Saturday 17 October 2026
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Lightwave Logic Inc.
LWLG Basic Materials Specialty Chemicals
Lightwave Logic Inc.’s revenue for fiscal 2025 (year ended December 2025) was $236,900.00, up 147.8% from fiscal 2024. In the quarter to June 2026, revenue grew 28.1%, EPS fell 1.01% and free cash flow fell 79.8%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
4.01
0.19
−4.52%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | — | — | — | — | — | — | — | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
P/S ratio |
1,759.21 | 2,649.16 | 0.00 | — | — | — | — | — | — | — |
Altman Z-Score |
52.29 | 28.04 | 59.40 | — | — | — | — | — | — | — |
Altman Z″-Score (non-manufacturers) |
14.22 | (4.21) | (1.51) | — | — | — | — | — | — | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
Beneish M-Score |
(0.95) | (2.28) | — | — | — | — | — | — | — | — |
P/Operating CF |
(125.80) | (80.75) | (228.73) | — | — | — | — | — | — | — |
P/B ratio |
5.58 | 7.58 | 14.58 | — | — | — | — | — | — | — |
Price to Tangible BV |
5.71 | 7.90 | 15.10 | — | — | — | — | — | — | — |
EV/Sales |
1,467.88 | 2,359.75 | 0.00 | — | — | — | — | — | — | — |
EV/EBITDA |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
EV/Operating CF |
(25.29) | (14.51) | (40.84) | — | — | — | — | — | — | — |
EV/FCF |
(22.34) | (12.36) | (31.56) | — | — | — | — | — | — | — |
Quick Ratio |
32.41 | 15.52 | 12.18 | 16.46 | 14.77 | 3.54 | 2.24 | 5.50 | 5.37 | 15.30 |
Current Ratio |
32.69 | 15.75 | 12.66 | 16.86 | 14.92 | 4.15 | 2.62 | 6.86 | 6.27 | 16.37 |
Net Debt/EBITDA |
3.81 | 1.33 | 1.60 | 1.52 | 1.47 | 0.57 | 0.40 | 0.42 | 0.67 | 0.50 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Operating CF/Net income |
0.68 | 0.69 | 0.58 | 0.61 | 0.55 | 0.73 | 0.71 | 0.76 | 0.76 | 0.72 |
Capex/Depreciation |
(0.68) | (1.16) | (2.30) | (1.19) | (1.07) | (0.28) | (0.44) | (3.08) | (0.81) | (0.89) |
Interest Coverage |
(56.07) | (149.73) | (31.51) | (81.73) | (8.25) | (56.70) | (15.50) | (32.53) | (24.43) | (15.21) |
| (37.59%) | (64.52%) | (65.76%) | (65.32%) | (120.28%) | (125.72%) | (137.08%) | (116.35%) | (142.38%) | (109.27%) | |
| (34.73%) | (56.63%) | (59.22%) | (61.00%) | (107.71%) | (94.64%) | (109.59%) | (102.16%) | (127.24%) | (106.23%) | |
ROIC |
(230.54%) | (250.71%) | (265.23%) | (310.43%) | (599.58%) | (167.09%) | (147.85%) | (128.11%) | (224.99%) | (234.40%) |
Return on Tangible Assets |
(27.87%) | (70.37%) | (59.92%) | (65.34%) | (76.81%) | (139.49%) | (167.01%) | (140.19%) | (125.12%) | (184.28%) |
Average Days of Receivables |
293.97 | 174.10 | 273.98 | 0.00 | — | — | — | — | — | — |
Research and Development Expense of Revenue |
4,850.02% | 17,580.13% | 39,268.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
4,010.89% | 6,664.02% | 13,233.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.02 | 0.04 | 0.03 | 0.04 | 0.03 | 0.12 | 0.14 | 0.17 | 0.10 | 0.21 |
Share Based Compensation of Revenue |
1,900.17% | 4,805.65% | 17,612.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
0.16 | 0.09 | 0.05 | — | — | — | — | — | — | — |
Graham Number |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
Earnings Yield |
(4.93%) | (9.05%) | (3.91%) | — | — | — | — | — | — | — |
Free Cash Flow Yield |
(3.74%) | (7.21%) | (2.98%) | — | — | — | — | — | — | — |
Revenue per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Operating CF per Share |
(0.11) | (0.13) | (0.11) | (0.09) | (0.10) | (0.05) | (0.06) | (0.06) | (0.06) | (0.05) |
Capex per Share |
(0.01) | (0.02) | (0.03) | (0.01) | (0.01) | 0.00 | 0.00 | (0.02) | 0.00 | 0.00 |
Free Cash Flow per Share |
(0.12) | (0.15) | (0.14) | (0.11) | (0.11) | (0.06) | (0.06) | (0.08) | (0.07) | (0.05) |
Cash per Share |
0.54 | 0.23 | 0.27 | 0.22 | 0.22 | 0.04 | 0.03 | 0.03 | 0.05 | 0.03 |
Shareholders Equity per Share |
0.58 | 0.28 | 0.32 | 0.25 | 0.24 | 0.06 | 0.06 | 0.06 | 0.07 | 0.05 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.58 | 0.28 | 0.32 | 0.25 | 0.24 | 0.06 | 0.06 | 0.06 | 0.07 | 0.05 |
Free Cash Flow |
(15.57) | (18.25) | (15.84) | (12.10) | (11.42) | (5.09) | (5.07) | (5.83) | (4.63) | (3.33) |
Working Capital |
67.67 | 26.33 | 30.12 | 23.85 | 22.08 | 2.94 | 1.61 | 2.32 | 3.42 | 1.97 |
Capital Expenditures |
(1.82) | (2.70) | (3.60) | (1.57) | (1.12) | (0.22) | (0.31) | (1.43) | (0.27) | (0.17) |
Net Current Asset Value |
65.27 | 23.73 | 27.35 | 23.65 | 21.64 | 2.28 | 0.69 | 2.17 | 3.23 | 1.97 |
EV/EBIT |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
Capex to Sales |
7.67 | 28.22 | 88.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.51 | 0.41 | 0.31 | 0.52 | 0.48 | 0.42 | 0.29 | 0.26 | 0.28 | 0.46 |
Cash ROIC |
(10.84%) | (29.87%) | (23.33%) | (23.42%) | (23.48%) | (56.07%) | (70.99%) | (82.37%) | (54.45%) | (66.33%) |
Accounts Receivable Turnover |
2.00 | 2.52 | 0.12 | — | — | — | — | — | — | — |
Accounts Payable Turnover |
0.01 | 0.01 | 0.00 | 1.83 | 3.76 | 4.87 | 5.22 | 4.09 | 4.88 | 3.61 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
28,673.97 | 35,350.74 | 257,120.60 | 311.43 | 103.00 | 101.91 | 53.91 | 128.98 | 70.56 | 131.74 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
0.12 | 0.04 | 0.34 | — | — | — | — | — | — | — |
Average Payables |
0.63 | 1.24 | 1.33 | 0.57 | 0.23 | 0.16 | 0.13 | 0.11 | 0.07 | 0.05 |
Average Assets |
58.50 | 39.80 | 35.52 | 28.25 | 17.30 | 7.10 | 6.14 | 5.65 | 4.52 | 4.15 |
Average Common Equity |
54.03 | 34.93 | 31.99 | 26.38 | 15.49 | 5.34 | 4.91 | 4.96 | 4.04 | 4.03 |
Columns are period end dates