Growth company metrics and Market Cap..
NEU MC $3.2bill HY revenue $63mil/ profit 47mill
PME MC $10bill HY revenue $68 mill/ profit 33 mill
AD8 MC $1.3bill HY revenue $38mill/ profit 11mill
So BRN at MC $297mill on undetermined revenue or new IP status..
Likely gets to $1.5bill-2bill MC on first $5-10mill in revenue, and that would double or more if the my do $20mill plus as long as profits are showing..
Ie. If BRN did $40mill rev and posted a 20mill profit, the market would most likely price BRN at similar metrics to PME..
In my view..
Down here at $300mill MC for me suggests (in my view) that I’m not expecting any revenue in the $5mill plus category before 2024 H1 report.
NDAs are BRNs only real defence to tangible performance or lack therof IMO..
Ie. If these customers don’t want to be publicly named until their Akida based products are in the market, then the Valeos, Renesas’, Megachips & their sub-licensees are likely the only companies that can be in products short-medium term.
I just can’t see how BRN share price could possibly be this low if the above paragraph customers had products coming to the market imminently..
There would have to be some insider and tech market knowledge to force more buying over selling, assuming the top paragraph MC valuations of revenue producing high growth companies..
It's called the "hand brake effect" I have never seen a stock price be so manipulated in my 26 years in the markets, as I and possibly others
have said over the last 9 years (almost) WE HAVE WHAT OTHERS WANT, AND THEY WILL DO WHATEVER IT TAKES TO ACHIEVE THEIR SELF-CENTRED GOALS TO ACHIEVE IT...
I have asked for some clarity on AKD II that is IP, Engineering Samples and Tape-Out in Silicon (obviously)...I think if I get an answer it will
remove some smoke and mirrors, we all want clarity through open communication, I personally can't see any secret in advising the shareholder base.
On the communication side of things from the company, I believe the company has improved, but be happy that we have 2 men and 1 lady
from Australia on the board, having Peter remain as a Director is more valuable than many understand.
Without speaking for the original Founder and No.1 Shareholder, I personally know the passion, the love of being Perth based, being Australian,
Perth is and always will be the Spiritual home of Akida.
Integrity is on our (Australians) side.
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