Lightwave Logic, Inc. (LWLG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 29.17K | 159.17K | 29.17K | 25.61K | 22.92K | 22.92K | 22.92K | 19.36K | 30.42K | 40.5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | 27.27% | 594.54% | 27.27% | 32.29% | -24.66% | -43.42% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 551.27K | 522.74K | 543.28K | 3.46K | 2.03K | 984 | 1.24K | 0 | 438.68K | 370.49K | 312.14K | 302.2K | 321.66K | 286.92K | 0 | 252.38K | 244.17K | 0 | 0 | 0 |
| COGS % of Revenue | 1890.05% | 328.42% | 1862.73% | 13.52% | 8.85% | 4.29% | 5.39% | - | 1442.23% | 914.74% | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | -522.1K | -363.57K | -514.12K | 22.14K | 20.89K | 21.93K | 21.68K | 19.36K | -408.27K | -329.98K | -312.14K | -302.2K | -321.66K | -286.92K | 0 | -252.38K | -244.17K | 0 | 0 | 0 |
| Gross Margin % | -1790.05% | -228.42% | -1762.73% | 86.48% | 91.15% | 95.71% | 94.61% | 100% | -1342.23% | -814.74% | - | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | -2599.42% | -1757.66% | -2471.4% | 14.4% | 105.12% | 106.65% | 106.95% | 106.4% | -26.93% | -15.01% | - | -19.74% | -31.74% | - | - | - | - | - | - | - |
| Operating Expenses | 6.2M | 4.71M | 4.67M | 5.63M | 4.93M | 5.72M | 5.32M | 6.26M | 5.44M | 5.01M | 5.07M | 5.04M | 4.84M | 4.84M | 4.73M | 3.52M | 3.27M | 7.39M | 4.25M | 3.46M |
| OpEx % of Revenue | 21267.96% | 2957.67% | 15994.74% | 21979.39% | 21496.14% | 24975.04% | 23209.91% | 32337.54% | 17893.29% | 12367.31% | - | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 3.26M | 1.87M | 1.75M | 2.99M | 1.84M | 1.73M | 1.57M | 2.1M | 821.94K | 1.11M | 1.03M | 872.39K | 1.04M | 1.03M | 1.14M | 734.76K | 641.26K | 2.68M | 618.84K | 674K |
| SG&A % of Revenue | 11186.84% | 1172.72% | 5991.75% | 11661.33% | 8016.11% | 7541.14% | 6833.62% | 10835.47% | 2702.24% | 2745.73% | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 3.49M | 2.84M | 2.92M | 2.64M | 3.09M | 4M | 3.83M | 4.36M | 4.62M | 3.9M | 4.04M | 4.17M | 3.8M | 3.81M | 3.59M | 2.78M | 2.63M | 4.71M | 3.63M | 2.78M |
| R&D % of Revenue | 11966.59% | 1784.95% | 10002.99% | 10318.07% | 13480.03% | 17433.9% | 16705.8% | 22538.15% | 15191.05% | 9621.58% | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -549.93K | 0 | 0 | 0 | 0 | 0 | -75.51K | -200.53K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -6.73M | -5.07M | -5.18M | -5.61M | -4.91M | -5.7M | -5.3M | -6.24M | -5.85M | -5.34M | -5.39M | -5.34M | -5.16M | -5.13M | -4.73M | -3.77M | -3.51M | -7.39M | -4.25M | -3.46M |
| Operating Margin % | -23058.01% | -3186.1% | -17757.48% | -21892.92% | -21404.99% | -24879.33% | -23115.3% | -32237.54% | -19235.53% | -13182.04% | - | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | -37.1% | 11.06% | 2.23% | 10.16% | 16.16% | -6.79% | 1.66% | -16.83% | -13.39% | -4.11% | -13.82% | -41.73% | -46.98% | 30.64% | -11.34% | -9.03% | -85.18% | -367.4% | -167.39% | -111.74% |
| EBITDA | -6.18M | -4.55M | -4.64M | -5.07M | -4.4M | -5.21M | -4.86M | -5.82M | -5.42M | -4.97M | -5.07M | -5.04M | -4.84M | -4.84M | -4.43M | -3.52M | -3.27M | -7.16M | -4.03M | -3.24M |
| EBITDA Margin % | -21172.54% | -2858.51% | -15894.74% | -19787.77% | -19201.37% | -22735.21% | -21213.13% | -30076.65% | -17810.31% | -12273.51% | - | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | -40.34% | 12.68% | 4.64% | 12.96% | 18.77% | -4.81% | 4.2% | -15.54% | -11.97% | -2.68% | -14.65% | -43.3% | -48.12% | 32.36% | -9.94% | -8.67% | -92.23% | -416.09% | -188.3% | -125.41% |
| D&A (Non-Cash Add-back) | 549.93K | 521.41K | 543.28K | 539.02K | 505K | 491.37K | 435.9K | 418.24K | 433.51K | 367.97K | 312.14K | 302.2K | 321.66K | 286.92K | 306.64K | 252.38K | 244.17K | 236.37K | 224.74K | 220.84K |
| EBIT | -6.73M | -5.07M | -5.1M | -5.61M | -4.91M | -5.53M | -5.3M | -6.27M | -5.85M | -5.34M | -5.16M | -5.46M | -5.48M | -5.07M | -4.73M | -3.8M | -3.56M | -7.39M | -4.25M | -3.46M |
| Net Interest Income | 461.27K | 293K | 193.34K | 168.25K | 187.85K | 199.38K | 222.4K | 251.73K | 253.34K | 253.59K | 246.99K | 103.69K | 53.29K | 34.11K | 29.13K | 13.4K | 15.02K | 11.38K | 2.03K | 105 |
| Interest Income | 461.27K | 293K | 193.34K | 168.25K | 187.85K | 199.38K | 222.4K | 251.73K | 253.34K | 253.59K | 246.99K | 103.69K | 53.29K | 34.11K | 29.13K | 13.4K | 15.02K | 11.38K | 2.03K | 105 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 424.79K | 227.13K | 78.59K | -66.45K | 208.36K | 167.06K | -3.81K | 219.89K | 170.96K | 399.32K | 221.69K | -117.05K | -316.14K | 59.69K | -71.07K | -34.25K | -45.19K | -714.45K | 2.03K | -1.08M |
| Pretax Income | -6.3M | -4.84M | -5.1M | -5.67M | -4.7M | -5.53M | -5.3M | -6.02M | -5.68M | -4.94M | -5.16M | -5.46M | -5.48M | -5.07M | -4.8M | -3.8M | -3.56M | -8.11M | -4.25M | -4.54M |
| Pretax Margin % | -21601.6% | -3043.4% | -17488.03% | -22152.44% | -20495.81% | -24150.34% | -23131.93% | -31101.44% | -18673.48% | -12196.13% | - | - | - | - | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -6.3M | -4.84M | -5.1M | -5.67M | -4.7M | -5.53M | -5.3M | -6.02M | -5.68M | -4.94M | -5.16M | -5.46M | -5.48M | -5.07M | -4.8M | -3.8M | -3.56M | -8.11M | -4.25M | -4.54M |
| Net Margin % | -21601.6% | -3043.4% | -17488.03% | -22152.44% | -20495.81% | -24150.34% | -23131.93% | -31101.44% | -18673.48% | -12196.13% | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | -34.14% | 12.48% | 3.78% | 5.77% | 17.3% | -12.04% | -2.64% | -10.3% | -3.72% | 2.55% | -7.52% | -43.53% | -54% | 37.49% | -13.07% | 16.23% | -104.94% | -404.72% | -162.57% | -172.82% |
| Net Income (Continuing) | -6.3M | -4.84M | -5.1M | -5.67M | -4.7M | -5.53M | -5.3M | -6.02M | -5.68M | -4.94M | -5.16M | -5.46M | -5.48M | -5.07M | -4.8M | -3.8M | -3.56M | -8.11M | -4.25M | -4.54M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.04 | -0.04 | -0.04 | -0.05 | -0.04 | -0.05 | -0.04 | -0.05 | -0.05 | -0.04 | -0.04 | -0.05 | -0.05 | -0.04 | -0.04 | -0.03 | -0.03 | -0.08 | -0.04 | -0.04 |
| EPS Growth % | -12.4% | 21.68% | 8.68% | 9.58% | 20.71% | -7.36% | 1.13% | -5.47% | 6.46% | 4.75% | -3.5% | -38.48% | -58.2% | 41.3% | -8.63% | 21.33% | -85.63% | -325.42% | -126.44% | -136.96% |
| EPS (Basic) | -0.04 | -0.04 | -0.04 | -0.05 | -0.04 | -0.05 | -0.04 | -0.05 | -0.05 | -0.04 | -0.04 | -0.05 | -0.05 | -0.04 | -0.04 | -0.03 | -0.03 | -0.08 | -0.04 | -0.04 |
| Diluted Shares Outstanding | 148.09M | 136.66M | 129.64M | 125.27M | 123.93M | 122.46M | 120.9M | 120.18M | 118.95M | 117.36M | 116.49M | 114.86M | 113.27M | 112.49M | 112.11M | 111.59M | 110.89M | 107.73M | 107.73M | 104.13M |
| Basic Shares Outstanding | 148.09M | 136.66M | 129.64M | 125.27M | 123.93M | 122.46M | 120.9M | 120.18M | 118.95M | 117.36M | 116.49M | 114.86M | 113.27M | 112.49M | 112.11M | 111.59M | 110.89M | 107.73M | 107.73M | 104.13M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |