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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
$944.51M+226%
Revenue$243.1K+176%
Net income-$21.9M-1.7%
Free cash flow-$15.2M+8.2%
EPS (diluted)-$0.17+5.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 13, 2026 (In 2 weeks)

Financials

Q1 2026

Income statement

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Revenue$29.2K+27.3%
Gross profit$27.8K+33.2%
Operating income-$6.7M-37.1%
Net income-$6.3M-34.1%
EPS (diluted)-$0.040.0%

Balance sheet

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Cash & equivalents$75.1M+200%
Total debt$2.6M-6.4%
Total equity$81.3M+158%
Total assets$85.9M+141%

Cash flow

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Operating cash flow-$4.1M-16.4%
CapEx$450.5K-47.2%
Free cash flow-$4.5M-3.9%

Valuation & ratios

Valuation

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Market cap$944.51M+226%
Enterprise value$871.96M+182%
P/S3,885.2×+400×

Profitability

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Gross margin97.5%+2.3pp
Operating margin-9,288.7%-3,592pp
Net margin-9,015.6%-3,489pp
FCF margin-6,272.6%-2,511pp

Returns & leverage

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Return on equity-38.8%-10.7pp
Debt / equity-0.1×
Current ratio34×+17.4×

Segments

By geography

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Outside The United States$29.2K+27.3%

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

Questions, answered.

What is Lightwave Logic, Inc.'s market cap?
Lightwave Logic, Inc. (LWLG) has a market capitalization of $944.5M and trades on NASDAQ.
What is Lightwave Logic, Inc.'s revenue and profitability?
Lightwave Logic, Inc. generated $243.1K in trailing twelve-month revenue with a net loss of $21.9M, representing a net margin of -9015.6%. Gross margin stands at 97.5%, with free cash flow of -$15.2M. These figures are based on the Q1 2026 filing.
Who are Lightwave Logic, Inc.'s competitors?
Lightwave Logic, Inc.'s key competitors include Intel Corporation, Lumentum Holdings Inc., Coherent Corp., 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.