I’m not surprised. Based on what should there be a higher share...

I’m not surprised.

Based on what should there be a higher share price?

Anyone who can read a price chart and has an understanding of how the market works might be surprised the price isnt lower.

Look at Audinate recently. Posts one market update saying it’s 30-40% year on year growth will be pausing for a year as it transitions and pivots in its model, and it goes from $13 to $8 on that report, after drifting down from $24-$13 in 4-5months.

Was I surprised? Not really. The chart said something was off for months, and one slightly poor report on guidance the market always punishes. $688 mill MC with established prior revenue growth and EBITDA of 30% plus at circa $70mill revenue/$20mill EBITDA.

Compare that to BRN. No “visible new contracts” and 2 years of next to no revenue and its valued at half of Audinate.

BRN can still go a lot lower don’t fall for the trap that it’s cheap now. It can get a lot cheaper. No signs in its price action yet that say otherwise IMO