BrainChip Holdings Limited

Positive market sentiments:  BrainChip Holdings Limited’s (ASX: BRN) stock climbed up 9.091 per cent on 20 August 2018, owing to positive market sentiments in relation to the recent strategic partnership with Telesikring which will pave the path for an integrated analytics solution’ platform for video security and surveillance. Besides this, the group is currently pursuing the next phase of its growth vision which is to provide a best-in-class AI processor based on its proprietary technology. With the production releases of BrainChip Studio and Accelerator, the company is now able to build its sales infrastructure. BrainChip anticipates continued sales growth with OEMs, System Integrators and End Users in 2018. Further, one patent has been granted for its Autonomous Learning Dynamic Artificial Neural Computing Device and Brain Inspired System, and five patents are in pending status. The current ratio substantially increased from 3.45x and 12.25x in FY17 against the previous year. Moreover, the group is also making efforts to improve its ROE and account receivables days with the help of following its strategic movement towards business development via organic and inorganic routes.

On the stock performance front, the share price has fallen 15.38 per cent in the past six months but up by 13.79 per cent in the past one month as on August 17, 2018. The stock has a market capitalization of $162.37 Mn and a beta of 2.13 as of August 20, 2018; and it traded at $0.18.
 

OpenDNA Limited

Quarterly Activity Update (30 June 2018): OpenDNA Limited (ASX: OPN) is another artificial intelligence company which provides real-time analysis of each individual's digital actions. The company has been loaded with the highly experienced management team that is being currently headed by Mr. Jay Shah – the Chief Executive Officer. The company operates in various industries such as publishing, entertainment, health and fitness, finance, commerce, and travel industries. And, it serves customer across the world. Recently, the company released its Quarterly report for the quarter ended 30 June 2018 wherein the group had total cash of A$669k and is actively involved to develop a strong sales pipeline in banking, telecoms, and other industry sectors and work towards forming strategic partnerships with global technology companies to drive revenue. On the financial front, the current ratio stood at 7.48x in 1HFY18, representing high liquidity position of the firm while the company enjoys zero debt facility during the same period. Besides this, the company has substantially reduced its account receivable days from 1,419 days to 453 days in 1HFY18 from the previous six months, exhibiting efficient management policy. In the meantime, the share has fallen 44.32 per cent in the past six months and down by 2 per cent in the past one month (as at August 17, 2018). OPN stock traded at $0.049 as on August 20, 2018.

 
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