BRN Discussion Ongoing

[Fastback6666]

https://announcements.asx.com.au/asxpdf/20230828/pdf/05t471ngpsjvg3.pdf

The blind, withered, and oppressed optimist in me hopes that several active customers didn't elect to defer their evaluation of BRN's tech until after the expected release of Akida 2.0 this week. After all, why would they reiterate this if it wasn't all active customers...



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Yes I saw this as well - It was known and I still am hoping for some decent products to be launched here based on Akida 1000 ....and some revenue to match soonish. Fingers crossed.

It comes down to how much time a partner has invested into the Akida 1000 tech in the last 3 to 4 odd years - if you were 80% to 90% through dev/test on Akida 1000 and it does all you need from Akida 1000 then you would continue with your product release. Right! as there is no way after investing that much time you are walking away from a working product.

You can think for future the partner can possibly incorporate Akida 2000 if needed - but if you product is working and a breakthrough on Akida 1000 you would still launch it and monetise it.

 

[Mt09]

General availability of Gen2 expected by end of August 23. So we can expect another announcement by Thur this week.

Of the ip, won’t have reference chips ready.

 

[Cardpro]

Was quite annoyed to see the following statement...
"noting that several active customers elected to defer their evaluation of BrainChip’s technology until after the expected release of Akida 2.0 in August 2023."

But I feel much better as Sean stated the followings (as well as acknowledging result should be better):

“while the results are clearly not acceptable, they were anticipated. The focus on accelerating development on the 2nd generation Akida architecture which will allow us to reach new customers and solve bigger challenges on higher value applications drove incremental cost. Our commitment to releasing this market-leading product in the shortest time possible drove an increase in labour cost over the same period last year. Further adding to the expanded loss was the non-cash item of RSUs issued to our former Chairman, which added additional expense. In anticipation of 2nd generation Akida, we have seen a lot more traction from serious prospects and very detailed evaluations, however decisions are being delayed until formal release of the platform. The depth and quality of these engagements gives me strong confidence
in the strategy and growth potential of BrainChip.”

Decisions being delayed until formal release of the platform vs deferring evaluation is very different imo..

 

[Fenris78]

Wasn't Akida 1500 designed, based on customer feedback/requirements? Hopefully some light shed on which "partners" are designing modules with 1500?

General availability of Gen2 expected by end of August 23. So we can expect another announcement by Thur this week.

What is "General availability?" Is this a reference chip/hardware?

 

[Schnitzel lover]

I don’t think the two are mutually exclusive. I’d expect another announcement about 2000.

Re Gen 2:
“the expected release of Akida 2.0 in August 2023.”

& then

“Decisions delayed until formal release of the platform”

So that assumes that yes there will shortly be a formal announcement of Gen 2 licensing availability..

August ends on Thursday.. Therefore…… ?? Announcement by Thursday or BRN are mixing messages..

 

[Schnitzel lover]

Of the ip, won’t have reference chips ready.

Ah that makes more sense then..

 

[Foxdog]

Wasn't Akida 1500 designed, based on customer feedback/requirements? Hopefully some light shed on which "partners" are designing modules with 1500?

What is "General availability?" Is this a reference chip/hardware?

IP only I think. But don't forget early access partners have been evaluating since Feb as well.

 

[buena suerte :-)]

General availability of Gen2 expected by end of August 23. So we can expect another announcement by Thur this week.

Agreed… great news! And now the long awaited overdue turn around for us Chippers.. I think is imminent!

Another announcement please BRN

Hopefully we will see ‘The big guys committing to some SIGNED IP’s ….Soooooon?!

Onwards & upwards

It’s 2:15am here in Greece

Cheers

 

[Schnitzel lover]

A trading halt would be nice this am pending the release of material news on Thursday

 

[toasty]

The company surely must know that if they don’t hit some targets between now and the next AGM that are tangible or atleast the share price is off the canvas, they’re going to cop another strike..

Maybe, maybe not. Our Chairman recently said they had no idea of an upcoming strike at the AGM, which to me proves 2 things. One, they don't pay attention to their shareholders and two, they perhaps don't understand the ASX environment...........just sayin'

 

[Fenris78]

A trading halt would be nice this am pending the release of material news on Thursday

That's what we are all hoping for!

 

[Cgc516]

 

[Cartagena]

1500 available in coming quarter in limited quantities..

What does that mean about 2000?

I expect the Gen 2 to still be released, as normal.

 

[charles2]

Am I interpreting correctly that we should have a release of Akida 2.0 before Sept 30 (end of quarter) in addition to the Akida 1500 release today?

 

[DK6161]

Ah fkng hell. Don't tell me this the 2.0 that was promised.

 

[Cgc516]

In the stock market, when the direction every body can see and agree with, always be proofed wrong . Finger crossed ！

 

[Stockbob]

Ah fkng hell. Don't tell me this the 2.0 that was promised.

, it's not!! , it's 1500 reference chip that was taped out in Jan this year.

 

[FabricatedLunacy]

Everybody, delete or block your trade account apps... today will be hmmm "fun"...

 

[GazDix]

Everybody, delete or block your trade account apps... today will be hmmm "fun"...

I wish I had more bloody funds. This share price is beyond a joke.

 

[FabricatedLunacy]

I wish I had more bloody funds. This share price is beyond a joke.

Yep me too... the only thing that wen't up was our mortgage this month coming off 1.8% fixes, so no more buying for me However my super will be topped up tomorrow which should allow me a nice little parcel again as I was on 16-17% total hold in BRN on Friday.