Lightwave Logic, Inc. (LWLG) 10-Year Financial Performance & Capital Metrics

LWLG • • Industrial / General

Basic MaterialsSpecialty ChemicalsElectronic & Advanced MaterialsElectronic Chemicals & Materials

AboutLightwave Logic, Inc., a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States. The company is involved in designing and synthesizing organic chromophores for use in its electro-optic polymer systems and photonic device designs. It also offers electro-optic modulators, which converts data from electric signals to optical signals for transmission over fiber-optic cables; and polymer photonic integrated circuits, a photonic device, which integrates various photonic functions on a single chip. In addition, the company provides the ridge waveguide modulator, a modulator that fabricates the waveguide within a layer of its electro-optic polymer system. It focuses on selling its products to electro-optic device manufacturers, such as telecommunications component and systems manufacturers, networking and switching suppliers, semiconductor companies, Web 2.0 media, computing companies, aerospace companies, and government agencies. The company was formerly known as Third-order Nanotechnologies, Inc. and changed its name to Lightwave Logic, Inc. in March 2008. Lightwave Logic, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.Show more

Revenue $96K +136.1%
EBITDA -$21M -6.5%
Net Income -$23M -7.1%
EPS (Diluted) -0.19 -5.6%
Gross Margin 92.27% -1.6%
EBITDA Margin -22189.11% +54.9%
Operating Margin -24150.56% +53.9%
Net Margin -23570.99% +54.6%
ROE -64.52% +1.9%
ROIC -210.72% +22.4%
Debt/Equity 0.08 +3.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 96 (top 4%)

✗Weaknesses

✗Negative free cash flow
✗Expensive at 16.6x book value
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y43.96%

5Y-

3Y-

TTM-11.12%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM4.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM-289.81%

ROCE

10Y Avg-97.44%

5Y Avg-80.52%

3Y Avg-62.99%

Latest-61.39%

Peer Comparison

Electronic Chemicals & Materials

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESIElement Solutions Inc	7.11B	29.38	29.09	5.3%	9.58%	8.97%	4.13%	0.79
DDDuPont de Nemours, Inc.	18.18B	43.39	25.83	2.64%	-6.17%	-3.3%	6.98%	0.30
CRKNCrown ElectroKinetics Corp.	191.21K	0.11	-0.00		-184.32%	-250.04%		0.46
LWLGLightwave Logic, Inc.	667.53M	4.59	-24.16	136.05%	-208.78%	-50.99%		0.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	0	0	0	0	0	40.5K	95.61K
Revenue Growth %	-1%	-	-	-	-	-	-	-	-	1.36%
Cost of Goods Sold+	179.91K	195.61K	325.95K	465.8K	698.69K	784.42K	878.52K	1.05M	2.51K	7.39K
COGS % of Revenue	-	-	-	-	-	-	-	-	0.06%	0.08%
Gross Profit+	-179.91K	-195.61K	-325.95K	-465.8K	-698.69K	-784.42K	-878.52K	-1.05M	37.99K	88.21K
Gross Margin %	-	-	-	-	-	-	-	-	0.94%	0.92%
Gross Profit Growth %	-72.96%	-0.09%	-0.67%	-0.43%	-0.5%	-0.12%	-0.12%	-0.19%	1.04%	1.32%
Operating Expenses+	4.85M	4.14M	5.52M	5.6M	5.62M	5.82M	16.12M	16.09M	21.26M	23.18M
OpEx % of Revenue	-	-	-	-	-	-	-	-	524.99%	242.43%
Selling, General & Admin	2.02M	1.66M	2M	1.81M	1.99M	2.06M	3.64M	3.29M	5.36M	6.37M
SG&A % of Revenue	-	-	-	-	-	-	-	-	132.33%	66.64%
Research & Development	2.83M	2.47M	3.52M	3.79M	3.63M	3.76M	12.48M	12.81M	15.9M	16.81M
R&D % of Revenue	-	-	-	-	-	-	-	-	392.66%	175.79%
Other Operating Expenses	0	-271.88K	-226.09K	-172.19K	0	0	0	0	0	0
Operating Income+	-4.85M	-4.14M	-5.52M	-5.6M	-6.32M	-6.6M	-17M	-17.14M	-21.23M	-23.09M
Operating Margin %	-	-	-	-	-	-	-	-	-524.05%	-241.51%
Operating Income Growth %	-0.1%	0.15%	-0.34%	-0.01%	-0.13%	-0.04%	-1.58%	-0.01%	-0.24%	-0.09%
EBITDA+	-4.67M	-3.94M	-5.2M	-5.14M	-5.62M	-5.82M	-16.12M	-16.09M	-19.92M	-21.21M
EBITDA Margin %	-	-	-	-	-	-	-	-	-491.86%	-221.89%
EBITDA Growth %	-0.1%	0.16%	-0.32%	0.01%	-0.09%	-0.03%	-1.77%	0%	-0.24%	-0.06%
D&A (Non-Cash Add-back)	179.91K	195.61K	325.95K	465.8K	698.69K	784.42K	878.52K	1.05M	1.3M	1.88M
EBIT	-4.85M	-4.14M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Net Interest Income+	0	0	0	0	232	776	13.83K	0	657.55K	926.85K
Interest Income	249	255	250	250	232	776	13.83K	91.66K	657.55K	926.85K
Interest Expense	249	255	250	250	0	0	0	91.66K	0	0
Other Income/Expense	249	-271.63K	-225.84K	-171.94K	-407.56K	-115.59K	-1.63M	-90.82K	187.23K	554.1K
Pretax Income+	-4.85M	-4.41M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Pretax Margin %	-	-	-	-	-	-	-	-	-519.43%	-235.71%
Income Tax+	0	-255	-250	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Net Income+	-4.85M	-4.41M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Net Margin %	-	-	-	-	-	-	-	-	-519.43%	-235.71%
Net Income Growth %	-0.1%	0.09%	-0.3%	-0%	-0.17%	0%	-1.77%	0.08%	-0.22%	-0.07%
Net Income (Continuing)	-4.85M	-4.41M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.08	-0.07	-0.08	-0.08	-0.08	-0.07	-0.17	-0.15	-0.18	-0.19
EPS Growth %	-0.01%	0.17%	-0.22%	0.07%	-0.07%	0.1%	-1.33%	0.12%	-0.2%	-0.06%
EPS (Basic)	-0.08	-0.07	-0.08	-0.08	-0.08	-0.07	-0.17	-0.15	-0.18	-0.19
Diluted Shares Outstanding	60.33M	66.2M	70.88M	76.4M	83.3M	91.86M	105.22M	111.81M	115.47M	120.9M
Basic Shares Outstanding	60.33M	66.2M	70.88M	76.4M	83.3M	91.86M	105.22M	111.81M	115.47M	120.9M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4M	2.09M	4.07M	2.51M	2.61M	3.87M	23.66M	25.36M	32.7M	28.12M
Cash & Short-Term Investments	3.73M	1.96M	3.48M	2.17M	2.24M	3.31M	23.43M	24.1M	31.43M	27.67M
Cash Only	3.73M	1.96M	3.48M	2.17M	2.24M	3.31M	23.43M	24.1M	31.43M	27.67M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	0	-226.36K	0	0	0	655.79K	34.86K	45.56K
Days Sales Outstanding	-	-	-	-	-	-	-	-	314.12	173.96
Inventory	0	49.61K	0	46.12K	1.02K	0	0	0	0	0
Days Inventory Outstanding	-	92.57	-	36.14	0.53	-	-	-	-	-
Other Current Assets	0	0	0	269.62K	245.18K	400.36K	33.04K	537.83K	1.21M	53.55K
Total Non-Current Assets+	1.11M	1.09M	1.78M	2.74M	4.22M	3.49M	3.56M	3.91M	9.08M	9.69M
Property, Plant & Equipment	495.06K	425.65K	1.18M	1.8M	3.28M	2.58M	2.72M	2.88M	7.83M	8.34M
Fixed Asset Turnover	-	-	-	-	-	-	-	-	0.01x	0.01x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	619.77K	667.97K	605.77K	938.24K	939.48K	916K	848.13K	1.03M	1.25M	1.36M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	0
Total Assets+	5.11M	3.19M	5.85M	5.25M	6.82M	7.37M	27.23M	29.26M	41.78M	37.81M
Asset Turnover	-	-	-	-	-	-	-	-	0.00x	0.00x
Asset Growth %	0.19%	-0.38%	0.84%	-0.1%	0.3%	0.08%	2.7%	0.07%	0.43%	-0.1%
Total Current Liabilities+	102.96K	127.89K	648.76K	344.2K	997.63K	933.03K	1.59M	1.5M	2.58M	1.79M
Accounts Payable	32.85K	65.03K	54.21K	150.74K	88.42K	169.25K	215.73K	891.84K	1.45M	515.96K
Days Payables Outstanding	66.65	121.34	60.7	118.12	46.19	78.75	89.63	311.44	210.26K	25.47K
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	39.88K	0
Other Current Liabilities	0	0	502.37K	229.63K	672.11K	465.58K	41.78K	41.78K	351.78K	23.21K
Current Ratio	38.80x	16.37x	6.27x	7.30x	2.62x	4.15x	14.92x	16.86x	12.66x	15.75x
Quick Ratio	38.80x	15.98x	6.27x	7.16x	2.61x	4.15x	14.92x	16.86x	12.66x	15.75x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	70.11K	62.86K	184.29K	193.46K	919.51K	658.3K	438.33K	206.43K	2.77M	2.6M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	703.46K	536.45K	358.25K	168.13K	2.77M	2.6M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	184.29K	193.46K	216.06K	121.85K	80.08K	38.3K	0	1
Total Liabilities	102.96K	127.89K	833.05K	344.2K	1.92M	1.59M	2.02M	1.71M	5.35M	4.38M
Total Debt+	0	0	0	0	859.98K	703.45K	536.45K	358.25K	2.91M	2.77M
Net Debt	-3.73M	-1.96M	-3.48M	-2.17M	-1.38M	-2.6M	-22.9M	-23.74M	-28.52M	-24.9M
Debt / Equity	-	-	-	-	0.18x	0.12x	0.02x	0.01x	0.08x	0.08x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-19460.57x	-16217.95x	-22094.15x	-22404.06x	-	-	-	-186.99x	-	-
Total Equity+	5.01M	3.06M	5.02M	4.91M	4.91M	5.78M	25.2M	27.55M	36.43M	33.42M
Equity Growth %	0.23%	-0.39%	0.64%	-0.02%	0%	0.18%	3.36%	0.09%	0.32%	-0.08%
Book Value per Share	0.08	0.05	0.07	0.06	0.06	0.06	0.24	0.25	0.32	0.28
Total Shareholders' Equity	5.01M	3.06M	5.02M	4.91M	4.91M	5.78M	25.2M	27.55M	36.43M	33.42M
Common Stock	65.24K	68.08K	74.07K	79.18K	87.41K	97.78K	110.56K	112.88K	118.14K	123.3K
Retained Earnings	-41.6M	-46.01M	-51.76M	-57.53M	-64.26M	-70.97M	-89.6M	-106.83M	-127.87M	-150.41M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-536.7K	-683.85K	0	-1.05M	0	0	0	0	-432.29K	-656.74K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.44M	-3.15M	-4.41M	-4.4M	-4.77M	-4.87M	-10.3M	-10.53M	-12.24M	-15.55M
Operating CF Margin %	-	-	-	-	-	-	-	-	-302.11%	-162.65%
Operating CF Growth %	-0.1%	0.08%	-0.4%	0%	-0.08%	-0.02%	-1.11%	-0.02%	-0.16%	-0.27%
Net Income	-4.85M	-4.41M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Depreciation & Amortization	179.91K	195.61K	325.95K	465.8K	698.69K	784.42K	1.05M	1.22M	1.3M	1.88M
Stock-Based Compensation	1.34M	436.23K	794.74K	387.69K	600.73K	539.41K	1.02M	5.81M	6.46M	4.44M
Deferred Taxes	91.26K	173.72K	416.93K	88.47K	0	0	0	0	0	0
Other Non-Cash Items	48.96K	295.88K	270.34K	172.19K	487.93K	212.14K	5.07M	354.64K	720.77K	814.28K
Working Capital Changes	-255.15K	152.48K	-468.27K	257.84K	173.77K	305.73K	1.19M	-692.89K	317.88K	-145K
Change in Receivables	0	0	0	0	0	0	0	0	-30.38K	-15.19K
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	-150.57K	32.66K	-55.18K	101.59K	-61.34K	115.82K	28.88K	643.92K	869.24K	-1.04M
Cash from Investing+	-309.48K	-173.76K	-265.53K	-1.43M	-305.67K	-217.98K	-1.12M	-2.21M	-2.96M	-2.7M
Capital Expenditures	-309.48K	-193.26K	-265.53K	-1.43M	-223.47K	-158.06K	-1.1M	-1.31M	-3.29M	-2.27M
CapEx % of Revenue	-	-	-	-	-	-	-	-	81.29%	23.72%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-279.9K	19.5K	-183.79K	2.5K	-82.19K	-59.92K	-18.65K	-902.53K	335.02K	-430.5K
Cash from Financing+	4.32M	1.55M	6.2M	4.53M	5.13M	6.16M	31.55M	13.41M	22.52M	14.48M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	4.32M	0	-23.85K	5.03M	0	1.66M	1.21M	635.69K	2.53M	337.35K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.75M	-3.35M	-4.68M	-5.84M	-5.07M	-5.09M	-11.42M	-12.1M	-15.84M	-18.25M
FCF Margin %	-	-	-	-	-	-	-	-	-390.99%	-190.87%
FCF Growth %	-0.09%	0.11%	-0.4%	-0.25%	0.13%	-0%	-1.24%	-0.06%	-0.31%	-0.15%
FCF per Share	-0.06	-0.05	-0.07	-0.08	-0.06	-0.06	-0.11	-0.11	-0.14	-0.15
FCF Conversion (FCF/Net Income)	0.71x	0.72x	0.77x	0.76x	0.71x	0.73x	0.55x	0.61x	0.58x	0.69x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-106.91%	-109.27%	-142.38%	-116.35%	-137.08%	-125.72%	-120.28%	-65.32%	-65.76%	-64.52%
Return on Invested Capital (ROIC)	-335.26%	-260.75%	-314.19%	-196.9%	-151.33%	-147.68%	-465.2%	-420.28%	-271.61%	-210.72%
Gross Margin	-	-	-	-	-	-	-	-	93.8%	92.27%
Net Margin	-	-	-	-	-	-	-	-	-51943.19%	-23570.99%
Debt / Equity	-	-	-	-	0.18x	0.12x	0.02x	0.01x	0.08x	0.08x
Interest Coverage	-19460.57x	-16217.95x	-22094.15x	-22404.06x	-	-	-	-186.99x	-	-
FCF Conversion	0.71x	0.72x	0.77x	0.76x	0.71x	0.73x	0.55x	0.61x	0.58x	0.69x
Revenue Growth	-100%	-	-	-	-	-	-	-	-	136.05%

Frequently Asked Questions

Growth & Financials

Lightwave Logic, Inc. (LWLG) reported $0.1M in revenue for fiscal year 2024.

Lightwave Logic, Inc. (LWLG) grew revenue by 136.1% over the past year. This is strong growth.

Lightwave Logic, Inc. (LWLG) reported a net loss of $21.0M for fiscal year 2024.

Dividend & Returns

Lightwave Logic, Inc. (LWLG) has a return on equity (ROE) of -64.5%. Negative ROE indicates the company is unprofitable.

Lightwave Logic, Inc. (LWLG) had negative free cash flow of $14.9M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Lightwave Logic, Inc. (LWLG) 10-Year Financial Performance & Capital Metrics

LWLG • • Industrial / General

Basic MaterialsSpecialty ChemicalsElectronic & Advanced MaterialsElectronic Chemicals & Materials

Revenue $96K +136.1%
EBITDA -$21M -6.5%
Net Income -$23M -7.1%
EPS (Diluted) -0.19 -5.6%
Gross Margin 92.27% -1.6%
EBITDA Margin -22189.11% +54.9%
Operating Margin -24150.56% +53.9%
Net Margin -23570.99% +54.6%
ROE -64.52% +1.9%
ROIC -210.72% +22.4%
Debt/Equity 0.08 +3.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 96 (top 4%)

✗Weaknesses

✗Negative free cash flow
✗Expensive at 16.6x book value
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y43.96%

5Y-

3Y-

TTM-11.12%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM4.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM-289.81%

ROCE

10Y Avg-97.44%

5Y Avg-80.52%

3Y Avg-62.99%

Latest-61.39%

Peer Comparison

Electronic Chemicals & Materials

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESIElement Solutions Inc	7.11B	29.38	29.09	5.3%	9.58%	8.97%	4.13%	0.79
DDDuPont de Nemours, Inc.	18.18B	43.39	25.83	2.64%	-6.17%	-3.3%	6.98%	0.30
CRKNCrown ElectroKinetics Corp.	191.21K	0.11	-0.00		-184.32%	-250.04%		0.46
LWLGLightwave Logic, Inc.	667.53M	4.59	-24.16	136.05%	-208.78%	-50.99%		0.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	0	0	0	0	0	40.5K	95.61K
Revenue Growth %	-1%	-	-	-	-	-	-	-	-	1.36%
Cost of Goods Sold+	179.91K	195.61K	325.95K	465.8K	698.69K	784.42K	878.52K	1.05M	2.51K	7.39K
COGS % of Revenue	-	-	-	-	-	-	-	-	0.06%	0.08%
Gross Profit+	-179.91K	-195.61K	-325.95K	-465.8K	-698.69K	-784.42K	-878.52K	-1.05M	37.99K	88.21K
Gross Margin %	-	-	-	-	-	-	-	-	0.94%	0.92%
Gross Profit Growth %	-72.96%	-0.09%	-0.67%	-0.43%	-0.5%	-0.12%	-0.12%	-0.19%	1.04%	1.32%
Operating Expenses+	4.85M	4.14M	5.52M	5.6M	5.62M	5.82M	16.12M	16.09M	21.26M	23.18M
OpEx % of Revenue	-	-	-	-	-	-	-	-	524.99%	242.43%
Selling, General & Admin	2.02M	1.66M	2M	1.81M	1.99M	2.06M	3.64M	3.29M	5.36M	6.37M
SG&A % of Revenue	-	-	-	-	-	-	-	-	132.33%	66.64%
Research & Development	2.83M	2.47M	3.52M	3.79M	3.63M	3.76M	12.48M	12.81M	15.9M	16.81M
R&D % of Revenue	-	-	-	-	-	-	-	-	392.66%	175.79%
Other Operating Expenses	0	-271.88K	-226.09K	-172.19K	0	0	0	0	0	0
Operating Income+	-4.85M	-4.14M	-5.52M	-5.6M	-6.32M	-6.6M	-17M	-17.14M	-21.23M	-23.09M
Operating Margin %	-	-	-	-	-	-	-	-	-524.05%	-241.51%
Operating Income Growth %	-0.1%	0.15%	-0.34%	-0.01%	-0.13%	-0.04%	-1.58%	-0.01%	-0.24%	-0.09%
EBITDA+	-4.67M	-3.94M	-5.2M	-5.14M	-5.62M	-5.82M	-16.12M	-16.09M	-19.92M	-21.21M
EBITDA Margin %	-	-	-	-	-	-	-	-	-491.86%	-221.89%
EBITDA Growth %	-0.1%	0.16%	-0.32%	0.01%	-0.09%	-0.03%	-1.77%	0%	-0.24%	-0.06%
D&A (Non-Cash Add-back)	179.91K	195.61K	325.95K	465.8K	698.69K	784.42K	878.52K	1.05M	1.3M	1.88M
EBIT	-4.85M	-4.14M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Net Interest Income+	0	0	0	0	232	776	13.83K	0	657.55K	926.85K
Interest Income	249	255	250	250	232	776	13.83K	91.66K	657.55K	926.85K
Interest Expense	249	255	250	250	0	0	0	91.66K	0	0
Other Income/Expense	249	-271.63K	-225.84K	-171.94K	-407.56K	-115.59K	-1.63M	-90.82K	187.23K	554.1K
Pretax Income+	-4.85M	-4.41M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Pretax Margin %	-	-	-	-	-	-	-	-	-519.43%	-235.71%
Income Tax+	0	-255	-250	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Net Income+	-4.85M	-4.41M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Net Margin %	-	-	-	-	-	-	-	-	-519.43%	-235.71%
Net Income Growth %	-0.1%	0.09%	-0.3%	-0%	-0.17%	0%	-1.77%	0.08%	-0.22%	-0.07%
Net Income (Continuing)	-4.85M	-4.41M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.08	-0.07	-0.08	-0.08	-0.08	-0.07	-0.17	-0.15	-0.18	-0.19
EPS Growth %	-0.01%	0.17%	-0.22%	0.07%	-0.07%	0.1%	-1.33%	0.12%	-0.2%	-0.06%
EPS (Basic)	-0.08	-0.07	-0.08	-0.08	-0.08	-0.07	-0.17	-0.15	-0.18	-0.19
Diluted Shares Outstanding	60.33M	66.2M	70.88M	76.4M	83.3M	91.86M	105.22M	111.81M	115.47M	120.9M
Basic Shares Outstanding	60.33M	66.2M	70.88M	76.4M	83.3M	91.86M	105.22M	111.81M	115.47M	120.9M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4M	2.09M	4.07M	2.51M	2.61M	3.87M	23.66M	25.36M	32.7M	28.12M
Cash & Short-Term Investments	3.73M	1.96M	3.48M	2.17M	2.24M	3.31M	23.43M	24.1M	31.43M	27.67M
Cash Only	3.73M	1.96M	3.48M	2.17M	2.24M	3.31M	23.43M	24.1M	31.43M	27.67M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	0	-226.36K	0	0	0	655.79K	34.86K	45.56K
Days Sales Outstanding	-	-	-	-	-	-	-	-	314.12	173.96
Inventory	0	49.61K	0	46.12K	1.02K	0	0	0	0	0
Days Inventory Outstanding	-	92.57	-	36.14	0.53	-	-	-	-	-
Other Current Assets	0	0	0	269.62K	245.18K	400.36K	33.04K	537.83K	1.21M	53.55K
Total Non-Current Assets+	1.11M	1.09M	1.78M	2.74M	4.22M	3.49M	3.56M	3.91M	9.08M	9.69M
Property, Plant & Equipment	495.06K	425.65K	1.18M	1.8M	3.28M	2.58M	2.72M	2.88M	7.83M	8.34M
Fixed Asset Turnover	-	-	-	-	-	-	-	-	0.01x	0.01x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	619.77K	667.97K	605.77K	938.24K	939.48K	916K	848.13K	1.03M	1.25M	1.36M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	0
Total Assets+	5.11M	3.19M	5.85M	5.25M	6.82M	7.37M	27.23M	29.26M	41.78M	37.81M
Asset Turnover	-	-	-	-	-	-	-	-	0.00x	0.00x
Asset Growth %	0.19%	-0.38%	0.84%	-0.1%	0.3%	0.08%	2.7%	0.07%	0.43%	-0.1%
Total Current Liabilities+	102.96K	127.89K	648.76K	344.2K	997.63K	933.03K	1.59M	1.5M	2.58M	1.79M
Accounts Payable	32.85K	65.03K	54.21K	150.74K	88.42K	169.25K	215.73K	891.84K	1.45M	515.96K
Days Payables Outstanding	66.65	121.34	60.7	118.12	46.19	78.75	89.63	311.44	210.26K	25.47K
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	39.88K	0
Other Current Liabilities	0	0	502.37K	229.63K	672.11K	465.58K	41.78K	41.78K	351.78K	23.21K
Current Ratio	38.80x	16.37x	6.27x	7.30x	2.62x	4.15x	14.92x	16.86x	12.66x	15.75x
Quick Ratio	38.80x	15.98x	6.27x	7.16x	2.61x	4.15x	14.92x	16.86x	12.66x	15.75x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	70.11K	62.86K	184.29K	193.46K	919.51K	658.3K	438.33K	206.43K	2.77M	2.6M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	703.46K	536.45K	358.25K	168.13K	2.77M	2.6M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	184.29K	193.46K	216.06K	121.85K	80.08K	38.3K	0	1
Total Liabilities	102.96K	127.89K	833.05K	344.2K	1.92M	1.59M	2.02M	1.71M	5.35M	4.38M
Total Debt+	0	0	0	0	859.98K	703.45K	536.45K	358.25K	2.91M	2.77M
Net Debt	-3.73M	-1.96M	-3.48M	-2.17M	-1.38M	-2.6M	-22.9M	-23.74M	-28.52M	-24.9M
Debt / Equity	-	-	-	-	0.18x	0.12x	0.02x	0.01x	0.08x	0.08x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-19460.57x	-16217.95x	-22094.15x	-22404.06x	-	-	-	-186.99x	-	-
Total Equity+	5.01M	3.06M	5.02M	4.91M	4.91M	5.78M	25.2M	27.55M	36.43M	33.42M
Equity Growth %	0.23%	-0.39%	0.64%	-0.02%	0%	0.18%	3.36%	0.09%	0.32%	-0.08%
Book Value per Share	0.08	0.05	0.07	0.06	0.06	0.06	0.24	0.25	0.32	0.28
Total Shareholders' Equity	5.01M	3.06M	5.02M	4.91M	4.91M	5.78M	25.2M	27.55M	36.43M	33.42M
Common Stock	65.24K	68.08K	74.07K	79.18K	87.41K	97.78K	110.56K	112.88K	118.14K	123.3K
Retained Earnings	-41.6M	-46.01M	-51.76M	-57.53M	-64.26M	-70.97M	-89.6M	-106.83M	-127.87M	-150.41M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-536.7K	-683.85K	0	-1.05M	0	0	0	0	-432.29K	-656.74K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.44M	-3.15M	-4.41M	-4.4M	-4.77M	-4.87M	-10.3M	-10.53M	-12.24M	-15.55M
Operating CF Margin %	-	-	-	-	-	-	-	-	-302.11%	-162.65%
Operating CF Growth %	-0.1%	0.08%	-0.4%	0%	-0.08%	-0.02%	-1.11%	-0.02%	-0.16%	-0.27%
Net Income	-4.85M	-4.41M	-5.75M	-5.77M	-6.73M	-6.72M	-18.63M	-17.23M	-21.04M	-22.54M
Depreciation & Amortization	179.91K	195.61K	325.95K	465.8K	698.69K	784.42K	1.05M	1.22M	1.3M	1.88M
Stock-Based Compensation	1.34M	436.23K	794.74K	387.69K	600.73K	539.41K	1.02M	5.81M	6.46M	4.44M
Deferred Taxes	91.26K	173.72K	416.93K	88.47K	0	0	0	0	0	0
Other Non-Cash Items	48.96K	295.88K	270.34K	172.19K	487.93K	212.14K	5.07M	354.64K	720.77K	814.28K
Working Capital Changes	-255.15K	152.48K	-468.27K	257.84K	173.77K	305.73K	1.19M	-692.89K	317.88K	-145K
Change in Receivables	0	0	0	0	0	0	0	0	-30.38K	-15.19K
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	-150.57K	32.66K	-55.18K	101.59K	-61.34K	115.82K	28.88K	643.92K	869.24K	-1.04M
Cash from Investing+	-309.48K	-173.76K	-265.53K	-1.43M	-305.67K	-217.98K	-1.12M	-2.21M	-2.96M	-2.7M
Capital Expenditures	-309.48K	-193.26K	-265.53K	-1.43M	-223.47K	-158.06K	-1.1M	-1.31M	-3.29M	-2.27M
CapEx % of Revenue	-	-	-	-	-	-	-	-	81.29%	23.72%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-279.9K	19.5K	-183.79K	2.5K	-82.19K	-59.92K	-18.65K	-902.53K	335.02K	-430.5K
Cash from Financing+	4.32M	1.55M	6.2M	4.53M	5.13M	6.16M	31.55M	13.41M	22.52M	14.48M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	4.32M	0	-23.85K	5.03M	0	1.66M	1.21M	635.69K	2.53M	337.35K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.75M	-3.35M	-4.68M	-5.84M	-5.07M	-5.09M	-11.42M	-12.1M	-15.84M	-18.25M
FCF Margin %	-	-	-	-	-	-	-	-	-390.99%	-190.87%
FCF Growth %	-0.09%	0.11%	-0.4%	-0.25%	0.13%	-0%	-1.24%	-0.06%	-0.31%	-0.15%
FCF per Share	-0.06	-0.05	-0.07	-0.08	-0.06	-0.06	-0.11	-0.11	-0.14	-0.15
FCF Conversion (FCF/Net Income)	0.71x	0.72x	0.77x	0.76x	0.71x	0.73x	0.55x	0.61x	0.58x	0.69x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-106.91%	-109.27%	-142.38%	-116.35%	-137.08%	-125.72%	-120.28%	-65.32%	-65.76%	-64.52%
Return on Invested Capital (ROIC)	-335.26%	-260.75%	-314.19%	-196.9%	-151.33%	-147.68%	-465.2%	-420.28%	-271.61%	-210.72%
Gross Margin	-	-	-	-	-	-	-	-	93.8%	92.27%
Net Margin	-	-	-	-	-	-	-	-	-51943.19%	-23570.99%
Debt / Equity	-	-	-	-	0.18x	0.12x	0.02x	0.01x	0.08x	0.08x
Interest Coverage	-19460.57x	-16217.95x	-22094.15x	-22404.06x	-	-	-	-186.99x	-	-
FCF Conversion	0.71x	0.72x	0.77x	0.76x	0.71x	0.73x	0.55x	0.61x	0.58x	0.69x
Revenue Growth	-100%	-	-	-	-	-	-	-	-	136.05%

Frequently Asked Questions

Growth & Financials

Lightwave Logic, Inc. (LWLG) reported $0.1M in revenue for fiscal year 2024.

Lightwave Logic, Inc. (LWLG) grew revenue by 136.1% over the past year. This is strong growth.

Lightwave Logic, Inc. (LWLG) reported a net loss of $21.0M for fiscal year 2024.

Dividend & Returns

Lightwave Logic, Inc. (LWLG) has a return on equity (ROE) of -64.5%. Negative ROE indicates the company is unprofitable.

Lightwave Logic, Inc. (LWLG) had negative free cash flow of $14.9M in fiscal year 2024, likely due to heavy capital investments.