BRN Discussion Ongoing

[Fullmoonfever]

Hopefully we get to see a full working pair of Nexa glasses in the wild in Sept.

3 months ago Ali Al Shidhani posted his congrats to Onsor and a comment on the post by Sadiq Khan indicated the hope to show them at the upcoming Comex Global Tech show.

Ali Al Shidhani, PhD’s Post​

Ali Al Shidhani, PhD
Undersecretary for Communications and Information Technology at Ministry of Transport, Communications and Information Technology
3mo

Congratulations to Team Onsor on unveiling a breakthrough wearable prototype equipped with neuromorphic computing to predict seizures - an hour before they occur. This innovative device has the potential to transform the lives of 50 million epilepsy patients worldwide. Omani startups are tackling major challenges and serving humanity. A proud moment for Oman





Sadiq Khan
Chairman - Sadiq Khan Foundation & Group of Companies
3mo

Incredible innovation that can help possibly 50 million epilepsy patients is a great breakthrough. Medtech innovation from Oman for the world . Hope to show this and more innovations at COMEX: Global Technology Show Amr Abdullah Baabood عمرو عبدالله باعبود Abdullah Baabood Anjum Khan

Health Tech – COMEX

comex-global.com

 

[Beebo]

With a total neuromorphic market increasing from $24M to $822M in 5 years gives you a Compound Annual Growth Rate of 105%.

therefore, if BRN books $9M in 2025 means we got $9M worth of $48M market, which is around 18% market share.

so in theory, in 2029 BRN will be be making around $147M…

who can dare to put a valuation on a company making that much in a strong growth market?

BOOM!

 

[Diogenese]

Hi Diogenese,

Thanks for the reminder on the cybersecurity white paper!

Quick question - do you know if there has been any public confirmation that the Quantum Ventura CyberNeuro-RT project uses the Akida 1000 chip on an M.2 card?

Secondly, given Akida 2.0’s improved performance, I’d have thought Quantum Ventura might wait to release anything commercial until they can leverage the upgraded version. If that's the case, do you think it’s likely they’ve put things on hold until the silicon version of Akida 2.0 is available in Q1 next year?





Extract from the white paper.
View attachment 87416

Hi Bravo,

QV's CyberNeuro-RT page shows a PCIe card with Akida alongside a USB Intel stick.

https://www.quantumventura.com/cyberneuro-rt

PCIe is a secondary board which plugs in alongside/above the CPU board. CN-RT is software, so would run on the separate processor, with Akida doing the heavy lifting to identify malware and notify CN-RT software which would then initiate response by the CPU as appropriate.

I guess the Chelpis M2 board acts in a similar manner.

https://www.chelpis.com/post/brainchip-collaborates-with-chelpis-mirle-on-security-solution

BRN are showing a general purpose Akida M.2 card not limited to cybersecurity at: https://brainchip.com/metatf-dev-tools/

Chelpis sprang fully formed out of nowhere (or Zeus' thigh) and I don't know if there is a link with QV.


LAGUNA HILLS, Calif.--(BUSINESS WIRE)--BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI, today announced that Chelpis Quantum Corp. has selected its Akida AKD1000 chips to serve as the processor for built-in post-quantum cryptographic security.


Chelpis, a chip company leading the Quantum Safe Migration ecosystem in Taiwan, is developing an M.2 card using the AKD1000 that can be inserted into targeted products to support their cryptographic security solutions. The M.2 card is based on a design from BrainChip along with an agreement to purchase a significant number of AKD1000 chips for qualification and deployment. Upon completion of this phase, Chelpis is planning to increase its commitment with additional orders for the AKD1000.


This agreement is the first step in a collaboration that is exploring the development of an AI-PQC robotic chip designed to fulfill both next-generation security and AI computing requirements. This project is a joint development effort with Chelpis partner company Mirle (2464.TW) and has been formally submitted for consideration under Taiwan’s chip innovation program. The funding aims to promote a new system-on-chip (SoC) integrating RISC-V, PQC, and NPU technologies. This SoC will specifically support manufacturing markets that emphasize a Made-in-USA strategy. Mirle plans to build autonomous quadruped robotics that mimic the movement of four-legged animals for industrial/factory environments. To enable this vision, Chelpis is exploring BrainChip’s advanced Akida™ IP to incorporate advanced visual GenAI capabilities in the proposed SoC design.


Was it not the Chelpis deal which undertook to purchase a large number of Akida 1 chips, or was that Onsor - it's all a blur?

 

[smoothsailing18]

With a total neuromorphic market increasing from $24M to $822M in 5 years gives you a Compound Annual Growth Rate of 105%.

therefore, if BRN books $9M in 2025 means we got $9M worth of $48M market, which is around 18% market share.

so in theory, in 2029 BRN will be be making around $147M…

who can dare to put a valuation on a company making that much in a strong growth market?

BOOM!

What would our share price be at the above valuation in 2029 ?

 

[Guzzi62]

What would our share price be at the above valuation in 2029 ?

2.11 bill outstanding shares, so let's say 2.5 bill with some dilution.

147 X 46 (Nvidia P/E is 46 which is quite high)= 6.76

6.76/2.5= 2.7 US$ a share

Much depends on how hard people want the shares.
Tesla's P/E is 185 which is bonkers!!

A more conservative valuation is using the average P/E for the tech sector, around 33.

147X33= 4.85

4.85/2.5= 1.94US$ a share.

So between 2-3 US$ a share if they earn just under 150 million bucks.

I am hoping for more than that in 2029, but only time will tell.

My amateur predictions are worthless to everyone anyway, LOL.

 

[CHIPS]

2.11 bill outstanding shares, so let's say 2.5 bill with some dilution.

147 X 46 (Nvidia P/E is 46 which is quite high)= 6.76

6.76/2.5= 2.7 US$ a share

Much depends on how hard people want the shares.
Tesla's P/E is 185 which is bonkers!!

A more conservative valuation is using the average P/E for the tech sector, around 33.

147X33= 4.85

4.85/2.5= 1.94US$ a share.

So between 2-3 US$ a share if they earn just under 150 million bucks.

I am hoping for more than that in 2029, but only time will tell.

My amateur predictions are worthless to everyone anyway, LOL.

But since people always go crazy over new and successful tech, I suppose the SP will be even higher.

 

[smoothsailing18]

2.11 bill outstanding shares, so let's say 2.5 bill with some dilution.

147 X 46 (Nvidia P/E is 46 which is quite high)= 6.76

6.76/2.5= 2.7 US$ a share

Much depends on how hard people want the shares.
Tesla's P/E is 185 which is bonkers!!

A more conservative valuation is using the average P/E for the tech sector, around 33.

147X33= 4.85

4.85/2.5= 1.94US$ a share.

So between 2-3 US$ a share if they earn just under 150 million bucks.

I am hoping for more than that in 2029, but only time will tell.

My amateur predictions are worthless to everyone anyway, LOL.

Thank you, question then.
How does FF get to his thinking of $40 per share ?.

 

[TECH]

TATA Consultancy Services Ltd have had their second patent published just 2 months ago; this follows on from their
previous patent naming Akida in the artwork some 18 months ago.... all positive, check it out if it hasn't already been posted
in the last 2 months...cheers for now, Tech.

https://worldwide.espacenet.com/patent/search/family/092710795/publication/US2025139442A1?q=pn%3DUS2025139442A1

 

[Beebo]

Thank you, question then.
How does FF get to his thinking of $40 per share ?.

$2.7USD if we stay on ASX.
$40USD if we successfully redomicile to the “sky is the limit” US.

 

[Mt09]

Thank you, question then.
How does FF get to his thinking of $40 per share ?.

 

[smoothsailing18]

View attachment 87439

I think we have a very good chance of eating the pie once we move from the ASX as Sean states he wants to be the leader in neuromorphic , as Nivida is with the following % of their market.

 

[Guzzi62]

Thank you, question then.
How does FF get to his thinking of $40 per share ?.

I suggest you ask him, seems very optimistic to me.

1 billion in earnings: 1000 X 46/2.5= 18.4

So we need 2+ billion in earnings to get to $40 using a very high P/E ratio as Nvidia's.

Yes, a pie in the sky indeed currently, but if the sale explodes as predicted by some, not impossible I guess.

It's only some Sunday fun, please do your own DD.

 

[smoothsailing18]

Unfortunately this calculation doesn't take into account any dilution as a result of additional cap raises.

Bottom line is we need MAJOR REVENUE INFLOW to protect our share price / prevent further dilution.

With current burn and cash levels, BrainChip is likely to require another capital raise within the next 9–12 months to maintain operations and fund commercialisation efforts, which would ultimately push us further away from that target range of $2-3 by 2029.

Hopefully we see substantial income from the various projects that we know will be launched next year.
That will change everything.

 

[ChipMan]

TRUMP FAFO

 

[Guzzi62]

Unfortunately this calculation doesn't take into account any dilution as a result of additional cap raises.

Bottom line is we need MAJOR REVENUE INFLOW to protect our share price / prevent further dilution.

With current burn and cash levels, BrainChip is likely to require another capital raise within the next 9–12 months to maintain operations and fund commercialisation efforts, which would ultimately push us further away from that target range of $2-3 by 2029.

But I did?

If you re-read my first sentence, I set the outstanding shares to 2.5 bill to adjust for dilution? That's almost 400 million over current level.

 

[Bravo]

But I did?

If you re-read my first sentence, I set the outstanding shares to 2.5 bill to adjust for dilution? That's almost 400 million over current level.

Ah, yes. I see now. My apologies! Your forecast accounts for potential dilution from one or two capital raises between now and 2029.

Given the current burn rate of approximately $20M–$25M per year and the limited level of recurring revenue, it's possible that two to three additional raises may be required, unless there’s a significant acceleration in commercialisation, which I sincerely hope we begin to see soon.

Obviously, the key sensitivity remains revenue growth and BrainChip’s ability to successfully convert partnerships into meaningful licensing agreements and royalty streams.

 

[miaeffect]

I suggest you ask him, seems very optimistic to me.

1 billion in earnings: 1000 X 46/2.5= 18.4

So we need 2+ billion in earnings to get to $40 using a very high P/E ratio as Nvidia's.

Yes, a pie in the sky indeed currently, but if the sale explodes as predicted by some, not impossible I guess.

It's only some Sunday fun, please do your own DD.

Who wants to join my $40 party?

 

[Food4 thought]

Who wants to join my $40 party?
View attachment 87447

Personally I’d be very happy with anything above $ 1.00 or if we get 1% of the market at a minimum

 

[Bravo]

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Ummm..I don't know if you're aware but the only kind of "recovery" going on here is from emotional trauma and a 90% share price drop.

We are all way too broke-ass to be buying any Bitcoin, much less something to eat for dinner tonight.

Can you lend me a fiver?

 

[Diogenese]

Is there a time line to market for these cybersecurity BRN devices ?.

QV are showing an Akida 1 PCIe board.

I don't know if there will be a new production run of Akida 1 or when there will be a production run of Akida 2. Without production runs, there is limited scope for manufacture of devices containing Akida.