In his last presentation to shareholders at the end when responding to shareholder questions the CEO said something to the following effect “Does BrainChip have outstanding invoices to customers? Yes BrainChip has outstanding invoices.”
In an earlier presentation to shareholders the CEO said something to the effect “That the payments from early access customers will defray expenses.”
In multiple interviews and documents going back to late last year the CEO has said that following release of AKD1000 there would be some income but that meaningful income will be in 2021.
I don’t intend to go and dig out the references because this is a complete non issue.
In the ASX announcements for the Ford and Valeo deals the Board of Directors of BRN sanctioned the statement that both these companies will be paying for the privilege of testing AKIDA technology and the related engineering expertise of BRN.
My opinion only DYOR.
The Ford and Valeo "deals' appear to be unpaid evaluations, page-19
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