BluGlass Limited provided earnings guidance for the full year of 2014. For the full year, the company's operating loss is likely to be in the order of $2.8 million to $3.1 million. This compares to the $1.67 million operating loss for the corresponding prior year (2013 financial year).

The increase in operating loss for the 2014 financial year is primarily a result of the recognition, as sundry income, of one tax research and development rebate in the 2014 financial year.