Edison Investment Research is terminating coverage on Steakholder Foods (formerly known as MeaTech) (MITC), Mesoblast (MSB), Bluglass (BLG), InMed Pharmaceuticals (INM), Onxeo (ONXEO), Arcane Crypto (ARCANE) and Aberdeen Diversified Income and Growth Trust (ADIG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.
BluGlass has raised A$3.4m through a placement at A$0.03/share to purchase a laser diode fabrication facility (fab) in California’s Silicon Valley. It intends to raise up to A$7.5m through an entitlement offer to existing shareholders, also at A$0.03/share, which closes on 12 April 2022 using the proceeds to convert the fab to GaN laser diode production. The transaction is in line with management’s stated aim of bringing third-party processes in-house, but BluGlass is proceeding with this much s...
During H122, BluGlass focused on laser diode development, primarily on improving the reliability of its first-generation product. Recent performance data from prototypes demonstrated commercial light-output results and was very positively received by potential customers. BluGlass remains on track to launch its first laser diodes by mid-calendar 2022.
BluGlass’s Q122 activity was focused on laser diode product development, primarily working through reliability issues affecting its first-generation product with multiple fabrication specialists. The company also successfully demonstrated the world’s first working tunnel junction laser diodes manufactured using its proprietary RPCVD technology. Management expects that the A$6.1m (net) raised in July should provide a cash runway through to initial customer revenues from laser diode sales.
BluGlass’s Q122 activity was focused on laser diode product development, primarily working through reliability issues affecting its first-generation product with multiple fabrication specialists. The company also successfully demonstrated the world’s first working tunnel junction laser diodes manufactured using its proprietary RPCVD technology. Management expects that the A$6.1m (net) raised in July should provide a cash runway through to initial customer revenues from laser diode sales.
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.
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.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
BluGlass’s Q421 activities were dominated by an oversubscribed entitlement offer and placements, which collectively raised A$8.4m (gross). These funds are intended to provide a cash runway through to initial sales of high-performance laser diodes, which the company plans to start shipping at scale over the coming year.
Edison Investment Research Limited BluGlass (BLG): Initiation - Brighter future, lower temperature 09-Jun-2021 / 21:00 GMT/BST London, UK, 9 June 2021 BluGlass (BLG): Initiation - Brighter future, lower temperature 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 revenu...
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