Ann: Appendix 4C - quarterly, page-57

If I forecast using data from the March 2016 quarter onward, I have receipts from customers only growing on average by a linear US$30,000 per quarter and the net cash outflow (excluding receipts from customers) growing by a linear US$189,000 per quarter. It's not pretty...


If I only account for the time period from the launch of Brainchip Studio onward, it's better, but still not pretty...


Honestly, it's really too early to forecast accurately. In my number crunching, I was surprised to find that both the linear and exponential models fit the historical data equally well. The next few quarters will be revealing and will help to prove (or disprove) if the receipts from customers are growing exponentially. At least it's interesting to see that if you make the assumption that revenue is growing exponentially, then the historical data shows that Brainchip is already on a path to profitability.