Lightwave Logic, Inc.

Lightwave Logic, Inc. (NASDAQ: LWLG) is a specialty materials and intellectual property company focused on developing and commercializing proprietary electro-optic polymer materials designed to enable high-speed optical modulators for data communications and photonic applications. The company maintains its principal executive offices and laboratory facilities in Englewood, Colorado, where it conducts research and development, electro-optic polymer synthesis, materials characterization, device integration, and early-stage commercial material production. More information about the company is available at www.lightwavelogic.com.

The company's core technology platform centers on its proprietary Perkinamine family of electro-optic polymer materials engineered for integration into silicon photonics and photonic integrated circuit platforms. These materials are designed to support high-speed, high-bandwidth optical modulation with lower drive voltage requirements compared to conventional silicon-based approaches and certain traditional photonic material systems. The materials are intended to be compatible with complementary metal-oxide-semiconductor fabrication processes, facilitating integration into established semiconductor foundry workflows.

Lightwave Logic does not manufacture finished optical transceivers, discrete photonic devices, or complete optical modules. Instead, the company pursues a fabless business model centered on material supply, intellectual property licensing, process design kit enablement, and royalty or production-based fee arrangements. The company's customers and prospective customers include semiconductor foundries, silicon photonics device designers, optical module manufacturers, and system integrators serving artificial intelligence, cloud computing, data center, and telecommunications markets.

As of December 31, 2025, the company employed 34 full-time employees, with approximately 23 engaged in research and development activities and 11 in selling, general and administrative functions. The company's intellectual property portfolio consists of 67 granted patents across multiple jurisdictions, including 45 U.S. patents, along with patents in Canada, the United Kingdom, the European Union, Japan, China, and Korea. The company has incurred substantial operating losses since inception, with a net loss of $20.3 million for the year ended December 31, 2025, and an accumulated deficit of $167.3 million as of that date.