Brn - brainchip holdings

[moka]

Price closed at $1.76 today, up 10.5c, 6.3% on 47m, $84.5m.

Another patent issued.

https://stocknessmonster.com/announcements/brn.asx-2A1354364/

BrainChip Awarded US Patent for Accessing Learned Functions in an Intelligent Target Device
• Patent US 11,238,342 “Method and a System for Creating Dynamic Neural Function Libraries” is the 9th foundational patent issued to BrainChip
• Latest patent award further cements BrainChip’s technology advantages in the area of neuromorphic artificial intelligence.

"By being granted another patent from the USPTO, we are able to signify to our customers and partners that the technology we have developed is at the forefront of revolutionizing AI at the edge in ways that previous attempts have not been able to achieve."

BrainChip’s patent portfolio now comprises 8 US and 1 Chinese granted patent. BrainChip has recently expanded international patent filings with a total of 21 patent applications currently pending in the US, Europe, Canada, Japan, Korea, Australia, Brazil, Mexico and Israel.

The title of this patent has been inherited from US 10,410,117 but would be better represented by the title of US 8,250,011 “Autonomous Learning Dynamic Artificial Neural Computing Device and Brain Inspired System.”

[pedro.nz]

Sydney – 03 February 2022: BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF& BCHPY), the world’s first and only commercial producer of neuromorphic artificial intelligence chips, today announced that its ordinary shares have been approved for eligibility by The Depository Trust Company (DTC), making it possible to settle trades electronically in the United States among broker/dealers and the Company’s US transfer agent.
DTC is the largest securities depository in the world, holding more than US$35 trillion worth of securities. Being DTC eligible allows BrainChip’s shares to be traded between member firms electronically via its “street name” without buyers and sellers needing to transfer physical certificates to settle trades. This process dramatically reduces costs associated with trading securities while improving the ease of trading and liquidity of the Company’s securities.
“We view being DTC eligible to be a tremendous value add for our shareholders as it significantly minimalizes barriers to trade by enabling brokers and dealers to quickly and easily exchange shares through the depository,” said Ken Scarince, BrainChip Chief Financial Officer. “Having additional real-time electronic trading options helps ease the volatility of transactions, enables higher trade volumes and offers lower trading fees. This is the latest in a series of moves we have made to increase the visibility and attractiveness of our stock to various investors around the world.”
The Company launched an American Depositary Receipt (ADR) program in November of last year as an instrument aimed at attracting US institutional investors. This allowed the Company to have ADSs (with each ADR representing 40 ordinary shares of BRN) to trade in US dollars on the OTCQX. This process closely followed the Company’s upgrade to the OTCQX Best Market earlier in 2021

[moka]

Closing price today $1.59 down 17c, 9.7%, on 28m, and $46.6m, so lower than usual volume.

An article with a negative slant about Brainchip. Apparently there have been lots of them recently.

One issue about continuous disclosure is that their product is a component of a product like a phone or computer that is produced by other companies. So much of the information and decisions are out of their control, especially when it will be IP revenue. And there are lots of Non Disclosure Agreements – possibly 25 or more. We don’t even know how many.

https://themarketherald.com.au/brainchip-asxbrn-tech-tech-boom-but-continuing-concerns-around-continuous-disclosure-2022-02-02/

“BrainChip (ASX:BRN): Tech, tech, boom! But continuing concerns around continuous disclosure.

Since 2015 their end goal has always been commercialising, producing and selling their AI technology. But also since then, they’ve have made very minimal revenue, compared with their exorbitant expenses.

For instance, up until 2020, BRN has recorded a mere US$1.5 million of revenue, compared with combined losses of more than US$100 million. And in those same 5 years, they spent over US$17 million dollars on research and development costs alone – significant costs into technology which hasn’t yet been proven to be commercially viable or widely adopted.

Looking at their latest annual results for 2020, their revenue for the year was only US$121,000. Yet their expenses were over a whopping US$11 million. Their losses before tax were more than double that of the previous year.”

[moka]

In the last Top 20 Security Holders report BNP PARIBAS NOMINEES PTY LTD ACF CLEARSTREAM 64,407,769 holds 3.757%.

https://stocknessmonster.com/announc...asx-2A1352918/ Top 20 securityholders

BNP Paribas Securities Services on behalf of Clearstream buys BRN shares on the ASX, and allows investors in Europe to buy them on their local markets. So if I understand this correctly 3.57% of shares are held or will be held by offshore investors and are no longer trading on the ASX. This is a clear indication of the global interest in Brainchip, especially by those who are tech savvy and understand the technology.

https://securities.cib.bnpparibas/clearstream-mandates-bnp-paribas-securities-services-as-its-local-sub-custodian-in-australia-and-new-zealand/

Clearstream, Deutsche Börse’s post-trade services provider, has mandated BNP Paribas Securities Services to provide local sub-custody services in Australia and New Zealand.

This mandate further extends the relationship between Clearstream and BNP Paribas Securities Services, which already includes local clearing and custody across the Euronext and Turkish markets.

By adding BNP Paribas Securities Services as local sub-custodian, Clearstream will continue to provide services in Australia and New Zealand, as part of its international network, through which market participants have access to investment opportunities across 58 markets worldwide. Via its Clearstream Australia subsidiary, international and domestic investors also receive support and access to Australian and international investment funds.

About Clearstream

As an international central securities depository (ICSD), headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 58 domestic markets worldwide. With 15 trillion Euros in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.

[moka]

Podcast tomorrow 9 February at 1pm NZ time
BrainChip Podcast Returns with CEO Sean Hehir.
The podcast debuts February 8 at 4 p.m. PST on BrainChip’s website and across popular podcast platforms.

https://finance.yahoo.com/news/media-alert-brainchip-podcast-returns-223000806.html

Closed today at $1.66 up 2.5c on lower volume of 15m, $25M

[moka]

Brainchip Podcast Episode 13 – A Discussion with CEO Sean Hehir

https://www.youtube.com/watch?v=GUsve0KGmR0

He says “the technology really is unique, we have something unique, we need to get the word out. The vision I have for the longer term is that we become the defacto standard. There is no reason why we cannot be the predominant standard for edge AI in the coming years.”

[moka]

Closed at $1.665 today up 1.5c on 31m and $52m, so volume almost double that of the previous two days.

https://thewallstreetresource.com/webcasts/

Interview with CEO Sean Hehir.

At 14 min he is asked “so should we start to see revenue ramp this year?”
He hesitates before replying “We are expecting revenue this year for sure.” In interviews last year revenue was not expected to ramp until next year, 2023. They are expecting some revenue in 2H 2022.

Sean said “most new technology, such advanced technology, it takes time to work its way through the organisations that are going to consume it. It’s so new and so advanced that it takes time for them to get comfortable with it. If you are the leader of the pack you have to do a fair bit of education, and help people understand the use case, it’s that much harder versus traditional technology.

“We look for industries that are in change, in competitive situations, and transformation. Every auto industry in the world is in change after what Tesla has done with electric vehicles. So that is going to be a driver for Brainchip. Industries that need really cutting-edge technology, that is what Brainchip is looking for. Medical, industrial, and automobiles very rapid change. Drones as well.
Anything that is changing quickly those are the industries that we see adoption.

It can be a long sales cycle. Intellectual property, the business model is similar to ARM, we sell licences and that will be followed by royalties. The sales cycle for intellectual property can be somewhat long but once you get in, you’ve sold the licence which is a revenue stream, but royalty is where the real ramp can come.

I want to impress upon the uniqueness of this. There is literally nothing like this in the market today. It is that transformational, and some of the most forward-thinking companies and governments in the world are looking at this and testing and trying it, and in some cases buying it.”
Pay attention to the shift in data centre models from classic to the edge. That is something that is happening very, very quick.

[Sparky669]

Another sad day for BRN, down 8% to 1.29, just like its siblings in the OTC market. Any holders out there? I need few bottles of beer to get over of this.

[Aotea]

BRN's day in the sun will come. Down 8% to 1.29 is OK if your average buy in is 21c but its not flash if you bought at $2

[Sparky669]

BRN's day in the sun will come. Down 8% to 1.29 is OK if your average buy in is 21c but its not flash if you bought at $2

not flash at all on my acc., bought at 1.76, hopefully the SP can stablise so that I can even down the cost for a little bit.