Ann: Trading Halt, page-11

corp connect analyst report is investhouse /raise/458ca7a7-7a41-4118-8df9-24e2edc18a3c

not sure how they won't be making money with 2.5x revenue, but the suggested growth is nonetheless impressive. wonder what is causing the continued loss.


Outlook
Looking forward, BLG is expected to continue its strategy of pursuing medium and large product development projects with followon production potential to scale its laser and project revenues. The company will seek to leverage collaborations with industry and
academic partners to develop innovative new GaN laser products, solve customer challenges, and support increased adoption of
GaN lasers in applications across high-growth industries.
BLG will concurrently look to further optimise its Silicon Valley manufacturing fab to improve laser performance and yield, support
new and repeat customer orders, and qualify its visible lasers within customer applications. As the company executes its technical
and commercial roadmaps, each milestone enhances its ability to grow market influence and drives the business towards
sustainable profit and positive operating cash flow.
As a pure-play provider, BLG is strongly positioned to capitalise on the rapidly-growing GaN laser systems market. This is
underpinned by BLG’s world-leading performance of its single-mode and DFB lasers for the rapidly emerging ultra-precision
markets, such as quantum, defence, and aviation, combined with greater manufacturing and packaging flexibility, and proprietary
architectures that improve laser performance and facilitate next-generation applications.
Given the significant advantages of GaN lasers over traditional infrared lasers, they continue to grow overall market share. We
expect the company will see a significant increase in laser diode revenues over coming periods as it scales up manufacturing
activity, subject to ongoing successful product qualification.