Business
‘Minnow to unicorn’: BrainChip tops $1.4b valuation – The Australian Financial Review
BrainChip’s vertiginous rise from 3 cents to 90 cents over the last year has left its own chief executive scratching his head.
Over the past year shares are up 2933 per cent.
After listing in 2015, BrainChip earned just $US13,397 in revenue from customers in financial 2020 and $US66,635 in financial 2019. For financial 2020 it posted a loss of $US6.86 million, with shares on issue growing to 1.56 billion by August 8, on top of 221.2 million unquoted securities.
Institutional shareholders include Regal Funds Management, Thorney Opportunities and Metals X Ltd.
“It would not be a surprise to see BrainChip come on to the…
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