Lightwave Logic, Inc. (NASDAQ:LWLG)
Insiders here have filed 1 Form 4 in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $250K
- Net income
- -$22.9M
- Net margin
- -9134.4%
Little or no net debt.
- Total debt
- $2.5M
- Cash
- $47.2M
- Debt / equity
- 0.02
Comfortably covers what is due within a year.
- Current assets
- $98.1M
- Current liabilities
- $1.6M
- Current ratio
- 62.84
Consumes cash and must keep raising it.
- Operating cash flow
- -$16.4M
- Free cash flow
- -$18.2M
- FCF margin
- -7280.4%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 153.5M
- Share growth (1y)
- 22.5%
- Cash runway
- 35 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
LWLG Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 32.75 K | 29.17 K | 159.17 K | 29.17 K | 25.61 K | 22.92 K |
| Revenue Growth (YoY) | 27.91 % | 27.27 % | 594.54 % | 27.27 % | 32.29 % | -24.66 % |
| Cost of Revenue | 0.00 | 1.34 K | 1.33 K | 0.00 | 3.46 K | 2.03 K |
| Gross Profit | 32.75 K | 27.83 K | 157.84 K | 29.17 K | 22.14 K | 20.89 K |
| SG&A Expense | 3.42 M | 3.26 M | 2.39 M | 2.29 M | 2.99 M | 1.84 M |
| R&D Expense | 3.88 M | 3.49 M | 2.84 M | 2.92 M | 2.64 M | 3.09 M |
| Operating Expenses | 7.30 M | 6.75 M | 5.23 M | 5.21 M | 5.63 M | 4.93 M |
| Operating Income | -7.27 M | -6.73 M | -5.07 M | -5.18 M | -5.61 M | -4.91 M |
| Pretax Income | -6.61 M | -6.30 M | -4.84 M | -5.10 M | -5.67 M | -4.70 M |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -6.61 M | -6.30 M | -4.84 M | -5.10 M | -5.67 M | -4.70 M |
| EPS (Basic) | -0.04 | -0.04 | -0.04 | -0.04 | -0.05 | -0.04 |
| EPS (Diluted) | -0.04 | -0.04 | -0.04 | -0.04 | -0.05 | -0.04 |
| Shares Outstanding | 153.48 M | 148.09 M | 128.63 M | 129.64 M | 125.27 M | 123.93 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.