Brn - brainchip holdings

[moka]

Closed today at 31c, dn 1c on 12.1m, high 35c, low 30.5c. Shorts yesterday were 1.864m (15%.) Shorts - 8.21% on 28 Aug.
Brainchip removed from the S&P/ASX 200 Index, still in the S&P/ASX 300 Index

https://stocknessmonster.com/announcements/brn.asx-2A1471429/

S&P Dow Jones Indices Announces September 2023 Quarterly Rebalance of the S&P/ASX Indices
S&P/ASX 200 Index – Effective Prior to the Open on September 18, 2023
Removal BRN BrainChip Holdings Limited

Speeding ticket from the ASX. Response to ASX Query

https://stocknessmonster.com/announcements/brn.asx-2A1471263/

The closing price of BRN’s shares on 28 August 2023 following the Announcement, which was approximately 11% lower on larger than usual volumes. ASX notes a further decline of 5.2% in the share price on 29 August 2023

[winner69]

BRN chart looking rather sad these days

[moka]

Brainchip closed at 17c on Friday, down 0.5c on 6.1m. 862K shorted on Thursday, 28^th most shorted stock on ASX at 5.78%.

https://stocknessmonster.com/announcements/brn.asx-2A1482513/

Appendix 4C & Quarterly Activities Report for the Period Ended 30 September 2023.

The Company ended the June Quarter with US$17.8M in cash compared to US$21.8M in the prior quarter. BrainChip reported net operating cash outflows of $4.0M vs.$ 4.1M in the prior quarter.
Cash inflow from customers in the current quarter of $0.03M was lower than the prior quarter (US$0.83M).

The period from June to September 2023 saw continued progress in the execution of our commercial and corporate strategies focusing on the ongoing development and availability of the 2nd Generation Akida technology platform to lead customers. These goals were achieved in the final days of September after a significant and sustained effort by our entire team. I am pleased to see continued growth and expansion of our commercial ecosystem partnerships, especially with the Edge box seeding the market which will expand the adoption our technology. These achievements coupled with the traction we’re seeing with IP licensing prospects, gives me confidence in our strategy and that over time our technology will proliferate across a wide range of industry applications and platforms.

During the quarter, the Company announced several new commercial partnerships focused on expanding BrainChip’s ecosystem and access to BrainChip technology across a wider range of industrial applications. Such partnerships include GMAC Intelligence, which is building a drive-through automation solution for quick-service restaurants (QSRs). The application, QSRBot 247, revolutionizes the fast-food ordering experience by delivering a fully automated system using vision and voice that will accurately take orders in a more human and intuitive interface, as well as fulfill, deliver, and manage payment seamlessly and automatically. It enhances the experience by identifying loyal customers, learning their preferences to help personalization and satisfaction.

Another major partnership with Tata Elxsi, a leader in providing design and technology services across a multitude of global industries and markets, will be driving Akida™ technology into medical devices and industrial applications by leveraging BrainChip’s first-to-market, fully digital, neuromorphic technology to provide intelligent, ultra-low power solutions to these demanding target markets. Finally, to accelerate Akida technology into the market, Brainchip entered into a partnership with VVDN Technologies, an industry-leading device manufacturer and solutions provider that has extensive experience in developing and deploying vision-based solutions for various domains, such as automotive, industrial, security surveillance, enterprise, medical and others. VVDN will deliver the first Edge box based on neuromorphic technology.

[moka]

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02729132-2A1482518?access_token=83ff96335c2d45a094df02a206a 39ff4

Some changes in Top 20 Holdings this quarter. Some holders going up, others down. Louis DiNardo (former CEO) is out of the top 20.

Top holder last time - Citicorp - down 43 million shares or 38%, from 156 million to 113 million. One of the holdings in that account is the ADR account held by Bank of NY Mellon. ADR = American Depositary Receipt Program, hold BCHPY shares that trade on US market.

3^rd largest. BNP - up about 6 million shares. Clearstream holds the shares that trade in Germany and Europe.
5th. JP Morgan - up 11 million shares. They bought over 20 million shares over the last two quarters.
6th. HSBC Australia - down 15 million shares.
7th. BNP (2) - up 4 million.
8th. Certane - up 10 million.
10th. HSBC (2). down 12 million.
11th. BNP (3) - up 1 million.
15th. Certane - up one million.

[Baa_Baa]

$30,000 revenue , $0.175c SP, almost halved in a couple of months, and still the 28th most shorted stock on the ASX. This SP is only going one way.

[moka]

Share price was up 38% today on no news.
Up 7c today to 25c, on 31m, so volume up. Has been 4m -8m the last couple of weeks, but there have been other high volume days in Sept and Oct.
Sep 15, 2023 - 77,441,326 traded = out of the ASX200
Sep 22, 2023 - 35,111,091
Oct 10, 2023 - 35,053,810
https://finance.yahoo.com/quote/BRN.AX/history?p=BRN.AX

Not as good as the 143% rise on 29-09-2016 though.

Yes - BRN up 15c today 142.9% to $0.255 on $14,775K

BrainChip to roll out game protection technology at major Las
Vegas casino following successful completion of trial
Highlights
 BrainChip will roll out its innovative casino table security technology at one of
Las Vegas’ biggest casinos following the successful completion of the phase one
trial
 The roll out of BrainChip’s Spiking Neural Network‐based SNAPvision
technology will initially be across all baccarat tables in the trial casino with a
second casino to be added in the next month, followed by a roll out to more of
the group’s casinos
 The roll out will deliver an immediate and growing revenue stream to
BrainChip
 Second product application is currently being trialled across a range of table
games including Blackjack, Blackjack Switch and Ultimate Poker
 Huge market opportunity with the casino management industry, which
includes security and surveillance, expected to grow to US$4.5 billion in size by
2018

[moka]

BrainChip Announces Transition to a New CTO. 21 November 2023

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02742945-2A1489160?access_token=83ff96335c2d45a094df02a206a 39ff4

· BrainChip announces the planned retirement of co-founder and CTO Peter Van der Made.
• Peter Van der Made will continue to sit on the Board of Directors and Scientific Advisory board.
• Announces new CTO, Dr. Tony Lewis, former VP and Global Head of the AI and Emerging Compute Lab at HP, Inc where he played a pivotal role in AI integration across various product lines.

Tony also made significant contributions at Qualcomm, Inc., where he led the Zeroth© Neuromorphic Engineering Project while contributing to projects in intelligent AI agents and robotics and collaborating closely with Qualcomm Ventures.

Tony has served as a visiting or adjunct professor at the University of Arizona, the University of Illinois, Urbana-Champaign, and the University of Waterloo. His entrepreneurial experience is evident in his founding of a government funded R&D company specializing in neuromorphic computing and robotics. He has been active as a startup advisor and investor, bringing his technical acumen to various innovative ventures. Tony holds a Ph.D. and master’s in electrical engineering, with a specialization in robotics and neuroscience from the University of Southern California, and a BS in Cybernetics from University of California, Los Angeles.

[moka]

BrainChip’s Quarterly Investor Podcast Episode 3 – BrainChip CEO Sean Hehir Addresses Investors. Nov 14, 2023

https://www.youtube.com/watch?v=kLV8Sdb9aek

1:02 On 3rd of October the second generation Akida technology platform is now available as IP to EAP. Generation one product is a very good leadership product in the market but very narrow focus. With generation two we are now able to address a much broader set of use cases.
We have engagements in the pipeline right now on generation one but overwhelmingly the pipeline is on generation two. The interest is outstanding because it does some really important things.

2:34 Brainchip in partnership with VVDN will have available for pre-sale later this year an edge box incorporating the Akida 1000 chip.
2:56 An edge box is a tool that can be used by AI developers to create new edge AI products. Specifically some of the use cases you're asking about would be things such as retail to monitor shoppers behavior and items moving off the shelf as an example, or perhaps home security.
This box will just prove the capabilities of our Akida technology so it's a really nice way to demonstrate our capabilities in the market now

4:36 There was a lot of forced selling once we came out of the ASX200 which of course caused further price deterioration.
Now I believe that our price has overcorrected. I believe that Brainchip is well positioned. I believe that the market is very very early and I think it represents a very good buying opportunity for investors. I'm confident in our intermediate and long-term future.

5:43 The recently announced partnership announcement with Edge X could see Brainchip technology deployed in space by the European Space Agency. Does this signal a change in focus away from NASA or is this a case of both? Both space agencies identify neuromorphic AI as a solution.

6:19 I would say we are engaged with other organizations around the world around space technology and hopefully we will see some further announcements in that space.
7:29 The number and the depth of engagement has never been higher and it's accelerating.

7:42 I am personally overseeing the sales team for the last several months so I'm intimate in every single critical engagement. I'm fully aware where we are and I'm very comfortable that we're progressing on the path and the timeline that we want to be on.

Can I give you specific updates? Absolutely not. You know that’s something we can't talk about is those engagements. We're under NDAs, nothing's been signed but I'm very very comfortable where we are with those.

8:44 We're seeing interest across many verticals, certainly continue in auto, wearables, hearing aids, internet of things or industrial.

9:00 Have we lost any customer to any engagements on technology? The answer is no. Now we're in the middle of many, we don't know what the outcome will be but to date we have not lost any.
We have won technical engagements and the customers decided to not go forth and build chips. I'm aware of that but no we are not losing in head-to-head technical evaluations at this time.

9:30 It's almost 2 years since you started in the job as Brainchip CEO and in that time there have been no IP license sales and no revenue generated from royalties. Shareholders have been expressing their impatience and frustration about that and some are questioning whether you're the right person to continue driving the company forward. Would you like to comment on that.

9:59 I too share that frustration, I'm an impatient person so I would like to see results come quicker.

10:13 But let's set some context. When I arrived here two years ago this was a company that really was a research organization and had just kind of got out through the development phase. Since then we acknowledged that the first generation of product was too narrow. We've done a tremendous push to release the second one and built up a whole new sales marketing and go to market motion.

11:14 We believe we have the right business model for sure. IP sales take time. They're lengthy but when they hit it's a very solid model that yields fruit for the shareholders.

11:59 The Edge AI Market is still new and it's important to be flexible and nimble and that's what IP allows us to do particularly with our generation 2. We can scale very low and we can scale very very high. No one really knows exactly where the market's going to go, so you really don't want to lock on to a form factor or chip with a certain number of nodes, certain vertical or certain interfaces. You could be wrong and then you've got real problems in the company.

[moka]

Investor Presentation November, 2023

https://assets.website-files.com/627...2023%20v.5.pdf

BrainChip OTCQX: BCHPY|ASX:BRN

BrainChip At A Glance
· First to commercialize neuromorphic IP platform and reference chip.
· Competitive advantage extended with launch of 2nd Gen Akida IP platform
· World-class board & executive team focused on commercialization and R&D
· Highest-ever level of customer engagements with global sales team in place
· Growing commercial ecosystem and partnerships with leading global tech companies
· Growing patent portfolio with 18 issued patents and 30 applications pending
· High-margin/ low-cost IP licensing business model with future IP licence sale and royalty revenue streams

Since the AGM…
· Akida 2nd Gen technology platform available as IP to EAP customers.
· 1 st shipment of AKD1500 chips received from Global Foundries, tested and used in demonstrations.
· GMAC Intelligence, Tata Elxsi, VVDN Technologies, Lorser Industries, CVEDIA, Teksun, Blue Ridge Envisioneering and Quantum Venture added to growing list of commercial ecosystem partnerships.
· University of Virginia and University of Oklahoma added to BrainChip’s University AI Accelerator Program.
· Edge box co-developed with VVDN Technologies utilizing Akida silicon to go on sale early next year.
· Collaborations and disruptive design wins in Space Tech and Sustainable Cities with EdgX and European Space Agency programs, Circle8 for waste management.

[moka]

Yesterday it closed at 22c, down 1c. Huge volume of 50.9m of which 42.2m happened at closing as Brainchip was added to the MSCI Global Micro Cap index at the close of 30 November 2023. MSCI = Morgan Stanley Capital International. Someone who follows brokers’ reports said Morgan Stanley has been buying recently.

Shorts are closing slowly, on Monday 27 November 86.5m = 4.83% down 0.47%. Some days in the last week or two there have been no short sales.

https://www.shortman.com.au/stock?q=BRN