Brn - brainchip holdings

[Aotea]

Am holding and free-carried. So hard to guess the future of brainchip...very frustrating.

[nomis]

Am holding and free-carried. So hard to guess the future of brainchip...very frustrating.

Hey mate, been following the BRN story (don't hold) since .17c right to its peaks and all the way back down again.
Very difficult to pick its fair value currently, The upside is what keeps me watching.

Might be time to buy a parcel at current levels.

[Aotea]

Always felt they would either be a $20+ share or bankrupt. I guess a takeover is a credible outcome too.

[nomis]

Always felt they would either be a $20+ share or bankrupt. I guess a takeover is a credible outcome too.

Based on $20 thats a $35B market cap...
Currently a cheap TO to a bigger player. Tech & Ai industry I struggle to value, ill keep watching.

[moka]

Brainchip closed at 32.5c on Friday on 4.2m shares.

Half yearly report came out after the ASX closed. The quarterly report in July had receipts from customers of $830,000 for June Quarter, but revenue for half year is only $115,606. The share price fell sharply on overseas markets so likely to be down on the ASX on Monday.
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https://stocknessmonster.com/announcements/brn.asx-2A1469213/

Revenues for the half-year ended 30 June 2023 of $115,606 decreased 98% from $4,831,081 in the same period a year ago, reflecting the volatility of revenues in the early years of commercialisation and noting that several active customers elected to defer their evaluation of BrainChip’s technology until after the expected release of Akida 2.0 in August 2023.

Cash from Financing Activities includes $8,210,972 from the issue of shares to LDA Capital and $957,121 from the exercise of options held by BrainChip LTIP participants.

At the end of the half-year had cash and cash equivalents of $21,824,785 (31 December 2022: $23,165,288).

[Baa_Baa]

Hey mate, been following the BRN story (don't hold) since .17c right to its peaks and all the way back down again.
Very difficult to pick its fair value currently, The upside is what keeps me watching.

Might be time to buy a parcel at current levels.

The results, revenue especially, are a real shock for shareholders. The time between Akida 2.0 release and so called ‘customers’ evaluations completing will deflate the SP further. The problem all along this journey has been the lack of ‘use cases’ and that is still very uncertain.

[moka]

Half yearly Investor Podcast Part One

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

Aug 18, 2023 Episode 2.1 - BrainChip Board Chair, Antonio J. Viana Addresses Investors in 2-Part Investor Podcast

In Part 1, Viana gave his frank views on such hot-button topics as global reporting and ESG considerations, changes in remuneration and stock compensation since the AGM, execution of the commercialization strategy for the Akida™ platform and the state of the global AI sector and its impact on BrainChip customers. Viana explained why BrainChip’s products could have a “massive global impact” on climate and other ESG concerns simply by performing against its existing commercialization strategy. He outlined the four things that customers look for when they evaluate BrainChip’s products—and why BrainChip’s message resonates.

[moka]

https://www.youtube.com/watch?v=gRMLIhqX-GU
Aug 24, 2023 Part 2 - covers Viana’s responses about share price, the product roadmap, market prospects, and much more.

Viana was previously a president of ARM Holdings the world's leading technology IP company. He talks about early years of ARM, and emphasizes that it takes time.
ARM got started in 1991. It IPOed in 1999 and it didn't get its first massively material deal until about 1996/97.

2:22 If your IP is difficult to use or integrate even if functionally it works people won't use it.

7:20 We absolutely needed to be honest with the share base and our assessment that you know our 1.0 (model) was not that offering and a more robust roadmap and product offering was needed to support the share price growth moving forward.

8:31 The share price is down because (Akida)1.0 is not selling at a scale that supports that market cap.

10:30 But the good news is that the market is moving rapidly in our direction especially so around the transition to the edge. This movement by the market is exactly what we expected.

10:43 However there's a headwind and that headwind is software. Software always moves toward more prevalent platforms which today are traditional and basic CPU platforms.
While we have licensees building platforms and going to market for certain use cases, that that killer use case for really broad general purpose platforms you know really hasn't emerged yet.

1:12 So what the second generation of Akida does is that it enables use cases that truly couldn't be done before at the edge. So firstly 2.0 removed some of the barriers for adoption that our customers raised to us.

14:12 The second generation is about extending our lead and working with industry leaders in enabling new and compelling use cases or scale that wasn't possible before and this is a main reason probably the main reason why we're seeing the highest level of customer engagement that we've ever had.

16:39 So why do you think now is a good time for someone to invest in Brainchip?
Because AI is the future. Investment in AI is only just I think getting started and furthermore edge-based AI is particularly lucrative because of the green field of opportunities it offers our potential partners and licensees. If there's an industry to be long on it's AI. Clearly I am biased but I think Brainchip is extremely well positioned.

20:11 You have to think about where they are in the design cycle. When someone takes a license from us most likely it is way at the front end of the design cycle and so at best at best they're two to three years out from having a production product in any sort of meaningful volume. And to be honest they might not even get there.

22:43 A couple times in this podcast you have heard me say that we've got our highest level
of Engagement going on right now………. we are more active than we've ever been and I will just say that is encouraging

[moka]

https://www.youtube.com/watch?v=i71MRFfeVfo

Checking in on BrainChip and Weebit Nano: Investor Webinar 12 July 2023 with Stocks Down Under

7:20 Weebit Nano and Brainchip so these are two stocks that we own, full disclosure we own both stocks.

7:44 A screenshot from our webinar on the 12th of April and the stock (BRN) at that time was at 46 cents and we talked about the failed breakouts that we saw and the potential to for the stock to go down further we saw support at 41 cents and 37 and 32 and a half and well we said if those support levels have broken there's this downside to 20 cents.

8:54 But what's causing this and we spoke about this before what's going wrong for Brainchip at the moment. Well in our view it's lack of communication the company hasn't really spoken about a lot in the last sort of year or so uh we do see you know occasional stuff on social media that they're working with some chip companies with ARM for instance.

10:23 They are not allowed to talk about customers and prospects and of course that's a very common problem for technology companies, especially on ASX because ASX officials don't always understand that especially in semiconductors you can't really talk about customers you risk losing their business and there's been companies previously in other Tech sectors on ASX where they were forced to disclose names and they lost the business

13:19 As dynamic as the semiconductor industry may seem it's notoriously hard to do deals in the space because all these companies are actually really conservative once they've got their production processes up and running they don't want to change anything they just want to keep it that way and print money. Basically any change to that production process is a big hassle because they have to retest the production, the output, qualify the new products so it's actually something they don't really want to do. It means that sometimes these deals take longer than expected so keep that in mind.

[moka]

Closed today at 32c up 2c on 12.1m.
On Monday 28 Aug closed at 29c down 3c on 17.5m, and 5m shorts (28.5%) after half year report out.
On Tuesday closed at 27.5c down 1.5c on 7.8m, shorts were 2m (25%)
Wed up 2.5c to 30c on 10.3m, shorts 719k (7%)
So very volatile and traders will be making money.

https://stocknessmonster.com/announc...asx-2A1469349/
CEO Comments on 2023 Half-year results
The Group made a net loss after income tax for the half-year ended 30 June 2023 of $17,146,781 (30 June 2022: $8,255,802).

BrainChip CEO, Sean Hehir commented, “while the results are clearly not acceptable, they were anticipated. The focus on accelerating development on the 2nd generation Akida architecture which will allow us to reach new customers and solve bigger challenges on higher value applications drove incremental cost.
Our commitment to releasing this market-leading product in the shortest time possible drove an increase in labour cost over the same period last year.
Further adding to the expanded loss was the non-cash item of RSUs issued to our former Chairman, which added additional expense.
In anticipation of 2nd generation Akida, we have seen a lot more traction from serious prospects and very detailed evaluations, however decisions are being delayed until formal release of the platform. The depth and quality of these engagements gives me strong confidence in the strategy and growth potential of BrainChip.”

https://stocknessmonster.com/announcements/brn.asx-2A1468998/

BrainChip Granted New Australian Patent Relating to Akida 2.0 IP
The patent is considered by the Company to be a valuable IP asset that will block competitors from performing efficient transposed and dilated convolutions in a neural network.

https://stocknessmonster.com/announcements/brn.asx-2A1469355/

BrainChip announces availability of AKD1500 reference design.
The AKD1500 chips from GlobalFoundries are fully functional at first silicon and will be available in limited quantities in the coming quarter.