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Companies / Information Technology / Lightwave Logic, Inc.
LWLG

Lightwave Logic, Inc.

Information TechnologyRubber & Plastics
Ticker LWLGENGLEWOOD, COFiscal year ends DecemberBook value per share $0.69Diluted shares 150.8M

Lightwave Logic, Inc. (Nasdaq: LWLG) develops and commercializes proprietary electro-optic polymer materials for high-speed optical modulators used in data communications and other photonic applications. Its Perkinamine® materials are designed for integration into silicon photonics and other photonic integrated… From the company’s description.

Over the twelve months to Jun 30, 2026, Lightwave Logic, Inc. reported revenue of $0.25M, up 163.2% from a year earlier, and a net loss of $23.56M. Operations used $16.37M in cash. In fiscal 2025, it reported revenue of $0.24M, up 147.7% from fiscal 2024, and a net loss of $20.31M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$0.24MFY2025
+147.7% year over year
Last 12 mo $0.25M
-8765.46%FY2025
+15385.1 percentage points
Last 12 mo -9979.60%
$-20.31MFY2025
+9.9% year over year
Last 12 mo $-23.56M
-27.21%FY2025
+40.2 percentage points
Last 12 mo -22.61%
Cash & financing
$-13.75MFY2025
+11.6% year over year
Last 12 mo $-16.37M
$-15.08MFY2025
+15.4% year over year
Last 12 mo $-18.33M
—
128.6MFY2025
+6.7% year over year
Last 12 mo 150.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Lightwave Logic, Inc. does

In the company’s own words

Lightwave Logic, Inc. (Nasdaq: LWLG) develops and commercializes proprietary electro-optic polymer materials for high-speed optical modulators used in data communications and other photonic applications. Its Perkinamine® materials are designed for integration into silicon photonics and other photonic integrated circuit platforms, and the company supports customers through material sales, intellectual property licensing, process design kit enablement, and potential royalty or production-fee arrangements; it does not make complete optical transceivers or modules. Customers and prospective customers include semiconductor foundries, silicon photonics designers, optical module manufacturers, and system integrators serving AI, cloud computing, data center, and telecommunications markets. Lightwave Logic reports its customer programs through a four-stage commercialization process rather than separate reportable business segments; as of January 2026, three programs were at the prototype stage and about 15 additional engagements were in earlier stages. The company employed 34 full-time employees as of December 31, 2025. Its technology portfolio includes the Perkinamine® brand and intellectual property acquired from BrPhotonics in 2018 and Chromosol in 2022. Its website is www.lightwavelogic.com.

Company details
Sector
Information Technology
Industry (SIC)
Rubber & Plastics
Headquarters
ENGLEWOOD, CO
Fiscal year end
December
CIK
1325964
SIC
3080

Financial performance, year by year

Fiscal 2011–2025 · USD
$-25.95M$-18.80M$-11.66M$-4.51M$2.63M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Lightwave Logic, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

81
funds hold it
0 of 35
superinvestors hold it
$207.45M
held by funds, at market
13.6%
of shares held by funds

Largest fund holders · Lightwave Logic, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets
0.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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