Brainchip (BRN) released its results today and each year, you don't see anything large other than a big loss. This year the operating loss has increased to $16.6m from $13.9m last year despite a 3+ fold jump in revenues from a low base of $269k last year. If you want to console yourself by saying that there has been a notable improvement in revenues, you can do so but at the end of the day, if your company only burns more than it receives, you would certainly be asked more to cough up in more rounds of CR. And look at what BRN management did- they spent big on themselves and consultants, in total 65% of the operating loss came from Share based Expenses, Director emoluments and payments to consultants.
This is what I call "Nasdaq Tech" entitlement mentality- just because you're a tech company operating in the US and in the US, tech companies don't really need to make any money to prosper, its ok to do so and management can pay themselves well to get the" best talents".
Column 1
Column 2
Column 3
0
BRAINCHIP (BRN)
USD (mil)
1
2018
2
Annual Revenues
$ 0.95
3
Operating Losses
-$ 16.65
% of Loss
4
Share Based Expenses
$ 7.30
-44%
5
Director fees&key management personnel expenses
$ 1.70
-10%
6
Legal & Professional Fees
$ 1.84
-11%
I encourage people to look into the details of annual reports of your companies as it is one place management cannot hide or downplay the negative aspects of their operations .
