Saturday, March 15, 2025
1.3 C
London
HomeFinTechBrainchip: Posts $6.85M half-yearly loss

Brainchip: Posts $6.85M half-yearly loss

Date:

ABN AMRO-Owned Neobroker Fined $1.6M for Paying Finfluencers

A Significant Penalty in the Financial Industry Highlights Regulatory...

AvidXchange Explores Potential Sale Amid Market Changes

What Investors Need to Know About AvidXchange's Strategic ShiftHighlights:...

Raisin Expands Its Offerings by Launching in Finland

Discover how Raisin is transforming the financial landscape in...
  • Six months of soft revenue and high spending has seen tech developer Brainchip (BRN) deepen a half-yearly loss
  • The company lost $6.85M from January to the end of June 2020, which is 53 per cent more than the loss from the same period in 2019
  • On top of this, half-yearly revenue slipped 80 per cent to just over $13,000
  • The company spent almost $3.5M on research and development over the half-year, which was more than half of total spending
  • The company is now in the testing phase for its flagship Akida system-on-a-chip product
  • Shares in Brainchip and trading just under five per cent lower this morning and worth 31 cents each

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories