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Brainchip Holdings Ltd (ASX:BRN)

ALERT: Price-sensitive ASX Announcement for BRN
Current share price for BRN : $0.140 -0.015 (-9.68%)+
Announcement
Release
24 Apr 2026 8:57AM
Price at Release
$0.155
Full Release
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Summary
BrainChip Holdings Ltd reported its Quarterly Activities for the quarter ending March 2026, highlighting an increase in customer cash inflows and steady payments to suppliers and employees. The company continued to expand its strategic licensing and collaborations, notably with a global Akida 2.0 licensing agreement with EDGEAI. Important developments include the selection by ForwardEdge ASIC for future ASIC platforms and the ongoing production of the AKD1500 neuromorphic processor scheduled for Q3 CY2026. The company introduced new reference platforms including AkidaTag and cloud-based Akida Pico access. Financially, BrainChip ended the quarter with US$25.3M in cash and reported net operating cash outflows of US$5.3M.
Key Points
  • Customer cash inflows increased to US$0.7M from the previous quarter's US$0.4M.
  • Payments to suppliers and employees remained steady at US$4.3M.
  • BrainChip entered a global Akida 2.0 licensing agreement with EDGEAI.
  • ForwardEdge ASIC selected BrainChip for custom ASIC platforms.
  • AKD1500 neuromorphic processor production is on track for Q3 CY2026.
  • BrainChip launched AkidaTag and cloud-based Akida Pico access.
  • Cash and cash equivalents at the end of the period were US$25.3M.
  • Net operating cash outflows were US$5.3M for the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.