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BluGlass
(Sydney:BLG)
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Rating:47Neutral
Price Target:
AU$0.26
▼(-6.79% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance—continued losses, negative gross profit in 2026, and persistent cash burn. Technical indicators are neutral-to-mixed and do not provide strong positive momentum. Valuation is difficult to support on earnings due to the negative P/E and no provided dividend yield.
Positive Factors
Proprietary GaN laser technology
Proprietary GaN laser diode processes could support differentiated performance and manufacturability as BluGlass develops products for photonics and optoelectronics. This technology focus provides a foundation for commercial expansion and may strengthen its position in specialised semiconductor applications over the coming quarters.
Negative Factors
Sharp 2026 revenue contraction
The sharp 2026 revenue pullback shows that commercial demand or conversion has not yet become consistent, despite earlier growth. This volatility makes near-term planning harder, limits confidence in a durable scaling trajectory, and can delay the operating leverage needed to reach sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary GaN laser technology
Proprietary GaN laser diode processes could support differentiated performance and manufacturability as BluGlass develops products for photonics and optoelectronics. This technology focus provides a foundation for commercial expansion and may strengthen its position in specialised semiconductor applications over the coming quarters.
Read all positive factors
BluGlass (BLG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$50.82M
Dividend YieldN/A
Average Volume (3M)274.89K
Price to Earnings (P/E)―
Beta (1Y)-0.22
Revenue Growth-25.51%
EPS Growth36.03%
CountryAU
Employees25
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.08
Shares Outstanding191,766,000
10 Day Avg. Volume388,685
30 Day Avg. Volume274,891
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)3.17
Price to Sales (P/S)11.24
P/FCF Ratio-4.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$56.10M
BluGlass Business Overview & Revenue Model
Company Description
BluGlass Limited, along with its affiliated entities, is dedicated to advancing semiconductor manufacturing technologies and creating innovative devices. Their offerings cater to various demanding sectors, including industrial, defense, display, a...
How the Company Makes Money
null...
BluGlass Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.06M | 5.45M | 4.62M | 1.15M | 604.75K |
| Gross Profit | -9.16M | 2.28M | 2.55M | -11.84M | -10.22M |
| EBITDA | -13.38M | -7.97M | -12.00M | -15.88M | -10.23M |
| Net Income | -10.39M | -10.98M | -10.14M | -11.75M | -9.36M |
Balance Sheet | |||||
| Total Assets | 27.41M | 23.93M | 23.14M | 21.70M | 20.46M |
| Cash, Cash Equivalents and Short-Term Investments | 11.34M | 5.74M | 5.57M | 4.26M | 5.35M |
| Total Debt | 8.06M | 7.10M | 4.68M | 4.49M | 4.63M |
| Total Liabilities | 13.00M | 12.34M | 8.25M | 7.81M | 7.24M |
| Stockholders Equity | 14.41M | 11.59M | 14.89M | 13.89M | 13.22M |
Cash Flow | |||||
| Free Cash Flow | -9.77M | -7.96M | -8.42M | -12.48M | -10.53M |
| Operating Cash Flow | -8.56M | -6.15M | -6.95M | -11.88M | -6.26M |
| Investing Cash Flow | -928.45K | -2.08M | -1.47M | -681.82K | -4.28M |
| Financing Cash Flow | 15.09M | 8.40M | 9.73M | 11.47M | 11.67M |
BluGlass Technical Analysis
Negative
0.28
Price Trends
0.32
Negative
0.30
Negative
0.28
Negative
Market Momentum
-0.01
Positive
42.32
Neutral
24.07
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 0.28 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.32, and above the 200-day MA of 0.28, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 42.32 is Neutral, neither overbought nor oversold. The STOCH value of 24.07 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | AU$1.41B | -33.62 | -18.45% | ― | 88.62% | 21.15% | |
51 Neutral | AU$825.75M | -13.08 | -49.37% | ― | 246.45% | -30.38% | |
47 Neutral | AU$50.82M | -3.33 | -96.35% | ― | -25.51% | 36.03% | |
44 Neutral | AU$293.05M | -9.38 | -91.74% | ― | 48.88% | 10.59% | |
43 Neutral | AU$54.02M | -7.23 | -51.46% | ― | ― | 8.76% | |
41 Neutral | AU$20.61M | -11.64 | -21.82% | ― | ― | 84.62% |
* Technology Sector Average
AU:BLG
BluGlass
0.26
0.06
28.14%
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Archer Materials
0.18
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BrainChip Holdings
0.14
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-26.32%
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0.01
0.00
0.00%
AU:SLX
Silex Systems Limited
4.91
0.96
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AU:WBT
Weebit Nano Ltd.
3.39
0.89
35.60%
BluGlass Corporate Events
BluGlass Issues New Shares for Incentives and Services Under Disclosure Exemption
Sep 3, 2026
BluGlass Limited has issued 1,743,092 new fully paid ordinary shares, comprising 1,530,217 shares granted to employees in lieu of cash for their FY26 short-term incentive awards and 212,875 shares allocated to a third-party adviser as consideratio...
BluGlass seeks ASX quotation for new incentive and services shares
Sep 3, 2026
BluGlass Limited has applied for quotation on the ASX of 1,743,092 new ordinary fully paid shares, expanding its listed capital base. The application, lodged on 3 September 2026, details the issuance under the ASX Listing Rules Appendix 2A framewo...
BluGlass Lodges 2026 Corporate Governance Disclosures with ASX
Aug 30, 2026
BluGlass Limited has lodged its Appendix 4G with the ASX for the year ended 30 June 2026, confirming that its corporate governance statement is available online and current as at 31 August 2026. The filing indicates the board has approved the gove...
BluGlass Narrows Annual Loss as Revenues Fall and Asset Backing Strengthens
Aug 30, 2026
BluGlass Limited reported a 10% decline in revenues from ordinary activities to A$10.48 million for the year ended 30 June 2026 while narrowing its loss attributable to members by 5% to A$10.39 million. Basic and diluted loss per share improved to...
BluGlass Appoints New Director With Significant Indirect Shareholding
Aug 21, 2026
BluGlass Limited has appointed Yam Rubenstein as a director effective 21 August 2026, formalising his role on the company’s board in line with ASX disclosure requirements. While Rubenstein holds no shares directly, he controls J76 BLG LLC, w...
BluGlass Adds Major Shareholder and Markets Veteran Yam Rubenstein to Board
Aug 21, 2026
BluGlass has appointed Israel-based entrepreneur and investor Yam Rubenstein as a Non-Executive Director, adding more than two decades of global financial markets experience to its board. As co-founder of June 76 investments and one of BluGlass...
BluGlass boosts GaN laser credentials with new contracts, record output and A$14.6m raise
Jul 30, 2026
BluGlass reported a strong June quarter, signing a A$1.4 million Phase II joint development contract with U.S. photonics firm Uviquity that expands laser integration and packaging work on deep-UV chip-based light sources. It also entered a A$1.3 m...
BluGlass Reports Lapse of Performance Rights, Trimming Potential Dilution
Jul 10, 2026
BluGlass Limited has notified the market of the cessation of 206,626 performance rights, which lapsed after their conditional requirements were not met or became incapable of being satisfied as of June 30, 2026. The move modestly reduces the compa...
BluGlass director boosts stake via approved share placement
Jun 22, 2026
BluGlass has disclosed a change in director Omer Granit’s relevant interests following his participation in a recent share placement. Through his controlled entity J76 BLG LLC, Granit acquired 8,333,334 fully paid ordinary shares at $0.24 pe...
BluGlass Seeks Quotation for Small Parcel of New Shares on ASX
Jun 16, 2026
BluGlass Limited has applied for the quotation of 3,590 additional ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 16 June 2026. The small issuance arises from the conversion of options or other convertible ...
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.