CHIPS
Regular
You better delete your post yourself because you might be punished for it by the forum's admin. This is not how we talk to each other here (even though you are right).
BRN Discussion Ongoing
- Thread starter TechGirl
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You better delete your post yourself because you might be punished for it by the forum's admin. This is not how we talk to each other here (even though you are right).
Pom down under
Top 20
Probably LDA flooding the buy side to get a better price?
The talk is around the fact that at the AGM, Antonio stated that the "goal" for Sean in Bookings for 2025 is $9M. This is something new for BRN, as in the past they have never actually told shareholders what the dollar value of the various goals were..
So take 2024 in the table below for Sean's "Target" bookings, if he did not achieve the goal, he still got 50% of his bonus, if he met the target he got 100% of his bonus, but shareholders did not know the dollar value of his bookings target (for Sean or any one else receiving bonuses).
So telling shareholders at the ATM that it is a $9M revenue target for Sean for 2025, is something new for BRN.
Just incase you didn't know as you mentioned you're new to this, a Booking is any paid or legally binding commitment to purchase goods and/or services from the company.
Which part makes me a dumb arse? I personally don't see a significant continual revenue stream until at least mid 2027. Where do you believe strong revenue is going to come from in the next 12 months?
I also thought Sean seemed noticeably less confident in this year’s AGM compared to last year. It almost feels like the lack of any major licensing agreements has revealed that things are more challenging than they initially anticipated.
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JB49 don't know if you were at the AGM or watched it online, but the roadmap before the AGM presented by Dr Tapson is really worth watching (not sure if it's out yet). I thought his presentation was the best part of the day. He was genuinely excited, and I think if you listed to this, you'll get some good things out of it.
Yes, I watched both the AGM and Dr. Tapson's roadmap presentation. I agree that the team is genuinely excited about Akida 2 and future iterations. The potential of the Akida is huge, and I definitely believe in what it can achieve, thats why I'm heavily invested. However, from a commercial revenue standpoint, the outlook remains unclear over the next 12-18 months.
The enthusiasm within the company for the product technology is clear, but translating that into market traction seems to be a much more complex process than initially anticipated. And thats what I could sense from management in the AGM. They are frustrated. They are frustrated because they know they have an amazing product, but one that is taking a lot longer for the market to start adopting it. And thats where I feel the lack of confidence was stemming from. Hence why I'm suggesting that we should start seeing commercial success from 2027-2029. If that makes me a dumb arse then so be it. But I prefer to be realistic.
Chipman - let me know where you think significant revenue is coming from before 2027. Keen to hear your thoughts.
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Interesting theme 1st half of 2022, I wonder what else might appear soon.
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brainchip.com
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AusEire
Founding Member.
Tbh I dunno if there's ever been any clarity on the outlook surrounding revenue?
I was at the presentation and the AGM and from my interactions with with mostly Antonio his excitement is pretty obvious. I'll concede that he has been excited every year but there was something different about his excitement this year. Maybe I'm reading him wrong but that's the general feeling I got from the guy. I did speak to Sean but it was mostly small talk as he had about 4/5 shareholders quizzing him continuously for for 15/20 after the meeting had finished.
On another note I pressed Antonio on the issue of the company blocking access to the shareholder register. He was completely blindsided by that issue and was genuinely not aware that there was an issue. I'm going to email him this weekend and give him a full rundown on events. 2 other shareholders were present when I quizzed him and both shared my anger and concerns on the issue. He said once I email him that he will investigate what happened and why(we know why). If his answer satisfies me I'll post it here or if I feel it's just a response to get rid of me then I will call him
I pre warned him on that
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No not dumb arse at all.
We're all entitled to our opinions and you've raised valid points, as we've seen no significant revenue so far!
Jacob Kiraz
Member
Thanks for your explanation and time
Under the Heading: The future is TENNs, our advanced state space model"
Listed on achievements was:
" We began the development and started to release the first wave of 12 TENNs models with more on the horizon"
I am aware of aTENNuate and TENNs- Pleaides so there is a lot still to be released.
Also,
" Before our next AGM our technical teams will achieve a ground braking milestone: the launch of the industry's first AI accelerator for State-Space models (SSM)"
Leader of the pack.
Listed on achievements was:
" We began the development and started to release the first wave of 12 TENNs models with more on the horizon"
I am aware of aTENNuate and TENNs- Pleaides so there is a lot still to be released.
Also,
" Before our next AGM our technical teams will achieve a ground braking milestone: the launch of the industry's first AI accelerator for State-Space models (SSM)"
Leader of the pack.
Falling Knife
Regular
Lumi still offer the roadmap presentation if you cant wait for the release on the website.
BrainChip Technology Roadmap Presentation
It seems like the 'engine bay' is NOW ready for customers to play with, tweek and test out our wares in relation to their products.
Availability of model support and simpler set up will facilitate faster processes for the end user.
We seem to have been feeding them fish until now, we are offering them to learn how to fish going forward. Less 'hand holding'.
9 million bookings this year for the CEO as a KPI will be a good thing to see.
One might think employees are set achievable targets some might receive stretch targets I hope this is the former.
One would think 9 million is small change for this kind of tech but any money entering might be the ignition source we need.
I'm looking forward to seeing the changes to the web site which were also mentioned.
From cold dead hands I remain
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Company overhauls product roadmap, targets sustainable revenue growth, expands patent portfolio.
Share Cafe summary of the AGM
BrainChip Eyes Edge AI Market Dominance - Sharecafe
"BrainChip Holdings Ltd (ASX:BRN) is strategically positioning itself to become a dominant force in the Edge AI market. At the Annual General Meeting, Chairman Antonio Viana and CEO Sean Hehir outlined the company’s ambitious plans for 2025 and beyond, emphasizing a robust product roadmap, increased commercial success, and a commitment to innovation. After acknowledging past inflexibility, BrainChip has overhauled its product offering, now boasting a suite of products designed to adapt to changing market conditions. The company has seen more engagements in the past five months than ever before, driving confidence in future bookings. A potential redomiciling is being investigated, with shareholders to decide on the best course of action.
CEO Sean Hehir highlighted the increasing demand for Edge AI solutions, fueled by the transition of Generative AI from data centers. BrainChip is focusing on State-Space Models (SSMs), particularly Temporal Event-based Neural Networks (TENNs), to establish leadership in Edge applications. The company secured four new patents and filed 16 additional ones related to TENNs.
Key achievements in the past year include partnerships with the Air Force Research Labs and Frontgrade Gaisler, along with collaborations with Onsor and Chelpis. The Akida Generation 2 platform has been enhanced to support a wider range of industry models, and the MetaTF framework has been streamlined to simplify customer model characterization. BrainChip aims to increase contract closure rates and values in 2025, targeting opportunities in LLMs, end-to-end audio, and object detection. The company is also developing Akida 3, a next-generation IP architecture designed for future model types and challenges. A new website and developer-focused companion site are set to launch, alongside increased marketing efforts. BrainChip believes the industry will consolidate to a handful of leading Edge AI providers, solidifying its position with each commercial win and product innovation."
Share Cafe summary of the AGM
BrainChip Eyes Edge AI Market Dominance - Sharecafe
"BrainChip Holdings Ltd (ASX:BRN) is strategically positioning itself to become a dominant force in the Edge AI market. At the Annual General Meeting, Chairman Antonio Viana and CEO Sean Hehir outlined the company’s ambitious plans for 2025 and beyond, emphasizing a robust product roadmap, increased commercial success, and a commitment to innovation. After acknowledging past inflexibility, BrainChip has overhauled its product offering, now boasting a suite of products designed to adapt to changing market conditions. The company has seen more engagements in the past five months than ever before, driving confidence in future bookings. A potential redomiciling is being investigated, with shareholders to decide on the best course of action.
CEO Sean Hehir highlighted the increasing demand for Edge AI solutions, fueled by the transition of Generative AI from data centers. BrainChip is focusing on State-Space Models (SSMs), particularly Temporal Event-based Neural Networks (TENNs), to establish leadership in Edge applications. The company secured four new patents and filed 16 additional ones related to TENNs.
Key achievements in the past year include partnerships with the Air Force Research Labs and Frontgrade Gaisler, along with collaborations with Onsor and Chelpis. The Akida Generation 2 platform has been enhanced to support a wider range of industry models, and the MetaTF framework has been streamlined to simplify customer model characterization. BrainChip aims to increase contract closure rates and values in 2025, targeting opportunities in LLMs, end-to-end audio, and object detection. The company is also developing Akida 3, a next-generation IP architecture designed for future model types and challenges. A new website and developer-focused companion site are set to launch, alongside increased marketing efforts. BrainChip believes the industry will consolidate to a handful of leading Edge AI providers, solidifying its position with each commercial win and product innovation."
Antonio has previously implied that a single deal may turn us into a profit generating company but obviously it doesn't look like it will happen any time soon... (given Sean's target is 9Mill and give that figure was decided considering current engagements)...Tbh I dunno if there's ever been any clarity on the outlook surrounding revenue?
I was at the presentation and the AGM and from my interactions with with mostly Antonio his excitement is pretty obvious. I'll concede that he has been excited every year but there was something different about his excitement this year. Maybe I'm reading him wrong but that's the general feeling I got from the guy. I did speak to Sean but it was mostly small talk as he had about 4/5 shareholders quizzing him continuously for for 15/20 after the meeting had finished.
On another note I pressed him on the issue of the company blocking access to the shareholder register. He was completely blindsided by that issue and was genuinely not aware that there was an issue. I'm going to email him this weekend and give him a full rundown on events. 2 other shareholders were present when I quizzed him and both shared my anger and concerns on the issue. He said once I email him that he will investigate what happened and why(we know why). If his answer satisfies me I'll post it here or if I feel it's just a response to get rid of me then I will call him
By any chance, have you or anyone else managed to ask Antonio why he suggested during the AGM that they never specifically said it is the "US" that they are considering to redomicile? Even though the asx market sensitive announcement specifically said US..?
You’re kidding me mate. How many times you going to ask others to do your research. Don’t you read the posts on the thread. Surly you understand the question you have asked is one and the same. I find it very comical what you’re trying to achieve, bordering on stupidity. FYI Muppets are on Seaseme Street tomorrow morning. Go PIES.
Jacob Kiraz
Member
It's a forum mate,
I asked a question and someone was nice enough to answer myself,
I was at the AGM And I didn't quite get it so what,
Forums should be friendly and informative
A pr
For example BRN has developed a prototype AKIDA model for TENNs/LLMs that should be ready in 12 months. That is huge especially when you consider Pico runs off TENNs.
Why would you focus on the apparent 'gaffe'. Everyone makes them. Seems 'small picture' In relation to the business there is so much going on.
For example BRN has developed a prototype AKIDA model for TENNs/LLMs that should be ready in 12 months. That is huge especially when you consider Pico runs off TENNs.
Agreed. There shouldn't be any expectation at the very early stage for a disruptive tech company. Even 2034/35 seems a bit too early to expect any steady stream of revenue. I am happy to add another 5 of 6 years on top of that to give them a chance to double the current share price.
Akida everywhere
Not advice as always.
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