Yes, I was familiar with them. A $780m MC company with the following from their recent quarterly
The Company ended the March 2023 Quarter with US$17.7M in cash compared to US$23.1M in the prior quarter. It should be noted that the A$12.2M cash received from LDA Capital will be reflected in the Appendix 4C for the next quarter.
BrainChip reported net operating cash outflows of US$6.3M vs.US$1.9M in the prior quarter.Cash inflow from customers in the current quarter of US$0.04M was lower than the prior quarter (US$1.1M).
You compare the above with Unith:
$5m in the bank
Minimal quarterly burn rate
$4-5m annual revenue (set to grow significantly)
$25 MC
Major cornerstone subscription tech about to launch.
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