this to work. I believe it will work out. I can’t pull out as I don’t want to carry the loss. And yes I did factor this into my planning.

Also major companies we have links to and that use our name surely can’t be wrong and ALL fail their due diligence.

Anyways we wait.

 

[Therealcookiemonster]

I’m probably repeating some of what has already been said but wanted to add my 2 cents. I don't really understand why people are saying things like "disappointed" and "lost faith" etc.. after attending or listening to today's AGM.

I was present at the same AGM these people were at and I thought the team, including Sean, handled the questions posed by a hostile crowd really well. I’m not saying that the radio silence specifically in regards to ASX announcement makes me happy, but I definitely understand the company’s predicament.

The reality is that the success of Brainchip is not going to happen overnight. Antonio gave us some really important insight into the sales cycle and why they choose not to make ASX announcements. Running us through the sales cycle, he said it can take 1-3 years of collaboration and engagement with a client before Akida can completely function within the client’s product/ecosystem. From there, those products may take another few years before they enter the market and Brainchip can make some $$. If my maths is correct, that’s around 5 years.

He also stated that the team always consider whether they should make an announcement about their engagements, and then explained that they can’t really do that until they have a guarantee that revenue will flow.

They only started commercialising this technology about a year or so ago. Sean’s only been in the role for 1 year. Give the guy a chance to make some changes and see his strategy through. We can’t expect a 5 year plan to be carried out in 1 year….

I run a business in the computer vision space and we are seeing a very similar if not parallel sales trajectory, especially given this economic climate. Our clients work with us for 1-3 years before they feel comfortable to scale the technology. I literally had a client the other day say they loved the solution we offer but were delaying scaling because of some overseas economic events impacting their budget (I can’t disclose things either ), and I’m sure BRN are experiencing the same challenges.

As an owner/investor of Brainchip I believe fellow investors need to adjust their timelines. We have an amazing, unprecedented product and a good team that over the last year, was re-aligned to better achieve commercial outcomes. I’m doing my best to be patient, which I admit, is not easy .

 

[supersonic001]

Teksun Inc on LinkedIn: Catch Teksun and BrainChip live at Embedded Vision Summit: Demonstrating…

Unleash AI innovation at Embedded Vision Summit! Join Teksun and BrainChip live as we showcase cutting-edge computer vision and AI

www.linkedin.com

 

[DerAktienDude]

After all that’s being said today it’s obvious that 2025 is the new 2022

 

[Deleted member 118]

The reality is that the success of Brainchip is not going to happen overnight. Antonio gave us some really important insight into the sales cycle and why they choose not to make ASX announcements. Running us through the sales cycle, he said it can take 1-3 years of collaboration and engagement with a client before Akida can completely function within the client’s product/ecosystem. From there, those products may take another few years before they enter the market and Brainchip can make some $$. If my maths is correct, that’s around 5 years.

5 years from Akida 1500

 

[supersonic001]

AWS AI on LinkedIn: #machinelearning #generativeai | 12 comments

Reinforcement learning with human feedback could be the best way to evaluate generative models full stop. Join our Twitch session 🖥️ to check it out live… | 12 comments on LinkedIn

www.linkedin.com

 

[Dr E Brown]

I’m probably repeating some of what has already been said but wanted to add my 2 cents. I don't really understand why people are saying things like "disappointed" and "lost faith" etc.. after attending or listening to today's AGM.

I was present at the same AGM these people were at and I thought the team, including Sean, handled the questions posed by a hostile crowd really well. I’m not saying that the radio silence specifically in regards to ASX announcement makes me happy, but I definitely understand the company’s predicament.

The reality is that the success of Brainchip is not going to happen overnight. Antonio gave us some really important insight into the sales cycle and why they choose not to make ASX announcements. Running us through the sales cycle, he said it can take 1-3 years of collaboration and engagement with a client before Akida can completely function within the client’s product/ecosystem. From there, those products may take another few years before they enter the market and Brainchip can make some $$. If my maths is correct, that’s around 5 years.

He also stated that the team always consider whether they should make an announcement about their engagements, and then explained that they can’t really do that until they have a guarantee that revenue will flow.

They only started commercialising this technology about a year or so ago. Sean’s only been in the role for 1 year. Give the guy a chance to make some changes and see his strategy through. We can’t expect a 5 year plan to be carried out in 1 year….

I run a business in the computer vision space and we are seeing a very similar if not parallel sales trajectory, especially given this economic climate. Our clients work with us for 1-3 years before they feel comfortable to scale the technology. I literally had a client the other day say they loved the solution we offer but were delaying scaling because of some overseas economic events impacting their budget (I can’t disclose things either ), and I’m sure BRN are experiencing the same challenges.

As an owner/investor of Brainchip I believe fellow investors need to adjust their timelines. We have an amazing, unprecedented product and a good team that over the last year, was re-aligned to better achieve commercial outcomes. I’m doing my best to be patient, which I admit, is not easy .

Agree wholeheartedly. I thought Antonio did a great education piece. I thought he was incredibly clear in his message and to be fair to Sean, I thought he was as well, outside of his prepared remarks. I appreciate their professionalism and determination not to even mention Mercedes or Renesas by name, lest it be misrepresented.
I have some real excitement around the Renesas, Megachips and Teksun links.
Sometimes it is hard to remember that we are at the forefront and start of the next revolution, as many of us have been around for quite some time.
The noise around neuromorphic is getting louder and more persistent.
The message to us was clear we are on the right path it will just take time.

PS. I wish I had Akida for that Delorean and not had to find 1.21 Gigawatts of power to run the bloody time machine!!

 

[Dhm]

The AGM was a rollercoaster ride.
Antonio was brilliant. A master of delivery. He was articulate, believable and compelling. He knew his stuff.
Sean, at first glance was disinterested or just unprepared (seemingly) He spoke by reading and struggling to keep his monologue flowing. This was the complete opposite to his 2022 AGM this time last year. I won't comment on the hog feast at the trough other than to say much of it is partially dependant on metrics being achieved.

I had a chat with Antonio afterwards and did my best to get across the incredibly frustrating lack of announcements over the last 12 months. I went on (a bit too much in retrospect) that the company could well use many more announcements that are non price sensitive. I suggested for example that an announcement that ARM are releasing their Cortex M85 chip that Akida may be added in a number of situations like blah...blah. That would be a painless non price sensitive statement that would be distributed to a much broader set of market participants.

I also had a brief chat with PVDM. What a gentleman. Also had the privilage of a good chat with Duy-Loan Le. She is so engaging, interested in what my wife and I had to say.

I caught up with some of the TSE crew and it was fun to say g'day to them all.

To sum up, a hard day, but a day that demonstrated that we are a real company with real disruptive tech that is not an easy sell. Not because of it's 'science fiction' status but clients and potential clients have current tech that is being distributed now and seemingly keeping consumers happy. To change the delivery environment takes time, persuasion and forward thinking and understanding just what is being offered to potential clients. A hard task, but I sincerely believe the current team is the A team.

 

[Diogenese]

Agree wholeheartedly. I thought Antonio did a great education piece. I thought he was incredibly clear in his message and to be fair to Sean, I thought he was as well, outside of his prepared remarks. I appreciate their professionalism and determination not to even mention Mercedes or Renesas by name, lest it be misrepresented.
I have some real excitement around the Renesas, Megachips and Teksun links.
Sometimes it is hard to remember that we are at the forefront and start of the next revolution, as many of us have been around for quite some time.
The noise around neuromorphic is getting louder and more persistent.
The message to us was clear we are on the right path it will just take time.

PS. I wish I had Akida for that Delorean and not had to find 1.21 Gigawatts of power to run the bloody time machine!!

Does the Delorian only go in reverse?

 

[Schnitzel lover]

Napoleon Hill said after 25 years of researching the most successful people on the planet, the only discernible difference was “perseverance”.

That in itself should be enough to sweep away concerns about the smaller observations made about management here.. So one shareholder holding out hope that the eyes are evidently on the prize by management and with continued perseverance, they will get there..

 

[rgupta]

can anyone who attends the meeting through some light on QA please
thanks in advance

 

[jtardif999]

I interpreted his note reading as a way to avoid saying anything that would give away sensitive information. He probably spends every day speaking openly with the internal sales and marketing team and Board about opportunities with [insert client names] so doesn't want to risk breaking an NDA by deviating from the script. I have a view that everyone at BRN is super scared of breaching confidentiality at the risk of appeasing the shareholders which I'm frustrated about but also completely understand.

Agree, as a prime example, treasurer Chalmers read the budget verbatim. Anyone who is conveying sensitive information has an obligation to convey in this manner.

 

[Stable Genius]

Fair points. In principle I agree with you guys. But if he was flashy and full of confidence without looking at his notes in the current downturn we are experiencing as a company, my point still stands. He would be crucified by many.

With the length of that document I don't many who could do that without verbatim. I agree with him reading the document as well with so much sensitivity and security the company needs to have.

I could be wrong but I think he had to read from the document so he doesn’t stray from the script as that is the same as the ASX AGM document; CEO’s address.

I would like him to be more charismatic and a better public speaker however that is one job on one day a year. It’s the other 364 days I’m concerned with. Maybe he’s excellent in small groups building a rapport with customers rather than public speaking; I know I don’t enjoy it. He was hired with a lengthy sales experience history of building ecosystems and a plan approved by the board so suggesting he has some skills.

Problems were identified and solutions given. It’s better than pretending everything’s rosy.

I thought the remuneration was explained quite well. The packages were set for a 3 year period based on KPI’s including the SP. The amounts were the total they could get if they achieved %150 over their targets. They get less if they achieve less. Sounds fair to me.

Ken and Antonio were up front about the Manny situation. Antonio agreed it was too generous and has fixed the system to reflect the market and company size; but that was historical. However if we want good people in a competitive market we have to pay them; no arguement from me. Ken was honest stating this was a quick, clean, friendly way to avoid litigation. Essentially, you can look backwards, pointing the finger with he said, she said or forwards and remove the distraction to focus on commercialisation. Only guessing here but if Manny argued that if he had his shares when the price was $2+ they would have been worth a lot more which is what I think Ken wanted to say but couldn’t. However the mistake happened it’s now dealt with but if Manny didn’t have a case to answer then I’m sure it wouldn’t have been as generous an offer. I don’t know anyone who has never made a mistake before; glad we’ve moved on from it.

Renesas is still putting out a chip with us. MB still building cars. NASA making rockets. GF making AKD1500. TEKSUN doing presentations with our products. ARM, INTEL, SiFive still making systems. Gen 2 being made for better commercialisation success. Gen 3 in the pipeline.

Potentially a longer wait but it is what it is!

 

[Diogenese]

The AGM was a rollercoaster ride.
Antonio was brilliant. A master of delivery. He was articulate, believable and compelling. He knew his stuff.
Sean, at first glance was disinterested or just unprepared (seemingly) He spoke by reading and struggling to keep his monologue flowing. This was the complete opposite to his 2022 AGM this time last year. I won't comment on the hog feast at the trough other than to say much of it is partially dependant on metrics being achieved.

I had a chat with Antonio afterwards and did my best to get across the incredibly frustrating lack of announcements over the last 12 months. I went on (a bit too much in retrospect) that the company could well use many more announcements that are non price sensitive. I suggested for example that an announcement that ARM are releasing their Cortex M85 chip that Akida may be added in a number of situations like blah...blah. That would be a painless non price sensitive statement that would be distributed to a much broader set of market participants.

I also had a brief chat with PVDM. What a gentleman. Also had the privilage of a good chat with Duy-Loan Le. She is so engaging, interested in what my wife and I had to say.

I caught up with some of the TSE crew and it was fun to say g'day to them all.

To sum up, a hard day, but a day that demonstrated that we are a real company with real disruptive tech that is not an easy sell. Not because of it's 'science fiction' status but clients and potential clients have current tech that is being distributed now and seemingly keeping consumers happy. To change the delivery environment takes time, persuasion and forward thinking and understanding just what is being offered to potential clients. A hard task, but I sincerely believe the current team is the A team.

I think that one thing that will drive use of Akida is business competition, like the ARM v SiFive head-to-head.

To get a toe in the door of mobile phones, we may need to hang on to someone else's coat tails, but our power saving is also a big plus here.

On top of that there is the move to EVs which puts a premium on power conservation.

... and then, there's defence which is insulated from downturns ...