BRN Discussion Ongoing

[Fact Finder]

Good cash in 780k but not getting excited cos receivables at 30 jun were 750k, and only 27k collected september, so most could be collecting the old stuff. so will wait until the yearly report to see how much new revenue in this 6 months. Back of envelope says 30k new revenue collected only.

I think $20,000 came from employee options.

The important thing underlying the $750,000 is it proves out MegaChips commercialisation commitment to AKIDA technology.

My opinion only DYOR
Fact Finder

 

[wilzy123]

Launch of Akida 2.0: BrainChip introduced its second-generation Akida 2.0 IP solution, featuring significant technical innovations like Temporal Event-Based Neural Nets (TENNs). This is expected to enhance intelligent processing of multi-dimensional streaming data, crucial for Edge AI growth.

Change in Technology Leadership: Peter van der Made, the founder and former CTO, transitioned his role to Dr. Anthony (Tony) Lewis. Dr. Lewis brings extensive experience from HP, Inc. and Qualcomm, Inc., and has an academic and entrepreneurial background in AI and neuromorphic computing.

Senior Appointments: The company appointed Mr. Steve Thorne as Vice President of Sales, bringing nearly three decades of experience in AI and data center solutions.

Patent Portfolio Expansion: BrainChip secured its 19th patent, US 11,853,862, related to unsupervised detection of repeating patterns in a series of events.

Strategic Partnerships and Collaborations:

• Partnership with Circle8 Clean Technologies and AVID Group for developing AI-powered "Smart Bins" for automatic waste sorting and recycling.
• Collaboration with EDGX, a Belgian space tech company, to develop data processing units for demanding environments like space.
• Joint effort with VVDN Technologies to showcase the neuromorphic Edge Box based on Akida technology at CES 2024.

Product Developments:

• Introduction of the Akida Edge Box for AI applications in challenging environments, with pre-sale expected in Q1 2024. This product targets various markets like retail, healthcare, and security.
• Partnership for the new Unigen Cupcake Edge AI Server, integrating BrainChip's Akida neuromorphic processor.

Capital Call Notice with LDA Capital:

• On 4 December 2023, BrainChip announced a new Capital Call Notice to LDA Capital for subscribing to 25 million shares, aimed at boosting capital reserves in anticipation of increased commercial engagements and customer support needs.
• A third amendment to the Put Option Agreement with LDA Capital was entered on 29 December, allowing for a one-year extension with an option for two additional years. The company must draw down the remaining $2.7M (AUD) and at least $12M (AUD) by 31 December 2024.

Financial Update for the Quarter:

• The company ended the December quarter with US$14.3M in cash, down from US$17.8M in the previous quarter.
• Net operating cash outflows were reported at US$3.3M, a decrease from US$4.0M in the prior quarter.
• Cash inflow from customers increased to US$0.78M, compared to US$0.03M in the previous quarter.
• Total payments to suppliers and employees were US$4.2M, lower than the US$4.5M in the previous quarter, attributed to reduced third-party R&D services costs and favorable exchange rates.
• Operating activities included payments totaling US$290,645 to BrainChip’s Board of Directors, covering fees and salaries, and including unused leave benefits paid to Mr. Peter van der Made upon his retirement.
• Financing activities saw a minor cash inflow of US$0.02M from the exercise of stock options under the Long-Term Incentive Plan (LTIP).

 

[AARONASX]

View attachment 55106 Launch of Akida 2.0: BrainChip introduced its second-generation Akida 2.0 IP solution, featuring significant technical innovations like Temporal Event-Based Neural Nets (TENNs). This is expected to enhance intelligent processing of multi-dimensional streaming data, crucial for Edge AI growth.

View attachment 55106 Change in Technology Leadership: Peter van der Made, the founder and former CTO, transitioned his role to Dr. Anthony (Tony) Lewis. Dr. Lewis brings extensive experience from HP, Inc. and Qualcomm, Inc., and has an academic and entrepreneurial background in AI and neuromorphic computing.

View attachment 55106 Senior Appointments: The company appointed Mr. Steve Thorne as Vice President of Sales, bringing nearly three decades of experience in AI and data center solutions.

View attachment 55106 Patent Portfolio Expansion: BrainChip secured its 19th patent, US 11,853,862, related to unsupervised detection of repeating patterns in a series of events.

View attachment 55106 Strategic Partnerships and Collaborations:

• Partnership with Circle8 Clean Technologies and AVID Group for developing AI-powered "Smart Bins" for automatic waste sorting and recycling.
• Collaboration with EDGX, a Belgian space tech company, to develop data processing units for demanding environments like space.
• Joint effort with VVDN Technologies to showcase the neuromorphic Edge Box based on Akida technology at CES 2024.

View attachment 55106 Product Developments:

• Introduction of the Akida Edge Box for AI applications in challenging environments, with pre-sale expected in Q1 2024. This product targets various markets like retail, healthcare, and security.
• Partnership for the new Unigen Cupcake Edge AI Server, integrating BrainChip's Akida neuromorphic processor.

Home - Circle8 Clean Technologies

Circle8 is the visionary startup by Mark & Megan Grogan to get plastic off Earth's face. Empowering & democratising plastic waste disposal.

circle8.io

 

[AI_Inquirer]

I'm pleased, whether it's milestone payments (as indicated in the Valeo JVA agreement) or some limited capacity production. But 750,000 is beyond what you would expect for straight consulting / tech support hours.

 

[keyeat]

share price this morning ....

 

[Diogenese]

View attachment 55106 Launch of Akida 2.0: BrainChip introduced its second-generation Akida 2.0 IP solution, featuring significant technical innovations like Temporal Event-Based Neural Nets (TENNs). This is expected to enhance intelligent processing of multi-dimensional streaming data, crucial for Edge AI growth.

View attachment 55106 Change in Technology Leadership: Peter van der Made, the founder and former CTO, transitioned his role to Dr. Anthony (Tony) Lewis. Dr. Lewis brings extensive experience from HP, Inc. and Qualcomm, Inc., and has an academic and entrepreneurial background in AI and neuromorphic computing.

View attachment 55106 Senior Appointments: The company appointed Mr. Steve Thorne as Vice President of Sales, bringing nearly three decades of experience in AI and data center solutions.

View attachment 55106 Patent Portfolio Expansion: BrainChip secured its 19th patent, US 11,853,862, related to unsupervised detection of repeating patterns in a series of events.

View attachment 55106 Strategic Partnerships and Collaborations:

• Partnership with Circle8 Clean Technologies and AVID Group for developing AI-powered "Smart Bins" for automatic waste sorting and recycling.
• Collaboration with EDGX, a Belgian space tech company, to develop data processing units for demanding environments like space.
• Joint effort with VVDN Technologies to showcase the neuromorphic Edge Box based on Akida technology at CES 2024.

View attachment 55106 Product Developments:

• Introduction of the Akida Edge Box for AI applications in challenging environments, with pre-sale expected in Q1 2024. This product targets various markets like retail, healthcare, and security.
• Partnership for the new Unigen Cupcake Edge AI Server, integrating BrainChip's Akida neuromorphic processor.

View attachment 55106 Capital Call Notice with LDA Capital:

• On 4 December 2023, BrainChip announced a new Capital Call Notice to LDA Capital for subscribing to 25 million shares, aimed at boosting capital reserves in anticipation of increased commercial engagements and customer support needs.
• A third amendment to the Put Option Agreement with LDA Capital was entered on 29 December, allowing for a one-year extension with an option for two additional years. The company must draw down the remaining $2.7M (AUD) and at least $12M (AUD) by 31 December 2024.

View attachment 55106 Financial Update for the Quarter:

• The company ended the December quarter with US$14.3M in cash, down from US$17.8M in the previous quarter.
• Net operating cash outflows were reported at US$3.3M, a decrease from US$4.0M in the prior quarter.
• Cash inflow from customers increased to US$0.78M, compared to US$0.03M in the previous quarter.
• Total payments to suppliers and employees were US$4.2M, lower than the US$4.5M in the previous quarter, attributed to reduced third-party R&D services costs and favorable exchange rates.
• Operating activities included payments totaling US$290,645 to BrainChip’s Board of Directors, covering fees and salaries, and including unused leave benefits paid to Mr. Peter van der Made upon his retirement.
• Financing activities saw a minor cash inflow of US$0.02M from the exercise of stock options under the Long-Term Incentive Plan (LTIP).

And the belated icing on the patent cake is application US2023250093 for Akida 2's TeNNs, published on 20231228 with a priority of 20220622. The initial International Search report did not find any earlier documents which would affect the patent claims.

 

[DingoBorat]

Good cash in 780k but not getting excited cos receivables at 30 jun were 750k, and only 27k collected september, so most could be collecting the old stuff. so will wait until the yearly report to see how much new revenue in this 6 months. Back of envelope says 30k new revenue collected only.

That's a little disappointing if correct, but not unexpected.
The only real increase I was expecting, was if MegaChip's sold some more IP licences.

It's a good enough increase "on the face of it" to keep some of the cry babies happy though..

What's impressive, is how much is going on with the Company's development and commercialisation efforts.

There is and "seems" to be so much happening.

Things are often said at these times, to the effect of "This quarter wasn't so great, but the next one could be a boomer"..

Something the "Hopeful" cling to I guess? ..

But this current quarter, really does look like something to look forward to, the results of..
And then every following quarter!

Like Sean said, this is a crucial year for BrainChip and one in which very tangible results, will begin to be seen, in my opinion.

 

[7für7]

I acknowledge that the announcement indicates some progress. It might not be a giant leap, but it shows that work is being done. A standard development for a startup until a breakthrough occurs. Honestly, I had set my expectations even lower. I am satisfied. It's progressing

 

[Fact Finder]

That's a little disappointing if correct, but not unexpected.
The only real increase I was expecting, was if MegaChip's sold some more IP licences.

It's a good enough increase "on the face of it" to keep some of the cry babies happy though..

What's impressive, is how much is going on with the Company's development and commercialisation efforts.

There is and "seems" to be so much happening.

Things are often said at these times, to the effect of "This quarter wasn't so great, but the next one could be a boomer"..

Something the "Hopeful" cling to I guess? ..

But this current quarter, really does look like something to look forward to, the results of..
And then every following quarter!

Like Sean said, this is a crucial year for BrainChip and one in which very tangible results, will begin to be seen, in my opinion.

Hi DB

The real commercial applications are being revealed and full admissions made by some of the AKIDA users that they have joined the bandwagon:


Unigen AKIDA Cupcake,

VVDN AKIDA Edge Box,

EDGX about to launch soon,

ANT61 launching soon,

Mywai's Ai platform, and

Circle 8

Brainchip will shortly go from zero to SEVEN commercial use applications being applied in the real world and space.

My opinion only DYOR
Fact Finder

 

[AI_Inquirer]

Couple of recruiters presenting the same job, by the looks of it. Draw your own conclusions regarding GSK.

 

[Quiltman]

Good cash in 780k but not getting excited cos receivables at 30 jun were 750k, and only 27k collected september, so most could be collecting the old stuff. so will wait until the yearly report to see how much new revenue in this 6 months. Back of envelope says 30k new revenue collected only.

Yep, as you say, we cannot see any orders invoiced in the quarter, only receipts.
And I don't know payment terms on Akida IP .... but as a customer I would want to lock away the licence/IP to securely facilitate product development, but would want to defer payment as long as possible - preferably until my product was about to begin generating revenue.

So we need the Annual Report to get a gauge on sales, which was released 24th Feb last year.

 

[rgupta]

Brilliant quarterly update. $780k is a decent improvement in revenue

Can someone deny here that a couple of hundred thousands is from renasas royalties as well ?

 

[Damo4]

Cash receipts are not the same as revenue.
I know it's easy to say revenue but the difference is significant.
Shouldn't have to say this every time a 4C is released.

Edit: Oops that reads as quite frustrated, I just meant revenue may be present in the qtr that isn't on the 4C and that's expected.

 

[Xhosa12345]

Cash receipts are not the same as revenue.
I know it's easy to say revenue but the difference is significant.
Shouldn't have to say this every time a 4C is released.

thats why i quickly post after a 4c damo, i dont post much anymore, but quickly do the reconciliation back to the actual numbers to hopefully help those that dont get the differences.

ill do the 6 month workings after the release of the annual report also in february.

starting to think share investing platforms should have disclaimers like the TAB and sportsbet now does:

the helpline would be handy too

 

[David holland]

Could someone pls tell me off the top of there heads annually the costs moneywise to run Brainchip , I want to know how much revenue is needed to make a profit

 

[Damo4]

Could someone pls tell me off the top of there heads annually the costs moneywise to run Brainchip , I want to know how much revenue is needed to make a profit

From memory it's at least $20 a year.
Next question.

 

[IloveLamp]

Could someone pls tell me off the top of there heads annually the costs moneywise to run Brainchip , I want to know how much revenue is needed to make a profit

Read the 4c released this morning? It's all in there

 

[Townyj]

Could someone pls tell me off the top of there heads annually the costs moneywise to run Brainchip , I want to know how much revenue is needed to make a profit

 

[skutza]

thats why i quickly post after a 4c damo, i dont post much anymore, but quickly do the reconciliation back to the actual numbers to hopefully help those that dont get the differences.

ill do the 6 month workings after the release of the annual report also in february.

starting to think share investing platforms should have disclaimers like the TAB and sportsbet now does:


View attachment 55117

the helpline would be handy too

Well if you are a trader then maybe? One is a gambling site the ASX is suppose to be for investing. While gambling on stocks happen, it's a sure fire way of losing, most do. Investing is doing research and then deciding if you want to hold it and for how long. However if there is a trend in either direction, an astute investor may buy or sell in small caps as they often have spikes and lows. As seen with BRN. Overall I was happy to see the revenue. I would like to see where it came from however.

 

[KKFoo]

Good 4c, continue to top up..