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Lightwave Logic, Inc.

$4.67 +$1.01 (+27.73%)
NASDAQ · 15 Sep 2026 16:25 UTC
Previous Close
$4.79
Day Range
$4.62$4.85
Year Range
$2.84$18.71
Market Cap
720.32M
AVG Volume
6.55M
Trailing/Forward PE
-29.59/-
PEG ratio
-5.03
Dividend Yield
-
Next Earnings Date
2026-11-12
Primary Exchange
NASDAQUS
Revenue (USD)
0100K200K300K2016201720182019202020212022202320242025
LWLG Revenue (USD) by year
PeriodRevenue (USD)
2025236.85K
202495.61K
202340.5K
20220
20210
20200
20190
201817.96K
20171.04K
2016144.09K
Net Income (USD)
-30M-20M-10M02016201720182019202020212022202320242025
LWLG Net Income (USD) by year
PeriodNet Income (USD)
2025-20.31M
2024-22.54M
2023-21.04M
2022-17.23M
2021-18.63M
2020-6.72M
2019-6.73M
2018-5.77M
2017-5.75M
2016-4.41M
Operating Income (USD)
-30M-20M-10M02016201720182019202020212022202320242025
LWLG Operating Income (USD) by year
PeriodOperating Income (USD)
2025-20.76M
2024-23.09M
2023-21.23M
2022-17.14M
2021-17M
2020-6.6M
2019-6.32M
2018-5.6M
2017-5.52M
2016-4.14M
EBITDA (USD)
-30M-20M-10M02016201720182019202020212022202320242025
LWLG EBITDA (USD) by year
PeriodEBITDA (USD)
2025-18.21M
2024-21M
2023-19.73M
2022-16.14M
2021-17.75M
2020-5.82M
2019-5.62M
2018-5.17M
2017-5.3M
2016-3.94M
Cash Flows (USD)
-20M-15M-10M-5M02016201720182019202020212022202320242025
LWLG Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-15.08M
2024-18.25M
2023-15.84M
2022-12.1M
2021-11.15M
2020-5.09M
2019-5.07M
2018-5.84M
2017-4.68M
2016-3.35M
EPS (USD)
-0.2-0.15-0.1-0.05-02016201720182019202020212022202320242025
LWLG EPS (USD) by year
PeriodEPS (USD)
2025-0.16
2024-0.19
2023-0.18
2022-0.15
2021-0.18
2020-0.07
2019-0.08
2018-0.08
2017-0.08
2016-0.07
Expenses (USD)
010M20M30MR&DSG&ACapex2016201720182019202020212022202320242025
LWLG Expenses (USD) by year
PeriodExpenses (USD)
202521.26M
202425.72M
202323.56M
202218.03M
202120.31M
20206.82M
20196.63M
20187.04M
20175.79M
20164.33M
Cash & Debt (USD)
020M40M60M80MCashShort Term Debt2016201720182019202020212022202320242025
LWLG Cash & Debt (USD) by year
PeriodCash & Debt (USD)
202569.02M
202427.67M
202331.43M
202224.1M
202123.43M
20203.31M
20192.24M
20182.17M
20173.48M
20161.96M
Debt ratios
00.250.50.75120182019202020212022202320242025
LWLG Debt ratios by year
PeriodDebt ratios
20250.88
20240.33
20230.48
20220.52
20210.67
20200.12
20190.07
20180.11
Margins
-4000%-3000%-2000%-1000%0%1000%201620172018202320242025
LWLG Margins by year
PeriodMargins
2025-352.39%
2024-361.17%
2023-3125.74%
2018100%
2017100%
2016100%
Return on Capital
-150%-100%-50%0%2016201720182019202020212022202320242025
LWLG Return on Capital by year
PeriodReturn on Capital
2025-27.21%
2024-67.42%
2023-57.74%
2022-62.54%
2021-73.92%
2020-116.28%
2019-137.07%
2018-117.65%
2017-114.6%
2016-144.05%
Shares Outstanding
050M100M150M2016201720182019202020212022202320242025
LWLG Shares Outstanding by year
PeriodShares Outstanding
2025136.66M
2024122.46M
2023117.36M
2022112.49M
2021107.73M
202090.64M
201986.17M
201878.5M
201770.87M
201665.82M
Book Value Per Share (USD)
00.20.40.62016201720182019202020212022202320242025
LWLG Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20250.55
20240.27
20230.31
20220.24
20210.23
20200.06
20190.06
20180.06
20170.07
20160.05
Total Assets (USD)
025M50M75M100M2016201720182019202020212022202320242025
LWLG Total Assets (USD) by year
PeriodTotal Assets (USD)
202581.67M
202437.81M
202341.78M
202229.26M
202127.23M
20207.37M
20196.82M
20185.25M
20175.85M
20163.19M
Employee Count
0102030402016201720182019202020212022202320242025
LWLG Employee Count by year
PeriodEmployee Count
202534
202431
202333
202221
202119
202019
201918
201817
201714
201610
Free Cash Flow Yield
-20%-15%-10%-5%0%med -3.5%Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
LWLG Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 26-2.48%
Sep 26-2.27%
Sep 26-2.22%
Aug 26-2.16%
Aug 26-1.92%
Aug 26-1.57%
Aug 26-1.28%
Jul 26-1.61%
Jul 26-1.72%
Jul 26-1.67%
Jul 26-1.52%
Jul 26-1.41%
Jun 26-1.32%
Jun 26-1.06%
Jun 26-1.08%
Jun 26-1.02%
May 26-0.96%
May 26-0.81%
May 26-0.76%
May 26-0.67%
May 26-0.68%
Apr 26-0.87%
Apr 26-0.88%
Apr 26-1.04%
Apr 26-1.44%
Mar 26-1.52%
Mar 26-1.63%
Mar 26-1.51%
Mar 26-2.74%
Feb 26-2.61%
Feb 26-3.33%
Feb 26-3.3%
Feb 26-3.5%
Jan 26-3.49%
Jan 26-2.95%
Jan 26-2.51%
Jan 26-2.78%
Jan 26-3.15%
Dec 25-3.49%
Dec 25-3.86%
Dec 25-2.78%
Dec 25-2.86%
Nov 25-2.66%
Nov 25-2.8%
Nov 25-2.38%
Nov 25-2.45%
Oct 25-2.72%
Oct 25-2.66%
Oct 25-2.68%
Oct 25-2.47%
Oct 25-2.72%
Sep 25-3.58%
Sep 25-3.05%
Sep 25-3.97%
Sep 25-3.91%
Aug 25-3.81%
Aug 25-5.36%
Aug 25-5.95%
Aug 25-6.64%
Aug 25-6.61%
Jul 25-5.21%
Jul 25-7.68%
Jul 25-10.03%
Jul 25-10.26%
Jun 25-11.36%
Jun 25-11.27%
Jun 25-11.27%
Jun 25-12.5%
May 25-14.03%
May 25-13.09%
May 25-10.03%
May 25-14.75%
May 25-16.62%
Apr 25-17.12%
Apr 25-16.06%
Apr 25-14.61%
Apr 25-16.77%
Mar 25-12.42%
Mar 25-14.33%
Mar 25-14.1%
Mar 25-13.14%
Feb 25-12.7%
Feb 25-10.68%
Feb 25-10.25%
Feb 25-8.84%
Jan 25-8.54%
Jan 25-7.8%
Jan 25-8.27%
Jan 25-7.92%
Jan 25-6.35%
Dec 24-7.5%
Dec 24-7.84%
Dec 24-7.73%
Dec 24-5.47%
Nov 24-5.36%
Nov 24-5.16%
Nov 24-5.34%
Nov 24-4.04%
Nov 24-4.78%
Oct 24-4.55%
Price to Sales
025005000750010000med 3920.65Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
LWLG Price to Sales by year
PeriodPrice to Sales
Sep 262937.71
Sep 263207.57
Sep 263281.16
Aug 263367.03
Aug 263796.34
Aug 264642.69
Aug 264940.17
Jul 263935.08
Jul 263685.33
Jul 263794.97
Jul 264160.46
Jul 264489.4
Jun 264806.15
Jun 265957.44
Jun 265841.7
Jun 266176.73
May 266615.31
May 267827.51
May 268314.83
May 269479.95
May 269387.63
Apr 267310.47
Apr 267235.46
Apr 266116.1
Apr 264419.75
Mar 264177.41
Mar 263906.22
Mar 269806.64
Mar 265412.34
Feb 265682.95
Feb 264458.74
Feb 264497.4
Feb 264239.66
Jan 264252.55
Jan 265038.63
Jan 265914.91
Jan 265347.91
Jan 264716.47
Dec 254252.55
Dec 253853.07
Dec 255347.91
Dec 255193.27
Nov 255592.75
Nov 255296.36
Nov 256237.08
Nov 256943.66
Oct 256253.28
Oct 256399.32
Oct 256346.22
Oct 256890.56
Oct 256240
Sep 254753.02
Sep 255562.9
Sep 254275.07
Sep 254341.45
Aug 254460.94
Aug 253173.11
Aug 252854.47
Aug 252911.74
Aug 252925.81
Jul 253713.52
Jul 252517.88
Jul 251927.09
Jul 251884.89
Jun 251702.03
Jun 251716.1
Jun 251716.1
Jun 251547.3
May 251378.51
May 251476.97
May 251927.09
May 251293.74
May 251148.74
Apr 251115.18
Apr 251188.19
Apr 251306.55
Apr 251138.36
Mar 251537.11
Mar 251332.17
Mar 251164.26
Mar 251249.71
Feb 251292.44
Feb 251538.11
Feb 251602.2
Feb 251858.55
Jan 251922.64
Jan 252104.22
Jan 251986.72
Jan 252072.17
Jan 252584.88
Dec 242189.67
Dec 242093.54
Dec 242125.58
Dec 243001.45
Nov 243065.53
Nov 243183.03
Nov 243076.22
Nov 244978.97
Nov 244206.83
Oct 244419.83
Price to Book
010203040med 10.71Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
LWLG Price to Book by year
PeriodPrice to Book
Sep 267.05
Sep 267.7
Sep 267.88
Aug 268.08
Aug 269.12
Aug 2611.15
Aug 2614.77
Jul 2611.77
Jul 2611.02
Jul 2611.35
Jul 2612.44
Jul 2613.42
Jun 2614.37
Jun 2617.81
Jun 2617.47
Jun 2618.47
May 2619.78
May 2623.4
May 2624.86
May 2630.08
May 2629.79
Apr 2623.2
Apr 2622.96
Apr 2619.41
Apr 2614.02
Mar 2613.26
Mar 2612.39
Mar 2623.95
Mar 2613.22
Feb 2613.88
Feb 2610.89
Feb 2610.98
Feb 2610.36
Jan 2610.39
Jan 2612.31
Jan 2614.45
Jan 2613.06
Jan 2611.52
Dec 2510.39
Dec 259.41
Dec 2513.06
Dec 2512.68
Nov 2513.66
Nov 2512.94
Nov 2515.23
Nov 2522.72
Oct 2520.46
Oct 2520.94
Oct 2520.77
Oct 2522.55
Oct 2520.42
Sep 2515.55
Sep 2518.2
Sep 2513.99
Sep 2514.21
Aug 2514.6
Aug 2510.38
Aug 259.34
Aug 258.13
Aug 258.17
Jul 2510.37
Jul 257.03
Jul 255.38
Jul 255.26
Jun 254.75
Jun 254.79
Jun 254.79
Jun 254.32
May 253.85
May 254.12
May 255.38
May 253.7
May 253.29
Apr 253.19
Apr 253.4
Apr 253.74
Apr 253.26
Mar 254.4
Mar 253.81
Mar 253.94
Mar 254.23
Feb 254.37
Feb 255.2
Feb 255.42
Feb 256.29
Jan 256.5
Jan 257.12
Jan 256.72
Jan 257.01
Jan 258.74
Dec 247.4
Dec 247.08
Dec 247.19
Dec 2410.15
Nov 2410.37
Nov 2410.76
Nov 2410.4
Nov 2412.62
Nov 2410.66
Oct 2411.2
Lightwave Logic, Inc.
LWLG
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News: LWLG

Bank of America Corp DE Buys 128,988 Shares of Lightwave Logic Inc. $LWLG

defenseworld.net · 4 Sep 2026

Bank of America Corp DE Buys 128,988 Shares of Lightwave Logic Inc. $LWLG

Bank of America Corp DE increased its position in shares of Lightwave Logic Inc. (NASDAQ: LWLG) by 177.3% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,751 shares of the company's stock after acquiring an additional 128,988 shares during the quarter.

Deutsche Bank AG Buys Shares of 166,217 Lightwave Logic Inc. $LWLG

defenseworld.net · 30 Aug 2026

Deutsche Bank AG Buys Shares of 166,217 Lightwave Logic Inc. $LWLG

Deutsche Bank AG purchased a new position in Lightwave Logic Inc. (NASDAQ: LWLG) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 166,217 shares of the company's stock, valued at approximately $1,572,000. Deutsche Bank AG owned approximately 0.11% of Lightwave Logic

Blaize Holdings, Lightwave Logic, nLight Diverge in Big Price Swings Today

247wallst.com · 14 Aug 2026

Blaize Holdings, Lightwave Logic, nLight Diverge in Big Price Swings Today

Today's action is a study in contrast for small and mid-cap photonics and AI hardware names.

Lightwave Logic, Inc. (LWLG) Q2 2026 Earnings Call Transcript

seekingalpha.com · 11 Aug 2026

Lightwave Logic, Inc. (LWLG) Q2 2026 Earnings Call Transcript

Lightwave Logic, Inc. (LWLG) Q2 2026 Earnings Call Transcript

Lightwave Logic Q2 Earnings Call Highlights

marketbeat.com · 11 Aug 2026

Lightwave Logic Q2 Earnings Call Highlights

Lightwave Logic NASDAQ: LWLG said its second-quarter efforts focused on advancing its electro-optic polymer technology from development toward commercialization, with the company expanding its number of Stage 3 customer programs to five and expecting wafer deliveries from two foundry programs in August.

Lightwave Logic, Inc. Announces Timing of Second Quarter 2026 Financial Results and Business Update Call

accessnewswire.com · 3 Aug 2026

Lightwave Logic, Inc. Announces Timing of Second Quarter 2026 Financial Results and Business Update Call

ENGLEWOOD, CO / ACCESS Newswire / August 3, 2026 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), a technology platform company leveraging its proprietary electro-optic (EO) polymers to enable next-generation photonic devices, today announced it will host its Second Quarter 2026 Financial Results and Business Update Call at 8:30 a.m. Eastern Time on Tuesday, August 11, 2026.

Lightwave Logic: Back To Earth, But It Is Still Too Risky For Me

seekingalpha.com · 29 Jul 2026

Lightwave Logic: Back To Earth, But It Is Still Too Risky For Me

Lightwave Logic has corrected sharply, now trading at more attractive levels but remains high-risk amid ongoing AI sector volatility. I expect Q2 to show minimal revenue, deepening losses, and a focus on commercialization milestones, not near-term revenue inflection. With $75M cash, LWLG has a runway to reach planned 2027 high-volume production, but scale and market share remain uncertain.

Lightwave Logic, Inc. Announces Appointment of Fred Graffam as Chief Financial Officer

accessnewswire.com · 20 Jul 2026

Lightwave Logic, Inc. Announces Appointment of Fred Graffam as Chief Financial Officer

Mr. Graffam brings 20+ years of financial leadership including diverse public company CFO experience ENGLEWOOD, CO / ACCESS Newswire / July 20, 2026 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), a technology platform company leveraging its proprietary electro-optic (EO) polymers to enable next-generation photonic devices, announced today the appointment of Fred Graffam as its next Chief Financial Officer, effective immediately. With more than 20 years of finance leadership, including extensive public company CFO experience, Mr.

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