A Business at a Glance
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Lightwave Logic, Inc. is a technology platform company leveraging its proprietary engineered electro-optic (EO) polymers, named Perkinamine® to transmit data at higher speeds with less power in a small form factor. The Company’s high activity and high stability organic polymers allow it to create next-generation photonic EO devices that convert data from electrical signals into light/optical signals for applications in telecommunications, and for data transmission potentially used to support generative AI. Our differentiation at the modulator device level is in higher speed, lower power consumption, simplicity of manufacturing, small footprint (size), and reliability. We have demonstrated the electro-optic polymers potential for higher speed and lower power consumption in packaged devices, and during 2024, we continued to make advances in techniques to translate our world class material properties to efficient, reliable modulator devices with commercial foundries.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|
| Revenue | 101K | - | - | 0 | - | - |
| Net Income | -21M | -23M | -21M | -17M | -4.4M | -3.9M |
| EPS | $-0.17 | $-0.19 | $-0.18 | $-0.15 | $-0.08 | $-0.08 |
| Free Cash Flow | -15M | -18M | -16M | -12M | -3.4M | -2.9M |
| ROIC | -37.7% | -67.4% | -57.7% | -62.5% | -85.5% | - |
| Gross Margin | 93.6% | - | - | 0.0% | - | 0.0% |
| Debt/Equity | 0.00 | 0.13 | 0.15 | 0.06 | 0.05 | - |
| Dividends/Share | $0.00 | - | - | $0.00 | - | $0.00 |
| Operating Income | -21M | -23M | -21M | -17M | -4.4M | -5.0M |
| Operating Margin | -21263.2% | - | - | 0.0% | - | 0.0% |
| ROE | -51.0% | -64.5% | -65.8% | -65.3% | -122.8% | - |
| Shares Outstanding | 134M | 119M | 117M | 115M | 55M | 49M |
| Metric | 2010 | 2011 | 2012 | 2013 | 2014 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | 0 | N/A | N/A | 101K |
| Gross Margin | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | N/A | N/A | 93.6% |
| R&D | 1.7M | 1.7M | 2.5M | 2.1M | 2.8M | 13M | 16M | 17M | 13M |
| SG&A | 2.0M | 1.6M | 1.9M | 1.6M | 1.5M | 4.3M | 5.4M | 6.4M | 8.8M |
| EBIT | -3.7M | -4.2M | -6.0M | -5.0M | -4.4M | -17M | -21M | -23M | -21M |
| Op. Margin | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | N/A | N/A | -21263.2% |
| Net Income | -3.7M | -3.5M | -4.6M | -3.9M | -4.4M | -17M | -21M | -23M | -21M |
| Net Margin | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | N/A | N/A | -20877.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 216K | -213K | -6K |
| Returns on Capital | |||||||||
| ROIC | N/M | N/M | N/A | N/A | -85.5% | -62.5% | -57.7% | -67.4% | -37.7% |
| ROE | -353.2% | -341.7% | N/A | N/A | -122.8% | -65.3% | -65.8% | -64.5% | -51.0% |
| ROA | -252.3% | -291.1% | -192.3% | -110.8% | -117.2% | -61.0% | -59.2% | -56.6% | -46.9% |
| Cash Flow | |||||||||
| Op. Cash Flow | -1.4M | -1.7M | -2.4M | -2.8M | -3.1M | -11M | -12M | -16M | -14M |
| Free Cash Flow | -1.5M | -1.7M | -2.6M | -2.9M | -3.4M | -12M | -16M | -18M | -15M |
| Owner Earnings | -1.5M | -4.2M | -4.3M | -3.8M | -4.3M | -20M | -23M | -26M | -20M |
| CapEx | 24K | 18K | 266K | 109K | 213K | 1.3M | 3.3M | 2.3M | 1.3M |
| Maint. CapEx | 30K | 102K | 132K | 242K | 377K | 4.1M | 4.7M | 6.0M | 1.9M |
| Growth CapEx | 0 | 0 | 133K | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 30K | 102K | 132K | 242K | 377K | 4.1M | 4.7M | 6.0M | 1.9M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | 2.4M | 1.8M | 675K | 825K | 5.8M | 6.5M | 4.4M | 4.4M |
| Debt Repayment | 0 | 100K | 100K | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||
| Net Debt | N/A | N/A | N/A | -2.5M | N/A | N/A | N/A | N/A | -70M |
| Cash & Equiv. | 954K | 360K | 2.9M | 2.3M | 3.2M | 24M | 31M | 28M | 70M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.09 | 0.35 | N/A | N/A | 0.05 | 0.06 | 0.15 | 0.13 | 0.00 |
| Interest Coverage | -6665.5 | -25.3 | -45.7 | -23.8 | -260.5 | -81.7 | -31.5 | N/A | N/A |
| Equity | 1.4M | 683K | N/A | N/A | 4.1M | 28M | 36M | 33M | 41M |
| Total Assets | 1.5M | 921K | 3.8M | 3.2M | 4.3M | 29M | 42M | 38M | 45M |
| Total Liabilities | 116K | 238K | N/A | N/A | 222K | 1.7M | 5.3M | 4.4M | 3.6M |
| Intangibles | 346K | 431K | 489K | 544K | 610K | 1.0M | 1.3M | 1.4M | 1.5M |
| Retained Earnings | -16K | -16K | -16K | -32M | -37M | -107M | -128M | -150M | -166M |
| Working Capital | 978K | 373K | 3.0M | 2.4M | 3.3M | 24M | 30M | 26M | 34M |
| Current Assets | 1.0M | 402K | 3.0M | 2.4M | 3.3M | 25M | 33M | 28M | 35M |
| Current Liabilities | 50K | 28K | 3K | 8K | 33K | 1.5M | 2.6M | 1.8M | 1.1M |
| Per Share Data | |||||||||
| EPS | -0.09 | -0.08 | -0.09 | -0.08 | -0.08 | -0.15 | -0.18 | -0.19 | -0.17 |
| Owner EPS | -0.04 | -0.10 | -0.09 | -0.08 | -0.08 | -0.18 | -0.20 | -0.22 | -0.15 |
| Book Value | 0.03 | 0.02 | N/A | N/A | 0.07 | 0.24 | 0.31 | 0.28 | 0.31 |
| Cash Flow/Share | -0.03 | -0.04 | -0.05 | -0.06 | -0.06 | -0.09 | -0.10 | -0.13 | -0.14 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | N/A | 0.00 | N/A | N/A | 0.00 |
| Shares Out. | 41.3M | 43.5M | 50.6M | 48.9M | 55.1M | 114.9M | 116.9M | 118.6M | 133.6M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -71.9 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | 10.9 | N/A | 17.1 | 7.3 | 39.6 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | N/A | N/A | N/A | N/A | -7.6% | N/A | -2.5% | -7.3% | -0.9% |
| Market Cap | 0 | 0 | 0 | 0 | 44M | 0 | 624M | 243M | 1.6B |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.89 | 0.00 | 5.61 | 3.47 | 12.22 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.80 | 0.00 | 5.34 | 2.05 | 12.22 |
Lightwave Logic, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Lightwave Logic, Inc. (LWLG) has a 5-year average return on invested capital (ROIC) of -68.3%. This is below average and may indicate limited pricing power.
Lightwave Logic, Inc. (LWLG) has a market capitalization of $1.6B. It is classified as a small-cap stock.
Lightwave Logic, Inc. (LWLG) does not currently pay a regular dividend.
Lightwave Logic, Inc. (LWLG) operates in the Miscellaneous Plastics Products industry, within the Materials sector.
Lightwave Logic, Inc. (LWLG) generated $-18 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Lightwave Logic, Inc. (LWLG) has a debt-to-equity ratio of 0.13. This indicates a conservatively financed balance sheet.
Lightwave Logic, Inc. (LWLG) reported earnings per share (EPS) of $-0.19 in its most recent fiscal year.
Lightwave Logic, Inc. (LWLG) has a return on equity (ROE) of -64.5%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 8 years of financial data for Lightwave Logic, Inc. (LWLG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Lightwave Logic, Inc. (LWLG) has a book value per share of $0.28, based on its most recent annual SEC filing.