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…
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