BRN Discussion Ongoing

[stockduck]

Good morning,

I did warn you that this 4C may not be to your liking, where did you honestly think the millions would come from ?

$40,000 USD was more than likely from online development kit sales, something like 80 units.

Sean has made it very clear, we are GOING FOR IT, no holding back, he has presented his 2/3 year plan to the Board and they
have given him the approval he needs to embark on an aggressive business plan.

The company spent around 2.4 Million USD more than the previous quarter, this figure included some annual (one-off) expenses, which I
am confident won't appear next quarter obviously.

A breakdown of the key expenses:

Research and Development + $852,000 USD
Production/Operation + $277,000 USD
Advertising + $167,000 USD
Staff + $585,000 USD
Admin/Corporate + $527,000 USD

AKIDA 2.0 was developed, AKIDA 1.5 was developed....$450,000 USD to third party engineering services, I wonder to whom that
went to, don't you...you have to spend to grow, you can't hide away in the corner of the lab as other companies are still doing, you
can't expand your sales and marketing teams without spending on salaries and advertising, you can't run a growing operation on
a shoestring budget like we have in the past.

We are in a major transition period, the big lull between producing the product and getting it into the marketplace, the opening
panic has calmed down, I hope that you make the right choice moving forward, all I'd say is think of the big picture, not a 3 month
time window, that's what's driving your emotional journey at present.

Have a good day.

Tech

I want to thank you for helping me to behave a realistic view where the company is in the business stage.

I understand that revenue of 40 thousand dollars in 3 months is shocking given the company's previous statements about customers and partners with whom they work. After all, it is unacceptable that highly specialized engineers seems that they are not paid for their work by customers for this three month.
From my layman's understanding, however, this phenomenon results from the project work with the customer, after which the money may only flow when the project is completed.

I am pleased with the statements made by the CEO in the 4C, especially about relationchips to Germany and Japan.

Nobody gets my few shares and .....
I hope that the cash flow can be directed a little better on a quarterly basis in the future.

Hopefully there will be a good appletreeshaking in autumn for all of us when the the fruit is ripe to enjoy a good-smelling apple pie together.

 

[mototrans]

View attachment 35248

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This post put it all in perspective for me... while i questioned my investment decision, BRN was getting on with grinding out a place in the market.. do you think any of these guys give a shit about the share price.. ?

just as the world continues turning without us.. Brainchip will be successful... do you think that if the money runs out in 3 quarters that Akida will be parked in the back of a cupboard to be forgotten?

The tech is part of our future now.. Akida is part of something... it will be part of more.....i'm still in...

 

[AusEire]

A forum cannot always be positive! People are entitled to be angry and disappointed and should be allowed to post it when the reason occurs as long as they don't do it all the time. There is not only sunshine but also rain when you own stocks. To keep a forum always on a sunshine level is not honest and does not help when a stock company seems to have problems. This needs to be discussed the same as the good results.

There's a thread for whinging. Go do it there. This is a discussion thread not a I am feeling sad or mad thread.

Not trying to be a mate but there's a lot of new emerged accounts after appearing in here recently because of the constant whinging and it's taking away from what this FORUM was created for. People researching, sharing said research and discussing it. Go to HC if you want to whinge 16 time's a day. They love that shit over there.

 

[Dhm]

Why do I get the vibes a kick ass announcement is in the works pre AGM? It just makes sense....I'd love to see all the sookie cry babies shut their gobs and wipe their tears away like little spoilt kiddies who are handed a lolli pop....
Shove the news in their mouths..straw bery flavour...and all is roses again...
Let's see...please God...I'd love to see that.
Burn some bitch ass shorters at the same time.
And yes, I bought a shit ton more and will still vote affirmative.
Bring on the tomatoes soukie lalas but we'll see who's making pasta sauce in 6 months time.

I’m hoping that the kick ass announcement may come from the ARM webinar on May 9. ARM sold something like 4 billion of the Cortex M85s a few years ago. Recognition is great but ARM stating Akida can be embedded within and explanation of the advantages of what we can bring to the chip will be brilliant.

 

[Learning]

I am not a day trader nor a professional investor. I do not care for the changes in the financial industry that play games with people's money. I invest in companies that I believe have produced something following trends with great potential in the consumer market.

My degree is in Electrical Engineering, but I am a Software Engineer by profession. I acquired BrainChip's PCIe hardware to play with AI as a hobby, using it to perform classification from sensor input. I know the technology exists and that it works. What I do not have in front of me is competing technology for comparative benchmarking.

My holding in BrainChip is the largest of any stock I have ever held in a company. Yes, it is a gamble, but I believe in where the markets are heading and the product that BrainChip has produced to get us there. I firmly believe in my investment. If it fails, that is on me.

The company does not, and should not, control the stock price. There are too many factors beyond the company's control to do this. What I do want the company to do, is to be motivated to continue innovating the technology, securing patents, marketing the technology aggressively, and ensuring that they hire the best talent in the field.

Akida 1.0 was not a failure and is still a commercially viable product. I believe the decision to offer IP was wise, giving the company a way to make recurring revenue without the overhead cost of producing silicon which companies are not yet ready to adopt, especially in this economic climate. I believe the company would be in a worse-off position than it is today had it gone that route.

BrainChip has accomplished getting kits into the hands of companies that do want to embrace change and evaluate the technology for their business. Additionally, they have introduced curriculum into universities to be at the forefront of those young minds choosing a career path in AI. This is not unlike the same move that Apple made in its early years by donating its hardware to schools. I know this because my High School had an Apple IIe lab full of donated machines, which I enjoyed using often.

I have chosen to reward management for making decisions that were best for the company's continued survival in the current market, securing patents to protect its technological advantage, and acquiring individuals with the contacts that are needed to get the technology exposed to an industry that has yet to see its value. The company has also listened to those who have evaluated the technology and decided to incorporate that input into Akida 2.0.

I believe that in good times, the share price will follow the company's survival and what I believe to be its eventual success. BrainChip cannot force other companies to adopt a new way of doing things, but there will be companies that will lead by example. When the benefits of using this technology are realized, others will follow or be left out. There is always the risk that a better mousetrap will evolve, but over the past few years, even the juggernauts such as IBM and Intel have yet to materialize this. What's interesting is that in neuromorphic news, BrainChip's name appears alongside them.

Feel free to pay a visit if you must, as I would not mind discussing why I believe rewarding what I feel are the choices that will benefit the company, not the day traders. I think, in turn, this will be of benefit to the long-term shareholders. These are my views and opinion, not investment advice. As I have said, I will continue to hold and reassess this investment in 2025.

Hi JD,

I totally agree with this sentiment.

'I firmly believe in my investment. If it fails, that is on me.'

I have invested in the share market for building wealth. However, as my investment are in negative territory. It's quite uncomfortable to look at too atm.
BRN is also, my biggest holding and is also currently 52% in negative territory. But I can only blame myself really, for not timing the purchase. So that's on me.

Day like today, just a few more beer will make my day better. Tomorrow will be another day. And if I have more funds Monday, I would buy more BRN without a heart beat. But I don't.

I started investing in Brainchip, because Akida is the only commercial Neuromorphic computing available.
Later this year into mid 2024 will tell me if I have make the right choice, choosing Brainchip as part of my wealth plan.

Time will tell.

Learning 🏖

 

[limettengeist]

Subsidiary from top 1 shareholder:

Automotive Technology Group (ATG) is a full service engineering and R&D partner. We provide complete vehicle engineering, R&D support and program management to the automotive, aerospace and defense industries. We specialize in the application of the latest technologies to increase the performance, reliability and safety of on and off road vehicles.
Customers rely on ATG to provide guidance and engineering support for FMVSS compliance and testing to save money and bringing their products to market sooner. Since 2007 we have been the predominant engineering resource for many of the major EV and hybrid programs announced in the US including vehicles for Chrysler, Dodge, Fisker, Aptera, and Southern California Edison.

 

[Deadpool]

I've heard Kim Jong Zeeb0t has Friday nights off, so totally off topic post to lighten the mood from today.

The legend Steve Winwood 1963 hard to believe he was only 15 years old, what a talent.


Joking Zee, I know you lean more towards Putin

 

[Bravo]

This 4C is a joke!!!!!!! But a very bad one!

I cannot vote from Germany but don't you all dare and vote YES to the bonus of Sean and others!!! I will then step into a plane and come over to TALK to you all in person!!! The management DOES NOT DESERVE THEIR SALARY AND THEREFORE ALSO NOT A BONUS!!!!

I am so upset, angry, and pissed that I wasted my time and money with this company. I lost a lot of money on this so selling does not make sense at all. All I can do is wait and hope that BrainChip with its AKIDA technology will be bought by a big company. This could bring us a few stocks of a GOOD and SUCCESSFUL investment.

In my view, it is time for Sean Hehir to step down, and to be replaced. All those cute interviews were just words for money.

By the way, how much cash do they have left before they are bankrupt?

 

[Bravo]

Aksento Ubiquito?

If you could Absento Ubiquito yourself from this forum, it would be great!

TIA

B x

 

[Andy38]

I am not a day trader nor a professional investor. I do not care for the changes in the financial industry that play games with people's money. I invest in companies that I believe have produced something following trends with great potential in the consumer market.

My degree is in Electrical Engineering, but I am a Software Engineer by profession. I acquired BrainChip's PCIe hardware to play with AI as a hobby, using it to perform classification from sensor input. I know the technology exists and that it works. What I do not have in front of me is competing technology for comparative benchmarking.

My holding in BrainChip is the largest of any stock I have ever held in a company. Yes, it is a gamble, but I believe in where the markets are heading and the product that BrainChip has produced to get us there. I firmly believe in my investment. If it fails, that is on me.

The company does not, and should not, control the stock price. There are too many factors beyond the company's control to do this. What I do want the company to do, is to be motivated to continue innovating the technology, securing patents, marketing the technology aggressively, and ensuring that they hire the best talent in the field.

Akida 1.0 was not a failure and is still a commercially viable product. I believe the decision to offer IP was wise, giving the company a way to make recurring revenue without the overhead cost of producing silicon which companies are not yet ready to adopt, especially in this economic climate. I believe the company would be in a worse-off position than it is today had it gone that route.

BrainChip has accomplished getting kits into the hands of companies that do want to embrace change and evaluate the technology for their business. Additionally, they have introduced curriculum into universities to be at the forefront of those young minds choosing a career path in AI. This is not unlike the same move that Apple made in its early years by donating its hardware to schools. I know this because my High School had an Apple IIe lab full of donated machines, which I enjoyed using often.

I have chosen to reward management for making decisions that were best for the company's continued survival in the current market, securing patents to protect its technological advantage, and acquiring individuals with the contacts that are needed to get the technology exposed to an industry that has yet to see its value. The company has also listened to those who have evaluated the technology and decided to incorporate that input into Akida 2.0.

I believe that in good times, the share price will follow the company's survival and what I believe to be its eventual success. BrainChip cannot force other companies to adopt a new way of doing things, but there will be companies that will lead by example. When the benefits of using this technology are realized, others will follow or be left out. There is always the risk that a better mousetrap will evolve, but over the past few years, even the juggernauts such as IBM and Intel have yet to materialize this. What's interesting is that in neuromorphic news, BrainChip's name appears alongside them.

Feel free to pay a visit if you must, as I would not mind discussing why I believe rewarding what I feel are the choices that will benefit the company, not the day traders. I think, in turn, this will be of benefit to the long-term shareholders. These are my views and opinion, not investment advice. As I have said, I will continue to hold and reassess this investment in 2025.

Now this is the sort of forward thinking, measured post that I have come to expect from this forum. So many unusual posters popping up, which we all have rights to express concerns. However, if the share price was higher would we be having this backlash.
Well said @JDelekto and from someone that has a line of sight into this sort of technology, then people that are losing the plot please take note. We are all frustrated, yet some of the absolute shite that I’ve read this afternoon/eve. No wonder FF tapped out.
Some need to take a breather and come back in a month or two. Do yourselves and all of us a favour.

I wish only the best of luck to all holders, believe in the company and management, but DYOR and take a f’in chill pill!

 

[Foxdog]

If you could Absento Ubiquito yourself from this forum, it would be great!

TIA

B x

Settle down Bravo, I'm just trying to add a bit of humour to an otherwise rather droll day

 

[Labsy]

I’m hoping that the kick ass announcement may come from the ARM webinar on May 9. ARM sold something like 4 billion of the Cortex M85s a few years ago. Recognition is great but ARM stating Akida can be embedded within and explanation of the advantages of what we can bring to the chip will be brilliant.

Yeah boy!

 

[Xray1]

The 4C was not unexpected in my opinion.

There is plenty of reason to believe that there are customers and revenue in the pipeline but it turns out the pipeline is a little longer than we first thought. To me, with all we know about the technology, it is inconceivable that it won't sell sometime to someone and once it does I expect it will gain traction, especially given how versatile it is. I think one of the problems and sources of frustration here was the CEO's representation at the last AGM that he expected revenue by the end of 2022. People expected that and were disappointed. Had he not said that I'm not sure people would be quite so frustrated. But just because the revenue didn't materialise then doesn't mean it isn't coming.

On the issue of Mr Hernandez's share issue I don't believe we have been provided enough information about that. Who assumed the risk that the options would expire? Was there an agreement that was the company's risk? We aren't told that. But if there was no such agreement surely it was Mr Hernandez's risk. Furthermore, if there was a good reason to restore him to his pre-expiry position surely the remedy would be issuing him similar options, not shares. A risk of suing? Who knows what that risk might be but you don't deal with that risk by immediately paying out 100% of what that person is claiming and in fact he is getting more than that because he's getting shares not options. Also not sure how issuing shares to a departed director helps the company.

It's totally different with performance shares for existing board members and employees and I won't enter into the debate here about whether they should be given performance shares at the moment but we do need to attract and retain talent so making it worth coming to BRN and staying at BRN is important.

For what it's worth, they are my thoughts at the moment

Going back a few weeks ago now ........... I don't recall if anyone could actually confirm for certain as to whether Peter will be or will not be attending this upcoming AGM.

 

[cassip]

I’m hoping that the kick ass announcement may come from the ARM webinar on May 9. ARM sold something like 4 billion of the Cortex M85s a few years ago. Recognition is great but ARM stating Akida can be embedded within and explanation of the advantages of what we can bring to the chip will be brilliant.

Hi @Dhm,

Intel will also present some news on May 9th. (Keynote of Pat Gelsinger.)

Intel Vision – March 31 - April 1, 2025

Watch the live keynote as Intel executives and industry leaders take the stage to provide forward thinking perspectives, customer success stories, and engaging demos.

www.intel.com

 

[dippY22]

I really hope you are right...

What I see is, the Akida 1000 / SoC was the product that we've been waiting on to generate revenues after AI Accelerator/ FPGA... (after moving on from Brainchip Studio)

But the above only landed two IP contracts, my guess is that the above tech was not great enough for the EAPs to adopt / move to a new tech, perhaps they rather settle for inferior tech due to uncertainty, etc.

But that being said, I don't really have any technical background and only know basic terms which I learnt mostly from researching and from this website or HC... my understanding was that this tech is revolutionary and can drive massive change and lead Edge AI field... but lack of annoucements, lack of new IP contracts, revenue, cash inflows and previous failed products along with fked up share price made me question that there are multiple things that doesnt really add up... if we were able to sell 2 IP contracts, how come we weren't able to sell more? Why is there such a big gap between our first one and second one and ... the third one (hopefully soon)... and why is our revenue so small when we are supposed to be paid for providing engineering support to all these EAPs and wtf is sales team doing... or the support engineers doing, why they r paying bonuses, etc...

And pretty much there is no info on the previously announced partnerships... wtf happened to the companies developing new tech utilising brainchip, ford, valeo, nanose, etc. Are they truely actively engaged? If yes why did we only earn 40k (don't try to educate me on revenue vs cash inflows, fk off plz)...

I bought heaps more (from my perspective, although the amount might be much smaller / bigger than some of you here) when I saw royalties from MegaChips, but yea... I am getting more negative n negative...

I don't know if I am being delusional but I truely thought this would've been super massive by now... or at least on clear track... hopefully it is on track behind the scene..

Can I try to answer some of these questions for you from my perspective?

You wrote,....But that being said, I don't really have any technical background and only know basic terms which I learnt mostly from researching and from this website or HC... my understanding was that this tech is revolutionary and can drive massive change and lead Edge AI field... but lack of annoucements, lack of new IP contracts, revenue, cash inflows and previous failed products along with fked up share price made me question that there are multiple things that doesnt really add up... if we were able to sell 2 IP contracts, how come we weren't able to sell more? See below response ***

Why is there such a big gap between our first one and second one (I don't think the gap is big, but you do,....so?) and ... the third one (hopefully soon)... and why is our revenue so small when we are supposed to be paid for providing engineering support to all these EAPs (I believe "all" the EAP's are not really all that many, so that's why) and wtf is sales team doing (then ...in early 2020, ...or now? If you mean now, I would have you ask Chris Stevens but advise you not to open your conversation with "wtf is the sales team doing") ... or the support engineers doing, (again I'm sure Anil Mankar or PVDM would be happy to spend their time talking to you about what engineering is doing, if you have the chutzpah to ask) why they r paying bonuses, etc...

*** Our stock investment is in what was an R and D company for about 8 years and "maybe" had 35 employees in the late 2018-2019 period. By 2020 +/- (Louis DeNardo(SP?) years as CEO) mainly due to their limited size and human resource limitations they reached out to a number of select target markets and specific companies for any interest to test their developed solution called Akida. Right? This targeted early adopter program resulted in some BIG early success, namely Renesas IP, ...positivite feedback from Socionext, ....Megachips IP, ....interest from NASA, ....obvious (we now know) testing of our technology by Mercedes that they proudly announced as part of their EQXX concept car. This in part should answer your quetion why we weren't able to see more. I'm not sure they were even trying to sell much more because they couldn't support much more with their small staff numbers.

In summary I believe BRAINCHIP selected who they wanted to use their extremely limited engineering and design tech resources on and I think these small amount of companies were VERY satisfied with what Brainchip was developing and likewise I believe Brainchip has been very satisfied with the results of what the early development program produced. The strategic imperative to build up their ecosystem partner network will propel earnings and revenue in the future, but it will not happen overnight. Let's revisit this again in late 2024 or even 2025,....okay?

I'm not sure that it will, but I hope I have helped answer some of your frustration if I may call it that.
Yours, ...dippY

My speculation and opinions only

 

[DingoBorat]

This post put it all in perspective for me... while i questioned my investment decision, BRN was getting on with grinding out a place in the market.. do you think any of these guys give a shit about the share price.. ?

just as the world continues turning without us.. Brainchip will be successful... do you think that if the money runs out in 3 quarters that Akida will be parked in the back of a cupboard to be forgotten?

The tech is part of our future now.. Akida is part of something... it will be part of more.....i'm still in...

"just as the world continues turning without us.. Brainchip will be successful... do you think that if the money runs out in 3 quarters that Akida will be parked in the back of a cupboard to be forgotten?"

We actually have a lot more than 3 quarters left of funding.

That figure was done on this quarter's higher than usual outflow and doesn't include the USD12.2 million from LDA Capital.

We also still have, over another 9 million shares for LDA capital to sell (plus up to another additional 10 million, which I won't count) before the end of the year, which would fulfill an additional quarter's spend (assuming done at a similar level as just completed).

So even at the current higher spend rate, which may be required to gain traction here, we will have a minimum 6 quarters of funding left, or a year and a half.

More than enough, to get cash flow positive and a whole lot more hopefully

I remain hugely positive going forward and although a little disappointed at the increasing timeline to success and becoming a multi millionaire, I will continue to add to my position, as I see current levels as an opportunity.

I'm still trying to get that car together @Shadow59 ..

I'm going all in here and I don't see it, as putting everything on red...

This ain't Roulette or some juiced up nag..

This is AKIDA!