LWLGNasdaqMiscellaneous Plastics ProductsFiscal year ends December 31
Lightwave Logic, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$3.96−0.01 (-0.25%)
Close on Oct 19, 2026
- Market cap
- $607.78M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
97.1%
Operating margin
-8765.5%
Net margin
-8576.5%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +147.7% | – | – | – | |
| Gross profit | +160.8% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -109.3% | -125.7% | -37.6% | |
| Return on assets | -106.2% | -94.6% | -34.7% | |
| Current ratio | 16.37 | 4.15 | 32.69 | |
| Interest coverage | -15.2× | -56.7× | – | |
| Capex to revenue | – | – | 562.3% | |
| Diluted shares | 66M | 92M | 129M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lightwave Logic generated $62.37M from operations and spent $9.30M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$62.37M
Used
$9.30M
Capital expenditure$9.30M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-8576.5%
×Asset turnover0.00×
×Equity multiplier1.08×
=Return on equity, FY2025-37.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -8576.5% | 0.00× | 1.08× | -37.6% |
| FY2024 | -23571.0% | 0.00× | 1.14× | -64.5% |
| FY2023 | -51943.2% | 0.00× | 1.11× | -65.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$20.31M
- Cash generatingOperating cash flow above zero-$13.75M
- Return on assets improvedROA up on the prior year-53.9% → -53.7%
- Earnings backed by cashOperating cash flow above net income-$13.75M vs -$20.31M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose15.75 → 32.69
- No dilutionShare count did not rise121M → 129M
- Gross margin improvedGross margin up on the prior year92.27% → 97.12%
- More efficientAsset turnover rose0.00 → 0.01