Yes laser sales are clearly not where they were meant to be, so far. BluGlass seems to be being paid more for research and development this FY.
$5.37M R&D tax rebate 9 December $2.9M CLAWS hub funding 14 November $1.2M Uviquity Joint Development Agreement 22 October $1.93M Payment for IP transfer to European wafer developer 4 July - developed from contract foundry services for this customer since January 2022
By my count that is $11.4M being paid essentially to do stuff that has not been done before, not including the $ paid for the EpiBlu Foundry work to develop the IP, but that was probably the previous FY.
I do wonder if the work for the wafer developer was contracted now if there would have been a MasterSupply Agreement in there too.
Am I correct in believing that at least some of the R&D tax rebate is for funds expended that have come in from other sources, e.g. last FY year from CLAWS to spend on R&D? And larger amounts from CLAWS and Uviquity this FY?
BLG Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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