Want to see AU:BLG full AI Analyst Report?
Top Page
BluGlass
(Sydney:BLG)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.20
â–¼(-28.57% Downside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by weak financial performance (continued losses, negative gross profit in 2026, and persistent negative operating/free cash flow) and bearish technical trend signals (price below key moving averages with negative MACD). Valuation provides only limited support because a negative P/E reflects ongoing losses and no dividend yield data is available.
Positive Factors
GaN laser technology focus
A focused GaN laser diode platform gives BluGlass exposure to photonics and optoelectronics applications while building specialised technical capability. Its proprietary processes are intended to improve performance and manufacturability, supporting potential commercialisation across relevant laser markets over time.
Negative Factors
Sharp revenue contraction
The substantial 2026 revenue decline demonstrates that demand or commercial execution remains volatile and that the prior expansion has not yet translated into a dependable growth trajectory. Sustained contraction could slow product commercialisation, reduce operating leverage, and increase reliance on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
GaN laser technology focus
A focused GaN laser diode platform gives BluGlass exposure to photonics and optoelectronics applications while building specialised technical capability. Its proprietary processes are intended to improve performance and manufacturability, supporting potential commercialisation across relevant laser markets over time.
Read all positive factors
BluGlass (BLG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$41.39M
Dividend YieldN/A
Average Volume (3M)332.15K
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue Growth-25.51%
EPS Growth36.03%
CountryAU
Employees25
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.08
Shares Outstanding192,531,590
10 Day Avg. Volume374,943
30 Day Avg. Volume332,155
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
0.28
Negative
0.30
Negative
0.28
Negative
Market Momentum
-0.02
Positive
39.60
Neutral
17.78
Positive
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 above the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.28, and above the 200-day MA of 0.28, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.60 is Neutral, neither overbought nor oversold. The STOCH value of 17.78 is Positive, 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% | |
54 Neutral | AU$293.05M | -8.44 | -91.74% | ― | 48.88% | 10.59% | |
51 Neutral | AU$900.57M | -15.12 | -49.37% | ― | 246.45% | -30.38% | |
48 Neutral | AU$1.17B | -29.51 | -18.45% | ― | 88.62% | 21.15% | |
45 Neutral | AU$41.39M | -2.93 | -96.35% | ― | -25.51% | 36.03% | |
43 Neutral | AU$46.91M | -7.63 | -51.46% | ― | ― | 8.76% | |
41 Neutral | AU$15.46M | -9.05 | -21.82% | ― | ― | 84.62% |
* Technology Sector Average
AU:BLG
BluGlass
0.22
-0.02
-8.33%
AU:AXE
Archer Materials
0.19
-0.07
-26.92%
AU:BRN
BrainChip Holdings
0.13
-0.08
-37.50%
AU:4DS
4DS Memory
0.01
0.00
0.00%
AU:SLX
Silex Systems Limited
4.17
-2.96
-41.51%
AU:WBT
Weebit Nano Ltd.
3.78
0.21
5.88%
BluGlass Corporate Events
BluGlass Reports Lapse of 446,279 Performance Rights
Sep 29, 2026
BluGlass Limited has notified the market that a tranche of its performance rights has ceased, reflecting the lapse of conditional rights that did not meet required performance or vesting conditions. The affected securities, designated as BLGAL per...
BluGlass Confirms New Share Issues Under Australian Disclosure Exemptions
Sep 29, 2026
BluGlass Limited has issued 395,601 new fully paid ordinary shares on 23 September and a further 369,974 shares on 29 September 2026. The newly issued shares were allotted to investors without a disclosure document, relying on provisions in the Co...
BluGlass Seeks ASX Quotation for New Ordinary Shares
Sep 29, 2026
BluGlass Limited, listed on the Australian Securities Exchange under the ticker BLG, represents its equity through ordinary fully paid shares. The company’s presence on the ASX provides investors with tradable exposure to its operations and ...
BluGlass Seeks ASX Quotation for Additional Ordinary Shares
Sep 29, 2026
BluGlass Limited has applied for the quotation of 395,601 ordinary fully paid shares on the ASX, with the new securities issued on September 23, 2026.The application indicates a modest increase in the company’s tradable share base, supportin...
BluGlass Plans New Share Placement on ASX
Sep 23, 2026
BluGlass Limited has announced a proposed placement of up to 369,974 ordinary fully paid shares on the ASX. The new securities are scheduled for issue on 30 September 2026, reflecting the company’s continued use of equity capital to bolster ...
BluGlass Secures A$8 Million R&D Loan to Accelerate GaN Laser Growth
Sep 23, 2026
BluGlass has secured a new A$8.0 million research and development loan facility from Rockford RDF Pty Ltd, replacing its existing A$2.27 million Radium facility and delivering about A$5.5 million in additional funding liquidity once the prior loan...
BluGlass sets date for 2026 AGM and moves to primarily digital meeting materials
Sep 23, 2026
BluGlass has scheduled its 2026 Annual General Meeting as a physical event on 23 October in Sydney, with shareholders invited to attend in person at the offices of Automic Group. The company is shifting primarily to electronic distribution of meet...
BluGlass strikes Coherent partnership to develop novel GaN laser device
Sep 20, 2026
BluGlass has entered an early-stage collaboration with photonics giant Coherent to co-develop a novel GaN-based device aimed at high-performance visible-wavelength laser applications in scientific instrumentation and medical markets. The A$286,000...
BluGlass Flags Assumptions and Risks in GaN Laser Technology Update
Sep 15, 2026
BluGlass has released an update outlining the next evolution of its GaN laser technology, emphasizing that the information provided is indicative and based on internal assumptions and modelling. The company highlights that its service addressable ...
BluGlass to Present at iAccess Alpha Best Ideas Conference
Sep 11, 2026
BluGlass Limited will showcase its investment case at the iAccess Alpha Virtual Best Ideas Fall Investment Conference 2026, where CEO Jim Haden will present on September 15, followed by one-on-one meetings with pre-qualified investors alongside Ex...
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...
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.