Lightwave Logic, Inc. (LWLG) SEC Filings & Earnings Calls
EquiReason read 15 Lightwave Logic, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-09-29 — Appointment of Edward Kennedy to Board of Directors effective September 23, 2026, expanding board from 6 to 7 members. Press release highlights telecom/networking experience and AI.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 618.2M
- P/E TTM
- —
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 12 Nov, in 19 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
14 Aug 202610-QLightwave Logic reported Q2 2026 results with minimal revenue of $32,751 and a net loss of $6.6M, reflecting continued investment in R&D and commercialization.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $32751.00 | +28% y/y |
| Net loss · Q2-2026 | $-7M | +33% y/y |
| Cash and cash equivalents · 2026-06-30 | $47M | +114% y/y |
| Marketable securities · 2026-06-30 | $49M | |
| Research and development expense · Q2-2026 | $4M | +48% y/y |
| General and administrative expense · Q2-2026 | $3M | +49% y/y |
| Operating cash flow · 6M-2026 | $-10M | +36% y/y |
Risks flagged
Pre-revenue commercialization risk
“We do not currently expect significant revenue from high-volume commercial production of customer products until 2027 at the earliest.” · word for word
Customer adoption cycle risk
“The timing and scale of potential production revenue depend on customer product qualification and adoption cycles, technical validation, manufacturing readiness, end-market demand, and broader industry conditions.” · word for word
Dilution risk from equity financing
“We have satisfied our capital requirements since inception primarily through the issuance and sale of our common stock.” · word for word
20 Jul 20268-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
Key person risk due to CFO transition; new CFO has no prior experience at Lightwave Logic.
“CFO change from Snizhana Quan to Fred Graffam; Quan remains as VP of Finance and Corporate Controller.”
15 May 202610-QLightwave Logic reported a wider net loss in Q1 2026 as it continues to invest in commercialization, with no production revenue expected until 2027.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $29167.00 | +27% y/y |
| Net Loss · Q1-2026 | $-6M | +34% y/y |
| Cash and cash equivalents · 2026-03-31 | $75M | +200% y/y |
| Operating Cash Flow · Q1-2026 | $-4M | +16% y/y |
Guidance
No formal guidance provided; expects no high-volume production revenue until 2027.
No formal guidance; management indicates commercialization progress but no near-term production revenue.
Risks flagged
No near-term production revenue
“We do not currently expect significant revenue from high-volume commercial production of customer products until 2027 at the earliest.” · word for word
Dependence on customer adoption cycles
“The timing and scale of potential production revenue depend on customer product qualification and adoption cycles, technical validation, manufacturing readiness, end-market demand, and broader industry conditions.” · word for word
21 Apr 20268-K · 1.01Amendment to existing sales agreement with Roth Capital Partners; no new material business event, no financial metrics, no guidance. Routine housekeeping filing.open
Risks flagged
Potential equity dilution risk if the sales agreement allows for at-the-market offerings, but no details provided.
“Amendment to Sales Agreement with Roth Capital Partners, LLC.”
20 Mar 202610-KAnnual report filed; net loss decreased 10% to $20.3M, revenue increased 148% to $237K, cash position strengthened to $69M.earningsopen
Figures in the filing · each found in the filing text
| Net Loss · FY2025 | $-20M | -10% y/y |
| Cash and Cash Equivalents · 2025-12-31 | $69M | +149% y/y |
| Net Cash Used in Operating Activities · FY2025 | $-14M | -12% y/y |
| Net Cash Provided by Financing Activities · FY2025 | $57M | +293% y/y |
| Capital Expenditures · FY2025 | $2M | -33% y/y |
| Total Assets · 2025-12-31 | $79M | +110% y/y |
| Stockholders' Equity · 2025-12-31 | $75M | +123% y/y |
Risks flagged
Commercialization Delay Risk
“We do not currently expect significant revenue from volume commercial production of customer products until 2027 at the earliest.” · word for word
Customer Concentration Risk
“Our 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.” · word for word
Dilution Risk
“As of December 31, 2025, we have outstanding and exercisable options and warrants to purchase an aggregate of 8,186,290 shares of our common stock at exercise prices ranging from $0.51 to $16.81 per share with a weighted average exercise price of $3.57 per share.” · word for word
Stock Price Volatility Risk
“During the 52 weeks in 2025, the share price for our common stock ranged from a low of $0.79 to a high of $6.26.” · word for word
Going Concern Risk
“Our current cash position enables us to finance our operations at least through December 2027 before we will be required to replenish our cash reserves.” · word for word
20 Jan 20268-K · 4.02Compensation expense adjustment $705,499.00open
Figures in the filing · each found in the filing text
| compensation expense adjustment · Q2-2025 | $705499.00 |
Risks flagged
Financial statement reliability risk due to accounting error in non-cash compensation
“Company concluded previously issued financial statements should no longer be relied upon”
8 Jan 20268-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
Transition risk due to CFO/COO retirement, but internal promotion mitigates disruption
“Retirement of James S. Marcelli from CFO and COO roles; appointment of internal candidate”
17 Dec 20258-K · 1.01, 3.02, 7.01Net proceeds $33M; shares issued 11,666,667; offering price per share $3.00open
Figures in the filing · each found in the filing text
| net proceeds · 2025-12-17 | $33M | |
| shares issued · 2025-12-17 | 11,666,667 | |
| offering price per share · 2025-12-15 | $3.00 |
Risks flagged
Dilution risk from significant share issuance
“Issuance of 11,666,667 shares plus over-allotment option of 1,750,000 shares”
15 Dec 20258-K · 1.02Maximum purchase amount $30Mopen
Figures in the filing · each found in the filing text
| maximum purchase amount · 2025-12-12 | $30M |
Risks flagged
Loss of potential equity financing source, but company recently raised $32.8M in public offering
“Termination of Purchase Agreement that provided up to $30M in equity financing”
8 Dec 20258-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
Loss of President with operational expertise, but CEO remains and assumes role
“President Tom Zelibor retiring; CEO Yves LeMaitre to assume President role”
14 Nov 202510-QLightwave Logic reported Q3 2025 results: minimal revenue growth, net loss improved slightly, cash runway extended.earningsopen
Figures in the filing · each found in the filing text
| Licensing and royalty revenue · Q3-2025 | $29166.00 | +27% y/y |
| Net loss · Q3-2025 | $-5M | -4% y/y |
| Cash and cash equivalents · 2025-09-30 | $35M | +30% y/y |
| Operating cash flow · 9M-2025 | $-10M | -16% y/y |
Risks flagged
Going concern / capital dependency
“We have incurred substantial operating losses since our inception and will continue to incur substantial operating losses for the foreseeable future.” · word for word
Customer concentration
“The Company has one customer that accounted for 10% or more of total revenue.” · word for word
Lightwave Logic, Inc. — questions
- What did Lightwave Logic, Inc. file recently?
- 15 SEC filings in the last 12 months. Latest: 8-K on 2026-09-29 — Appointment of Edward Kennedy to Board of Directors effective September 23, 2026, expanding board from 6 to 7 members. Press release highlights telecom/networking experience and AI-driven data center demand.
Every figure on this page comes from Lightwave Logic, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.