The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 36.5M (2021) → 93.5M (2025)
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, and scientific markets across Australia and the United States. A cornerstone of their operations is the development and commercialization of their patented remote plasma chemical vapor deposition (RPCVD) technology. This low-temperature method is specifically designed to produce high-performance gallium nitride laser diodes. Furthermore, BluGlass provides expert foundry services. The company was established in 2005 and is based in Silverwater, Australia.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
+19.2% YoY
YoY Growth Rate
Steady revenue growth
+49.0% YoY
YoY Growth Rate
EPS growth accelerating
$0/ year
0.0% of revenue
Below sector average (15%)
Research and development spending
~11 months
$3M cash & investments
Quarterly Free Cash Flow
↓ Burn rate worsening
Short runway — potential dilution ahead through share issuance
BluGlass Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.
The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.
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Negative ROIC means the business is losing money on every dollar invested in it.
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Free cash flow is negative. They are burning cash, not generating it.
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See every metric, trend, and what it means for this stock.
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See every metric, trend, and what it means for this stock.
