LWLG
Lightwave Logic, Inc. Materials Miscellaneous Plastics Products Russell 3000
$4.75Close
$693.7MMarket cap
$2.97 – $18.2252-week range
Nov 10, 2026Next report · after the close
Highlights
Cautions
- Not in an uptrend 3 of 8 trend conditions
- Lagging the market RS 17 · weaker than 83% of stocks over 12 months
- Far from its high 74% below its 52-week high
- Results soon Nov 10, 2026, in 9 days
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
74%
1wk
up 18.5%
price change
1mo
down 5.0%
price change
12-month return
up 4%
market up 11% ·
its own down 10%
F-score
6 / 9
Mixed
Altman Z
88.90
Low risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
9.3×
price / book
Earnings yield
down 3.3%
EBIT / enterprise value
Cheaper than
17%
of the market · expensive
Revenue growth
up 148%
year on year
EPS growth
—
latest quarter
Sales growth
up 28%
latest quarter · +1 pts
ROE
down 38%
return on equity
Free cash margin
down 6367%
-$15.1M FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
—
Interest cover
—EBIT / interest
Piotroski tests
- not yet profitable on its assets
- operating cash flow is negative
- issued more shares
- profitability improving
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
- gross margin widened
- assets working harder
Repair signals
- Gross margin 92.3% → 97.1%
Trade setup
ATR%
7.5%
$0.36 a day · 2×ATR $4.04
RS
17 / 99
vs the universe
Trend
3 / 8
trend template
Relative volume
1.8×
vs 50-day average
Up/down volume
0.97
50 sessions
Implied move
—
no option chain · report Nov 10, 2026
Trend template · 3 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: fails
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Accounts declared unreliable The company told the SEC that previously issued financial statements should no longer be relied upon. Every figure on this page that predates that filing is drawn from statements the company itself has withdrawn.
- Shareholders diluted The share count rose 18.4% over the year, from 123m to 146m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Financials
- Gross 97%
- Net -8576%
- Free cash -6367%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $40,502 | $95,605 | $236,855 |
| Gross margin | — | — | — | 94% | 92% | 97% |
| Operating income | -$6.6M | -$17.0M | -$17.1M | -$21.2M | -$23.1M | -$20.8M |
| Net income | -$6.7M | -$18.6M | -$17.2M | $21.0M | -$22.5M | -$20.3M |
| Net margin | — | — | — | 51943% | -23571% | -8576% |
| Earnings per share | -$0.07 | -$0.18 | -$0.15 | $0.18 | -$0.19 | -$0.16 |
| Free cash flow | -$5.0M | -$11.4M | -$11.8M | -$15.5M | -$17.8M | -$15.1M |
| Free cash margin | — | — | — | -38339% | -18637% | -6367% |
| Cash | $3.3M | $23.4M | $24.1M | $31.4M | $27.7M | $69.0M |
| Shareholders' equity | $5.8M | $25.2M | $27.6M | $36.4M | $33.4M | $74.6M |
| Shares outstanding | 97.78m | 110.56m | 112.88m | 118.14m | 123.30m | 146.05m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 14, 2026 | Quarterly ↗ | Jun 30, 2026 | 45d |
| May 15, 2026 | Quarterly ↗ | Mar 31, 2026 | 45d |
| Mar 20, 2026 | Annual ↗ | Dec 31, 2025 | 79d |
| Nov 14, 2025 | Quarterly ↗ | Sep 30, 2025 | 45d |
| Aug 14, 2025 | Quarterly ↗ | Jun 30, 2025 | 45d |
| May 13, 2025 | Quarterly ↗ | Mar 31, 2025 | 43d |
| Mar 18, 2025 | Annual ↗ | Dec 31, 2024 | 77d |
| Nov 12, 2024 | Quarterly ↗ | Sep 30, 2024 | 43d |
| Aug 9, 2024 | Quarterly ↗ | Jun 30, 2024 | 40d |
| May 10, 2024 | Quarterly ↗ | Mar 31, 2024 | 40d |
| Feb 29, 2024 | Annual ↗ | Dec 31, 2023 | 60d |
| Nov 9, 2023 | Quarterly ↗ | Sep 30, 2023 | 40d |
Current reports
| Filed | Disclosed |
|---|---|
| Sep 29, 2026 | Director or officer change · Regulation FD ↗ |
| Jul 20, 2026 | Director or officer change · Regulation FD ↗ |
| May 27, 2026 | Shareholder vote ↗ |
| Apr 21, 2026 | Material agreement ↗ |
| Jan 20, 2026 | Prior accounts unreliable ↗ |
| Jan 8, 2026 | Director or officer change ↗ |
| Dec 17, 2025 | Material agreement · Unregistered share sale · Regulation FD ↗ |
| Dec 15, 2025 | Agreement ended ↗ |
| Dec 8, 2025 | Director or officer change · Regulation FD ↗ |
| Dec 4, 2025 | Agreement ended ↗ |
| Sep 16, 2025 | Director or officer change · Regulation FD ↗ |
| Jul 31, 2025 | Regulation FD ↗ |