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Lightwave Logic, Inc.(LWLG)Earnings, Financials & Key Ratios
LWLG•NASDAQ
$7.40
Price updated Jul 6, 2026
SectorBasic MaterialsIndustrySpecialty ChemicalsSub-IndustryElectronic materials and plating chemicals
AboutLightwave Logic, Inc., a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States. The company is involved in designing and synthesizing 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, such as telecommunications component and systems manufacturers, networking and switching suppliers, semiconductor companies, Web 2.0 media, computing companies, aerospace companies, and government agencies. 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.Show more
- Revenue$237K+147.7%
- EBITDA-$19M+12.1%
- Net Income-$20M+9.9%
- EPS (Diluted)-0.16+15.8%
- Gross Margin-793.18%-959.7%
- EBITDA Margin-7875.16%+64.5%
- Operating Margin-8765.46%+63.7%
- Net Margin-8576.47%+63.6%
- ROE-37.59%+41.7%
LWLG Price & Volume
Lightwave Logic, Inc. (LWLG) stock price & volume — 10-year historical chart
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Pre-Revenue Photonics Innovation Faces Commercialization Hurdles
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Healthy
Cash Flow:Burning
Primary Risk:Binary commercialization failure risk
Key Thesis Takeaways
- Lightwave Logic remains a high-risk, pre-commercial entity focused on developing proprietary organic polymer-based optical modulators, with its financial profile defined by heavy R&D spending and negligible revenue generation.
- While the company maintains a robust liquidity position with $75.1 million in cash as of 2026Q1, the path to profitability remains uncertain as it competes against established inorganic semiconductor technologies.
- Investors should monitor the company's ability to transition from prototype fabrication to meaningful commercial volume, as the current $173.6 million accumulated deficit underscores the significant capital required to sustain operations.
Verdict Logic
the company's reliance on external capital to fund its $3.5 million quarterly R&D spend, combined with a lack of recurring commercial revenue, presents a binary risk profile for long-term investors.
LWLG Growth Metrics
Lightwave Logic, Inc. (LWLG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM175.93%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-1.69%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM7.74%
Return on Capital
10 Years-90.34%
5 Years-66.18%
3 Years-53.57%
Last Year-35.93%
LWLG Recent Earnings
Lightwave Logic, Inc. (LWLG) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.04
—
Rev
$29,000
—
Q2 2026
Mar 20, 2026Metric
Actual
Est
EPS
$0.04
—
Rev
$159,167
—
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.04
—
Rev
$29,166
—
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.05
—
Rev
$25,605
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.04 | $29,000 |
| Q2 2026 | Mar 20, 2026 | $0.04 | $159,167 |
| Q4 2025 | Nov 14, 2025 | $0.04 | $29,166 |
| Q3 2025 | Aug 14, 2025 | $0.05 | $25,605 |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Lightwave Logic, Inc. (LWLG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $7.40 | $1.14B | -46.25 | 147.74% | -8576.47% | -37.59% | — | |
| $8.95 | $1.18B | -13.16 | 2494.6% | -5784.57% | -43.65% | — | |
| $58.70 | $2.76B | -36.92 | 12.74% | -11.54% | -6.84% | — | |
| $123.36 | $9.74B | -192.75 | 82.75% | -8.55% | -6.14% | — | |
| $731.25 | $52.21B | 1976.35 | 21.03% | 17.68% | 30.68% | — | |
| $335.70 | $53.23B | -645.58 | 23.42% | 10.59% | 6.94% | — |
Compare LWLG vs Peers
Lightwave Logic, Inc. (LWLG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LWLG SEC Filings & Documents
Lightwave Logic, Inc. (LWLG) SEC filings — annual & quarterly reports (10-K, 10-Q)
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LWLG Frequently Asked Questions
Lightwave Logic, Inc. (LWLG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Lightwave Logic, Inc.'s revenue?
Lightwave Logic, Inc. (LWLG) reported $0.2M in revenue for fiscal year 2025.
How fast is Lightwave Logic, Inc. growing?
Lightwave Logic, Inc. (LWLG) grew revenue by 147.7% over the past year. This is strong growth.
Is LWLG profitable?
Lightwave Logic, Inc. (LWLG) reported a net loss of $21.9M for fiscal year 2025.
Dividend & Returns
What is LWLG's return on equity?
Lightwave Logic, Inc. (LWLG) has a return on equity (ROE) of -37.6%. Negative ROE indicates the company is unprofitable.
What is Lightwave Logic, Inc.'s free cash flow?
Lightwave Logic, Inc. (LWLG) had negative free cash flow of $15.2M in fiscal year 2025, likely due to heavy capital investments.