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BluGlass
(OTC:BLG)
BluGlass (BLG) vs. iShares MSCI Australia ETF (EWA)
BluGlass Business Overview & Revenue Model
BluGlass Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.45M | 5.45M | 4.62M | 1.15M | 604.75K | 363.57K |
| Gross Profit | 2.28M | 2.28M | 2.55M | -11.84M | -10.22M | -7.94M |
| EBITDA | -7.97M | -7.97M | -12.00M | -15.88M | -10.23M | -7.42M |
| Net Income | -10.98M | -10.98M | -10.14M | -11.75M | -9.36M | -6.30M |
Balance Sheet | ||||||
| Total Assets | 23.93M | 23.93M | 23.14M | 21.70M | 20.46M | 13.56M |
| Cash, Cash Equivalents and Short-Term Investments | 5.74M | 5.74M | 5.57M | 4.26M | 5.35M | 4.18M |
| Total Debt | 7.10M | 7.10M | 4.68M | 4.49M | 4.63M | 3.51M |
| Total Liabilities | 12.34M | 12.34M | 8.25M | 7.81M | 7.24M | 6.05M |
| Stockholders Equity | 11.59M | 11.59M | 14.89M | 13.89M | 13.22M | 7.51M |
Cash Flow | ||||||
| Free Cash Flow | -7.96M | -7.96M | -8.42M | -12.48M | -10.53M | -4.90M |
| Operating Cash Flow | -6.15M | -6.15M | -6.95M | -11.88M | -6.26M | -4.81M |
| Investing Cash Flow | -2.08M | -2.08M | -1.47M | -681.82K | -4.28M | -90.10K |
| Financing Cash Flow | 8.57M | 8.40M | 9.73M | 11.47M | 11.67M | 3.64M |
BluGlass Technical Analysis
BluGlass Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$84.62M | 10.62 | 10.79% | 4.66% | 14.59% | -11.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | AU$22.67M | -2.12 | -112.59% | ― | ― | -67.74% | |
49 Neutral | AU$630.03M | -101.77 | ― | ― | 191.25% | 19.43% | |
49 Neutral | AU$901.50M | -22.03 | -50.48% | ― | 333.23% | 10.83% | |
45 Neutral | AU$31.38M | -2.04 | -81.16% | ― | 18.03% | 6.08% | |
38 Underperform | AU$356.97M | -9.41 | -149.70% | ― | 503.29% | 11.46% |
BluGlass Corporate Events
BluGlass Limited has successfully completed a consolidation of its issued capital, converting shares and options on a 20:1 basis following shareholder approval. This consolidation aims to streamline the company’s capital structure, with the new consolidated shares set to resume trading on 5 December. The consolidation process involved rounding up fractional securities, resulting in a slightly larger final consolidated figure than a straightforward 20:1 calculation would suggest. This move is expected to impact the company’s market operations by potentially increasing share value and simplifying shareholder records.
BluGlass Limited has announced an amendment to its Constitution following approval from shareholders at the Annual General Meeting. This update aligns with ASX Listing Rule 15.4.2 and reflects the company’s ongoing commitment to regulatory compliance and governance. The amendment is expected to support BluGlass’s strategic objectives and enhance its operational framework, potentially impacting its market positioning and stakeholder engagement positively.
BluGlass Limited announced that all resolutions were passed by poll at their Annual General Meeting. Notably, the ‘Adoption of Remuneration Report’ received over 75% approval. The meeting also saw the election of Mr. Omer Granit as Director and the ratification of prior issues of SPP shortfall shares and options. These outcomes are expected to strengthen BluGlass’s governance and operational framework, potentially enhancing its market position and stakeholder confidence.
BluGlass Limited held its Annual General Meeting, emphasizing its strategic positioning for market leadership. The company highlighted its focus on leveraging internal modeling and assumptions to address Service Addressable Markets, while cautioning investors about the uncertainties and risks involved in their projections.
BluGlass Limited’s 2025 AGM highlighted its strategic positioning in the semiconductor industry, particularly in GaN laser technology. The company is poised to leverage global trends in onshoring and supply chain resilience, with significant opportunities in defense and quantum computing markets. Recent board changes aim to accelerate commercial growth, with new directors bringing expertise in corporate law and commercialization. The company’s focus on high-value tactical markets and its unique manufacturing capabilities position it as a key player in next-generation technologies.
Bluglass Limited announced the cessation of 6,882,978 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 have implications for stakeholders regarding the company’s operational goals and strategic plans.
BluGlass Limited has announced the resignation of director Stephe Wilks, effective November 10, 2025. With his departure, 3,191,489 performance rights held in the BLG Incentive Award Trust have lapsed, indicating a potential shift in the company’s governance structure. This change could influence BluGlass’s strategic direction and stakeholder relations, as the company continues to navigate the competitive semiconductor market.
BluGlass Limited has corrected two dates in its updated indicative timetable for a proposed share consolidation, aligning with the new Annual General Meeting date of 24 November 2025. The board recommends shareholders approve the consolidation, which is expected to impact the company’s trading schedule and shareholder records, reflecting a strategic move to enhance its market operations.
Bluglass Limited has announced an update regarding the consolidation or split of its securities, including ordinary shares and various options, due to a change in the date of its Annual General Meeting to November 24, 2025. This update may affect the company’s stock structure and could have implications for its stakeholders, potentially impacting market perception and investor decisions.
BluGlass Limited has announced an updated indicative timetable for its proposed share consolidation, which aims to create a more effective capital structure. The consolidation is subject to shareholder approval at the upcoming Annual General Meeting on 24 November 2025. This strategic move is expected to impact the company’s operations by potentially enhancing its market positioning and providing benefits to stakeholders.
BluGlass Limited has announced the appointment of Lucy Robb Vujcic as a new director, effective from November 10, 2025. This appointment is part of the company’s strategic efforts to strengthen its leadership team, although the new director currently holds no securities or interests in the company. This move is likely to impact BluGlass’s operational dynamics and potentially enhance its positioning within the semiconductor industry.
BluGlass Limited has announced the appointment of Ata Gokyildirim as a director, effective November 10, 2025. The announcement details that Gokyildirim currently holds no securities or interests in the company, indicating a fresh perspective and potential strategic shifts in the company’s governance.
BluGlass Limited has postponed its Annual General Meeting (AGM) originally scheduled for 19 November 2025, now set for 24 November 2025, due to recent board changes. The company announced the resignation of Directors Mr. James Walker and Mr. Stephe Wilks, and the appointment of Ms. Lucy Robb Vujcic and Mr. Ata Gokyildirim as new Independent Non-Executive Directors. Shareholders will consider the election of these new directors and the re-election of Mr. Jean-Michel Pelaprat at the rescheduled AGM. The changes reflect a strategic shift in the company’s governance, potentially impacting its growth and stakeholder engagement.
BluGlass Limited announced the resignation of Director James Walker, effective November 10, 2025. As a result of his resignation, 4,191,489 performance rights held by Walker have lapsed. This change in the board may affect the company’s strategic direction, and stakeholders will be observing how this impacts BluGlass’s ongoing projects and market positioning.
BluGlass Limited has announced a significant refresh of its Board, appointing Omer Granit as Executive Chair to lead the company into its next phase of global commercial growth. The changes include the addition of Lucy Robb Vujcic and Ata Gokyildirim as Non-Executive Directors, aiming to enhance BluGlass’ access to global capital markets and strengthen ties with US defense primes. The outgoing Chair, James Walker, and Non-Executive Director, Stephe Wilks, have been pivotal in transforming BluGlass from a semiconductor capital equipment IP company into a vertically integrated manufacturer with growing commercial traction. The company is now well-positioned to capitalize on opportunities in the defense, aviation, quantum, and next-generation computing sectors, as the US reshapes its advanced manufacturing capabilities.
BluGlass Limited has reported a strong project pipeline exceeding US$100 million, driven by demand for its visible laser technologies. The company received initial purchase orders from Collins Aerospace and Infleqtion, highlighting the critical role of its lasers in advanced applications. Despite challenges like the US Government shutdown, BluGlass is progressing with projects and partnerships, aiming to convert them into significant revenue streams. The appointment of Omer Granit to the Board is expected to enhance BluGlass’ engagement with US markets and strategic customers. Additionally, BluGlass hosted Semiconductor Australia 2025, showcasing deep-tech innovations and emphasizing Australia’s role in global technology supply chains.
BluGlass Limited has announced that its Annual General Meeting will be held on 19 November 2025, allowing shareholders to attend in person in Sydney. The company emphasizes the importance of shareholder participation through proxy voting and encourages questions to be submitted in advance. This meeting is a significant event for BluGlass as it provides an opportunity to engage with shareholders and discuss future strategies, potentially impacting its market positioning and stakeholder relations.
Bluglass Limited has announced a security consolidation, impacting several of its securities, including ordinary shares and various options with different expiration dates. This reorganization is set to commence trading on a deferred settlement basis from November 21, 2025, with a record date of November 24, 2025, and an issue date of December 1, 2025. The consolidation aims to streamline the company’s securities structure, potentially enhancing market perception and operational efficiency.
Bluglass Limited has announced a proposed share consolidation at a 20:1 ratio, subject to shareholder approval at the upcoming Annual General Meeting. This move aims to create a more effective capital structure, improve trading liquidity, and align with industry peers, potentially attracting a broader investor base. The consolidation will reduce the number of shares significantly, but it will not affect the overall market value of the company or the percentage interest of individual shareholders. The share price is expected to increase proportionally, enhancing marketability without altering shareholders’ substantive rights.
BluGlass Limited has issued 28,608,226 new fully paid ordinary shares to eligible employees under its Employee Incentive Plan, fulfilling their FY25 short-term incentive award entitlements. This move aligns with the company’s strategic efforts to incentivize its workforce and strengthen its market position in the competitive photonics industry.
Bluglass Limited has announced the issuance of 28,608,226 ordinary fully paid shares as short-term incentive (STI) awards under its Employee Incentive Plan. This move is part of the company’s strategy to reward eligible employees for their contributions in the fiscal year 2025, potentially enhancing employee motivation and aligning their interests with the company’s performance goals.
Bluglass Limited announced the quotation of 9,509,830 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 3, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially increase its market presence, which could have implications for its operational capabilities and stakeholder interests.
BluGlass Limited, in collaboration with the Semiconductor Sector Service Bureau and Corporate Connect, is organizing the second annual Semiconductor Australia conference on October 22, 2025, in Sydney. This event will feature high-profile industry keynotes, expert panels, and presentations from over twenty Australian companies in the semiconductor, quantum, defence, AI, and photonics sectors. The conference aims to highlight Australia’s deep-tech innovation and discuss policy frameworks and investment opportunities necessary to retain talent and advance the industry. This initiative underscores BluGlass’s role in promoting semiconductor technologies and their applications across various industries.
Bluglass Limited has announced the issuance of 71,795 unquoted equity securities in the form of piggyback options, set to expire on May 31, 2028, with an exercise price of $0.019. This move is part of the company’s strategic financial management, potentially impacting its capital structure and offering new opportunities for stakeholders to invest in its growth and technological advancements.
Bluglass Limited has announced the quotation of 71,795 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective September 26, 2025. This move is part of the company’s strategy to enhance its financial flexibility and market presence, potentially impacting its operational capabilities and offering new opportunities for stakeholders.
BluGlass Limited has announced the appointment of Omer Granit as a new director, effective from September 15, 2025. This announcement is part of the company’s ongoing efforts to strengthen its leadership team, although the initial notice indicates that the new director currently holds no relevant interests in the company’s securities. This move could potentially impact BluGlass’s strategic direction and industry positioning, as it continues to innovate in the semiconductor sector.
BluGlass Limited has appointed Omer Granit to its Board of Directors to enhance its commercialisation strategy and strengthen its position in the US market. Granit’s extensive experience in capital markets and strategic governance, along with his connections in the defence and finance sectors, is expected to aid BluGlass in navigating global capital markets and advancing its commercial roadmap, particularly in the US, which is its most important market.