Key points
- Net loss after tax of $12,015,897 for the half-year ended 30 June 2026
- Revenue increased by 19% to $1,222,745
- Significant increase in R&D expenses due to development of AKD2500 chip
Full summary
Brainchip Holdings Ltd, a developer of software and hardware accelerated solutions for advanced AI and machine learning, reported its half-year financial results for the period ended 30 June 2026. The company reported a net loss after tax of $12,015,897, up from $9,360,251 in the prior year. Revenue increased by 19% to $1,222,745, driven by $613,826 in high margin license sales and $498,557 in development services revenue. Total operating expenses rose 33% to $13,647,140, primarily due to increased research and development costs related to the development of the AKD2500 chip. The company also achieved a significant operational milestone with the receipt of the first production batch of 2,000 AKD1500 neuromorphic processors.
Outlook
Brainchip expects to achieve significant growth in license and product revenue through the commercialisation of the AKD1500 chip.