Symbols / LWLG Stock $12.67 -6.88% Lightwave Logic, Inc.

Basic Materials • Specialty Chemicals • United States • NCM
LWLG (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Basic Materials
Industry Specialty Chemicals
CEO Mr. Yves LeMaitre
Exch · Country NCM · United States
Market Cap 1.91B
Enterprise Value 1.82B
Income -20.31M
Sales 236.85K
FCF (ttm) -7.88M
Book/sh 0.51
Cash/sh 0.46
Employees 34
Insider 10d —
IPO May 16, 2006
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E —
PEG —
P/S 8,053.39
P/B 24.78
P/C —
EV/EBITDA -94.58
EV/Sales 7,677.81
Quick Ratio 32.41
Current Ratio 32.69
Debt/Eq 3.48
LT Debt/Eq —
EPS (ttm) -0.16
EPS next Y —
EPS Growth —
Revenue Growth 5.95%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2014-03-31
ROA -22.58%
ROE -37.59%
ROIC —
Gross Margin 97.12%
Oper. Margin -32.15%
Profit Margin 0.00%
Shs Outstand 150.61M
Shs Float 146.64M
Insider Own 1.21%
Instit Own 23.24%
Short Float 9.78%
Short Ratio 2.17
Short Interest 14.67M
52W High 15.29
vs 52W High -17.17%
52W Low 0.82
vs 52W Low 1,444.51%
Beta 2.77
Impl. Vol. 1.56%
Rel Volume 1.99
Avg Volume 5.52M
Volume 11.01M
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $13.60
Price $12.66
Change -6.88%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$12.67
Latest analyst target
3. DCF / Fair value
$-0.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$12.67
Low
—
High
—
Mean
—
News
RSS: Latest LWLG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-07 EL-AHMADI SIRAJ NOUR Director — 54,536 $7.76 $423,199
2026-04-06 CONNELLY THOMAS M JR Director — 9,000 $8.52 $76,680
2026-04-01 BUCCHI RONALD A Director — 11,000 $6.92 $76,120
2026-04-01 PARTRIDGE LAILA Director — 11,000 $6.84 $75,240
2026-04-01 CIESLA CRAIG Director — 11,000 $6.81 $74,910
2026-03-31 BUCCHI RONALD A Director — 20,161 — —
2026-03-31 EL-AHMADI SIRAJ NOUR Director — 20,161 — —
2026-03-31 PARTRIDGE LAILA Director — 20,161 — —
2026-03-31 CIESLA CRAIG Director — 20,161 — —
2026-03-31 CONNELLY THOMAS M JR Director — 20,161 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
0.24
+147.74%
0.10
+136.05%
0.04
0.00
Operating Revenue
0.24
+147.74%
0.10
+136.05%
0.04
0.00
Cost Of Revenue
0.01
-7.73%
0.01
+194.27%
0.00
0.00
Reconciled Cost Of Revenue
0.01
-7.73%
0.01
+194.27%
0.00
0.00
Gross Profit
0.23
+160.78%
0.09
+132.20%
0.04
0.00
Operating Expense
20.99
-9.43%
23.18
+9.00%
21.26
+24.06%
17.14
Research And Development
11.49
-31.64%
16.81
+5.68%
15.90
+24.20%
12.81
Selling General And Administration
9.50
+49.15%
6.37
+18.87%
5.36
+23.65%
4.33
General And Administrative Expense
9.50
+49.15%
6.37
+18.87%
5.36
+23.65%
4.33
Other Gand A
9.50
+49.15%
6.37
+18.87%
5.36
+23.65%
4.33
Total Expenses
21.00
-9.43%
23.18
+9.02%
21.27
+24.07%
17.14
Operating Income
-20.76
+10.08%
-23.09
-8.78%
-21.23
-23.84%
-17.14
Total Operating Income As Reported
-20.76
+10.08%
-23.09
-8.78%
-21.23
-23.84%
-17.14
EBITDA
-18.65
+12.07%
-21.21
-6.49%
-19.92
-25.16%
-15.92
Normalized EBITDA
-18.63
+11.30%
-21.00
-4.29%
-20.14
-26.52%
-15.92
Reconciled Depreciation
2.11
+12.45%
1.88
+43.81%
1.30
+6.59%
1.22
EBIT
-20.76
+10.08%
-23.09
-8.78%
-21.23
-23.84%
-17.14
Total Unusual Items
-0.03
+88.22%
-0.21
-199.04%
0.22
0.00
Total Unusual Items Excluding Goodwill
-0.03
+88.22%
-0.21
-199.04%
0.22
0.00
Special Income Charges
-0.03
+88.22%
-0.21
-199.04%
0.22
0.00
Other Special Charges
—
—
—
—
Net Income
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Pretax Income
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Net Non Operating Interest Income Expense
0.84
-9.11%
0.93
+40.96%
0.66
+617.38%
0.09
Net Interest Income
0.84
-9.11%
0.93
+40.96%
0.66
+617.38%
0.09
Interest Income Non Operating
0.84
-9.11%
0.93
+40.96%
0.66
+617.38%
0.09
Interest Income
0.84
-9.11%
0.93
+40.96%
0.66
+617.38%
0.09
Other Income Expense
-0.39
-5.92%
-0.37
+20.74%
-0.47
-157.74%
-0.18
Other Non Operating Income Expenses
-0.37
-132.04%
-0.16
+76.77%
-0.69
-275.84%
-0.18
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Net Income From Continuing Operation Net Minority Interest
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Net Income From Continuing And Discontinued Operation
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Net Income Continuous Operations
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Normalized Income
-20.29
+9.11%
-22.32
-5.03%
-21.25
-23.35%
-17.23
Net Income Common Stockholders
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Diluted EPS
—
-0.19
-5.56%
-0.18
-20.00%
-0.15
Basic EPS
—
-0.19
-5.56%
-0.18
-20.00%
-0.15
Basic Average Shares
—
120.60
+4.45%
115.47
+3.27%
111.81
Diluted Average Shares
—
120.60
+4.45%
115.47
+3.27%
111.81
Diluted NI Availto Com Stockholders
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Gain On Sale Of PPE
-0.03
+88.22%
-0.21
-199.04%
0.22
0.00
Line Item Trend 2023-12-31
Total Assets
41.78
Current Assets
32.70
Cash Cash Equivalents And Short Term Investments
31.43
Cash And Cash Equivalents
31.43
Receivables
0.03
Accounts Receivable
0.03
Other Receivables
0.00
Accrued Interest Receivable
0.00
Loans Receivable
0.00
Prepaid Assets
0.02
Other Current Assets
1.21
Total Non Current Assets
9.08
Net PPE
7.83
Gross PPE
12.50
Accumulated Depreciation
-4.67
Properties
0.00
Buildings And Improvements
2.84
Machinery Furniture Equipment
0.33
Other Properties
8.94
Leases
0.40
Goodwill And Other Intangible Assets
1.25
Other Intangible Assets
1.25
Total Liabilities Net Minority Interest
5.35
Current Liabilities
2.58
Payables And Accrued Expenses
2.36
Payables
1.76
Accounts Payable
1.76
Current Accrued Expenses
0.60
Pensionand Other Post Retirement Benefit Plans Current
—
Current Debt And Capital Lease Obligation
0.14
Current Capital Lease Obligation
0.14
Current Deferred Liabilities
0.08
Current Deferred Revenue
0.04
Total Non Current Liabilities Net Minority Interest
2.77
Long Term Debt And Capital Lease Obligation
2.77
Long Term Capital Lease Obligation
2.77
Non Current Deferred Liabilities
0.00
Stockholders Equity
36.43
Common Stock Equity
36.43
Capital Stock
0.12
Common Stock
0.12
Preferred Stock
0.00
Share Issued
118.14
Ordinary Shares Number
118.14
Treasury Shares Number
0.00
Additional Paid In Capital
164.62
Retained Earnings
-127.87
Total Equity Gross Minority Interest
36.43
Total Capitalization
36.43
Working Capital
30.12
Invested Capital
36.43
Total Debt
2.91
Capital Lease Obligations
2.91
Net Tangible Assets
35.18
Tangible Book Value
35.18
Current Notes Payable
—
Other Equity Interest
-0.43
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-13.75
+11.58%
-15.55
-27.09%
-12.24
-16.18%
-10.53
Cash Flow From Continuing Operating Activities
-13.75
+11.58%
-15.55
-27.09%
-12.24
-16.18%
-10.53
Net Income From Continuing Operations
-20.31
+9.86%
-22.54
-7.12%
-21.04
-22.10%
-17.23
Depreciation Amortization Depletion
2.11
+12.45%
1.88
+43.81%
1.30
+6.59%
1.22
Depreciation
2.03
+15.40%
1.76
+43.88%
1.22
+6.57%
1.15
Amortization Cash Flow
0.08
-31.02%
0.12
+42.82%
0.08
+6.79%
0.08
Depreciation And Amortization
2.11
+12.45%
1.88
+43.81%
1.30
+6.59%
1.22
Amortization Of Intangibles
0.08
-31.02%
0.12
+42.82%
0.08
+6.79%
0.08
Other Non Cash Items
3.00
+399.60%
0.60
-35.83%
0.94
+210.62%
0.30
Stock Based Compensation
2.05
-53.80%
4.44
-31.26%
6.46
+11.11%
5.81
Operating Gains Losses
0.03
-88.22%
0.21
+199.04%
-0.22
-504.95%
0.05
Gain Loss On Investment Securities
—
—
—
0.05
Gain Loss On Sale Of PPE
0.03
-88.22%
0.21
+199.04%
-0.22
0.00
Change In Working Capital
-0.62
-329.13%
-0.15
-145.62%
0.32
+145.88%
-0.69
Change In Receivables
-0.15
-855.88%
-0.02
+50.00%
-0.03
0.00
Changes In Account Receivables
-0.15
-855.88%
-0.02
+50.00%
-0.03
0.00
Change In Prepaid Assets
-0.20
-123.85%
0.84
+242.27%
-0.59
-55.01%
-0.38
Change In Payables And Accrued Expense
-0.09
+87.90%
-0.77
-170.44%
1.09
+1259.30%
-0.09
Change In Accrued Expense
0.09
-67.66%
0.28
+26.73%
0.22
+129.70%
-0.74
Change In Payable
-0.18
+82.52%
-1.04
-220.14%
0.87
+34.99%
0.64
Change In Account Payable
-0.18
+82.52%
-1.04
-220.14%
0.87
+34.99%
0.64
Change In Other Working Capital
-0.02
+69.68%
-0.05
-2788.28%
-0.00
+95.44%
-0.04
Change In Other Current Liabilities
-0.17
-16.77%
-0.14
+4.36%
-0.15
+15.43%
-0.18
Investing Cash Flow
-1.82
+32.64%
-2.70
+8.77%
-2.96
-33.83%
-2.21
Cash Flow From Continuing Investing Activities
-1.82
+32.64%
-2.70
+8.77%
-2.96
-33.83%
-2.21
Net PPE Purchase And Sale
-1.33
+41.26%
-2.27
+31.12%
-3.29
-151.81%
-1.31
Purchase Of PPE
-1.33
+41.26%
-2.27
+31.13%
-3.29
-151.86%
-1.31
Sale Of PPE
—
0.00
-100.00%
0.00
0.00
Capital Expenditure
-1.82
+32.64%
-2.70
+25.06%
-3.60
-129.64%
-1.57
Net Intangibles Purchase And Sale
-0.49
-12.76%
-0.43
-39.92%
-0.31
-18.15%
-0.26
Purchase Of Intangibles
-0.49
-12.76%
-0.43
-39.92%
-0.31
-18.15%
-0.26
Net Other Investing Changes
—
—
0.64
+200.00%
-0.64
Financing Cash Flow
56.92
+292.95%
14.48
-35.69%
22.52
+67.95%
13.41
Cash Flow From Continuing Financing Activities
56.92
+292.95%
14.48
-35.69%
22.52
+67.95%
13.41
Net Issuance Payments Of Debt
—
—
—
—
Repayment Of Debt
—
—
—
—
Long Term Debt Payments
—
—
—
—
Net Long Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
56.74
+301.11%
14.15
-34.23%
21.51
+68.37%
12.78
Proceeds From Stock Option Exercised
0.36
+5.40%
0.34
-66.73%
1.01
+55.06%
0.65
Net Other Financing Charges
-0.18
—
1.52
+8428.54%
-0.02
Changes In Cash
41.35
+1198.51%
-3.76
-151.35%
7.33
+994.77%
0.67
Beginning Cash Position
27.67
-11.98%
31.43
+30.41%
24.10
+2.86%
23.43
End Cash Position
69.02
+149.45%
27.67
-11.98%
31.43
+30.41%
24.10
Free Cash Flow
-15.57
+14.70%
-18.25
-15.23%
-15.84
-30.88%
-12.10
Common Stock Issuance
56.74
+301.11%
14.15
-34.23%
21.51
+68.37%
12.78
Issuance Of Capital Stock
56.74
+301.11%
14.15
-34.23%
21.51
+68.37%
12.78
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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