Lightwave Logic, Inc.
NASDAQ•LWLG
CEO: Mr. James S. Marcelli
Sector: Basic Materials
Industry: Chemicals - Specialty
Listing Date: 2006-05-16
Lightwave Logic, Inc. focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs. It also offers electro-optic modulators, which converts data from electric signals to optical signals for transmission over fiber-optic cables; and polymer photonic integrated circuits, a photonic device, which integrates various photonic functions on a single chip. In addition, the company provides the ridge waveguide modulator, a modulator that fabricates the waveguide within a layer of its electro-optic polymer system. It focuses on selling its products to electro-optic device manufacturers, contract manufacturers, original equipment manufacturers, foundries, packaging and assembly manufacturers, etc.; and semiconductor companies, optical network companies, Web 2.0/3.0 media companies, computing companies, telecommunications companies, aerospace companies, automotive companies, and government agencies and defense entities. The company was formerly known as Third-order Nanotechnologies, Inc. and changed its name to Lightwave Logic, Inc. in March 2008. Lightwave Logic, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.
Contact Information
Market Cap
$1.48B
P/E (TTM)
-64.8
34.5
Dividend Yield
--
52W High
$18.71
52W Low
$1.19
52W Range
Rank64Top 94.9%
1.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$29.17K+0.00%
4-Quarter Trend
EPS
-$0.04+0.00%
4-Quarter Trend
FCF
-$4.51M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Revenue Jumps Significantly Net Sales reached $236.86M in 2025, up 148% from $95.61M in 2024, driven by licensing and NRE revenue.
Net Loss Narrows Net Loss decreased 10% to $20.31M in 2025 from $22.54M in 2024, reflecting lower R&D expenses year-over-year.
Cash Position Strengthened Cash and equivalents grew to $69.02M by year-end 2025, supported by $32.83M net proceeds from the December 2025 Titan Offering.
Risk Factors
Continued Operating Losses Expected Substantial operating losses incurred since inception; anticipates continuing losses through at least 2027, requiring future capital financing.
Long Sales Cycles Delay Revenue Volume commercial revenue not expected until 2027 earliest; long qualification cycles risk delaying expense recovery and profitability realization.
Intense Technology Competition Faces competition from larger, established silicon photonics and Indium Phosphide technologies, potentially hindering market acceptance of polymer materials.
Outlook
Focus on Commercialization Milestones Three customer programs are in Stage 3 (Prototype); advancement depends on achieving yield targets and cost alignment objectives.
Leverage Fabless Manufacturing Model Strategy centers on leveraging established semiconductor foundry infrastructure rather than building proprietary wafer fabrication facilities for scalability.
Future Revenue Timing 2026 revenues expected primarily from material supply and NRE activities; high-volume production revenue anticipated starting 2027.
Peer Comparison
Revenue (TTM)
$3.24B
$1.95B
$1.88B
Gross Margin (Latest Quarter)
55.5%
52.9%
42.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| NEXA | $1.82B | 8.7 | 20.9% | 35.2% |
| SGML | $1.78B | -46.0 | -51.1% | 42.1% |
| LAR | $1.58B | 1.1 | 162.3% | 20.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.4%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Deep Research
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data