Ford and Valeo are covering the costs of their testing and integration.
More clever wording. They are actually paying for achieving milestones. BRN only get paid if the milestones are achieved and they buy the device.
The accounts show only USD22K revenue. So Ford and Valeo are obviously not paying
The Agreement provides for specific performance milestones and payments that are expected to cover the Company’s expenses. The term of the Agreement is defined by the achievement of performance milestones and the availability of the Akida device. The Agreement was binding upon execution. Either party can terminate the Agreement for convenience with specific notice. Thevalidation of the Company’s Akida device by a Tier-1 supplier of sensors and systems to the automotive industry is considered to be a significant development.
https://www.asx.com.au/asxpdf/20200609/pdf/44jgtl9y2svb55.pdf
Revenue (ttm) 22.34k
Ann: Vorago Technologies Collaboration, page-651
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Change
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Mkt cap ! $519.6M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.0¢ | 27.5¢ | $3.829M | 13.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 600720 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 211500 | 4 |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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27.5¢ |
Change
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| Open | High | Low | Volume | ||
| 28.0¢ | 29.0¢ | 27.5¢ | 7165702 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
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