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 Originally Posted by Joshuatree
brainchip is a keeper..this one has the potential to surprise. it could go dog, or surpass a dollar anytime on news. am holding tight
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Originally Posted by Aotea
brainchip is a keeper..this one has the potential to surprise. it could go dog, or surpass a dollar anytime on news. am holding tight
Not a bad time to re-accumulate a few if as I suspect the bottom is nigh pending next 'exciting' announcement then flick out as close to the top of the spike that follows. Rinse and repeat. Not much point in holding a dead money/losing position imho, the chart will say hold when the time comes, which has been a long time coming.
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Originally Posted by Joshuatree
My conviction is very strong. BRN is ticking boxes and getting traction salewise. I listened to the April and May webinars.
I didn’t think it would drop down to 11.5c, what an opportunity to accumulate. I am buying on the way down. It is being pushed down so the smart money can accumulate I reckon because things have never looked rosier for BRN, after years of waiting.
Lou (CEO) said profitability expected in late 2018 with US$2.5m in revenue for the quarter. Cash burn is US$2.1m/ quarter. March quarter revenue was US$500K, of which 40% came from Gaming Partners International (GPI) (part of $500K payment for licence fees), and the rest from numerous customers and partners in US and France.
Lou said GPI agreement a tremendous win for BRN. Commercial development is expected later in 2018. 25% of all GPI revenue derived from the sale of the Developed Technology to BRN. 5 year revenue sharing agreement. Potential revenue US$5 - $US15m annually.
Quantum Corporation, San Jose, leading supplier of large-scale storage – Lou knows them from previous work. Storage is a fundamental component in civil surveillance, public safety, IoT, big data etc. Storage market opportunity represents potential revenue for BRN estimated in the range US$20m to $US30m beginning in late 2018.
They expect generate some revenue in the second quarter from Lockport- schools and public safety.
Lou said BRN is one of the most exciting technologies he has been associated with. He wasn’t going to get into technology again. He will stay as long as the company is independent. The goal is that it is taken over. He was in Venture Capital in the US previously and said that BRN is very capital efficient. Total capital raising A$40m less fees $38/39m = US$29m. Capital burn of US$15m (as at 31/12/17) to get where they are is great, not many US technology companies can match that. Had enough cash for 2 years at 31/12/17 @ $700K/month.
Trade shows and advertising are generating hundreds of leads, and they prioritise those most likely to succeed. Sales people only get paid when they deliver. Sales pipeline - 52 qualified opportunities with a lifetime value of US$336m. 1 patent granted, 5 pending, hired chief IP counsel for IBM & Intel to put fences around intellectual property. So all looking good as far as I am concerned.
Last edited by moka; 10-06-2018 at 10:35 PM.
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Excellent update many thanks moka. i have so many stocks on my watch list i lose track of them. Some Investors fatigued and losing confidence and a sense over over promising and under delivering and competition from the likes of Intel creating uncertainty?. S/P appears to have started its down wards move since the DEC Qrtly.
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Member
Enjoyed this read:
https://venturebeat.com/2018/06/04/t...ll-on-its-way/
tl;dr: current 'deep learning' technologies are a dead-end for general AI, and this is something Peter Van Der Made (Brainchip inventor) has been stating in presentations for years
very bullish on Brainchip's tech, just hoping they continue to be successful in commercializing it
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Interview with CEO Lou today.
https://www.finnewsnetwork.com.au/archives/finance_news_network169795.html
“Louis DiNardo: Investors in late 2018 and into 2019 will see and should enjoy the commercialisation of 10 years’ worth of effort on the part of our founder Peter van der Made. Again, we introduced our products in the later part of 2017. Sales cycle is such that we're at the point where we've got a nice sales funnel. The back half of 2018 should be a very successful year for us and 2019 will continue that success but also introduce the Akida product, which opens up a much wider opportunity for us.”
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Yesterday’s news.
https://simplywall.st/stocks/au/software/asx-brn/brainchip-holdings-shares/news/brainchip-holdings-limited-asxbrn-are-analysts-optimistic/
“BRN is bordering on breakeven, according to Software analysts. They anticipate the company to incur a final loss in 2018, before generating positive profits of AU$6.70m in 2019. BRN is therefore projected to breakeven around a few months from now. How fast will BRN have to grow each year in order to reach the breakeven point by 2019? Working backwards from analyst estimates, it turns out that they expect the company to grow 56.10% year-on-year, on average, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected.”
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https://stockhead.com.au/tech/mustang-brainchip-and-droneshield-shares-are-coming-out-of-escrow-in-june/
“Brainchip (ASX:BRN) is due to release the equivalent of 42 per cent of its issued shares — 403 million — from escrow on June 18.
These shares are owned by seven of the company’s major shareholders, who agreed to re-escrow them in October last year for six months.
Brainchip’s chief technical officer Peter Van Der Made is the largest shareholder with 16.65 per cent of the company, while former chairman and CEO Robert Mitro owns 11.48 per cent.”
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I found the webinars which is great because they aren’t on the BRN website.
April update by Lou
http://www.finnewsnetwork.com.au/Presentations/BrainChip/April2018_Update/index.html
May update
https://www.finnewsnetwork.com.au/ar...ork169365.html
“The wonderful part about the OEM part of our business is that it's a low cost of sales. Once you've won that design win with a Quantum or a Gaming Partners International or a Veritone, they have hundreds or thousands of customers and frankly they have a very large sales force, you know, feet on the street. You have to go through an integration process, where we introduce Brainchip's skill for example that was an off the shelf end user solution in order to make it appropriate for OEM so we had to add the APIs or the application specific interfaces. So there's a little bit of incremental engineering expense once that's a sunk cost, you have a very low cost of sales”.
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Member
WOW BEEN out of BRN since it hit the 40s and 50's - still looks good 3 years later - market just wasnt ready for this tech 3 years ago 
time will tell i may have to do some more catch up research on whats been happening since as im out of touch - what do others think ?
schu
\"if women didn,t exist , all the money in the world would mean nothing\" Aristotle Anasis.
\"The trend is your friend\"
\"A mans reach should always extend beyond his grasp" J.F Kennedy
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