BRN Discussion Ongoing

Krustor

Regular
Absolutely. A total disaster. There was no need for "the board to argue in public" as Guzzi tries to make out.

Any board member could have simply said "Antonio, sorry, I think we should take a moment to check the ASX announcement before we continue"... that simple....
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
 
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cosors

👀

Advanced Algorithms including
Cognitive Radar
Neuromorphic Computing

View attachment 83994
View attachment 83996


BRN_1746560560762.jpeg
 
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perceptron

Regular
Late April, EDGX pushing out a general DPU sat product running on NVIDiA and have included an optional Akida module for ultra low power applications and event processing.



EDGX DPU - Onboard AI Compute powered by NVIDIA​


View attachment 84005

Key highlights

The EDGX DPU is the most optimal earth-like AI processing system hardened to scale in space. Powered by NVIDIA Jetson Orin NX technology, this DPU is designed for powerful, energy-efficient and scalable onboard AI computing for smallsats.
It combines advanced AI processing with a modular architecture and includes an optional neuromorphic module for ultra-low-power applications. A built-in supervisory system improves reliability and availability through real-time monitoring and automated recovery. The DPU supports flexible power mode configuration, allowing users to adapt power consumption to mission constraints. Designed for ease of development, it features a Docker-based application deployment framework and is reprogrammable through reliable over-the-air (OTA) updates. Qualified for radiation, thermal, mechanical, and electromagnetic conditions, the compact and efficient DPU integrates seamlessly into a wide range of satellite platforms and supports all common European and U.S.-based launch vehicles.

Applications
Satellite Communication
  • 5G/6G NTN onboard gNodeB Acceleration
  • Spectrum Monitoring
  • Radio Resource Management
  • Network Traffic Management
Earth Observation (SAR / Optical / Hyperspectral)
  • Data Compression, Reduction, Calibration
  • Data Preprocessing (L0 => L2)
  • Cognitive Sensors
In-orbit servicing
  • Rendezvous & Proximity Operations (Pose Estimation)
  • Asset monitoring & Tracking
Key features
  • 157 TOPS AI compute
  • [Optional] Neuromorphic Processing Unit Card (BrainChip Akida, < 2.5 W mode, for event-based processing)
  • Radiation-tested: 30 Krad TID, SEE-hardened (LETth 38 MeV·cm²/mg)
  • Vibration & TVAC tested, EMC/EMI compliant
  • Compact & lightweight: 0.5U, <1 kg
  • Flexible power mode configuration: 2.5W / 10W / 30W / 40W
  • Flexible I/O: PCIe 4.0, USB 3.2, Ethernet, CAN, UART
  • Robust software: Linux (Yocto), FreeRTOS, Docker, OTA
  • Memory & storage: 16 GB LPDDR5, 1 TB NVMe SSD
  • Designed for LEO & standard launchers
Manufacturing
Design, Manufacturing and AIT fully executed in Belgium (EU)
Thanks for posting. I'll take the < 2.5 W mode option and use the power saving on an Australian made satellite beacon.
🙂
 
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Quiltman

Regular
 
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DK6161

Regular
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.
 
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Dr E Brown

Regular

Advanced Algorithms including
Cognitive Radar
Neuromorphic Computing

View attachment 83994
View attachment 83996



Great news, but we can't possibly work with a company like them. Have you seen the state of that unironed tablecloth. What a shit company, really unprofessional !!
 
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JoMo68

Regular
Great news, but we can't possibly work with a company like them. Have you seen the state of that unironed tablecloth. What a shit company, really unprofessional !!
Amen!!
 
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FJ-215

Regular
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
I'm guessing you didn't watch it!!
 
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7für7

Top 20

Labsy

Regular
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 🎊🥳🤩
 
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SERA2g

Founding Member
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.
 
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jrp173

Regular
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....
 
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7für7

Top 20
“If you like it or not”…. Deal with it” … “I’m the protector of the retail investors”…”watch and see my actions” …. MiMiMiMi

 
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7für7

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Is there a link to a recording of the AGM?
 

Cardpro

Regular
@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!!
 
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manny100

Regular
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.
 
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Cardpro

Regular
@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!
 
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7für7

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“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.



 
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jrp173

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

1746667311385.png
 
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