BluGlass

AU: BLG

Market CapAU$34.5m

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.

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Investment summary

BluGlass has pivoted its innovative compound semiconductor manufacturing technology onto the development of high performance laser diodes which it intends to start shipping at scale over the coming year. This will be a key step to achieving management’s goal of capturing 8% of the laser diode market by calendar year 2026, potentially generating almost A$75m revenues annually.

Y/E Jun
Revenue (A$m)
EBITDA (A$m)
PBT (A$m)
EPS (fd) (c)
P/E (x)
P/CF (x)
2019A 0.4 (5.1) (5.1) (1.21) N/A N/A
2020A 0.7 (3.6) (4.8) (1.01) N/A N/A
2021E N/A N/A N/A N/A N/A N/A
2022E N/A N/A N/A N/A N/A N/A
Content on BluGlass
BluGlass – Brighter future, lower temperature
TMT | Initiation | 9 June 2021
Bluglass Open Day (LR)-22
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Share price graph
Balance sheet
Forecast net debt (A$m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (38.6) (56.7) 15.1
Relative* (40.4) (59.7) (6.8)
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