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Home CompaniesLightwave Logic Inc

Lightwave Logic Inc

Basic Materials Specialty Chemicals
PortfolioPortfolio WatchlistWatchlist
Company price
4.66 USD 0.29 ( 6.64%)
Last update at 2026-11-09T18:00:00Z
VOLUME
1964642
Market Cap
718.42M

Momentum Score

…

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.

Source: TradingView
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Day Price Range
4.21
Low
4.80
High
52 Week Price Range
2.84
Low
18.71
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
4.37
Dividend Yield
-
Revenue TTM
0.25M
Revenue Per Share
0.00
Gross Profit TTM
0.25M
Debt / Equity
0.03
ROE
-35.42%
Net Debt
-66.42M
ROCE
-25.54%
Diluted EPS TTM
-0.17

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -20.31M -22.54M -21.04M -17.23M -18.63M
Net income -20.31M -22.54M -21.04M -17.23M -18.21M
Selling general administrative 9.50M 6.37M 5.36M 4.33M 4.52M
Selling and marketing expenses - - 1.30M - -
Gross profit -1.88M 0.09M 0.04M 0.03M -
Reconciled depreciation 2.11M 1.88M 1.09M 1.05M 0.88M
Ebit -20.31M -22.54M -21.04M -17.14M -17.00M
Ebitda -18.21M -20.66M -19.73M -16.09M -16.53M
Depreciation and amortization 2.11M 1.88M 1.30M 1.05M 0.47M
Non operating income net other - - - 0.09M 0.01M
Operating income -20.76M -23.09M -21.23M -17.14M -17.00M
Other operating expenses 21.00M 23.18M 21.27M 17.14M 17.00M
Interest expense - - - 0.09M 0.01M
Interest income 0.84M 0.93M 0.44M 0.09M 0.01M
Net interest income 0.84M 0.93M 0.44M 0.09M 0.01M
Income tax expense - - 0.00M -0.00M -0.42M
Total revenue 0.24M 0.10M 0.04M 0.03M 0.00M
Total operating expenses 18.88M 23.18M 21.26M 17.14M 17.00M
Cost of revenue 2.12M 0.01M 0.00M - -
Total other income expense net 0.45M 0.55M 0.19M -0.09M -1.63M
Net income from continuing ops -20.31M -22.54M -21.17M -17.26M -19.04M
Net income applicable to common shares - - - -17.23M -18.63M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 81.67M 37.81M 41.78M 29.26M 27.23M
Intangible assets 1.71M 1.36M 1.25M 1.03M 0.85M
Other current assets 0.60M 0.40M 0.76M 0.54M 0.23M
Total liab 7.02M 4.38M 5.35M 1.71M 2.02M
Total stockholder equity 74.65M 33.42M 36.43M 27.55M 25.20M
Other current liab 1.40M 1.10M 0.64M 0.42M 1.16M
Common stock 0.15M 0.12M 0.12M 0.11M 0.11M
Capital stock 0.15M 0.12M 0.12M 0.11M 0.11M
Retained earnings -167.31M -150.41M -127.87M -106.83M -89.60M
Other liab - - - 0.04M 0.08M
Other assets - - 0.00M - 0.00M
Cash 69.02M 27.67M 31.43M 24.10M 23.43M
Total current liabilities 2.14M 1.79M 2.58M 1.50M 1.59M
Current deferred revenue 0.01M 0.02M 0.04M - -
Net debt -66.42M -24.90M -28.52M -23.74M -22.90M
Short term debt 0.19M 0.17M 0.14M 0.19M 0.18M
Short long term debt total 2.60M 2.77M 2.91M 0.36M 0.54M
Other stockholder equity 242.02M 184.36M 164.62M 134.27M 114.70M
Property plant equipment - - - 2.52M 2.72M
Total current assets 69.81M 28.12M 32.70M 25.36M 23.66M
Net tangible assets - - - 27.55M 24.36M
Net receivables 0.19M 0.05M 0.03M 0.66M -
Inventory - - 0.48M 0.06M -
Accounts payable 0.53M 0.52M 1.76M 0.89M 0.25M
Accumulated other comprehensive income -0.20M -0.66M -0.43M - -
Common stock total equity - - - 0.11M 0.11M
Retained earnings total equity - - - -106.83M -89.60M
Non currrent assets other 2.48M - - 0.36M 0.00M
Non current assets total 11.86M 9.69M 9.08M 3.91M 3.56M
Capital lease obligations 2.60M 2.77M 2.91M 0.36M 0.54M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -2.70M -1.79M -2.21M -1.12M
Change to liabilities - - - -0.09M 0.03M
Total cashflows from investing activities -1.82M -2.70M -2.96M -2.21M -1.12M
Net borrowings - - - - -0.01M
Total cash from financing activities 56.92M 14.48M 22.52M 13.35M 31.28M
Change to operating activities - - - -1.16M 1.33M
Net income -20.31M -22.54M -21.04M -17.23M -18.63M
Change in cash 41.35M -3.76M 7.33M 0.67M 20.13M
Begin period cash flow 27.67M 31.43M 24.10M 23.43M 3.31M
End period cash flow 69.02M 27.67M 31.43M 24.10M 23.43M
Total cash from operating activities -13.75M -15.55M -12.24M -10.47M -10.04M
Issuance of capital stock 56.74M 14.15M 18.13M 12.78M 30.35M
Depreciation 2.11M 1.88M 1.30M 1.05M 0.88M
Other cashflows from investing activities -19.27M -0.43M 0.34M -0.90M -0.02M
Change to account receivables -0.15M -0.02M -0.03M - -
Sale purchase of stock - - - 0.65M 2.38M
Other cashflows from financing activities 18.60M 0.34M 2.53M 0.57M 0.94M
Change to netincome - - - 6.02M 6.36M
Capital expenditures 1.33M 2.70M 3.60M 1.57M 1.12M
Cash flows other operating - - - -0.30M 3.56M
Cash and cash equivalents changes - - - 0.67M 20.13M
Change in working capital -0.62M -0.14M 0.32M -0.51M 1.36M
Stock based compensation 0.55M 4.44M 6.46M 5.81M 1.02M
Other non cash items 4.53M 0.81M 0.72M 0.42M 2.06M
Free cash flow -15.08M -18.25M -15.84M -12.03M -11.15M

Peer Comparison*

Sector: Basic Materials Industry: Specialty Chemicals

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
LWLG
Lightwave Logic Inc		 0.29
6.64%		 4.66 - - 2870.80 7.08 2577.63 -23.12
LIN
Linde plc Ordinary Shares		 5.92
1.15%		 521.17 33.77 28.90 6.56 5.42 7.03 18.92
AIQUY
Air Liquide SA ADR		 0.77
1.85%		 42.43 30.69 24.81 4.70 4.10 4.36 15.61
AIQUF
L'Air Liquide S.A		 -3.32
1.57%		 207.86 29.78 22.68 4.54 3.98 4.50 15.90
SHW
Sherwin-Williams Co		 11.90
3.46%		 356.00 33.33 27.40 3.38 20.60 3.88 21.36

Profile*

Lightwave Logic Inc

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.

369 Inverness Parkway, Englewood, CO, United States, 80112-6039

720 340 4949

https://lightwavelogic.com

34

Name Title Year Born
Dr. Michael S. Lebby Ph.D. Chairman & CEO 1962
Mr. James S. Marcelli Pres, COO, Principal Financial Officer, Sec. & Director 1948
Rear Admiral Thomas E. Zelibor USN (Ret). Advisor 1955
Dr. Karen Liu VP of Sales & Marketing NA
Mr. David Fielder Eaton Sr. Technology Advisor 1947
Dr. Ross Fasick Sr. Technology Advisor 1933
Mr. James S. Marcelli President, COO, Principal Financial Officer, Secretary & Director 1948
Mr. David Fielder Eaton Senior Technology Advisor 1947
Mr. Yves LeMaitre President, CEO & Employee Director 1964
Mr. Fred Albert Graffam III Chief Financial Officer 1966

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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