BRN - Brainchip Holdings

[access]

@access how's this tracking mate?

I'm still comfortable. This is a competition that runs until end of December. As I indicated in my earlier post I am not expecting action until the second half of this year.

For one example Akida is on board the SpaceX Falcon 9 space launch that took place on March 9. The device has not been activated yet. What sort of trials and eliminations would have taken place just to get on the flight.

It all takes time. A company taking on the new Akida technology in their product will be repeatedly testing it before they release the product onto the market. You do not get a second after the release. The clock is ticking.

 

[access]

No partnership deals yet to announce. They are coming.

 

[debtfree]

Yes it had a good run up in February but it's been on a slippery slide ever since and has basically given away all it's profits for the year so far. Only up 29% now after being up over 200% at one stage.

 

[mullokintyre]

Brainchip.
What can I say?
It has been all down hill for most of the year after a strong start.
My entry in the yearly comp has let me down and continues to do so.
My one entry into the world of AI has not been the great wealth magnifier i was expecting.
Mick

 

[access]

Still waiting for licence news during the second half of this year.

 

[mullokintyre]

Brn still well down from its highs early this year.
Chart hardly looks promising.
But it has had a green candle until today.
Have BRN in yearly comp.
Looked so promising, but running out of steam.

Mick

 

[Dona Ferentes]

closed at 19.5c , or AUD0.195

The SPP complemented the Company’s recently announced placement to institutional, professional and sophisticated investors to raise AUD25.0 million (before costs) at an issue price of AUD0.193 per share.

The SPP, targeting AUD3.0 million, which was not underwritten, closed with AUD0.632 million in applications.
.
a vote of confidence?

 

[farmerge]

closed at 19.5c , or AUD0.195

The SPP complemented the Company’s recently announced placement to institutional, professional and sophisticated investors to raise AUD25.0 million (before costs) at an issue price of AUD0.193 per share.

The SPP, targeting AUD3.0 million, which was not underwritten, closed with AUD0.632 million in applications.
.
a vote of confidence?

Hmm perhaps.
Years back was BRN a mob I held and traded successfully.
Lost its way dramatically and to me the lights went out.

 

[access]

Customers will still want to keep one step ahead of their competitor so will not be making any announcements until they are ready to go to market. It will only take a couple of big customer announcement and the share price will fly.
The time it has taken and the number of new shares issued have been sticking points with shareholders.

 

[galumay]

Dead duck

 

[mullokintyre]

BRN is not dead - yet.
Had a 10% jump today.
Part of my full year comp suite, but did not continue its early form for the year.
At least it is in the green for the year.
Mick

 

[access]

Just a waiting game.

 

[debtfree]

BRN did get off to a great start this year, especially in February. The last couple of days it did outperform the XAO and as we know, it can move quickly with good news.
Looks like a bit of interest in it as it tries to reverse it's trend. The 10d ema is finally > 30d ema for the first time since April, so maybe a bit of good news is on it's way.

 

[rcw1]

Good morning
No official company announcements.

Brainchip has revealed:

• revenues from continuing operations fell 8% over the six months to 30 June to just US$106,693;
• That drove a net loss for the company of US$11.52 million, which was an improvement from the US$17.15 million loss from the prior period; and
• Cash and cash equivalents fell from US$134.3 million to US$10.9 million over the period.

Maybe somebody knows something...
Dunno
15 minute chart

Daily Chart

 

[qldfrog]

Good morning
No official company announcements.

Brainchip has revealed:

• revenues from continuing operations fell 8% over the six months to 30 June to just US$106,693;
• That drove a net loss for the company of US$11.52 million, which was an improvement from the US$17.15 million loss from the prior period; and
• Cash and cash equivalents fell from US$134.3 million to US$10.9 million over the period.

Maybe somebody knows something...
Dunno
15 minute chart
View attachment 185683

Daily Chart
View attachment 185682

Or ramping up SP before money raising? A very common trick .

 

[rcw1]

Or ramping up SP before money raising? A very common trick .

or @farmerge is buying in .... ha ha ha ha

 

[Craton]

SP uptick could be related to news that BrainChip Introduces Lowest-Power AI Acceleration Co-Processor dated 2nd Oct 2024.
Pre-news activity and timing on the graph looks about right.

 

[rcw1]

SP uptick could be related to news that BrainChip Introduces Lowest-Power AI Acceleration Co-Processor dated 2nd Oct 2024.
Pre-news activity and timing on the graph looks about right.

Hi Craton,
the movement north commenced with a 11% gain on 26 September and 20% gain on 30 September ... maybe it was just the case of investors thought to buy in on the lows ... not sure.

But yes there was a bump north of 8.51% on 2 Oct and again a 21.74% gain on 7 Oct then again today (10/10/24).

Kind regards
rcw1

 

[Craton]

Cheers @rcw1.
Yep, those late Sep bumps can be viewed from the POV of, "inside, someone knows something we don't..." and/or as @qldfrog stated, the pre-cap raising ramp up.

 

[farmerge]

or @farmerge is buying in .... ha ha ha ha

Been to crook to care about anything lately, including BRN. Though I am vertical now, horizontal a few days ago could have been an option.