Lightwave Logic/$LWLG
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Capital at risk
About Lightwave Logic
Lightwave Logic Inc is a specialty materials and intellectual property company focused on the development and commercialization of proprietary electro-optic (EO) polymer materials designed to enable high-speed optical modulators for data communications and other photonic applications. Its Perkinamine family of EO polymers is designed for integration into silicon photonics (SiPh) and other photonic integrated circuit (PIC) platforms, supporting high-speed optical modulation with lower drive voltage requirements compared with some conventional silicon-based and III-V compound semiconductor approaches. The company operates as a single reportable segment.
- Ticker
- $LWLG
- Sector
- Digital Hardware
- Primary listing
- NASDAQ
- Employees
- 34
- Headquarters
- Englewood, United States
- Website
- lightwavelogic.com
Lightwave Logic Metrics
BasicAdvanced
$851M
-
-$0.17
2.45
-
Price and volume
Market cap
$851M
Beta
2.45
52-week high
$18.71
52-week low
$2.84
Average daily volume
2.7M
Financial strength
Current ratio
62.837
Quick ratio
61.623
Long term debt to equity
0.022
Total debt to equity
0.024
Profitability
EBITDA (TTM)
-23.129
Gross margin (TTM)
98.93%
Net profit margin (TTM)
-9,416.34%
Operating margin (TTM)
-10,018.70%
Revenue per employee (TTM)
$10,000
Management effectiveness
Return on assets (TTM)
-22.31%
Return on equity (TTM)
-35.42%
Valuation
Price to revenue (TTM)
3,127.479
Price to book
8.17
Price to tangible book (TTM)
8.32
Price to free cash flow (TTM)
-41.283
Free cash flow yield (TTM)
-2.42%
Free cash flow per share (TTM)
-0.134
Growth
Revenue change (TTM)
165.22%
Earnings per share change (TTM)
-0.13%
3-year earnings per share growth (CAGR)
-3.27%
10-year earnings per share growth (CAGR)
7.64%
Bulls say / Bears say
Commercial traction is becoming more tangible: a fifth customer, including a Fortune Global 500 company, has reached Stage 3, and wafers from multiple foundry programmes are entering testing. The furthest-along programme is targeting volume production in the second half of 2027. (MarketBeat, Druckfin)
The technology is moving towards production readiness rather than remaining a laboratory concept. PDK 1.1 is being transferred to a high-volume foundry, while testing reported more than 2,000 hours at 85°C and 85% humidity without a measurable performance change. (Newswire, StockTitan)
Lightwave Logic has substantial time to pursue qualification: it held about $95.9 million in cash and marketable securities at 30 June, had no debt and believes its liquidity can fund operations through at least December 2027. That reduces near-term financing pressure while customer programmes progress. (StockTitan)
Revenue remains negligible at $32,751 for Q2 2026, while the net loss widened to $6.6 million and operating cash use rose. Meaningful production revenue is not expected before 2027, leaving a long period in which execution must improve before the business can support itself. (StockTitan, MarketBeat)
Five Stage 3 programmes and incoming foundry wafers are milestones, not commercial wins. Lightwave Logic still depends on customer qualification, manufacturing yields and its customers' ability to win end-market volume, while the most advanced programme only targets production in the second half of 2027. (Druckfin, StockTitan)
The company has funded its runway through equity issuance, including $51.4 million of cumulative sales under its ATM programme. Continued losses or a delayed production ramp could require further fundraising, creating dilution before commercial revenues arrive. (StockTitan, Simply Wall St)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.
Lightwave Logic Financial Performance
Revenues and expenses
Lightwave Logic Earnings Performance
Company profitability
Upcoming events
No upcoming events
Lightwave Logic News
AllArticlesVideos
Lightwave Logic, Inc. to Attend the 2026 European Conference on Optical Communication (ECOC) & Global Photonics Economic Forum (GPEF)
Accesswire1 week ago
Lightwave Logic Q2 Earnings Call Highlights
MarketBeat1 month ago
Lightwave Logic, Inc. Announces Timing of Second Quarter 2026 Financial Results and Business Update Call
Accesswire2 months ago
Funds containing Lightwave Logic
AllEURGBPUSD
Fund name | Fund size | $LWLG weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.03% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.02% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.02% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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