Top Page
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 |
|---|---|---|---|---|---|---|---|
| ― | AU$106.46M | 13.36 | 10.79% | 3.64% | 14.59% | -11.13% | |
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | AU$858.16M | ― | -50.48% | ― | 333.23% | 10.83% | |
| ― | AU$22.67M | ― | -112.59% | ― | ― | -67.74% | |
| ― | AU$28.76M | ― | -81.16% | ― | 18.03% | 4.84% | |
| ― | AU$382.67M | ― | -149.70% | ― | 503.29% | 11.46% | |
| ― | AU$274.17M | ― | ― | ― | 191.25% | 19.43% |
Bluglass Corporate Events
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.
BluGlass Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations. This release signifies BluGlass’s commitment to transparency and accountability in its operations, which is crucial for maintaining investor confidence and ensuring compliance with regulatory standards.
Bluglass Limited reported a 16% increase in revenues from ordinary activities, totaling $11,704,847 for the full year ending June 30, 2025. Despite the revenue growth, the company experienced an 8% increase in losses from ordinary activities after tax, amounting to $10,977,894. The basic and diluted loss per share slightly improved to (0.59) cents from (0.63) cents in the previous year. No dividends were declared or paid during this period, and there is no dividend reinvestment plan in operation.
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.