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Bluglass Limited (AU:BLG)
ASX:BLG

Bluglass (BLG) AI Stock Analysis

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AU

Bluglass

(Sydney:BLG)

Rating:41Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Bluglass Limited's overall score is impacted by its financial performance and technical analysis. While revenue growth is strong, profitability remains a significant challenge. The stock's bearish trend and negative P/E ratio further weigh down its score.

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

Bluglass Business Overview & Revenue Model

Company DescriptionBluGlass Limited, together with its subsidiaries, engages in the development of semiconductor manufacturing technology and devices for industrial, defense, display, and scientific markets in Australia and the United States. The company develops and commercializes remote plasma chemical vapor deposition, a patented low temperature technology for manufacturing higher performance gallium nitride laser diodes, as well as provides foundry services. BluGlass Limited was incorporated in 2005 and is based in Silverwater, Australia.
How the Company Makes MoneyBluglass Limited generates revenue primarily through the commercialization of its RPCVD technology, which is utilized in the production of gallium nitride (GaN) materials. The company's revenue streams include licensing its technology to manufacturers in the semiconductor industry, providing GaN materials and devices for use in various applications, and offering research and development services to partners looking to innovate in the fields of LED lighting, microLED displays, and power electronics. Strategic partnerships with industry leaders and research institutions also contribute to its revenue, enhancing its market presence and facilitating the adoption of its advanced materials and technology solutions.

Bluglass Financial Statement Overview

Summary
Bluglass Limited is demonstrating growth in revenue but is still facing challenges with profitability, as reflected in negative EBIT and net income. The balance sheet is stable with moderate leverage, but negative ROE due to losses is a concern. Cash flow is under pressure with significant negative free cash flow, although financing cash flow suggests efforts to fund operations and growth.
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.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
5.73M4.62M1.15M604.75K363.57K655.83K
Gross Profit
3.06M2.55M-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 SheetCash, Cash Equivalents and Short-Term Investments
3.81M5.57M4.26M5.35M4.18M5.43M
Total Assets
16.46M23.14M21.70M20.46M13.56M16.43M
Total Debt
3.23M4.68M4.49M4.63M3.51M1.72M
Net Debt
-578.87K-897.08K229.74K-724.75K-666.09K-3.71M
Total Liabilities
6.57M8.25M7.81M7.24M6.05M4.04M
Stockholders Equity
9.90M14.89M13.89M13.22M7.51M12.39M
Cash FlowFree 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
8.20M9.73M11.47M11.67M3.64M5.35M

Bluglass Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.01
Negative
100DMA
0.02
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
36.60
Neutral
STOCH
38.89
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 below 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 bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 36.60 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 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 (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$11.80B10.31-7.45%2.91%7.43%-7.78%
AUBLG
41
Neutral
$20.18M-106.02%240.09%30.49%
$293.64M-133.28%
$90.49M-92.68%
AUCOS
65
Neutral
AU$107.37M11.7312.90%4.05%23.66%-7.71%
AUELS
51
Neutral
AU$184.47M
31.98%-5.15%
AUWBT
39
Underperform
AU$378.76M-46.55%905.48%10.02%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BLG
Bluglass
0.01
-0.02
-69.70%
BRCHF
BrainChip Holdings
0.15
0.00
0.00%
FRDSF
4DS Memory Ltd.
0.05
0.00
0.00%
AU:ELS
Elsight Ltd.
0.98
0.43
78.18%
AU:COS
Cosol Limited
0.59
-0.54
-47.79%
AU:WBT
Weebit Nano Ltd.
1.86
-0.44
-19.13%

Bluglass Corporate Events

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.

BluGlass Limited Announces New Options Offering for Investors
May 1, 2025

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 Launches $6 Million Share Purchase Plan
May 1, 2025

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 Announces Proposed Securities Issue to Bolster Growth
May 1, 2025

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 Advances in Quantum Precision for Visible Lasers
May 1, 2025

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 Secures $2.3 Million and Launches $6 Million SPP to Boost Growth
May 1, 2025

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 Announces Cessation of Performance Rights
Apr 16, 2025

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 Appoints Industry Experts to Lead Advisory Board for GaN Laser Advancement
Mar 16, 2025

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 Achieves World-Record GaN Laser Performance
Mar 10, 2025

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.

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.