I think you better hope it all comes through. Brainchip’s 4D as at 30 June 2022 showed their balance sheet had US$2.5M of accounts receivable, “generally on terms of 30-90 days”. Yet 90 days later, at the 30 Sept 2022 quarterly, only US$118K of receipts from customers showed up. How is that possible? If it doesn’t all flow through in December, then those accounts receivable will be 90-180 days overdue. That’s my read.
Is Brainchip - working with Siemens, page-28
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