BRN Discussion Ongoing

[7für7]

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I bet Brainchip and ISL share the measuring equipment. If you have good eyes, you can clearly see the Brainchip logo on the back!

 

[Labsy]

It's definitely been a long road but I feel now has never been a better time to invest in this little rocket ship..... Slow steady increase in SP from now onwards..... Dollar party around the corner

 

[SERA2g]

Incorrect.

I asked the question about whether the $9m is net of costs or gross revenue. My question couldn't have been more clear but I am an accountant and Antonio is not.

I expected him to direct the question to Ken but he chose not too which then resulted in the question having to be repeated so he could understand.

He gave the example that if they had sales of $2m and had direct costs of $1.9m then it would count as $100k in bookings.

This is what we as shareholders want because bookings being gross revenue means $9m in revenue is all that is required and it's therefore lot easier for Sean to get his RSU's and means lower revenue outcome.

If it's based on net then revenue will need to be higher than $9m, and depending on gross margins, could need to be several million higher. In the case of the AFRL contract, it was $1.8m revenue and $800k in subcontractor costs, meaning a gross profit of $1m and gross profit margin of 44.44%

If every deal was based on the same margin they'd need $16.2m in bookings to meet $9m in gross profit and therefore the bookings target.

The only thing I would note is that I would assume most of our deals will probably just have a contract sale amount that is both the gross and net amount. AFRL contract is as far as I'm aware the first one where we had the on cost of a subcontractor to help deliver the project, so it would be misleading to say we need $16.2m to get the $9m, but you get the picture.

Last thing I'd want to happen is they win a $9m contract, pay Sean his RSU's and then we have to fork out (using 44.44% margin) $4m in subcontractor fees. I would be livid if the true value of the deal was only $5m to Brainchip yet Sean's targets were considered met.

Good question on the currency, I didn't think to ask that but would assume USD. If I remember tomorrow I will ask Ken.

@Cardpro Ken has responded to my email and confirmed the $9m booking target is USD.

 

[jrp173]

Would you please do us all a favor?

Please disappear until April 2026 again. Then the next AGM will happen soon again and you can start your next try hating the BOD again.

I am sick of reading your posts here. Same shit again and again.

Thank you and cu in 11 month again. Now back to topic please

Public forum mate, and no I will continue to post here as long as these idiots are not doing the right thing by shareholders.

If you don't like it, move on or block me,

I will continue to post as much as I like....deal with it however you please.

If you don't understand what is going on here, or choose to ignore it, that's your choice. But I will continue to call it out.

Have a lovely day Krustor....

 

[7für7]

“If you like it or not”…. Deal with it” … “I’m the protector of the retail investors”…”watch and see my actions” …. MiMiMiMi

 

[7für7]

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[FabricatedLunacy]

Is there a link to a recording of the AGM?

 

[Cardpro]

@Cardpro Ken has responded to my email and confirmed the $9m booking target is USD.

Thanks!

Wow... considering the revenues from the past couple of years, that goal is certainly quite ambitious... I truely hope Sean gets them!!

 

[manny100]

Personally I thought that was one of the most promising AGMs.
Sean stood up and answered some very tough questions and gave honest answers. I appreciate his honesty that there won't be any royalties this year despite the effort that has been put in place.
I also love the way Antonio defended the company and BOD. Great to see his raw emotion comes to play when really needed.
Overall, I am very happy to wait until end of 2027/28 to see the progress that Sean is making and hopefully seeing some royalties from 2034/35.
It is now just a waiting game really. Akida everywhere!
Not advice as always.

Agree, business wise it was very promising. All the 'he said/she said' carry on is just a smoke screen from the traction that we are gaining.
Many building early-stage companies have a bit of fire and brimestone at AGM's.
Best to keep or eyre on the business side of things.

 

[Cardpro]

@Cardpro Ken has responded to my email and confirmed the $9m booking target is USD.

Thanks!

Wow... considering the revenues from the past couple of years, that goal is certainly quite ambitious... I truely hope Sean gets them!!

9 Mill revenue for extra 7.5 Mill units of shares!.. I guess this is his chance to become a billionaire!

 

[7für7]

“USA Announce “Simpler” Rules for Chip Exports
Updated: 2:11 AM | Reading time: 2 minutes

U.S. President Donald Trump Calls Nvidia CEO Jensen Huang a “Good Friend”
Source: AP/Alex Brandon

The United States has announced new rules easing export restrictions on AI chips in order to secure the “AI dominance of the USA.” The changes are also intended to benefit tech companies such as Nvidia. Chip stocks saw a boost shortly before the market closed.

Nvidia und Co.: USA kündigen „einfachere“ Regeln für Chip-Exporte an - WELT

Amerika kündigt neue Regeln für Exportbeschränkungen von KI-Chips an, um die „KI-Dominanz der USA“ sicherzustellen. Die Änderungen sollen auch den Tech-Konzernen wie Nvidia zugutekommen. Chip-Aktien bekamen kurz vor Handelsschluss Auftrieb.

www.welt.de

 

[jrp173]

9 Mill revenue for extra 7.5 Mill units of shares!.. I guess this is his chance to become a billionaire!

Exactly, and then to make matters worse he is then rewarded again when the booking turns into revenue.

The generosity that they reward themselves is gobsmacking. I want BRN to be rewarded for their work when they achieve results but this is just insulting to shareholders.

3 strikes in a row and yet they continue in their arrogance to reward themselves excessively.

Shameful. How is this not double dipping?


Short Term Rewards

Long Term Rewards (note in 25 the Threshold is 0-80%

 

[supersonic001]

In a recent interview with BrainChip (ASX:BRN) CEO Sean Hehir, we talked about the company’s technology roadmap and how Akida GenAI will open up many Generative Artificial Intelligence opportunities… | Stocks Down Under

In a recent interview with BrainChip (ASX:BRN) CEO Sean Hehir, we talked about the company’s technology roadmap and how Akida GenAI will open up many Generative Artificial Intelligence opportunities for BRN. #BrainChip #GenAI #AI #Akida #ASX https://lnkd.in/ghWcNEUQ

www.linkedin.com

 

[Pom down under]

Seems like the scum bags that were posting until recently have left the building

 

[7für7]

Exactly, and then to make matters worse he is then rewarded again when the booking turns into revenue.

The generosity that they reward themselves is gobsmacking. I want BRN to be rewarded for their work when they achieve results but this is just insulting to shareholders.

3 strikes in a row and yet they continue in their arrogance to reward themselves excessively.

Shameful. How is this not double dipping?


Short Term Rewards
View attachment 84018



Long Term Rewards (note in 25 the Threshold is 0-80%

View attachment 84019

Instead of presenting yourself as a moral preacher and constantly criticizing the leadership team, I suggest you apply for a position there and then waive the contractually agreed compensation. That would show you’re serious. Or give up your current bonus payments that you’re entitled to upon reaching agreed targets—if you even know what such a compensation package looks like.

Yes, from an outsider’s perspective, it’s hard to understand why someone receives stock packages when there are no revenues. Still, we don’t know what’s going on behind the scenes. As always, it comes down to holding, buying more, or selling if the situation feels too risky.

The matter was voted on again at the general meeting. And things will continue as they have—whether one likes it or not. Stirring things up here is pointless. At the moment, we have no way to change anything… so why all this incitement?

Not financial advice.

 

[Cardpro]

Exactly, and then to make matters worse he is then rewarded again when the booking turns into revenue.

The generosity that they reward themselves is gobsmacking. I want BRN to be rewarded for their work when they achieve results but this is just insulting to shareholders.

3 strikes in a row and yet they continue in their arrogance to reward themselves excessively.

Shameful. How is this not double dipping?


Short Term Rewards
View attachment 84018



Long Term Rewards (note in 25 the Threshold is 0-80%

View attachment 84019

But look at Elon, he became one of the richest person in the world, if Sean can actually land some deals, hopefully 9Mill for this year, and double next year, followed by exponential growth, we will also be rich too, not to his level but yes.

If Sean fails to turn this ship around, it will sink, and yep........

In my opinion, 9 mill is not a huge target for a company of this size, but given the history during past few years, I am more than happy to see the 9 Mill, I believe once we hit 9 Mill, the growth will be exponential... getting the first couple of deals is much more difficult than landing the next 10 IMO...

But that being said... I was thinking the same 4 - 5 years ago... for every single day...........and I've put significant amount of my savings/investment here... (I only hold brainchip...)... only to see it go down the drains... ;(

but yes... good luck to all....!!!!! Plz!!!! Bring us some revenue Sean!!!!

Imo only dyor

 

[HopalongPetrovski]

Seems like the scum bags that were posting until recently have left the building

View attachment 84026

Not all of them.

 

[7für7]

What's with the share price? It's now green and almost double the number of buyers as sellers

Usual game

 

[jrp173]

But look at Elon, he became one of the richest person in the world, if Sean can actually land some deals, hopefully 9Mill for this year, and double next year, followed by exponential growth, we will also be rich too, not to his level but yes.

If Sean fails to turn this ship around, it will sink, and yep........

In my opinion, 9 mill is not a huge target for a company of this size, but given the history during past few years, I am more than happy to see the 9 Mill, I believe once we hit 9 Mill, the growth will be exponential... getting the first couple of deals is much more difficult than landing the next 10 IMO...

But that being said... I was thinking the same 4 - 5 years ago... for every single day...........and I've put significant amount of my savings/investment here... (I only hold brainchip...)... only to see it go down the drains... ;(

but yes... good luck to all....!!!!! Plz!!!! Bring us some revenue Sean!!!!

Imo only dyor

I hope you are right Cardpro... As I said, I have no problem with BRN being rewarded, but when they have actually done some sigifncaint deals that outweigh Sean's remuneration for the year!

I agree, if Sean gets rich we get rich, but right now.. Sean is the only one making money whilst shareholders wealth is dwindling.

I also don't think 9M USD is a big target considering how BRN talk up their products.. maybe a new start of under promising and over delivering.... time will tell..

Here's hoping he can do it...

 

[Beebo]

Great to hear Sean reiterating the $7-9M worth of bookings expected this year.

Bookings are contracts…contracts translate to revenue! We can finally start giving analysts to start following, analyzing, and forming quarterly estimates.

Look out behind you! A snowball is rolling down.