BluGlass (BLG) Q4 2026 TU earnings summary

Executive summary

• Secured A$1.4 million Phase II contract with Uviquity and A$1.3 million development agreement with a Fortune 500 data storage leader.

• Achieved a world-record 1.9W peak output from a single-mode blue GaN laser, reinforcing technical leadership.

• Raised A$14.6 million through institutional placement, options exercise, and shortfall agreement, strengthening the balance sheet.

• Expanded U.S. presence and deepened engagement with government, industry, and investors.

Financial highlights

• Quarterly customer receipts were A$201k, with R&D expenditure at A$3.01 million.

• Cash and cash equivalents at quarter-end totaled A$11.48 million.

• Net cash used in operating activities for the quarter was A$4.46 million.

• Financing activities provided A$13.41 million net cash inflow for the quarter.

Outlook and guidance

• Focus remains on building a leading U.S. visible laser company and converting opportunities from a US$100 million pipeline.

• Increased interest from AI and data center applications expected to drive future growth.

• Well-funded to advance commercialization strategy and pursue new customer opportunities.