BluGlass

AU: BLG

Market CapAU$34m

Last Close AU$0.03

BluGlass is an Australian technology company that is developing and commercialising a breakthrough compound semiconductor technology for the production of high efficiency, high power laser diodes.

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Investment summary

BluGlass has shipped the first fully packaged laser diode prototypes to its initial customer, who will integrate and test these laser diode chips in their own development stage applications. The chips, which have undergone internal preliminary performance and lifetime reliability testing, are still at the alpha-test phase. While BluGlass has further work to do on long-term reliability before its customers can incorporate the laser diodes in commercial products, the performance of the laser diodes has improved sufficiently for customers to use the prototypes for product development purposes.

Y/E Jun
Revenue (A$m)
EBITDA (A$m)
PBT (A$m)
EPS (fd) (c)
P/E (x)
P/CF (x)
2020A 0.7 (3.6) (4.8) (1.01) N/A N/A
2021A 0.4 (4.6) (6.8) (0.94) N/A N/A
2022E N/A N/A N/A N/A N/A N/A
2023E N/A N/A N/A N/A N/A N/A
Industry outlook

BluGlass is working with several customers who want to trial alpha-test laser diodes in new applications, which include medical devices, sensing, quantum computing and automotive products. This level of interest indicates there is significant unmet demand for 405nm and 420nm laser diodes.

Last updated on 09/08/2022
Content on BluGlass
BluGlass – executive interview
TMT | Edison TV | 5 April 2022
BluGlass – Fund-raising and acquisition
TMT | research Update | 28 March 2022
Bluglass Open Day (LR)-22
BluGlass – Further progress towards commercialisation
TMT | research Update | 28 February 2022
Bluglass Open Day (LR)-22
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Share price graph
Balance sheet
Forecast net debt (A$m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 3.8 0.0 (6.3)
Relative* (1.6) 2.9 0.8
52-week high/low A$0.0/A$0.0
*% relative to local index
Key management
Brad Siskavich Executive VP
Ian Mann COO
James Walker Executive chair
Jim Haden President
Stefanie Winwood Investor relations and marketing