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Bluglass
(Sydney:BLG)
Bluglass (BLG) vs. iShares MSCI Australia ETF (EWA)
Bluglass Business Overview & Revenue Model
Bluglass Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 5.73M | 4.62M | 1.15M | 604.75K | 363.57K | 655.83K | Gross Profit |
| 3.06M | 2.55M | -11.84M | -10.22M | -7.94M | -6.59M | EBIT |
| -8.95M | -8.81M | -19.88M | -12.88M | -10.21M | -9.06M | EBITDA |
| -6.90M | -7.29M | -7.50M | -6.68M | -4.00M | -4.76M | Net Income Common Stockholders |
| -10.18M | -10.14M | -11.75M | -9.36M | -6.30M | -5.99M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.81M | 5.57M | 4.26M | 5.35M | 4.18M | 5.43M | Total Assets |
| 16.46M | 23.14M | 21.70M | 20.46M | 13.56M | 16.43M | Total Debt |
| 3.23M | 4.68M | 4.49M | 4.63M | 3.51M | 1.72M | Net Debt |
| -578.87K | -897.08K | 229.74K | -724.75K | -666.09K | -3.71M | Total Liabilities |
| 6.57M | 8.25M | 7.81M | 7.24M | 6.05M | 4.04M | Stockholders Equity |
| 9.90M | 14.89M | 13.89M | 13.22M | 7.51M | 12.39M |
| Cash Flow | Free Cash Flow | ||||
| -7.11M | -8.42M | -12.48M | -10.53M | -4.90M | -6.04M | Operating Cash Flow |
| -6.35M | -6.95M | -11.88M | -6.26M | -4.81M | -4.36M | Investing Cash Flow |
| -767.05K | -1.47M | -681.82K | -4.28M | -90.10K | -1.68M | Financing Cash Flow |
| 8.20M | 9.73M | 11.47M | 11.67M | 3.64M | 5.35M |
Bluglass Technical Analysis
Bluglass Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $11.80B | 10.31 | -7.45% | 2.91% | 7.43% | -7.78% | |
41 Neutral | $20.18M | ― | -106.02% | ― | 240.09% | 30.49% | |
| $293.64M | ― | -133.28% | ― | ― | ― | ||
| $90.49M | ― | -92.68% | ― | ― | ― | ||
65 Neutral | AU$107.37M | 11.73 | 12.90% | 4.05% | 23.66% | -7.71% | |
51 Neutral | AU$184.47M | ― | ― | 31.98% | -5.15% | ||
39 Underperform | AU$378.76M | ― | -46.55% | ― | 905.48% | 10.02% |
Bluglass Corporate Events
BluGlass Limited has become an approved supplier to the Indian Government’s Ministry of Defence, securing its first order valued at $230,000 from the Solid State Physics Laboratory. This order involves the development of gallium nitride-based laser diodes, highlighting BluGlass’s strategic partnerships and expertise in high-performance GaN laser technology. The collaboration positions BluGlass to support India’s technological advancements in defense applications, leveraging GaN lasers’ compact performance and stability for various advanced applications.
BluGlass Limited has announced that its General Meeting will be held on 13 June 2025, allowing shareholders to attend physically in Sydney. The company has opted to distribute the Notice of Meeting electronically, aligning with modern communication practices. This meeting is significant for stakeholders as it provides an opportunity to engage directly with the company’s leadership and participate in decision-making processes. Shareholders are encouraged to submit proxies or direct votes in advance to ensure their participation and to submit any questions by 6 June 2025.
BluGlass Limited is hosting a virtual business update webinar on 23 May 2025, where shareholders can learn about the company’s technical and commercial progress, project pipeline, and business development activities. The session will also cover the company’s capital raise and SPP offer, providing stakeholders with insights into BluGlass’ strategic direction and operational advancements.
BluGlass Limited has issued a correction to its previously released Cleansing Notice, clarifying that 177,460,928 new fully paid ordinary shares were issued on 9 May 2025, not 12 May 2025 as initially stated. This update ensures compliance with the Corporations Act and maintains transparency with stakeholders, reinforcing BluGlass’s commitment to accurate reporting and investor communication.
BluGlass Limited has issued 177,460,928 new fully paid ordinary shares at $0.013 per share under a placement announced earlier this month. This move, compliant with the Corporations Act, aims to strengthen BluGlass’s financial position and support its growth in the global photonics industry, enhancing its market presence and operational capabilities.
Bluglass Limited has announced the quotation of 177,460,928 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective May 9, 2025. This move is part of a previously announced transaction and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the accessibility of its shares.
BluGlass Limited has announced a target market determination for its new options and piggyback options, which are being offered to existing shareholders and placement participants under a prospectus dated May 1, 2025. This initiative aims to provide investors with short to medium-term investment opportunities, allowing them to exercise options and potentially benefit from the trading price of shares. The offer is subject to shareholder approval and does not include a cooling-off period, emphasizing the need for investors to consider their financial position and investment objectives before participating.
BluGlass Limited has announced a prospectus for a share purchase plan aimed at raising up to $6 million. The plan includes new shares and options, targeting eligible shareholders, placement participants, and commitment investors, with the offering considered speculative. The company will apply for official quotation of the new shares on the ASX but not for the new options or piggyback options.
Bluglass Limited has announced a proposed issue of securities, including options and ordinary shares, as part of a securities purchase plan and other placements. This move is aimed at raising capital to support the company’s ongoing projects and strategic initiatives, potentially strengthening its market position and providing opportunities for growth.
BluGlass Limited has released an investor presentation highlighting its advancements in quantum precision for visible lasers. This development positions the company at the forefront of laser technology innovation, potentially impacting its market standing and offering new opportunities for stakeholders.
BluGlass Limited has successfully secured $2.3 million through a placement to institutional and sophisticated investors and is launching a Share Purchase Plan (SPP) to raise up to $6 million. The funds will be used to enhance product delivery, support additional equipment, and provide working capital, aligning with the company’s strategy to expand its project pipeline valued at US$90-100 million. This financial boost is expected to strengthen BluGlass’s market position and support its partnerships, including those with the US Department of Defense, as it continues to innovate in the fields of quantum sensing, aerospace, and defense applications.
Bluglass Limited announced the cessation of 2,406,196 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s operational targets and strategic goals.
BluGlass Limited has established an Industry Advisory Board led by industry experts Professor Steven DenBaars and Dr. Richard Craig to accelerate the commercialization and technical roadmap of its GaN laser portfolio. This strategic move aims to enhance BluGlass’ market positioning and commercial partnerships, leveraging the expertise of its advisory board members who have opted for equity in lieu of cash compensation, indicating their confidence in BluGlass’ growth potential. The advisory board will work closely with existing technical advisers to drive BluGlass towards full commercialization and profitability, with a focus on exploiting opportunities in quantum sensing, navigation, and computing.
BluGlass Limited has achieved a world-record performance with its single-mode gallium nitride (GaN) lasers, demonstrating 1250 milliwatts of power from a single chip. This breakthrough, achieved by integrating a blue laser master oscillator with a power amplifier, marks a 67% improvement over previous performance. The enhanced lasers are crucial for high-precision applications in quantum sensing, defense, and communications, offering significant benefits in size, weight, and cost. BluGlass’ advancements position it as a key player in meeting the growing demand for high-fidelity, high-power lasers in next-generation technologies.