BrainChip Holdings (ASX:BRN) reported a $1.9 million unrealized loss in the December 2024 quarter, compared with a $900,000 gain in the prior quarter, according to a Tuesday Australian bourse filing.
It reported net operating cash outflows of $4.1 million in the period, up from $3.4 million in the prior quarter.
The technology firm said it is currently in talks with a major defense industry contractor to enter into a subcontractor agreement for a $1.8 million contract awarded by the US Air Force Research Laboratory under a US government program.
The firm's shares fell 13% in recent trading on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.