Lightwave Logic Inc. LWLG

5.31 0.03 0.57% as of 25 Sep
Market cap
$829.4M
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 1.53
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell 3 — 2 2 — 1 6 — 1 — — —
Insider Ownership 0.55%

Capital & Financial Ratios

Market Cap 829.42
Revenue 0.25
Net Income (23.56)
Free Cash Flow (18.95)
Net Debt (95.91)
Current Ratio 62.84
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 3,254.69
P/B ratio 7.82
Past 5Y EPS Growth (18.26%)
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 31 28 69 96
Receivables 0 0 0 0
Inventory — — — —
Other — — — —
33 28 70 98
2023 2024 2025 Q'26
Payables 2 1 1 1
ST’ Debt — — — —
Other 0 0 0 0
3 2 2 2
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — 355.91%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 31.02% 66.83% 39.41%

Revenue

Mar Jun Sep Dec Year
’26 0 0 — — —
’25 0 0 0 0 0
’24 0 0 0 0 0
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (4) (6) — — —
’25 (3) (4) (3) (3) (14)
’24 (5) (4) (4) (3) (16)
’23 (4) (3) (3) (2) (12)
’22 (3) (3) (2) (3) (11)
’21 (1) (2) (1) (6) (10)
’20 (1) (1) (1) (1) (5)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (5) (7) — — —
’25 (4) (4) (3) (4) (16)
’24 (6) (5) (4) (4) (18)
’23 (4) (4) (4) (4) (16)
’22 (3) (3) (3) (3) (12)
’21 (2) (2) (2) (6) (11)
’20 (1) (1) (1) (1) (5)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.04) (0.04) — — —
’25 (0.04) (0.04) (0.04) (0.04) (0.16)
’24 (0.05) (0.05) (0.04) (0.05) (0.19)
’23 (0.05) (0.05) (0.04) (0.04) (0.18)
’22 (0.03) (0.03) (0.04) (0.04) (0.15)
’21 (0.02) (0.04) (0.04) (0.08) (0.18)
’20 (0.02) (0.02) (0.02) (0.02) (0.07)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
0.44 0.62 0.63 0.62 0.48 0.90 3.91 3.79 1.75 0.79

Analyst estimates 2026–2028

Powerpack
Low Price
0.87 1.86 1.33 1.30 1.10 20.30 16.79 9.18 5.30 6.26
High Price
— 16 17 18 19 19 21 33 31 34
Employees
— 0 0 0 0 0 0 0 0 0
Revenue/Emp
— — — — — — — 0 0 0
Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 93.83% 92.26% 97.09%
Gross Margin
(4) (6) (6) (7) (7) (19) (17) (21) (23) (20)
EBT
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% (51,945.68%) (23,572.18%) (8,574.84%)
EBT Margin
(4) (6) (6) (7) (7) (19) (17) (21) (23) (20)
Net Income
0 0 0 1 1 1 1 2 2 3
Depreciation
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Revenue/Sh
(0.07) (0.08) (0.08) (0.08) (0.07) (0.18) (0.15) (0.18) (0.19) (0.16)
Earnings/Sh
(0.05) (0.06) (0.06) (0.06) (0.05) (0.10) (0.09) (0.11) (0.13) (0.11)
Cash Flow/Sh
0.00 0.00 (0.02) 0.00 0.00 (0.01) (0.01) (0.03) (0.02) (0.01)
Capex/Sh
(0.05) (0.07) (0.08) (0.06) (0.06) (0.11) (0.11) (0.14) (0.15) (0.12)
Free CF/Sh
0.05 0.07 0.06 0.06 0.06 0.24 0.25 0.32 0.28 0.58
Book Value/Sh
66 71 76 83 92 105 112 115 121 129
Shares
— — — — — — — 0.00 0.00 0.00
PE Ratio
— — — — — — — 0.00 2,649.16 1,759.21
PS Ratio
— — — — — — — 14.58 7.58 5.58
PB Ratio
— — — — — — — 0.00 2,359.75 1,467.88
EV/Sales
— — — — — — — (31.56) (12.36) (22.34)
EV/FCF
(3) (4) (4) (5) (5) (10) (11) (12) (16) (14)
Op' Cash Flow
0 0 (1) 0 0 (1) (2) (4) (3) (2)
Capex
(3) (5) (6) (5) (5) (11) (12) (16) (18) (16)
FCF
2 3 2 2 3 22 24 30 26 68
Working Cap'
— — — 1 1 1 0 — — —
Total Debt
(2) (3) (2) (2) (3) (23) (24) (31) (28) (69)
Net Debt
3 5 5 5 6 25 28 36 33 75
Sh' Equity
(106.23%) (127.24%) (102.16%) (109.59%) (94.64%) (107.71%) (61.00%) (59.22%) (56.63%) (34.73%)
ROA
(234.40%) (224.99%) (128.11%) (147.85%) (167.09%) (599.58%) (310.43%) (265.23%) (250.71%) (230.54%)
ROIC
(109.27%) (142.38%) (116.35%) (137.08%) (125.72%) (120.28%) (65.32%) (65.76%) (64.52%) (37.59%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Lightwave Logic Inc. peers in Specialty Chemicals

All 60 Specialty Chemicals stocks →

Lightwave Logic Inc. (LWLG) key facts

  • Lightwave Logic Inc. (LWLG) is a Specialty Chemicals company in the Basic Materials sector, listed on Nasdaq.
  • Lightwave Logic Inc.’s revenue for fiscal 2025 (year ended December 2025) was $236,900.00, up 147.8% from fiscal 2024.
  • Lightwave Logic Inc. reported a net loss of $20.3 million, or a loss of $0.16 per share, for fiscal 2025.
  • As of September 25, 2026, LWLG traded at $5.31, a market capitalization of $829.4 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 3,255× sales.
  • Return on equity was −37.6% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Lightwave Logic Inc. (LWLG) Latest News

News by impact score

Fine-tune

18 Aug

3

Lightwave Logic reports rising sales but wider losses, highlighting uncertainties around its ability to scale operations profitably. Rising sales alongside wider losses point to mixed financial results that may affect near-term market sentiment without fundamentally shifting long-term trajectory.

11 Aug

4 transcript

Lightwave Logic Inc (LWLG) highlighted advancements in polymer photonics during its Q2 2026 earnings call. Polymer photonics advancements represent major strategic progress that can significantly shift company trajectory and investor sentiment.

3 transcript

Lightwave Logic discussed Q2 financial results, operational progress and strategic plans during its earnings call. Q2 earnings updates may moderately influence near-term investor sentiment and operational outlook.

3 transcript

Lightwave Logic, Inc. released its Q2 2026 earnings call summary covering financial results, operational updates and forward outlook. Quarterly earnings disclosure supplies fresh financial metrics and guidance that can shift near-term investor perception and trading activity.

14 May

4

Lightwave Logic, Inc. released Q1 2026 earnings call summary highlighting financial results, operational updates, and future outlook. Q1 2026 earnings summary details financial performance and strategic guidance directly influencing LWLG's market trajectory and investor sentiment.

4

Lightwave Logic (LWLG) valuation analyzed after new AI optics developments and foundry integration updates. AI optics and foundry integration updates represent major strategic advancements enhancing LWLG's competitive position in high-growth markets.

3

Lightwave Logic Inc. (LWLG) shares slipped despite revenue growth and expanded market opportunities. Revenue growth bolsters financial performance and expanded market opportunities strengthen competitive positioning, creating moderate overall impact despite share decline.

13 May

4

Lightwave Logic Inc. (LWLG) stock surges to all-time high as investors wager on robust Q1 earnings. All-time high stock price reflects strong investor optimism for Q1 results, poised to significantly elevate market performance and trajectory.

4

Lightwave Logic Inc. Q1 earnings call highlighted revenue growth, progress in electro-optic polymer technology, strategic partnerships, and optimistic full-year guidance amid AI data center demand. Q1 results show revenue increases, tech advancements, and market positioning shifts boosting future growth prospects.

4 transcript

Lightwave Logic Inc. (LWLG) released the full transcript of its Q1 2026 earnings call, detailing financial results, operational updates, and forward-looking guidance. Q1 2026 earnings call transcript discloses financial performance, strategic initiatives, and market outlook that could significantly influence LWLG's trajectory and investor sentiment.

7 May

4

Lightwave Logic Inc. (LWLG) announces availability of Version 1.1 of its Polymer Photonics PDK, advancing process integration and foundry transfer. PDK Version 1.1 release advances key polymer photonics processes, enabling foundry transfers and strengthening LWLG's competitive edge in electro-optic tech.

2 May

4

Lightwave Logic (LWLG) integrates with a foundry, quietly positioning the company for commercial scale by streamlining production of its photonic polymers for AI data centers and telecom. Foundry integration marks a major strategic advancement enabling scalable manufacturing and faster market entry for LWLG's electro-optic polymers.

1 May

4

Lightwave Logic (LWLG) stock surges to a 4-year high amid anticipation of upcoming business updates. LWLG's stock reaching a 4-year high reflects significant market optimism for business updates that could alter its trajectory.

29 Apr

4

Lightwave Logic (LWLG) engages intellectual property advisors to support expansion of its licensing model. IP advisory engagement bolsters licensing expansion, enabling potential revenue growth and strategic market positioning.

3

Lightwave Logic Inc. (LWLG) engages Michael Best as Strategic Intellectual Property Advisor to strengthen IP strategy. Hiring a strategic IP advisor bolsters intellectual property protection and competitive positioning with moderate impact on future performance.

26 Apr

4

Lightwave Logic (LWLG) faces valuation check following GDSFactory partnership and robust AI-themed share price momentum. GDSFactory partnership advances LWLG's photonic technology integration for AI data centers, fueling significant share price gains and strategic positioning.

3

Jim Cramer calls Lightwave Logic (LWLG) the perfect candidate for selling half your stock tomorrow morning. Cramer's high-profile sell recommendation could noticeably pressure LWLG's stock price short-term via follower actions.

22 Apr

4

Lightwave Logic (LWLG) stock surged to an all-time high driven by a key development boosting investor enthusiasm and highlighting the company's advancements in photonic integrated circuits and electro-optic polymers. Key catalyst propelled LWLG stock to all-time high, signaling major positive shift in market sentiment and potential for enhanced future performance.

20 Apr

4

AI boom drives Lightwave Logic Inc. (LWLG) shares to a 4-year high. Shares surging to 4-year high on AI momentum signals major boost to investor sentiment and market performance.

12 Apr

4

Lightwave Logic Inc. (LWLG) secures new foundry partnerships, potentially redefining its commercialization path by enabling faster production scaling and market entry for its photonic technologies. New foundry ties enable major strategic commercialization advances, significantly impacting LWLG's production scalability and investor sentiment.

16 Mar

4

Tower Semiconductor (TSEM) enters development agreement with Lightwave Logic Inc. (LWLG) to collaborate on advanced photonic integrated circuit technology. Development agreement with leading foundry Tower Semiconductor advances LWLG's photonic tech toward commercialization, boosting strategic positioning and investor interest.

4

Lightwave Logic's high-speed modulator platform is now available in GDS Factory PDK for GlobalFoundries' Silicon Photonics Platform, enabling streamlined integration for photonic integrated circuit designers worldwide. Integration into GlobalFoundries PDK accelerates adoption of LWLG modulators in high-volume silicon photonics production.

13 Mar

4

Lightwave Logic Inc. (LWLG) Tower Deal could quietly reshape its silicon photonics investment narrative. Tower Deal signals major strategic partnership enabling silicon photonics production scale-up for LWLG.

12 Mar

4

Lightwave Logic Inc. (LWLG) stock rocketed as Thursday's biggest mover after announcing a deal with Tower Semiconductor to advance commercial production of its electro-optic polymer technology for data centers and AI applications. Strategic manufacturing partnership with Tower Semiconductor enables scalable production of LWLG's photonic chips, significantly enhancing commercial prospects and investor confidence.

11 Mar

4

Lightwave Logic and Tower Semiconductor announced a development agreement to enable Lightwave Logic's high-speed, low-power modulators on Tower's PH18 silicon photonics platform, targeting applications in data centers, AI, telecom, and computing. Partnership with Tower Semiconductor integrates LWLG's modulator technology into a leading silicon photonics platform, accelerating commercialization and market adoption.

5 Mar

4

Lightwave Logic Inc. (LWLG) released highlights from its Q4 earnings call, covering financial results, operational updates, and future outlook. Q4 earnings call highlights detail financial performance and strategic updates with potential to significantly sway investor sentiment and stock trajectory.

15 Jan

4

Lightwave Logic, Inc. has partnered with QPICs to enhance the application of electro-optic polymers in quantum processors. This collaboration aims to leverage advanced materials to improve the performance and efficiency of quantum computing technologies, potentially leading to significant advancements in the field. The partnership is expected to significantly impact product innovation and competitive positioning in the emerging quantum computing market.

12 Jan

4

Lightwave Logic, Inc. has appointed Dr. Aref Chowdhury as the new Chief Technology Officer and Head of Strategy. Dr. Chowdhury brings extensive experience in technology development and strategic planning, aiming to enhance the company's innovation and market position in the photonics sector. The appointment of a new CTO with a strong background in technology and strategy is likely to significantly impact the company's future direction and market performance.

16 Dec

3

Lightwave Logic Inc. (LWLG) experienced a notable decline in stock price, contributing to its position among midday decliners. The company's recent performance has raised concerns among investors, reflecting broader market trends and potential challenges in its operational strategy. Analysts are closely monitoring LWLG's developments as it navigates through this downturn, which may impact its future growth prospects. The stock decline indicates moderate concerns that could affect investor sentiment and operational strategies.

15 Dec

3

Lightwave Logic, Inc. has announced the pricing of a public offering of common stock, raising $35 million. The offering is expected to enhance the company's financial position and support its growth initiatives. The shares are being offered at a price of $2.50 each, with the offering expected to close on November 1, 2023, subject to customary closing conditions. The capital raised through the offering may support future growth and innovation, but its overall impact on the company's trajectory is expected to be limited.

stockrow.com/LWLG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com