Overall not a bad announcement. Anyone who is level headed can see that building a company revenue takes time. Most on here would not have had very high expectations given that it is still early stage.
What is interesting is the $2.25 million deposit paid for chip production. So lets break this down reasonably. Lets say:
$2.25 million equates to 30% deposit. Balance being $5.25 million (70%)= Total outlay $7.5 million
$7.5 million div $5.00 (cost of production per chip) = 1.5 million chips (I believe $5.00 because a product like this warrants a 200% mark up). But lets look at sales at $10 per chip and $15 per chip.
1.5 million chips X $10.00 (sales per chip) = $15 million revenue from chip sales
1.5 million chips X $15.00 (sales per chip) = $22.5 million revenue from chip sales
If the cost of production is $5.00 per chip that would give us $10.00 per chip profit which equates to $15 million profit from chip sales.
If the cost of production is $10.00 per chip that would give us $5.00 per chip profit which equates to $7.5 million profit from chip sales.
Of course there might be other variations but the above is what I believe to be most likely. This does not include EAP's or IP sales or further chip sales.
Not a bad way to begin building revenue and profit.
I still believe that the end of 2021 will be when we see a huge change in BRN and it will be a formidable company in the future. IMO
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