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MARKETS / NASDAQ / LWLG
NASDAQ · MISCELLANEOUS PLASTICS PRODUCTS · SMALL CAP

Lightwave Logic, Inc. LWLG

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$236,855
▲ 1622.6% YoY
$-20.3M
$-15.1M
In brief

What this company does

We do not manufacture optical transceivers, photonic devices, or complete optical modules. Instead, our strategy is to commercialize our technology through a combination of material sales, intellectual property licensing, process design kit (“PDK”) enablement, and royalty or other fee-based arrangements tied to customer production. Our customers and prospective customers include semiconductor foundries, silicon photonics device designers, optical module manufacturers, and system integrators serving artificial intelligence (“AI”), cloud computing, data center, and telecommunications markets. Our technology platform is based on the design, synthesis, and integration of proprietary electro-optic polymer materials engineered to exhibit strong electro-optic (“EO”) activity, optical transparency in relevant wavelength bands, and compatibility with semiconductor fabrication processes.

Written from the business description in Lightwave Logic, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 20 March 2026. Every sentence was checked against that document before publication.

Growth
USD 236,855.00
Revenue, FY2025 · full 19-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.2 · Net income -20.3
-8M-16M2007201020132016201920222025
Compound annual growth
+33.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−8576 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -8765.5% · Net -8576.5%
-50000%-100000%-150000%2007201020132016201920222025
ROE
FY2025 · ROE -37.6%
-500%-1000%2007201020132016201920222025

Each USD of equity lost 38 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -15.1
-8M-16M2007201020132016201920222025

Total assetsUSD 79.2M
EquityUSD 74.6M
CashUSD 69.0M
Current ratio32.69×

Equity funds 94% of total assets.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B0.00.00.0········0.0···0.0···
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0·······
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0·······
Income tax $B···················
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0···
EPS, diluted $−0.16−0.19−0.18−0.15−0.18−0.07−0.08−0.08−0.08−0.07−0.08−0.08−0.08−0.09−0.08−0.09···
Dividend / sh $···················
Payout %···················
ROE %−37.6−64.5−65.8−65.3−120.3−125.7−137.1−116.3−142.4−109.3−106.9−122.8−115.3−209.8−341.7−353.2−570.9−1009.8−646.6
Shares out B0.150.120.120.110.110.100.090.080.070.070.070.060.050.05·····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 67 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMiscellaneous Plastics Products
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2007

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