Business
Moment of truth coming for the billion-dollar BrainChip – Sydney Morning Herald
BrainChip is loss-making, its revenue is declining. So why does it have a market value of $1.5 billion? The company says the answer lies in its promise.
The stake held by BrainChip’s Perth-based founder and chief technology officer, Peter van der Made, had soared from $8.8 million to more than $170 million in a matter of months.
Even by the standards of the current market frenzy it was an astounding run and BrainChip chief executive Louis DiNardo did not hide his bemusement.
“Yes I would say I was taken aback to watch the price go from single digits to teens, 15-16c, it peaked in intra day trade at 97c a couple of weeks ago,” he says.
The sha…
-
General21 hours agoAustralia’s native flora emerges as an increasingly popular muse for bonsai hobbyists
-
Noosa News19 hours agoFears for the future of retro Chinese dining after blaze guts Sundoo in Townsville
-
General14 hours agoNRL live: New Zealand Warriors face Canberra Raiders, Liam Henry, Ronaldo Mulitalo facing bans
-
Business21 hours agoThese ASX 200 shares could rise 20% to 100%