Brn - brainchip holdings

[moka]

BrainChip Wine Tasting. In this video, BrainChip demonstrates for the first time a live application of the Akida1000 accurately tasting different types of wine.

Lots of other videos on the Brainchip Youtube channel. https://www.youtube.com/channel/UCCB...Hj9cgpFu96t_Ng

[moka]

Brainchip bucked the trend on Friday.

https://www.news.com.au/finance/markets/australian-markets/australian-sharemarket-tumbles-as-tech-stocks-follow-nasdaq-slump-finishes-week-08pct-lower/news-story/47cbaa231ceb87c891b6cbfb3fc614ff

“Australian sharemarket tumbles as tech stocks follow Nasdaq slump, finishes week 0.8pct lower
Almost every sector dragged the ASX firmly into the red, with tech a major weight, eclipsing the Nasdaq’s big tumble overnight.

“BrainChip continues its strong performance in 2022, up 7.14 per cent to $1.50 in today’s session,” he said.
“The company announced it had submitted a call capital notice to LDA Capital to subscribe for 15,000,000 shares worth approximately $50m.
“Accordingly, gains were up over 25 per cent just after midday until profit-taking kicked in, which led to some selling pressure in the afternoon.
“The stock has more than doubled in the new year and is receiving a lot of buzz around the market.”

Afterpay plunged 9.16 per cent to $69.03 after its US acquirer Block dropped 5.9 overnight.
Fellow buy-now-pay-later provider Zip lost 5.13 per cent to $3.70, while accounting software company Xero retreated 5.05 per cent to $119.11.
Overall, the tech sector was down almost 4 per cent.”

[moka]

On Friday BrainChip Holdings announced new Capital Call Notice under continuing agreement with LDA Capital.

https://brainchipinc.com/brainchip-holdings-announces-new-capital-call-notice-under-continuing-agreement-with-lda-capital/

• Company submits notice to sell 15,000,000 shares
• Total 2022 obligation of $20.3M includes 2021 deferral of $5.3M due no later than
28 February
• Available funding under agreement of $50,318,375

“The proceeds raised from the capital call will be used to expand our go-to-market capabilities as we move the company aggressively into the commercialization phase” said BrainChip CEO Sean Hehir. Mr. Hehir went on to say, “The company will also accelerate our continuous innovation of the groundbreaking Akida technology to ensure we remain the industry leaders in Edge AI.”

[moka]

Brainchip are expecting and planning for growth.
13 jobs advertised on their website. From memory they had only 34 employees in 2019/2020 when they were struggling financially. They let go their sales staff back then. They have since hired new sales people, including Rob Telson as Vice President of Worldwide Sales in August 2021. Prior to BrainChip, Rob had a 14-year tenure at ARM where he was a member of the executive management team and responsible for driving sales growth in North America as well as developing strategic relationships with semiconductor manufacturing partners.

https://brainchipinc.com/careers/

https://www.design-reuse.com/news/48...ide-sales.html

In November they quadrupled U.S. Headquarter Space to Facilitate Growth as Company Accelerates Commercialization.

https://brainchipinc.com/brainchip-quadruples-u-s-headquarter-space-to-facilitate-growth-as-company-accelerates-commercialization/

“Brainchip announced it is moving its U.S. headquarters in California to larger facilities in order to support expected customer growth as the company continues to move toward commercialization of its Akida™ event domain neural processor and comprehensive development environment.

[moka]

Who Is Brainchip (BRN): EXPLAINED
The latest video with a brief summary to explain to those do not know who Brainchip is. Brainchip has had a truly meteoric rise to start 2022. The share price up 100% already this year. Closed at 68c on 31 December. Closed at $1.50 on 14 January.

[moka]

Good volume of 70m shares and $103m today, so a lot of interest. SP closed at $1.48 down 2 cents 1.3%. A rollercoaster ride with a low of $1.335 and high of $1.57. Day traders delight, and shorters trying to push the price down.

[biker]

Good volume of 70m shares and $103m today, so a lot of interest. SP closed at $1.48 down 2 cents 1.3%. A rollercoaster ride with a low of $1.335 and high of $1.57. Day traders delight, and shorters trying to push the price down.

And today?
81m shares, 139m dollars. Closed on its highs @ $1.86 Up 27.5%
Unreal

[RupertBear]

And today?
81m shares, 139m dollars. Closed on its highs @ $1.86 Up 27.5%
Unreal

Mind blowing!

[moka]

Mind blowing!

The smart money is just beginning to realise the potential of Brainchip. No surprise to some of us long term holders. It was just a matter of when not if.
It will probably be included in the ASX200 in March so that will generate more buying, and institutions may be already buying for that.

A block of 2.4 mil shares at S1.70 was wiped out in a few seconds, so some big buyers.

11:42:49 am 11:43:03 am 170 2,349,641 0.5 $3,994,389 85
11:42:45 am 11:42:49 am 169.5 737,610 0.5 $1,250,248 51
11:42:41 am 11:42:45 am 169 384,834 0.5 $650,369 42

[moka]

Brainchip Technical Update and Valuation Comments by Kneppy Invests.

Brainchip current valuation on January 16, 2022 is a rather lofty $2.5 billion for a company that has zilch revenue. But of course, the true valuation of a company is the present value of all future cash flow. So what revenue Brianchip thus far is largely irrelevant. However, because Brianchip is in the early stages of its life, deriving a valuation is nigh on impossible and really anyone is just guessing at this point. And this is the main reason there are so many differing opinions about the company.

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