I'm happy that your happy, but for me its sadly just more of the same.......
Revenue for the Q = $240k Operational Expenses for the Q = $2,250,000 Capital Expenses (bought a new FAB) = $3,063,000
Currently at a Laser Diode convention in Munich handing out 'Data Sheets'......
Just short of this time last year (May/Jun/Jul) they had just received $8mil from yet another cap raise (ie, 'Hand Out') and we were promised Laser Diode Product sales by, at the most, around now, but lets call it 30 June.......
And they are now handing out 'Data Sheets' about the improvements they are 'making' to 'potential products'......
From the report - "BluGlass continues to make progress towards delivering reliability ahead of launching its first laser diode products to customers. The Company will continue to work with its contract manufacturers for initial product launches to meet customer demand over the next nine to 12 months. In parallel, BluGlass will commence adapting its Silicon Valley fab for gallium nitride production – a process expected to take several months to complete."
So yet more delays..... And the new toy, the 'FAB', will undoubtedly take time to bring up to speed, as BLG are sadly not renown for doing anything quickly, other than spending other peoples money......
When the hell are these guys going to actually produce a 'saleable' Laser Diode......????
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(20min delay)