BRN Discussion Ongoing

[Guzzi62]

Thank you, question then.
How does FF get to his thinking of $40 per share ?.

I suggest you ask him, seems very optimistic to me.

1 billion in earnings: 1000 X 46/2.5= 18.4

So we need 2+ billion in earnings to get to $40 using a very high P/E ratio as Nvidia's.

Yes, a pie in the sky indeed currently, but if the sale explodes as predicted by some, not impossible I guess.

It's only some Sunday fun, please do your own DD.

 

[smoothsailing18]

Unfortunately this calculation doesn't take into account any dilution as a result of additional cap raises.

Bottom line is we need MAJOR REVENUE INFLOW to protect our share price / prevent further dilution.

With current burn and cash levels, BrainChip is likely to require another capital raise within the next 9–12 months to maintain operations and fund commercialisation efforts, which would ultimately push us further away from that target range of $2-3 by 2029.

Hopefully we see substantial income from the various projects that we know will be launched next year.
That will change everything.

 

[ChipMan]

TRUMP FAFO

 

[Guzzi62]

Unfortunately this calculation doesn't take into account any dilution as a result of additional cap raises.

Bottom line is we need MAJOR REVENUE INFLOW to protect our share price / prevent further dilution.

With current burn and cash levels, BrainChip is likely to require another capital raise within the next 9–12 months to maintain operations and fund commercialisation efforts, which would ultimately push us further away from that target range of $2-3 by 2029.

But I did?

If you re-read my first sentence, I set the outstanding shares to 2.5 bill to adjust for dilution? That's almost 400 million over current level.

 

[Bravo]

But I did?

If you re-read my first sentence, I set the outstanding shares to 2.5 bill to adjust for dilution? That's almost 400 million over current level.

Ah, yes. I see now. My apologies! Your forecast accounts for potential dilution from one or two capital raises between now and 2029.

Given the current burn rate of approximately $20M–$25M per year and the limited level of recurring revenue, it's possible that two to three additional raises may be required, unless there’s a significant acceleration in commercialisation, which I sincerely hope we begin to see soon.

Obviously, the key sensitivity remains revenue growth and BrainChip’s ability to successfully convert partnerships into meaningful licensing agreements and royalty streams.

 

[miaeffect]

I suggest you ask him, seems very optimistic to me.

1 billion in earnings: 1000 X 46/2.5= 18.4

So we need 2+ billion in earnings to get to $40 using a very high P/E ratio as Nvidia's.

Yes, a pie in the sky indeed currently, but if the sale explodes as predicted by some, not impossible I guess.

It's only some Sunday fun, please do your own DD.

Who wants to join my $40 party?

 

[Food4 thought]

Who wants to join my $40 party?
View attachment 87447

Personally I’d be very happy with anything above $ 1.00 or if we get 1% of the market at a minimum

 

[Diogenese]

Is there a time line to market for these cybersecurity BRN devices ?.

QV are showing an Akida 1 PCIe board.

I don't know if there will be a new production run of Akida 1 or when there will be a production run of Akida 2. Without production runs, there is limited scope for manufacture of devices containing Akida.

 

[smoothsailing18]

QV are showing an Akida 1 PCIe board.

I don't know if there will be a new production run of Akida 1 or when there will be a production run of Akida 2. Without production runs, there is limited scope for manufacture of devices containing Akida.

For the layman please, Is it possible they may use our IP only and don’t require boards at all for the wifi routers we are discussing , or do they need to place an order with BRN for one of the options of Akida boards ?. Ether way how will the shareholders be informed, financials only ?.

 

[Fullmoonfever]

Nice to see even non partner tertiary educators recognising the value of including Akida in their topics as an intro for students and professionals.

Maybe BRN should approach them to also offer hardware / simulator / algo assistance?

Snipped our topic within the SNN workshop.

AI Technology Workshop Series: Spiking Neural Networks

www.ucsc-extension.edu

AI Technology Workshop Series: Spiking Neural Networks | AISV.817_W14​

Welcome to our immersive AI technology workshop series. During these sessions you will be introduced to new and established AI tools that will help you create and manipulate content in new and powerful ways. Each session is led by an industry expert who will guide you through the material and share its real-world implications.
Learning Outcomes
At the conclusion of the workshop, you should be able to

• Describe and discuss the fundamental principles of Spiking Neural Networks (SNNs), including spike-based data representation, key neuron models (e.g., Leaky Integrate-and-Fire), synaptic operations, the current state-of-the-art in neuromorphic hardware, and the realistic short-term and long-term potential of SNNs in the broader AI landscape.
• Explain the differences between Spiking Neural Networks (SNNs) and traditional Artificial Neural Networks (ANNs), articulating the motivational factors for SNN adoption such as energy efficiency and event-driven computation.
• Demonstrate an ability to properly and effectively implement simple SNN applications (e.g., the XOR problem and a more complex use case) using tools like Nengo, understanding how information is encoded and processed through spike trains, and applying different training approaches for SNNs while contrasting them with traditional backpropagation and evaluating the challenges and opportunities in SNN learning.

Topics Include

• The Neuromorphic Landscape: Introduction to key neuromorphic hardware (e.g., Intel Loihi, BrainChip Akida), their architectures, and real-world case studies.

UCSC Silicon Valley Professional Education, the leading workforce educator in Silicon Valley, is the only accredited institution in the area to offer University of California-quality courses designed by experienced instructors who are actually working in their field.​

Our Students​

• New college graduates needing practical skills
• Professionals looking to update skills
• Specialists changing direction
• People seeking accreditation, permits, continuing education units, exam preparation, curriculum for licensure
• International students seeking a Silicon Valley experience
• Lifelong learners interested in studying with industry experts in the heart of Silicon Valley

 

[Diogenese]

For the layman please, Is it possible they may use our IP only and don’t require boards at all for the wifi routers we are discussing , or do they need to place an order with BRN for one of the options of Akida boards ?. Ether way how will the shareholders be informed, financials only ?.

Our main business plan is to licence the IP. BRN does not plan to be a chip supplier, so anyone planning to use Akida would need to either licence the IP themselvbes or to obtain chips from a licencee. At the moment, we are drawing down our stock of already manufactured chips. Someone suggested that there were about 75,000 chips.

Licencees may either make the Akida chips as individual ICs, or they may integrate the Akida IP with other hardware including CPUs, GPUs, or sensors.

The Akida IP does need a 3rd party CPU/GPU/MCU for configuration (number of layers/NPUs per layer/layer interconnexions/weights/...).

Akida 3 will have additional flexibility because of its programmable architecture.

 

[Slade]

As a BrainChip investor, I really don’t think I should have to pay extra just to get more information thanks.….

WHERE IS MY MONEEEY!!??!!

Yes, show us the money
I’m running out of VB

 

[Diogenese]

I love your scalpel-like wisdom.

me
View attachment 87410
cosors

In vino veritas.

 

[Schwale]

I think we have a very good chance of eating the pie once we move from the ASX as Sean states he wants to be the leader in neuromorphic , as Nivida is with the following % of their market.

Sean should put some runs on the ASX board first before moving to the US market then he can chase any dream or goal and "be the leader in neuromorphic"

 

[Pom down under]

Who wants to join my $40 party?
View attachment 87447

Happy to join the 0.40 party

 

[manny100]

$2.7USD if we stay on ASX.
$40USD if we successfully redomicile to the “sky is the limit” US.

Another way of looking at it:
NVIDIA has around 24.4 billion shares on issue and a market cap of $US3.52 trillion. Current share price of $US143.85
BRN has around 2.03 billion shares on issue and market cap of $A415.277 mill.
Obviously no comparison.
But if NVIDIA only had 2.03 billion shares on issue (as per BRN) it would trade at $1729. At say 64 cents exchange rate = circa $A2,701 per share.
The moral to this story is if the market grows exponentially and we remain the leader don't sweat to much over dilution.
Even if we double or more our SOI and we see huge future growth we should do ok even as a tiddler compared to NVIDIA.

 

[manny100]

"The AFRL contract award, under the topic number AF242-D015, is titled “Mapping Complex Sensor Signal Processing Algorithms onto Neuromorphic Chips”. The Small Business Innovation Research (SBIR) contract is a development effort expansion after a successful demonstration of radar processing algorithms running on BrainChip’s Akida™ commercial off-the-shelf (COTS) neuromorphic hardware"
Link: BrainChip Awarded Air Force Research Laboratory Radar Development Contract - BrainChip
Topic | SBIR
The above link provides details from SBIR regarding the contract.
Mapping Complex Sensor Signal Processing Algorithms onto Neuromorphic Chips
The above link contains more detail. It describes the secrecy involved, Its skipped phase 1 and straight to phase 2.
From this article its easy to see that this is the start (along with Bascom Hunter and the Navy) of the Defence transition to Neuromorphic Edge AI.
Well worth a read - actually a compulsory read.

 

[DingoBorat]

It is a specialist product so it needs such a hub otherwise developers would walk away.
I wonder how long this has been under development prior to the recent release.
I hope it was one of Sean’s first task when he took the CEO position. Ether way great to see and looking forward to the future overall.

Seems like a knee-jerk reaction to Qualcomm's acquisition and subsequent strangling of Edge Impulse's AKIDA development environment?..

 

[itsol4605]

Nice article about neuromorphic computing.
What is missing: Brainchip Akida

The Future of Neuromorphic Computing

Introduction: Bridging the Gap Between Brain and Machine

medium.com

 

[manny100]

Interestingly Basom Hunter signed a contract in Dec'24 to procure $100k worth of AKIDA 1500 chips - see Dec'24 Quarterly.
2924-02906099-2A1574972&v=04711220c3a57065317ba4efca4a3459a4e46882
Bascom Hunter have a number of SBIR projects on at the moment. One project of interest started in 2022 and has been extended to $25.8 mill.
SBIR Satellite Terminal (transportable) Non-Geostationary (STtNG)
https://www.highergov.com/contract/N6833522C0473/"
Analysis Notes
Forecast Listed as the incumbent award in contract forecast STtNG Inc 3 Production Contract - Admin (C).
Amendment Since initial award the Potential End Date has been extended from 01/31/24 to 06/30/25 and the Potential Award value has increased 9% from $23,767,034 to $25,800,818.
STtNG is a new U.S. Navy shipboard carry-on unclassified satellite communications terminal that will be capable of operating over non-geostationary satellites. These satellites will include, eventually, proliferated Low Earth Orbit (PLEO) systems, such as SpaceX Starlink and Amazon Kuiper, Medium Earth Orbit (MEO) systems, such as SES O3b Classic and SES mPOWER, Highly Elliptical Orbit (HEO) systems, such as Space Norway HEOsat, and inclined Geosynchronous Earth Orbit (GEO) systems, such as Inmarsat I5 military-Ka band satellites. STtNG is expected to operate on any U.S. Navy surface ships, can be cross-decked from one surface ship to another and made operational within days. STtNG may also operate at Navy shore facilities. Future versions of STtNG are expected to be used in submarines and on aircraft. STtNG must be capable of both acquiring and maintaining satellite communications links from the decks of Navy surface ships while those ships are in high sea states that produce significant pitching, rolling, and yawing motions of the ship while underway. Based on combining the simultaneous future three-link capability of the Isotropic Ka-band terminal with a single Starlink Ku-band terminal and an Iridium link, one STtNG terminal will be capable of maintaining five simultaneous satellite communications links. The carry-on capability of the STtNG dictates that each STtNG subsystem be of a size and weight that it can be moved by two individuals without the need for motorized or special equipment to transport the terminal subsystems. The design and construction of the STtNG terminal will incorporate graceful degradation as components fail. The Isotropic Systems terminal provides unmatched flexibility for connectivity and communications within the Ka commercial and mil-Ka bands. The Isotropic terminal is a low-profile electrically-steered antenna that leverages a novel RF Lens Array technology for reducing power consumption and enabling multiple simultaneous links to multiple satellites in any orbit. Crucially, enabling a second link does not reduce the performance of the first link, and both links support the same full performance when operated in either single- or dual-link modes. The Isotropic terminal is an integrated SATCOM terminal, with embedded frequency conversion, amplification, power supply, and antenna control unit, and also allows for modems to be field-installed within the terminal to reduce the challenge of wiring and integration during installation and commissioning.Research ObjectiveThe goal of phase II is to continue the R&D efforts initiated in Phase I. Funding is based on the results achieved in Phase I and the scientific and technical merit and commercial potential of the project proposed in Phase II.