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Lightwave Logic, Inc. LWLG
Nasdaq · stock · Miscellaneous Plastics Products · website · IPO 2003-02-13
Lightwave Logic, Inc. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $236,855 | $95,605 | $40,502 | — | — | — | — | — | — | — |
| Gross profit | — | $88,210 | $37,989 | — | — | — | — | — | — | — |
| R&D expense | $11.5M | $16.8M | $15.9M | $12.8M | $12.5M | $4.6M | $4.3M | $3.8M | $3.5M | $2.5M |
| Operating income | -$20.8M | -$23.1M | -$21.2M | -$17.1M | -$17.0M | -$6.6M | -$6.3M | -$5.6M | -$5.5M | -$4.1M |
| Interest expense | — | — | $673,578 | $209,709 | $2.1M | $116,366 | $407,792 | $172,192 | $226,094 | $271,885 |
| Net income | -$20.3M | -$22.5M | -$21.0M | -$17.2M | -$18.6M | -$6.7M | -$6.7M | -$5.8M | -$5.7M | -$4.4M |
| EPS (diluted) | $-0.16 | $-0.19 | $-0.18 | $-0.15 | $-0.18 | $-0.07 | — | — | — | — |
| Operating cash flow | -$13.7M | -$15.6M | -$12.2M | -$10.5M | -$10.3M | -$4.9M | -$4.8M | -$4.4M | -$4.4M | -$3.2M |
| Free cash flow | -$15.1M | -$17.8M | -$15.5M | -$11.8M | -$11.4M | -$5.0M | -$5.0M | -$5.4M | -$4.5M | -$3.3M |
| Cash & equivalents | $69.0M | $27.7M | $31.4M | $24.1M | $23.4M | $3.3M | $2.2M | $2.2M | $3.5M | $2.0M |
| Inventory | — | — | — | — | — | — | — | — | — | $49,608 |
| Total assets | $79.2M | $37.8M | $41.8M | $29.3M | $27.2M | $7.4M | $6.8M | $5.5M | $5.8M | $3.2M |
| Total liabilities | $4.5M | $4.4M | $5.3M | $1.7M | $2.0M | $1.6M | $1.9M | $544,530 | $833,055 | $127,886 |
| Shareholders' equity | $74.6M | $33.4M | $36.4M | $27.6M | $25.2M | $5.8M | $4.9M | $4.9M | $5.0M | $3.1M |
Growth · year-over-year · Revenue CAGR 141.8%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +147.7% | +136.1% | — | — | — | — | — | — | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.