What is Lightwave Logic, Inc.'s patent costs written off?

Lightwave Logic, Inc. (LWLG) reported patent costs written off of $130.5K in Q1 2026.

How has Lightwave Logic, Inc.'s patent costs written off changed year-over-year?

Lightwave Logic, Inc.'s patent costs written off increased by 22.7% year-over-year, from $106.33K to $130.5K.

What does patent costs written off mean?

The carrying value of patent-related intangible assets that are deemed impaired or no longer provide future economic benefit. This reflects the risk associated with the company's intellectual property portfolio and R&D investment success.

Lightwave Logic, Inc. LWLG Patent Costs Written Off

Patent Costs Written Off at other companies

GlaukosGKOS

$28.22M—

BiogenBIIB

$136.5M+22.1%

Universal DisplayOLED

$2.37M+24.3%

Illinois Tool WorksITW

$18M-14.3%

CarGurus, Inc.CARG

$1.65M-13.2%

Ligand PharmaceuticalsLGND

$8.1M-1.9%

Other financials

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

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Market cap$1.29B+747%

Enterprise value$1.22B+837%

P/S5,317.6×+3,586×

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 / equity0×-0.1×

Current ratio34×+17.4×

Where this comes from

Reported directly by Lightwave Logic, Inc. in its filing.

Tagged under the XBRL concept lwlg:PatentCostsWrittenOff.

The official record: Lightwave Logic, Inc.’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lightwave Logic, Inc.'s patent costs written off?: Lightwave Logic, Inc. (LWLG) reported patent costs written off of $130.5K in Q1 2026.
How has Lightwave Logic, Inc.'s patent costs written off changed year-over-year?: Lightwave Logic, Inc.'s patent costs written off increased by 22.7% year-over-year, from $106.33K to $130.5K.
What does patent costs written off mean?: The carrying value of patent-related intangible assets that are deemed impaired or no longer provide future economic benefit. This reflects the risk associated with the company's intellectual property portfolio and R&D investment success.