Lightwave Logic, Inc.

Lightwave Logic, Inc.

LWLGยทNASDAQ

$12.18

-0.90%
Basic MaterialsChemicals - Specialty

Lightwave Logic, Inc., a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States. The company is involved in designing and synthesizing organic chromophores for use in its electro-optic polymer systems and photonic device designs. It also offers electro-optic modulators, which converts data from electric signals to optical signals for transmission over fiber-optic cables; and polymer photonic integrated circuits, a photonic device, which integrates various photonic functions on a single chip. In addition, the company provides the ridge waveguide modulator, a modulator that fabricates the waveguide within a layer of its electro-optic polymer system. It focuses on selling its products to electro-optic device manufacturers, such as telecommunications component and systems manufacturers, networking and switching suppliers, semiconductor companies, Web 2.0 media, computing companies, aerospace companies, and government agencies. 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.

At a Glance

Live Snapshot
Market Cap$1.88B
EPS-0.1600
P/E Ratio-76.12
Earnings Date08/13/2026
3Y+31.0%
5Y+182.0%
10Y+336.0%
3Y-18.0%
5Y+734.0%
10Y+946.0%
3Y+324.0%
5Y+824.0%
10Y+3564.0%
LWLG

Lightwave Logic, Inc. Cash Conversion Engine

LWLG ยท NASDAQ
Net Income-20.31M
Depreciation & Amortization2.11M
Stock-Based Compensation551.47K
Change in Working Capital-622.24K
Others4.53M
Capital Expenditures-1.33M
Free Cash Flow-15.08M

Cash Flow Quality Analysis

FCF Conversion Rate

74.2%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-9.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+17.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$622.24K

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Lightwave Logic, Inc. Cash Flow Statement

LWLG โ€ข NASDAQ

Lightwave Logic, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
-20.3M
-22.5M
-21M
-17.2M
-18.6M
-6.7M
-6.7M
-5.8M
-5.7M
-4.4M
-4.8M
-4.4M
-3.9M
-4.6M
-3.5M
-3.7M
-2.7M
-4.3M
-4.2M
-2.6M
2.1M
1.9M
1.3M
1.2M
1M
784.4K
698.7K
465.8K
325.9K
195.6K
179.9K
151.2K
126.8K
79.2K
35.4K
30.2K
17K
15.8K
1.6M
330.7K
0.0
0.0
0.0
0.0
0.0
0.0
80.1K
88.5K
416.9K
173.7K
91.3K
148.7K
135.9K
291.3K
0.0
0.0
0.0
0.0
0.0
0.0
551.5K
4.4M
6.5M
5.8M
1M
539.4K
600.7K
387.7K
794.7K
436.2K
1.3M
824.7K
674.9K
1.8M
0.0
0.0
0.0
0.0
0.0
0.0
4.5M
814.3K
720.8K
354.6K
5.1M
212.1K
407.8K
172.2K
270.3K
295.9K
49K
41.4K
212.2K
132.4K
1.6M
2.3M
1.5M
3.1M
1.3M
560.9K
-622.2K
-145K
317.9K
-692.9K
1.2M
305.7K
173.8K
257.8K
-468.3K
152.5K
-255.1K
103.6K
-75.4K
-131.3K
154.8K
-74K
57.1K
-53.7K
-101.1K
962.2K
-13.7M
-15.6M
-12.2M
-10.5M
-10.3M
-4.9M
-4.8M
-4.4M
-4.4M
-3.2M
-3.4M
-3.1M
-2.8M
-2.4M
-1.7M
-1.4M
-1.1M
-1.2M
-1.4M
-742.7K
INVESTING ACTIVITIES
-1.3M
-2.3M
-3.3M
-1.3M
-1.1M
-158.1K
-305.7K
-1.4M
-265.5K
-193.3K
-309.5K
-294.5K
-179.2K
-348.9K
-111.7K
-108.4K
-108.1K
-48.2K
-182.4K
-8.5K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(2.5K)
(0.0)
(19.5K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
18.8M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
28.5K
0.0
175.4K
-19.3M
-430.5K
335K
-902.5K
-18.6K
-59.9K
-82.2K
2.5K
-183.8K
19.5K
-279.9K
-81.4K
-69.9K
-83.0
0.0
0.0
0.0
100K
0.0
0.0
-1.8M
-2.7M
-3M
-2.2M
-1.1M
-218K
-305.7K
-1.4M
-265.5K
-173.8K
-309.5K
-294.5K
-179.2K
-348.9K
-111.7K
-108.4K
-108.1K
(80.3K)
-182.4K
(166.9K)
FINANCING ACTIVITIES
38.3M
14.1M
20M
12.8M
30.4M
5.2M
5.6M
4.9M
5.7M
1.6M
0.0
4.2M
2.3M
4.9M
1.2M
2M
1.6M
776.8K
2.1M
425K
0.0
0.0
0.0
0.0
-13.1K
-669.6K
0.0
-499.4K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-4.1K
-5.2K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-200K
(0.0)
18.6M
337.4K
2.5M
635.7K
1.2M
1.7M
-505.7K
5M
-23.8K
0.0
4.3M
153.8K
72.5K
444.4K
0.0
0.0
12.5K
0.0
-1.5K
6.5K
56.9M
14.5M
22.5M
13.4M
31.5M
6.2M
5.1M
4.5M
6.2M
1.6M
4.3M
4.3M
2.4M
5.3M
1.2M
2M
1.6M
776.8K
2.1M
426.3K
CASH FLOW SUMMARY
41.3M
-3.8M
7.3M
669.5K
20.1M
1.1M
61.7K
-1.3M
1.5M
-1.8M
564.8K
895.2K
-666.2K
2.6M
-594K
493.9K
371.8K
-391.2K
478.9K
-149.5K
27.7M
31.4M
24.1M
23.4M
3.3M
2.2M
2.2M
3.5M
2M
3.7M
3.2M
2.3M
2.9M
359.8K
953.9K
460K
88.2K
479.5K
528.0
150K
69M
27.7M
31.4M
24.1M
23.4M
3.3M
2.2M
2.2M
3.5M
2M
3.7M
3.2M
2.3M
2.9M
359.8K
953.9K
460K
88.2K
479.5K
528.0
-15.1M
-18.2M
-15.8M
-12.1M
-11.4M
-5.1M
-5.1M
-5.8M
-4.7M
-3.3M
-3.8M
-3.4M
-3M
-2.7M
-1.8M
-1.5M
-1.2M
-1.3M
-1.6M
-751.2K

SEC Filings

LWLG - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 27, 2026
May 21, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 15, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 21, 2026
April 20, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 10, 2026
May 21, 2026
2026
10-K

10-K 2025 FY

FY

March 20, 2026
December 31, 2025
2025
10-Q/A

10-Q/A 2025 Q2 (Amended)

Q2

January 20, 2026
June 30, 2025
2025
8-K

8-K 2026

N/A

January 20, 2026
January 16, 2026
2026
8-K

8-K 2026

N/A

January 08, 2026
January 06, 2026
2026
8-K

8-K 2025

N/A

December 17, 2025
December 15, 2025
2025
8-K

8-K 2025

N/A

December 15, 2025
December 12, 2025
2025
Showing 1 to 10 of 267 filings