Skip to content
Screener
Lightwave Logic, Inc. logo

Lightwave Logic, Inc.

LWLG

Lightwave Logic is a specialty materials and intellectual property company that develops proprietary electro-optic (EO) polymer materials for high-speed optical modulators.

Market cap
$744.63M+91.1%
Revenue$250.3K+165%
Net income-$22.9M-11.5%
Free cash flow-$18.3M-17.8%
EPS (diluted)-$0.16+5.9%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

August 11, 2026

Next report

Nov 12, 2026 (in 2 months)

Financials

Q2 2026

Income statement

See full
Revenue$32.8K+27.9%
Gross profit$32.8K+47.9%
Operating income-$7.3M-48.3%
Net income-$6.6M-33.2%
EPS (diluted)-$0.040.0%

Balance sheet

See full
Cash & equivalents$47.2M+114%
Total debt$2.5M-6.8%
Total equity$104.2M+261%
Total assets$108.1M+233%

Cash flow

See full
Operating cash flow-$5.8M-54.4%
CapEx$1.1M+2,547%
Free cash flow-$6.9M-80.8%

Valuation & ratios

Valuation

See full
Market cap$718.42M+91.1%
Enterprise value$673.71M+89.1%
P/S2,870.8×-1,113×

Profitability

See full
Gross margin98.9%+7.1pp
Operating margin-9,688.2%-3,480pp
Net margin-9,134.4%-3,352pp
FCF margin-7,323.7%-2,617pp

Returns & leverage

See full
Return on equity-34.4%-10.8pp
Debt / equity-0.1×
Current ratio62.8×+42.1×

Competitors

Profile

Lightwave Logic is a specialty materials and intellectual property company that develops proprietary electro-optic (EO) polymer materials for high-speed optical modulators. Its core value proposition centers on the Perkinamine family of materials, which enable faster data transmission and lower power consumption in silicon photonics and integrated circuit platforms. The company operates a fabless model, commercializing its technology through material sales, IP licensing, and royalty arrangements within the semiconductor ecosystem.

Competitive position

A development-stage technology leader in organic electro-optic polymers seeking to displace legacy silicon and lithium niobate modulation technologies.

GeographiesUnited States, Global
Customer segmentsHyperscale Data Centers, Artificial Intelligence Infrastructure, Telecommunications, Quantum Computing
Business modelIP Licensing, Material Supply, Royalty, Fabless Manufacturing
SuppliersSpecialty chemical precursor suppliers, Semiconductor equipment manufacturers, Third-party semiconductor foundries
CustomersCloud service providers, AI cluster operators, Telecom network operators, Defense and aerospace contractors
Listed1998
Employees33.0
CEOYves LeMaitre
FilingsSEC EDGAR

FAQ

What is Lightwave Logic, Inc.'s market cap?
Lightwave Logic, Inc. (LWLG) has a market capitalization of $744.6M and trades on NASDAQ.
What is Lightwave Logic, Inc.'s revenue and profitability?
Lightwave Logic, Inc. generated $250.3K in trailing twelve-month revenue with a net loss of $22.9M, representing a net margin of -9134.4%. Gross margin stands at 98.9%, with free cash flow of -$18.3M. The latest reported period is Q2 2026.
Who are Lightwave Logic, Inc.'s competitors?
Lightwave Logic, Inc.'s key competitors include Coherent Corp., Intel Corporation, Lumentum Holdings Inc., and others. These companies compete in similar markets and product categories.
Who does Lightwave Logic, Inc. partner with?
Lightwave Logic, Inc.'s notable partners include QPICs.
What subsidiaries does Lightwave Logic, Inc. have?
Lightwave Logic, Inc.'s subsidiaries include PSI-TEC Corp., BrPhotonics Productos Optoelectrónicos S.A., Chromosol Ltd.
Where is Lightwave Logic, Inc. headquartered?
Lightwave Logic, Inc. is headquartered in United States of America and employs approximately 33 people. It has been publicly traded since 1998.