BluGlass

AU: BLG

Market CapAU$44m

Last Close AU$0.04

BluGlass is an Australian technology company that is developing and commercialising a breakthrough compound semiconductor technology for the production of high efficiency devices such as laser diodes, light emitting diodes (LEDs) and micro-LEDs.

More BluGlass content >

Investment summary

During FY21 BluGlass continued the transition from an equipment sales and licensing business to a direct-to-market components operation focused on rapidly expanding opportunities in the laser diode industry. While the launch of its first laser diodes has been delayed by reliability issues relating to third-party processing steps, management notes that the fund-raising activities this June and July should provide a cash runway through to initial customer revenues from laser diode sales.

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 recently appointed laser diode executive Jim Haden as president. Jim has held senior executive and advisory roles at several of BluGlass’s prospective customers and competitors, including Kyocera SLD, nLight, Coherent and JDS Uniphase. His operational and technical leadership expertise, together with a track record of solving technical challenges, delivering products to market and driving transformational revenue growth, will be invaluable as BluGlass transitions from R&D to commercialisation.

Last updated on 20/10/2021
Content on BluGlass
BluGlass – Brighter future, lower temperature
TMT | Initiation | 9 June 2021
Bluglass Open Day (LR)-22
View more
Register to receive research on BluGlass as it is published
Share price graph
Balance sheet
Forecast net debt (A$m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 37.5 41.9 (45.5)
Relative* 34.1 38.2 (54.9)
52-week high/low A$0.1/A$0.0
*% relative to local index
Key management
Brad Siskavich Executive VP
Ian Mann COO
James Walker Executive chair
Jim Haden President