BRN Discussion Ongoing

[Boab]

Good investment choice - where else are you going to get 12%

Mines got 14%

 

[DK6161]

Knowing that this stuff takes aaaaaaages to "get off the ground"... I am curious to know what you were actually expecting this quarter that didn't actually eventuate, and am curious to know what you're actually basing that on? I am hoping its based on more than just something like "its been forever... and I'm uncomfortable with that... and therefore we are due for some goodies".

With all due respect, shareholders can express their disappointment if they wish too. This 4C is clearly disappointing. What we are expecting? Perhaps more revenue. What was it based on? CEO's comments and the general excitement from dot joining and research posted in this forum.
Again, I have no issues with shareholders expressing their disappointment, and it should be communicated to the board.

 

[wilzy123]

With all due respect, shareholders can express their disappointment if they wish too. This 4C is clearly disappointing. What we are expecting? Perhaps more revenue. What was it based on? CEO's comments and the general excitement from dot joining and research posted in this forum.
Again, I have no issues with shareholders expressing their disappointment, and it should be communicated to the board.

I've nothing against people expressing their views.

..... what CEO comments/when?

... excitement/dot joining? common... seriously? I am excited. I like dot joining, but lets be real.

 

[Wags]

Lest we Forget.
Hi all, Im with you @Xray1 and @Slade
I won't be at all surprised to see a good lift in Revenue this 4C. I won't cry if we don't as its so obvious with the slow silent grind that is occurring in the background, but I personally just have a feeling that we will see something that gives us all a shot in the arm (not literally), a big YES, a fist pump so to speak.
For any of the new readers, Im not trying to ramp up, and I'll be very happy with "steady as she goes". I just think a) it will make us smile, and b) it will come early.
Shit, did I just go out on a limb......... oh well.

Well that will teach me............. out on this thin shaky limb I am, and its blowing a bloody gale !!!!!!!!!!
Think I will catch up with @Slade at the bar for some Pantene shots.
Disappointed? Yes definitely.
Why disappointed whilst so many say this was expected? Well I guess I craved that reassurance shot. Clearly I let my emotions drown out my brain. With the massive increase in promotion, cross promotion and media attention, Megachips, Mercedes Benz, SI5, Nvisio, the flood of defence articles, the sale of hardware, engineering support, and so on, I just thought that there must be a sneaky bit of revenue there to make us smile. (the fist pump so to speak). I lost track of the calendar.
Do I still believe in this company and technology? Absa fucking loutly. (zeeb0t did say it was ok to swear in the right context)
Im reasuured, i think like a lot of us, that there is sooo much going on, and soooo much attention that something is going to blow the lid of this baby, but alas, its not today. Im still very confidant that train is coming though.
I shall swallow my pride, and be extra nice to the leader of the opposition tonight, and try and access more funds for the buying opportunity that may present (save for a juicy announcement).
Back to Alcatraz I go.

Not that anyone does, but take no notice of my ramblings.

 

[JDelekto]

If I read and interpret it correctly, there are three things that I took away from this 4C.

1. While the company's expenses went up, it ended the quarter with more cash on hand than in the prior quarter, $31.2M as stated in the report.
2. While revenues are low, I do not believe that they have realized all revenue from the MegaChips agreement which, according to their clarification, would aggregate to about $2M by the end of 2022.
3. They spent more on R&D than I thought they would; I recall someone from BrainChip commenting in a presentation that they were focusing mainly on sales this year (which has also been sizeably budgeted).

It's unclear as to how much of the reported earnings from 2021 in the Annual Report consisted of payments from MegaChips, but I imagine it will be trickling in for the remainder of this year.

I'm certainly not worried about their cash runway right now, they still can draw down from LDA capital if needed, but it doesn't seem that their increase in operational costs will be significantly outpacing their cash on hand.

For those who are long-term holders, I don't think there is anything to be overly concerned about. It seems from the R&D budget that they are taking the slowly-seeping competition (two main ones listed on BrainChip's slide in the neuromorphic arena) seriously and want to stay ahead in the game.

I'm looking forward to seeing how the technology changes over the next year, CES 2023 should be very interesting when it comes to how AI is starting to permeate everyday consumer products. As a side note, Virtual Reality became a consumer reality in 2016, and look how much the technology and popularity grew over the past six years.

 

[ItsKane]

Lets go higher up the shelf - 46% sounds even better

-46% lol after today's news that sounds horrible

 

[JB49]

Genuine question as I'm not the best at reading these. But if Mercedes, Valeo (and all these numerous other companies being quoted as customers) are planing to have products being sold next year, than I'd presume we'd be providing a lot of engineering support to them? Is there anywhere that shows if we received income from providing such engineering support?

 

[Tigerfox]

First up every credit card is slightly different so I will example my Mastercard.

My billing period is on the last statement 11/2/22 to 10/3/22 with a due date for payment of 4.4.22.

If I buy on 12.2.22 then I do not have to make payment until 4.4.22 which is about 50 days interest free. My provider states that any payment will take four days for clearance and posting to my next statement. Depending on the merchant provisions and I expect because Brainchip is not Google they have the least attractive terms they may not receive the payment I have made until my provider closes off the month in which payment was received so 30.4.22.

If you have agreed to a direct debit payment of your credit card you are missing out on your interest free period which was the original selling point when I was a boy for taking up credit cards. People now a days give the credit card companies super profits by being too busy or lazy to manually pay their credit cards.

My opinion only DYOR

I would be very surprised if brainchip did not receive payment the following business day after they process a credit card payment. The working capital benefits sit with the cardholder - funded by the merchant service fee charged to brainchip and any card fees or interest charged on balances revolved by cardholders. Not sure what payment terms brainchip offer - 30,60,90 days, but the day the customer shares the card payment details I would expect they are likely to receive payment the following day.

 

[Boab]

Lets go higher up the shelf, 46% sounds even better

You win

 

[Deleted member 118]

Genuine question as I'm not the best at reading these. But if Mercedes, Valeo (and all these numerous other companies being quoted as customers) are planing to have products being sold next year, than I'd presume we'd be providing a lot of engineering support to them? Is there anywhere that shows if we received income from providing such engineering support?

Maybe someone would like to guess where the $200k came from?

 

[wilzy123]

No I don’t want to retract… but maybe change the no contracts to 2 contracts. I stand by the fact management continues to say things like “the interest in insatiable”… how many development kits have been sold? Sweet FA at this quarters rate. I know I’m not alone in my frustration

Honestly, I literally have no idea what you've been reading or who you've been listening to if you think serious coin was going to come from board/shuttle/pi sales.

Everything that I had read/seen/heard tells me that these things are for evaluation purposes (think of small companies, hobbyists, engineering teams). What are you reading that suggests otherwise? Please... steer me directly to something of substance. SUBSTANCE.

So far... your commentary at best only warrants the attention of search crawlers on hotcrapper.

 

[Brenzx10]

Maybe someone would like to guess where the $200k came from?

T Shirts?? Hope your doing well mate

 

[Stable Genius]

Genuine question as I'm not the best at reading these. But if Mercedes, Valeo (and all these numerous other companies being quoted as customers) are planing to have products being sold next year, than I'd presume we'd be providing a lot of engineering support to them? Is there anywhere that shows if we received income from providing such engineering support?

Hi JB,

I’m not sure we would be getting a lot of revenue from engineering support from the likes of Valeo and Mercedes Benz now. I think initially we would have but they have their own engineers etc. For example here‘s some figures from Valeo’s website”

Peace!

 

[cassip]

4C says:

"The Company’s patent portfolio comprises eight (8) patents granted in the US and one (1) patent granted in China, with a further 22 international patent applications pending in the US, Europe, Canada, Japan, Korea, Australia, Brazil, Mexico and Israel.

The Company remains focused on pursuing and maintaining patent protection on all current and future developments across multiple global jurisdictions in order to retain our technological edge over the growing number of competitors in the edge AI space."

There are 22 patent applications pending. Probably a decisive factor / necessary base for future revenue. This must be ensured before business really gets going. Don´ t you think so?

 

[Violin1]

Oh come on Violin1

No @Mugen just noooo - there are things I cannot unsee! It's like one of those songs in my head I can't get rid of.......sometimes that's the Wiggles - but now it's that image burnt into my mind.........

I never meant to go to that bar......I never meant to drink that much......I never meant to.......

 

[Straw]

Pretty obvious in the posts today who is genuine and who isn't.
Hate waiting like anyone. My last wait was long but more than worth it and this one has a great deal more certainty attached and very likely in the months (not 7 years).

 

[DingoBorat]

Good to see some voices of reason in here..

I liked Wilzy's viewpoints the most.

I was seriously expecting to see more positivity here..

I was personally thinking we'd get around 1.5 million, but that was with part of the Megachips IP licence fee.
Anybody expecting huge numbers, from chip sales or product IP usage, at this early stage, is literally dreaming..

When it does begin, those numbers will be trickles to start off with (hopefully a lot of independent trickles! ).

Look at the growth chart for ARM Holdings, who we've based our IP revenue model on.

I believe we're at the beginning of that curve and it may be 9 steps forward and 8 steps back, at the moment, but things are just starting and the only big lump sums we will get, are from licence fees, at this time...

As some have said, it will be the retail throwing tantys, or short pushes, while those with more stomach and foresight (possibly institutional) accumulate.

I suck at timing sales and acquisitions, so I'm just going to watch the show as usual ..

My opinions only.
GLTAH!

 

[Deleted member 118]

Good to see some voices of reason in here..

I liked Wilzy's viewpoints the most.

I was seriously expecting to see more positivity in here..

I was personally thinking we'd get around 1.5 million, but that was with part of the Megachips IP licence fee.
Anybody expecting huge numbers, from chip sales or product IP usage, at this early stage, is literally dreaming..

When it does begin, those numbers will be trickles to start off with (hopefully a lot of independent trickles! ).

Look at the growth chart for ARM Holdings, who we've based our IP revenue model on.

View attachment 5054
I believe we're at the beginning of that curve and it may be 9 steps forward and 8 steps back, at the moment, but things are just starting and the only big lump sums we will get, are from licence fees, at the moment..

As some have said, it will be the retail throwing tantys, or short pushes, while those with more stomach (possibly institutional) accumulate.

I suck at timing sales and acquisitions, so I'm just going to watch the show as usual ..

My opinions only.
GLTAH!

One thing is for sure if we can go from $200k to a million in the next quarterly that will be a massive 500% increase from this quarter

 

[DingoBorat]

No @Mugen just noooo - there are things I cannot unsee! It's like one of those songs in my head I can't get rid of.......sometimes that's the Wiggles - but now it's that image burnt into my mind.........

I never meant to go to that bar......I never meant to drink that much......I never meant to.......

As the song says Violin1, "Curves in all the right places" is key

 

[Fact Finder]

Hi JB,

I’m not sure we would be getting a lot of revenue from engineering support from the likes of Valeo and Mercedes Benz now. I think initially we would have but they have their own engineers etc. For example here‘s some figures from Valeo’s website”
View attachment 5053

Peace!

MegaChips state they have already been trained to assist customers with implementing AKIDA.

Renesas & Valeo is my bet for some engineering fees but very much tail end for both.

My opinion only DYOR
FF

AKIDA BALLISTA