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
$1.02B
P/E (TTM)
-43.5
33.7
Dividend Yield
--
52W High
$8.04
52W Low
$0.79
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
Q3 2025 Data
Revenue
$29.17K+27.27%
4-Quarter Trend
EPS
-$0.04-141.32%
4-Quarter Trend
FCF
-$3.13M-25.82%
4-Quarter Trend
2025 Q2 Earnings Highlights
Key Highlights
Net Loss Reduced by Restatement Q2 2025 Net Loss decreased by $705,499 due to non-cash compensation expense correction; loss was $(4.97M).
R&D Expenses Decreased Six-month R&D expenses fell 36% to $5.71M, driven by lower non-cash stock amortization and outside services costs.
Cash Runway Secured Current cash position finances operations through October 2026; $27.85M remains available under the 2025 Purchase Agreement.
Risk Factors
Sustained Operating Losses Company incurred substantial operating losses since inception; anticipates continued losses through at least 2025, reaching $156.7M deficit.
Future Capital Needs Requires additional financing after October 2026 to sustain operations; failure to secure funds may substantially limit operations.
General Administrative Costs Six-month G&A expenses increased 31% to $4.14M, driven by higher salary and stock amortization expenses.
Outlook
Focus on Polymer Development Commercial focus shifted to EO Polymer materials development and manufacturing; discontinuing active promotion of PICs/packaged devices.
Increased Operational Spending Expect substantial R&D expenses to increase supporting commercialization, foundry integration, and hiring technical personnel.
Technology Expansion Goal Aims for ubiquitous polymer technology platform across automotive, sensing, displays, aerospace, and defense market verticals.
Peer Comparison
Revenue (TTM)
$2.98B
$2.09B
$1.88B
Gross Margin (Latest Quarter)
39.3%
27.4%
25.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| NEXA | $1.27B | 9.5 | 14.2% | 34.6% |
| GPRE | $1.15B | -9.5 | -15.8% | 32.2% |
| SGML | $1.10B | -41.1 | -33.4% | 48.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
8.4%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Deep Research
Next earnings:May 7, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data