Brn - brainchip holdings

[moka]

https://sbir.nasa.gov/SBIR/abstracts...6.22-6631.html
Scalable Neural Net and Neuromorphic Module for In-Space Autonomous Orientation and Maneuvering
Tensor, along with several commercial partners, is developing new technology suitable for small satellites (SmallSat/CubeSat) and small launch vehicles.
Using the COTS (commercial off the shelf) The BrainChip, Inc. Akida with fully configurable neural processing cores and scalable neural nets, we can design autonomy and artificial cognition capabilities for our prototype CubeSat that will be scalable to any space vehicle. The overarching goal is to make spacecraft autonomy affordable and ubiquitous.

I think this is the same project.

https://smallcaps.com.au/vorago-technologies-brainchip-akida-early-access-program/
VORAGO Technologies signs up for BrainChip’s Akida early access program
Technology company BrainChip (ASX: BRN) has unveiled a new partnership with US-based counterpart VORAGO Technologies as part of a collaboration intended to support a Phase I NASA program to procure a neuromorphic processor that meets spaceflight requirement.
Without disclosing any specific commercial details underpinning the agreement, BrainChip said the early access program agreement included “payments that are intended to offset its expenses to support partner needs”.
https://www.asx.com.au/asx/statistic...ame=D&period=W

[moka]

https://www.youtube.com/watch?v=Q0WBxp39SpQ
BrainChip Holdings Limited (ASX:BRN) President and CEO Louis Di Nardo speaks to The Capital Network’s Lelde Smits about how the provider of ultra-low power high performance artificial intelligence (AI) technology is revolutionising AI.

https://www.youtube.com/watch?v=YXUZEb5Fr1c
Is Brainchip Holdings (ASX: BRN) still a buy after its announcement today? | ASX Growth Stocks

[moka]

Revenue..............US $13,397,000
Loss.....................US $6,858,171
Market cap at 47.5 cents is $478,800,000 ie 35.74 times revenue.
Perhaps it could be said a lot of future profits are already built into the share price.

Percy, much worse than you think as revenue was only $13K not $13M. So definitely a lot of future profits already built into the share price.

On top of this, half-yearly revenue slipped 80 per cent to just over US$13,000 (roughly A$18,000)
https://themarketherald.com.au/brain...ss-2020-08-26/

[percy]

Percy, much worse than you think as revenue was only $13K not $13M. So definitely a lot of future profits already built into the share price.

On top of this, half-yearly revenue slipped 80 per cent to just over US$13,000 (roughly A$18,000)
https://themarketherald.com.au/brain...ss-2020-08-26/

OMG.About the same as my pension..
So market cap is 35,740 times revenue.
Well done BRN, it looks as though you have set a world record.

[biker]

Up another 22% so far today with $37,000,000 worth traded and almost 70million shares. Touching 59c with the market in a feeding frenzy. No complaints but it will no doubt pull back a bit shortly.

[bullfrog]

OMG.About the same as my pension..
So market cap is 35,740 times revenue.
Well done BRN, it looks as though you have set a world record.

I know the market is forward looking, but this is ridiculous, had a look a few weeks ago, but decided to wait n see... oh well, at least I’m not supporting the rise of the terminators

[moka]

OMG.About the same as my pension..
So market cap is 35,740 times revenue.
Well done BRN, it looks as though you have set a world record.

I doubt it is a world record. There are lots of similar tech companies in the US with little or no revenue and huge billion dollar market caps.
The founder Peter van der Made could have done this in the US where institutions would have invested in several capital raises to fund the years of development. But he wanted to retain a large personal stake in the company and he has done that by listing on the ASX, luckily for those of us who own shares.
Revenue doesn’t matter at this stage because the company has spent years (listed 2015, first patent 2008) pouring capital into building up assets – research, technology, intellectual property, about a dozen patents. And now they have a product ready to be commercialised, although it could be another year or two before revenue starts flowing.
When US institutions see how cheap these shares are compared to comparable US tech companies they are likely to buy in, and push the price up.
It is quite likely that the company will be bought out by one of the big players for maybe $20 - $40bn depending on the stage of development.

I am not trying to convince you to buy, but just to point out that there is a different way of valuing tech companies like this. It is not like XRO where they had a product to sell when they listed.

Posted in 2018

CEO Louis 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.

[biker]

I know the market is forward looking, but this is ridiculous, had a look a few weeks ago, but decided to wait n see... oh well, at least I’m not supporting the rise of the terminators

Even more ridiculous. Touched 76c today. Still not complaining.

[biker]

23c now with some depth. Up 15% on good volume. Going nicely with great potential. A capital raise or buy-in can’t be far away?

That was less than a month ago.

[moka]

Brainchip to enter S&P/ASX All Technology Index on 21 Sept. That may explain the increase in volumes today as institutions buy in.
Was up 13.1% from 49.5c to 56c yesterday on turnover of $24m. Turnover $69m already today.

https://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=ZSP&timeframe= D&period=M6

S&P/ASX All Technology Index – Effective at the Open on September 21, 2020

Action	Code	Company
Addition	BRN	Brainchip Holdings Ltd
Addition	DDR	Dicker Data Limited
Addition	EVS	Envirosuite Limited
Addition	M7T	Mach7 Technologies Limited
Addition	NVX	Novonix Limited
Addition	SPT	Splitit Payments Ltd
Addition	SZL	Sezzle Inc.
Addition	WSP	Whispir Limited