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Lightwave Logic(NASDAQ) LWLG

Current Price$6.07
Market Cap$932.18MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2004)+162%
5 Year-39%
1 Year+126%
1 Month-28%
Lightwave Logic last closing stock price
MetricPriceDate
Last closeUSD 6.052026-07-24
Lightwave Logic stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.89%USD 6.232026-07-17
1 month-27.89%USD 8.392026-06-24
3 month-52.23%USD 12.672026-04-24
Year to date+86.73%USD 3.242025-12-31
1 year+125.75%USD 2.682025-07-24
3 year-16.32%USD 7.232023-07-25
5 year-39.26%USD 9.962021-07-23
Since inception+161.96%USD 2.552004-07-16

Lightwave Logic Financials at a Glance

Market Cap

$932.18MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$243.11K

Net Income (TTM)

-$21.92M

EPS (TTM)

-$0.16

P/E Ratio

-38.54

Dividend

$0.00

Beta (Volatility)

2.23 (High)

Price

$6.07

Volume

2,812,935.913

Open

$6.64

Previous Close

$6.05

Daily Range

$6.04 - $6.64

52-Week Range

$1.92 - $18.71

Estimated Earnings Date

Aug 13, 2026

LWLG News

SellAlert-Green.png

A Lightwave Logic (LWLG) Insider Sold 20,000 Shares After a Huge Run Up

Cory RenauerApr 12, 2026
SellAlert-Blue.png

Lightwave Logic Director Sells 9,000 Shares -- But Context Is Crucial

Andy GouldApr 7, 2026
Person gazing at a laptop located on a desk already supporting two PC monitors

Why the Lights Went Out on Lightwave Logic Stock This Week

Eric VolkmanDec 2, 2022

LWLG: Motley Fool Moneyball Superscore

54

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About Lightwave Logic

Lightwave Logic creates materials that help move data faster over fiber-optic cables. Its products help companies send more information with less energy. These solutions support industries like cloud computing, telecom, and data centers.

Products and Services

  • Electro-optic polymer materials: Core product for converting electrical signals to light, used by device manufacturers (100% of 2025 revenue).
  • Polymer photonic integrated circuits: Chips that combine multiple light-based functions for faster data transfer.
  • Electro-optic modulators: Devices that turn electrical data into optical signals for fiber-optic networks.
  • Intellectual property licensing: Licensing of patented materials and designs to technology companies.
  • Non-recurring engineering services: Custom development and support for integrating materials into customer products.

Growth and Expansion

  • Started commercial operations in May 2023 with a four-year supply and license deal.
  • Signed a joint development agreement in December 2025 for new modulator chip technology.
  • Expanded facility in November 2022, adding 9,684 sq. ft. for labs and offices.
  • Focused on international sales, with 100% of 2025 revenue from outside the US.
  • Invested in patent portfolio growth and process integration since 2023.

What Makes Lightwave Logic Stand Out

The company uses a fabless model, relying on outside manufacturers to reduce costs. Its patented materials work with standard chip-making processes, making integration easier for partners. A strong patent portfolio and focus on licensing help protect its technology and revenue streams.

Five Things You Need to Know

  • Net sales were $236,855 in 2025, up 147.7% from 2024.
  • Operating expenses fell 9% to $21.0 million in 2025.
  • Net loss was $20.3 million in 2025, a 10% improvement from 2024.
  • Cash position reached $69.0 million at year-end 2025, up from $27.7 million in 2024.

Bottom Line

Lightwave Logic is evolving from research to early-stage commercialization, focusing on specialty materials for high-speed data. Its business model centers on licensing and partnerships, with ongoing investment in innovation and intellectual property.

AI Generated • Apr 16, 2026

Industry

Electronic Equipment, Instruments and Components

Sector

Information Technology

Employees

34

CEO

Yves LeMaitre

Website

www.lightwavelogic.com

Headquarters

Englewood, CO 80112-6039, US

LWLG Financials

Key Financial Metrics (TTM)

Gross Margin

-566.69%

Operating Margin

-9288.73%

Net Income Margin

-9015.57%

Return on Equity

-38.79%

Return on Capital

-26.88%

Return on Assets

-25.51%

Earnings Yield

-2.59%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$932.18MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

154.08M

Volume

2.81M

Avg. Volume

6.39M

Financials (TTM)

Gross Profit

-$1.38M

Operating Income

-$22.58M

EBITDA

-$19.76M

Operating Cash Flow

-$14.32M

Capital Expenditure

-$1.05M

Free Cash Flow

-$15.37M

Cash & ST Invst.

$75.10M

Total Debt

$2.55M

Lightwave Logic Performance Analysis

Lightwave Logic annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 0N/A
20232023-12-31USD 40,502N/A
20242024-12-31USD 95,605136.1%
20252025-12-31USD 236,855147.7%
Lightwave Logic sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3011.7%
Q32025-09-3013.9%
Q42025-12-31445.7%
Q12026-03-31-81.7%
Lightwave Logic annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.15-13.0%
20232023-12-31USD -0.1818.2%
20242024-12-31USD -0.192.6%
20252025-12-31USD -0.16-15.5%
Lightwave Logic sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-19.5%
Q32025-09-3011.7%
Q42025-12-3111.5%
Q12026-03-31-20.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$29.17K

+27.3%

Gross Profit

-$522.10K

-2599.4%

Gross Margin

-17.90%

N/A

Market Cap

$932.18MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$27.42M

N/A

Employees

34

N/A

Net Income

-$6.30M

-34.1%

EBITDA

-$5.75M

-37.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$75.10M

+199.9%

Total Debt

$2.55M

-6.4%

Accounts Receivable

$215.75K

+1050.7%

Inventory

$0.00

N/A

Long Term Debt

$2.35M

-7.9%

Short Term Debt

$201.82K

+15.5%

Return on Assets

-25.51%

N/A

Return on Invested Capital

-26.99%

N/A

Free Cash Flow

-$4.68M

-6.7%

Operating Cash Flow

-$4.06M

-16.4%

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Questions About LWLG

What is the current price of Lightwave Logic?

Lightwave Logic is trading at $6.05 per share.

What is the 52-week range for Lightwave Logic?

Over the past 52 weeks, Lightwave Logic has traded between $1.92 and $18.71.

How much debt does Lightwave Logic have?

As of the most recent reporting period, Lightwave Logic reported total debt of $2.55M.

How much cash does Lightwave Logic have on hand?

Lightwave Logic reported $75.10M in cash and cash equivalents in its most recent financial results.

What is Lightwave Logic’s dividend yield?

Lightwave Logic does not currently have a dividend yield.

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