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Bluglass Limited (AU:BLG)
ASX:BLG
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Bluglass (BLG) AI Stock Analysis

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AU:BLG

Bluglass

(Sydney:BLG)

Rating:45Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
Bluglass Limited's overall stock score reflects its growth potential tempered by significant profitability and cash flow challenges. While technical analysis suggests some stabilization, the negative P/E ratio and lack of dividends are significant concerns for valuation.

Bluglass (BLG) vs. iShares MSCI Australia ETF (EWA)

Bluglass Business Overview & Revenue Model

Company DescriptionBluglass Limited (BLG) is an innovative technology company specializing in the development and commercialization of advanced semiconductor materials and devices. The company operates primarily in the electronics and optoelectronics sectors, offering cutting-edge solutions for industries such as lighting, solar energy, and electronics manufacturing. Bluglass leverages its proprietary Remote Plasma Chemical Vapor Deposition (RPCVD) technology to produce high-quality, low-cost gallium nitride (GaN) materials, which are integral to the creation of efficient and high-performance devices.
How the Company Makes MoneyBluglass generates revenue through the commercialization and licensing of its RPCVD technology, which is used by manufacturers in the semiconductor and optoelectronics industries to enhance the performance and efficiency of their products. The company earns money by selling its GaN materials and components directly to electronics manufacturers, as well as through partnerships and collaborations with other technology firms that utilize their innovative deposition technology. Additionally, Bluglass may engage in joint development agreements and strategic alliances that contribute to its revenue streams by expanding the applications and reach of its proprietary technologies.

Bluglass Financial Statement Overview

Summary
Bluglass Limited shows substantial revenue growth but struggles with profitability, as indicated by negative EBIT and net income. The balance sheet is moderately leveraged, and cash flow management needs improvement due to significant negative free cash flow.
Income Statement
35
Negative
Bluglass Limited has demonstrated significant revenue growth with a notable increase from previous years. However, the company is still incurring substantial losses with a negative EBIT and net income, resulting in negative profit margins. The trend reflects a focus on growth, but profitability remains a concern.
Balance Sheet
45
Neutral
The company's debt-to-equity ratio is moderate, indicating a balanced approach to leveraging. However, the return on equity is negative due to continued net losses, which impacts shareholder value. The equity ratio shows a solid asset base, but improvement in profitability is necessary for a healthier balance sheet.
Cash Flow
40
Negative
Bluglass Limited's cash flow statement reveals significant negative free cash flow, suggesting that the company is investing more cash than it is generating. Despite this, there is a healthy financing cash flow, which suggests that the company is raising funds to support its operations and growth initiatives.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue5.73M4.62M1.15M604.75K363.57K655.83K
Gross Profit3.06M2.55M-11.84M-10.22M-7.94M-6.59M
EBITDA-6.90M-7.29M-7.50M-6.68M-4.00M-4.76M
Net Income-10.18M-10.14M-11.75M-9.36M-6.30M-5.99M
Balance Sheet
Total Assets16.46M23.14M21.70M20.46M13.56M16.43M
Cash, Cash Equivalents and Short-Term Investments3.81M5.57M4.26M5.35M4.18M5.43M
Total Debt3.23M4.68M4.49M4.63M3.51M1.72M
Total Liabilities6.57M8.25M7.81M7.24M6.05M4.04M
Stockholders Equity9.90M14.89M13.89M13.22M7.51M12.39M
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 Flow8.20M9.73M11.47M11.67M3.64M5.35M

Bluglass Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.01
Negative
100DMA
0.01
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
46.34
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BLG, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.34 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BLG.

Bluglass Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
AU$106.92M11.6812.90%4.09%23.66%-7.71%
61
Neutral
$34.84B4.76-10.43%2.08%6.54%-10.13%
56
Neutral
AU$432.46M
31.98%-5.15%
50
Neutral
AU$57.71M-92.68%-37.93%
45
Neutral
$23.19M-106.02%240.09%30.49%
44
Neutral
$400.81M-133.28%72.47%20.08%
39
Underperform
AU$500.30M-46.55%905.48%10.02%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BLG
Bluglass
0.01
-0.02
-66.67%
AU:4DS
4DS Memory
0.03
-0.05
-66.23%
AU:BRN
BrainChip Holdings
0.21
0.04
20.00%
AU:ELS
Elsight Ltd.
2.21
1.85
513.89%
AU:COS
Cosol Limited
0.58
-0.46
-44.23%
AU:WBT
Weebit Nano Ltd.
2.49
0.40
19.14%

Bluglass Corporate Events

BluGlass Secures Indian Defence Order and Advances Laser Technology
Jul 30, 2025

BluGlass Limited has been recognized as an approved supplier of visible lasers to the Indian Department of Defence, marking a significant milestone with a first order valued at A$230,000. The company also showcased improved laser performance at the ICNS-15 conference, including a 16% increase in power conversion efficiencies and new wavelength capabilities. These advancements align BluGlass with major competitors and support its strategic growth in defense and quantum sectors, enhancing its market positioning and stakeholder value.

BluGlass Expands Share Base to Strengthen Market Position
Jul 21, 2025

BluGlass Limited has issued 9,380,720 new fully paid ordinary shares at $0.00975 per share under its Employee Incentive Plan as part of share-based payments to advisors and consultants. This issuance aligns with the company’s compliance with relevant provisions of the Corporations Act, and there is no excluded information required to be disclosed. This move is expected to enhance BluGlass’s operational capabilities and strengthen its market position in the photonics industry.

Bluglass Limited Issues New Securities Under Employee Incentive Plan
Jul 21, 2025

Bluglass Limited has announced the issuance of 9,380,720 ordinary fully paid securities under its Employee Incentive Plan. These securities are part of a share-based payment strategy to compensate advisors and consultants, reflecting the company’s ongoing efforts to incentivize and retain key talent. This move is likely to impact the company’s operational dynamics by aligning stakeholder interests and potentially enhancing its market position.

Bluglass Limited Issues Unquoted Securities in Strategic Move
Jul 1, 2025

Bluglass Limited has announced the issuance of 9,230,769 unquoted securities, set to expire on May 31, 2026, with an exercise price of $0.013. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, indicating a strategic financial maneuver that may impact the company’s capital structure and stakeholder interests.

Bluglass Limited Announces Issuance of Unquoted Equity Securities
Jul 1, 2025

Bluglass Limited has announced the issuance of unquoted equity securities, specifically options expiring on May 31, 2026, at an exercise price of $0.013. This issuance, totaling over 173 million options, is part of the company’s strategic financial maneuvers, potentially impacting its capital structure and providing liquidity for future growth initiatives.

Bluglass Limited Announces Quotation of New Securities on ASX
Jul 1, 2025

Bluglass Limited announced the quotation of 153,846,154 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of July 1, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility and market presence, potentially impacting its operational capabilities and stakeholder interests positively.

BluGlass Announces Director’s Increased Shareholding
Jun 26, 2025

BluGlass Limited has announced a change in the director’s interest notice concerning James Walker. The company disclosed that Walker, through Burrill Skies Pty Limited, has acquired 846,154 fully paid ordinary shares and an equal number of options exercisable at $0.013, expiring on May 31, 2026. This acquisition was part of a placement approved by shareholders, indicating a strategic move to potentially strengthen the company’s financial position and align director interests with shareholder value.

Bluglass Limited Issues New Equity Securities to Bolster Growth
Jun 24, 2025

Bluglass Limited has announced the issuance of 391,793,079 unquoted equity securities in the form of options, set to expire on May 31, 2026. This move is part of the company’s strategic efforts to enhance its financial flexibility and support its ongoing growth initiatives in the semiconductor industry.

Bluglass Limited Announces Quotation of New Securities on ASX
Jun 24, 2025

Bluglass Limited has announced the quotation of 391,793,079 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of June 24, 2025. This move is part of previously announced transactions and reflects the company’s ongoing efforts to enhance its market presence and operational capacity.

BluGlass Limited Issues New Shares Under Recent Placement
Jun 24, 2025

BluGlass Limited has issued 3,384,616 new fully paid ordinary shares at an issue price of $0.013 per share under a placement announced on May 1, 2025. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and BluGlass confirms compliance with relevant provisions of the Act, indicating transparency and adherence to regulatory standards.

Bluglass Limited Issues New Unquoted Equity Securities
Jun 24, 2025

Bluglass Limited has announced the issuance of 180,845,544 unquoted equity securities in the form of options, set to expire on May 31, 2026. This issuance is part of a previously announced transaction and reflects the company’s strategic efforts to enhance its financial flexibility and support its ongoing projects in semiconductor technology.

Bluglass Limited Announces Quotation of New Securities on ASX
Jun 24, 2025

Bluglass Limited has announced the quotation of 3,384,616 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of June 24, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the company’s financial flexibility and visibility in the market.

BluGlass Raises $5.3 Million to Boost GaN Laser Production
Jun 24, 2025

BluGlass Limited has successfully closed its Share Purchase Plan, raising $5.3 million, which, combined with a prior $2.3 million placement, totals $7.6 million. The funds will be used to accelerate production and delivery of its visible GaN lasers, fulfill contracts, and support additional fab equipment and working capital. The capital raised is crucial for BluGlass to enhance its laser capabilities and convert its growing project pipeline, valued at US$90-$100 million, into long-term revenues. The company’s strategic partnerships, including those with the US and Indian Departments of Defense, highlight its strong industry positioning and potential for enabling next-generation applications.

Bluglass Limited Announces Proposed Securities Issue to Support Growth
Jun 16, 2025

Bluglass Limited announced a proposed issue of securities, including options expiring in 2026 and 2028, as part of a placement or other type of issue. This move is likely aimed at raising capital to support the company’s operations and strategic initiatives, potentially impacting its market position and offering new opportunities for stakeholders.

BluGlass Secures New Investment Commitment Amidst Offer Extension
Jun 16, 2025

BluGlass Limited has issued a supplementary prospectus to update its previous offer, extending the closing date and refreshing timelines for the quotation of new shares and options. The company has secured a commitment from a new investor to acquire additional shares if the total raised is less than $6 million, ensuring financial stability and supporting its strategic initiatives. This move is expected to bolster BluGlass’s market position and provide additional capital for its ongoing projects.

BluGlass Extends SPP Offer, Secures Additional $1.5 Million
Jun 16, 2025

BluGlass Limited has extended the closing date for its Share Purchase Plan (SPP) Offer to accommodate additional institutional shortfall commitments, securing an extra $1.5 million. The funds will accelerate production and delivery of BluGlass’ GaN lasers, supporting new and existing contracts, and enhancing the company’s operational capacity and market positioning.

Bluglass Limited Announces Proposed Securities Issue
Jun 13, 2025

Bluglass Limited has announced a proposed issue of securities, specifically 19,500,000 piggyback options with an exercise price of $0.019, set to expire on May 31, 2028. This move is part of a placement or other type of issue, with the proposed issue date set for June 17, 2025, potentially impacting the company’s market positioning and stakeholder interests.

BluGlass Shareholders Approve Key Resolutions at General Meeting
Jun 13, 2025

BluGlass Limited announced that all resolutions were passed by shareholders at their recent General Meeting. This outcome supports the company’s strategic initiatives, including the ratification and approval of share placements and options, which are expected to strengthen BluGlass’s financial position and support its growth in the photonics industry.

BluGlass Extends Share Purchase Plan Offer Deadline
Jun 10, 2025

BluGlass Limited has announced an extension to the closing date of its Share Purchase Plan (SPP) Offer to ensure all eligible shareholders have ample time to participate. The SPP allows shareholders to purchase shares at a discounted price, with the issuance of shares and options pending shareholder approval at an upcoming general meeting. This extension reflects BluGlass’s commitment to accommodating its shareholders and may influence its market positioning by potentially increasing shareholder engagement and investment.

BluGlass Secures First Order with Indian Ministry of Defence for GaN Laser Development
Jun 5, 2025

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 Announces Upcoming General Meeting for Shareholders
May 15, 2025

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 to Host Virtual Business Update Webinar
May 15, 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 Updates Cleansing Notice to Correct Share Issue Date
May 12, 2025

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 Expands Financial Base with New Share Issuance
May 12, 2025

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 Announces Quotation of New Securities on ASX
May 12, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 22, 2025