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Lightwave Logic, Inc. logo

Lightwave Logic, Inc.

LWLG

NASDAQBasic MaterialsChemicals - Specialty

Open in GoAI

Previous close

$6.19

+$0.09 · +1.48%

Aug 21, 4:00 PM ET

Pre-market

$6.15

−$0.04 · -0.65%

Aug 24, 5:03 AM ET

LWLG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

42

Fair Value

Momentum

31

Weakening

Sentiment

62

Bullish

Risk resilience

24

High Risk

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Company profile

Company website

Lightwave Logic, Inc. focuses on the development and commercialization of electro-optic polymer materials for data communications and other photonic application in the United States and internationally. The company sells electro-optic (EO) polymer materials for integration into silicon photonics and other photonic integrated circuit platforms under the Perkinamine name. It is also involved in intellectual property licensing; and royalty activities. The company serves semiconductor foundries, silicon photonics device designers, and optical module manufacturers, as well as system integrators serving artificial intelligence, cloud computing, data center, and telecommunications markets. 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.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
US
CEO
Yves LeMaitre
Listed since
May 16, 2006
Employees
34

Market position

Day range

Current $6.19

52-week range

Current $6.19

Open
$6.215
Previous close
$6.10
Volume
1.78M
0.27× average
Average volume
6.55M
Average daily volume
Market cap
953.76M USD
Beta
2.45
Market reference 1
50-day average
$7.4794
-17.24% below average
200-day average
$7.1765
-13.75% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
350.34M USD
EV / EBITDA
-19.24×
Earnings yield
-4.87%
Free cash flow yield
-3.62%

Profitability & efficiency

Return on equity
-27.21%
Return on assets
-24.87%
Return on invested capital
-26.04%

Financial health

Current ratio
32.69×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends5344%-15656%-36656%-57655%Gross margin, FY2023: 93.80%Gross margin, FY2024: 92.27%Gross margin, FY2025: -793.18%Operating margin, FY2023: -52405.47%Operating margin, FY2024: -24150.56%Operating margin, FY2025: -8765.46%Net margin, FY2023: -51943.19%Net margin, FY2024: -23570.99%Net margin, FY2025: -8576.47%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2023 93.80%. Gross margin FY2024 92.27%. Gross margin FY2025 -793.18%. Operating margin FY2023 -52405.47%. Operating margin FY2024 -24150.56%. Operating margin FY2025 -8765.46%. Net margin FY2023 -51943.19%. Net margin FY2024 -23570.99%. Net margin FY2025 -8576.47%.

Income trends

Revenue

236.86K USD+147.74%

Operating income

−20.76M USD+10.08%

Net income

−20.31M USD+9.86%
Income trends across reported periods2.57M USD−6.76M USD−16.09M USD−25.42M USDRevenue, FY2023: 40.5K USDRevenue, FY2024: 95.61K USDRevenue, FY2025: 236.86K USDOperating income, FY2021: −17M USDOperating income, FY2022: −17.14M USDOperating income, FY2023: −21.23M USDOperating income, FY2024: −23.09M USDOperating income, FY2025: −20.76M USDNet income, FY2021: −18.63M USDNet income, FY2022: −17.23M USDNet income, FY2023: −21.04M USDNet income, FY2024: −22.54M USDNet income, FY2025: −20.31M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2023 40.5K USD. Revenue FY2024 95.61K USD. Revenue FY2025 236.86K USD. Operating income FY2021 −17M USD. Operating income FY2022 −17.14M USD. Operating income FY2023 −21.23M USD. Operating income FY2024 −23.09M USD. Operating income FY2025 −20.76M USD. Net income FY2021 −18.63M USD. Net income FY2022 −17.23M USD. Net income FY2023 −21.04M USD. Net income FY2024 −22.54M USD. Net income FY2025 −20.31M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue236.86K USD95.61K USD40.5K USD——
Cost of goods sold2.12M USD7.4K USD2.51K USD1.05M USD878.52K USD
Gross profit−1.88M USD88.21K USD37.99K USD−1.05M USD−878.52K USD
Research and development11.49M USD16.81M USD15.9M USD12.81M USD12.48M USD
Selling, general, and administrative7.39M USD6.37M USD5.36M USD3.29M USD3.64M USD
Operating expenses18.88M USD23.18M USD21.26M USD16.09M USD16.12M USD
Interest income842.45K USD926.85K USD657.55K USD91.66K USD13.83K USD
Interest expense———91.66K USD—
Depreciation and amortization2.11M USD1.88M USD1.3M USD1.05M USD878.52K USD
Operating income−20.76M USD−23.09M USD−21.23M USD−17.14M USD−17M USD
Net income−20.31M USD−22.54M USD−21.04M USD−17.23M USD−18.63M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.04

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.03-0.05-0.07-0.09Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual -0.04, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 18, 2025: actual -0.05, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual -0.04, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual -0.05, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual -0.04, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 20, 2026: actual -0.04, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual -0.04, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 11, 2026: actual -0.04, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates170.07K119.87K69.67K19.48KQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual 22.92K USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 18, 2025: actual 22.92K USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 22.92K USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual 25.61K USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual 29.17K USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 20, 2026: actual 159.17K USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 29K USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 11, 2026: actual 32.75K USD, estimate —, surprise —, Comparison unavailable.

LWLG news

247wallst.com

Blaize Holdings, Lightwave Logic, nLight Diverge in Big Price Swings Today

Today's action is a study in contrast for small and mid-cap photonics and AI hardware names.

Read source
seekingalpha.com

Lightwave Logic, Inc. (LWLG) Q2 2026 Earnings Call Transcript

Lightwave Logic, Inc. (LWLG) Q2 2026 Earnings Call Transcript

Read source
marketbeat.com

Lightwave Logic Q2 Earnings Call Highlights

Lightwave Logic NASDAQ: LWLG said its second-quarter efforts focused on advancing its electro-optic polymer technology from development toward commercialization, with the company expanding its number of Stage 3 customer…

Read source
accessnewswire.com

Lightwave Logic, Inc. Announces Timing of Second Quarter 2026 Financial Results and Business Update Call

ENGLEWOOD, CO / ACCESS Newswire / August 3, 2026 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), a technology platform company leveraging its proprietary electro-optic (EO) polymers to enable next-generation…

Read source
seekingalpha.com

Lightwave Logic: Back To Earth, But It Is Still Too Risky For Me

Lightwave Logic has corrected sharply, now trading at more attractive levels but remains high-risk amid ongoing AI sector volatility. I expect Q2 to show minimal revenue, deepening losses, and a focus on…

Read source
accessnewswire.com

Lightwave Logic, Inc. Announces Appointment of Fred Graffam as Chief Financial Officer

Mr. Graffam brings 20+ years of financial leadership including diverse public company CFO experience ENGLEWOOD, CO / ACCESS Newswire / July 20, 2026 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), a technology…

Read source

ETFs holding LWLG

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
30.21M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
25.02M
Weight
0.03%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
20.34M
Weight
0.01%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
11.18M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
9.07M
Weight
0.06%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
5.82M
Weight
0.03%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
State Street SPDR S&P Kensho New Economies Composite ETF logoState Street SPDR S&P Kensho New Economies Composite ETFKOMP
Market value
4.7M
Weight
0.17%
AUM
2.71B USD
Expense ratio
0.20%
Price / 1D
$69.24+0.92%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
4.39M
Weight
0.02%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%

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