BRN Discussion Ongoing

[toasty]

There's a very clear message in the report that customers are waiting for Akida 2.0. Let's get over that hurdle before we start worrying about the sales effort.

At the very least we should be getting some sales activity information to show us what all the cash is being spent on. This management group seems to very much like keeping shareholders in the dark. Thats OK when things are going well - nobody has reason to be concerned. However, that's not the case here. As I've said before, the technical aspects of the company seem to be firing really well but the commercial side is clearly floundering. As time goes by I have less and less confidence in BRN's commercial management.

 

[rayzor]

Just curious if somebody can explain how the patent system works.
Okay we have these patents in these country, Surely they would all be the same wherever you go?

 

[toasty]

Can someone please explain to me......
In the 4c we had "Receipts from customers" (for the quarter) $828,000
Annual Report........ Revenue from customers with contracts $115,606
What am I missing?

The 4C is cash received. The half yearly report is essentially, invoices raised. Different animals.

 

[DK6161]

Wow. Just wow. Might have to switch off my internet before Monday and all of next week otherwise I will not be in good state. I know it's a summary previous period, but Fck me dead

 

[David holland]

Monday is not going to be pretty..

As they say it's time load up ha ha

 

[Makeme 2020]

Management doesn't give a F__K about Shareholders we are MUSHROOMS keep in the dark and feed SHIT.

 

[Rskiff]

This is as "lumpy" as a pancake

 

[SharesForBrekky]

From reading this report, FY24 could get very interesting indeed.

Sales and Marketing have really ramped up and to mention they're having continuing engagement and interest with existing and potential customers looks very promising.

As well as the confident statement a number of customers could be looking to sign up after the release of Akida 2.0 in the near future, I'm predicting FY24 could be very much a joy to behold!

 

[Mccabe84]

Am I reading this correctly that ROBT ( ETF) has been buying up big in BRN ? Over 8mil shares and an increase of 94%

BRN Institutional Ownership and Shareholders - BrainChip Holdings Ltd (ASX) Stock

BRN Institutional Ownership and Shareholders - BrainChip Holdings Ltd (ASX) Stock

fintel.io

The Big institution seem to be buying for some reason

 

[wilzy123]

Am I reading this correctly that ROBT ( ETF) has been buying up big in BRN ? Over 8mil shares and an increase of 94%

BRN Institutional Ownership and Shareholders - BrainChip Holdings Ltd (ASX) Stock

BRN Institutional Ownership and Shareholders - BrainChip Holdings Ltd (ASX) Stock

fintel.io

The Big institution seem to be buying for some reason
View attachment 42915 View attachment 42916 View attachment 42917

They appear to be buying up big

https://fintel.io/so/au/brn/first-trust-exchange-traded-fund-vi-first-trust-nasdaq-artificial-intelligence-and-robotics-etf

 

[wilzy123]

They appear to be buying up big
View attachment 42918

https://fintel.io/so/au/brn/first-trust-exchange-traded-fund-vi-first-trust-nasdaq-artificial-intelligence-and-robotics-etf

yes!

 

[FabricatedLunacy]

Hopefully this will dump me further under 20% holding in my super and I just buy more…

I’m still confident and I dont retire for another 12 years… so there’s time.

Edit: just realised I had written “dumb me” not “dump me”. No glasses and few strong IPAs. Is my excuse

 

[Damo4]

Not sure if someone has already mentioned it yet, skimmed over responses - the lack of revenue is due to no new licenses or sales from licensed products.

Technically, as frustrating as it may be, this is known information. The report just summarizes what we and the market should have priced in, but I understand that won't be the case and it's will be some now-common Monday pain haha
Head up people, this all still tracks with managements comments especially those by Antonio in the Podcasts this week.
Looking forward to the v2 adoption and engagements.

The only thing I had hoped for that isn't in there is perhaps a few hundred of thousands more to represent milestone payments in regards to Valeo. I'm secretly hoping we are super close to a closing deal and look forward to the uptick in progress/milestone revenue that might pre-date the announcement.

Anyway, hope you all have a good weekend

 

[Cardpro]

Ah well... very disappointing report...

I guess we just gotta sit tight and wait till management to finally get some deals done... all the recent good news/info shared in this forum helped me to calm down a bit...

 

[wilzy123]

The report just summarizes what we and the market should have priced in

And then, there are the outliers...

 

[robsmark]

Not sure if someone has already mentioned it yet, skimmed over responses - the lack of revenue is due to no new licenses or sales from licensed products.

Technically, as frustrating as it may be, this is known information. The report just summarizes what we and the market should have priced in, but I understand that won't be the case and it's will be some now-common Monday pain haha
Head up people, this all still tracks with managements comments especially those by Antonio in the Podcasts this week.
Looking forward to the v2 adoption and engagements.

The only thing I had hoped for that isn't in there is perhaps a few hundred of thousands more to represent milestone payments in regards to Valeo. I'm secretly hoping we are super close to a closing deal and look forward to the uptick in progress/milestone revenue that might pre-date the announcement.

Anyway, hope you all have a good weekend

I bet you that this sneaky after close announcement will be followed by an AKD2000 announcement on Monday morning as the company attempts to minimise the blow to the SP from a shit half-yearly.

Frankly, I hope that’s how it plays out.

Also Damo - No, the market is watching these reports for royalties from existing IP contracts, so nothing is priced in. Remember we’re to “Watch the financials”? These are the financials.

 

[Xhosa12345]

So was the 830k cash from new sales, or just part of the 1.5m trade receivable at 31 december, or a blend. Because none of the 1.5 was received in last quarter.

Hopefully new revenue, but will know for sure when half yearly comes out next month.

As promised from my post above and for your benefit Boab:

115k revenue
Debtors 1.5m at december down to 750k end of june

So cash collected 830k was just predominantly from debtors to end of december (ie previous revenue figures)

Importantly no new material new revenue and 0 in license revenue in the half. I dont know if license revenue is where royalties would sit or not.

Report out after market shuts?

Ill scan deeper to look for upside, but suspect might be some cheaper shares available monday....

Now watch my useless pies choke to essendon tonight just to rub salt in... haha.

Sorry to be a grinch on a froffy friday.

Fyi if i give my real opinion on the performance when im under the influence later ill say hi when my ban gets lifted !!

 

[Schnitzel lover]

 

[robsmark]

I’d hate to be Tony right now, I’ll bet his Friday night isn’t going to be much fun.

 

[Schnitzel lover]

Pretty well in line with expectations with deferrment to Gen 2 Akida.. I’d call this priced in, and Gen 2 developments or any inklings of product development will see a re-rate in valuation in my view..