BluGlass Extends U.S. Defence Contract and Revamps Board as GaN Laser Push Accelerates

BluGlass ( (AU:BLG) ) has provided an update.

BluGlass reported a pivotal December quarter marked by a A$1.05 million extension of its Year 3 CLAWS Hub subcontract with North Carolina State University under the U.S. Department of War’s Microelectronics Commons program, underpinning continued development of high-fidelity visible GaN lasers for advanced defence and quantum applications and bringing total awards under the program to $6.5 million for the first three years. The company overhauled its board to align governance with U.S. best practice, strengthened its intellectual property portfolio via a license from the University of California Santa Barbara and a consolidated PCT filing for high-peak power tunable lasers, and used its presence at the SPIE Photonics West conference to deepen a US$100 million sales pipeline, as quarterly customer receipts of $1.43 million and sustained R&D spending highlighted a push to convert its technology leadership into commercial scale and improved profitability.

The most recent analyst rating on (AU:BLG) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on BluGlass stock, see the AU:BLG Stock Forecast page.

More about BluGlass

BluGlass Limited is an ASX-listed global semiconductor developer specialising in gallium nitride (GaN) visible laser diodes and integrated photonics. Its technology targets high-value, next-generation applications across defence, quantum computing and sensing, aerospace, biomedical devices, and augmented and virtual reality, with a growing focus on U.S. markets and government contracting through its manufacturing and partner network.

Average Trading Volume: 119,377

Technical Sentiment Signal: Sell

Current Market Cap: A$36.91M

See more data about BLG stock on TipRanks’ Stock Analysis page.