On 25 January Brainchip released Appendix 4C & Quarterly Activities Report for the Period Ended 31 December 2023.

https://cdn-api.markitdigital.com/ap...5533-2A1501244

• Cash Balance as of 31 December 2023 US$14.3M
Cash inflow from customers in the current quarter of US$0.78M was higher than the prior quarter (US$0.03M).

On 4 December, the Company announced the appointment of Mr Steve Thorne as Vice President of sales to help the Company fulfill its mission to make every device with a sensor AI-smart. Mr Thorne is a senior sales and marketing executive with nearly three decades of experience in AI and data centre solutions. He comes to BrainChip from Habana Labs, an Intel company, where he served as Head of Sales for AI processor.

In October, BrainChip announced a strategic partnership with Circle8 Clean Technologies and AVID Group to develop “Smart Bins” that can automatically sort and recycle different types of waste through a combination of AI-powered sensors and robotics.

October also saw the BrainChip announcement of a collaborative agreement to develop data processing units for very demanding environments with EDGX, a Belgian space tech company focused on developing disruptive intelligent space systems.

In December, BrainChip announced that the first neuromorphic Edge Box based on Akida technology, built in collaboration with VVDN Technologies, a premier electronics and manufacturing company, would be displayed at CES 2024, 9-12 January in Las Vegas.

BrainChip also announced a strategic partnership to deliver a new configuration of the recently released Unigen Cupcake Edge AI Server, a new compact and powerful solution based on BrainChip’s Akida neuromorphic processor.

Re cash inflow of US$0.78M - in the Financial Report For the Half-Year ended 30 June 2023 Trade receivables were $754,990, so sales could be as low as 25K. The Annual Report due out at the end of this month.

https://cdn-api.markitdigital.com/ap...2641-2A1469213