Hi Esq,
If BRN's current addressable market FF is currently $11-12 billion as stated in their Investor Presentation prior to the 2024 AGM presentation, at a token royalty rate of 3% of the full addressable market, their revenue would be about $360 million.
So let's see what royalty sales have been achieved in the first half of 2024 and we can work out what percentage of its addressable market BRN currently has. And, so on and so forth at the next Full Year results announcement in Feb 2025.
If the market prices revenue & earnings 6months ahead, and for a growth tech company in at 50-100 times, it is currently pricing BRN's future 6-12 months revenue of $7-14 million.
So you could say to reach a share price of $7-9 that would place BRN's revenue at about $160-200million.
2024 BrainChip Discussion, page-8190
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