Lightwave Logic
LWLG
4.97
-0.14
-2.74%
Lightwave Logic
US · LWLG
#3383 by market cap
4.97
-0.14
-2.74%
Live - 5344 symbols - heartbeat 149s ago
· 2026-10-09 20:02
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 98.48, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +147.74% YoY
Margins
- Gross margin
- 97.12%
- Operating margin
- -8,765.46%
- Net margin
- -8,576.47%
Key ratios & quality
- Altman Z-Scorei
- 98.48
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -- | 0 | 0 | 0 | 0 | 40.50K | 95.61K | 236.86K |
| Gross profit | -- | -- | -- | 0 | 0 | 37.99K | 88.21K | 230.03K |
| Selling & admin expenses | 1.81M | 2.00M | 2.01M | 4.52M | 4.33M | 5.36M | 6.37M | 9.50M |
| Research & development | 3.79M | 4.32M | 4.59M | 12.48M | 12.81M | 15.90M | 16.81M | 11.49M |
| Operating profit | -5.60M | -6.32M | -6.60M | -17.00M | -17.14M | -21.23M | -23.09M | -20.76M |
| Pretax profit | -5.77M | -6.73M | -6.72M | -18.63M | -17.23M | -21.04M | -22.54M | -20.31M |
| Tax | -- | -- | -- | -- | -- | -- | -- | -- |
| Net profit | -5.77M | -6.73M | -6.72M | -18.63M | -17.23M | -21.04M | -22.54M | -20.31M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.08 | -0.08 | -0.07 | -0.18 | -0.15 | -0.18 | -0.19 | -0.16 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 22.92K | 25.61K | 29.17K | 159.17K | 29.17K | 32.75K |
| Gross profit | 20.89K | 22.14K | 29.17K | 157.84K | 27.83K | 32.75K |
| Selling & admin expenses | 1.84M | 2.30M | 2.29M | 2.39M | 3.26M | 3.42M |
| Research & development | 3.09M | 2.62M | 2.92M | 2.84M | 3.49M | 3.88M |
| Operating profit | -4.91M | -4.90M | -5.18M | -5.07M | -6.73M | -7.27M |
| Pretax profit | -4.70M | -4.97M | -5.10M | -4.84M | -6.30M | -6.61M |
| Tax | -- | -- | -- | -- | -- | -- |
| Net profit | -4.70M | -4.97M | -5.10M | -4.84M | -6.30M | -6.61M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.04 | -0.04 | -0.04 | -0.04 | -0.04 | -0.04 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.71M | 2.61M | 3.87M | 23.66M | 25.36M | 32.70M | 28.12M | 69.81M |
| Cash & ST investments | 2.17M | 2.24M | 3.31M | 23.43M | 24.10M | 31.43M | 27.67M | 69.02M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 5.45M | 6.82M | 7.37M | 27.23M | 29.26M | 41.78M | 37.81M | 79.19M |
| Total current liabilities | 395.35K | 997.63K | 933.03K | 1.59M | 1.50M | 2.58M | 1.79M | 2.14M |
| Short-term debt | -- | 156.52K | 577.71K | 178.19K | 190.13K | 144.12K | 168.29K | 194.77K |
| Long-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Total liabilities | 544,530.00 | 1,917,142.00 | 1,591,332.00 | 2,024,303.00 | 1,710,449.00 | 5,349,771.00 | 4,384,078.00 | 4,539,419.00 |
| Total equity | 4.91M | 4.91M | 5.78M | 25.20M | 27.55M | 36.43M | 33.42M | 74.65M |
| Retained earnings | -57.53M | -64.26M | -70.97M | -89.60M | -106.83M | -127.87M | -147.00M | -167.31M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 25.55M | 22.76M | 35.46M | 69.81M | 76.50M | 98.08M |
| Cash & ST investments | 25.05M | 22.11M | 34.94M | 69.02M | 75.10M | 95.91M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 35.64M | 32.44M | 44.79M | 79.19M | 85.91M | 108.08M |
| Total current liabilities | 1.54M | 1.10M | 1.14M | 2.14M | 2.25M | 1.56M |
| Short-term debt | 174.69K | 181.25K | 187.94K | 194.77K | 201.82K | 209.06K |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 4,089,972.00 | 3,602,097.00 | 3,596,154.00 | 4,539,419.00 | 4,601,157.00 | 3,855,523.00 |
| Total equity | 31.55M | 28.83M | 41.19M | 74.65M | 81.31M | 104.22M |
| Retained earnings | -155.10M | -160.78M | -165.88M | -167.31M | -173.61M | -180.28M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -4.40M | -4.77M | -4.87M | -10.30M | -10.53M | -12.24M | -15.55M | -13.75M |
| Depreciation & amortization | 465.80K | 698.69K | 784.42K | 1.05M | 1.22M | 1.30M | 1.88M | 2.11M |
| Free cash flow | -5.84M | -5.07M | -5.09M | -11.42M | -12.10M | -15.84M | -18.25M | -15.57M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 4.86M | 5.64M | 5.17M | 30.35M | 12.78M | 21.51M | 14.15M | 56.74M |
| Ending cash balance | 2.17M | 2.24M | 3.31M | 23.43M | 24.10M | 31.43M | 27.67M | 69.02M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -3.49M | -3.77M | -3.18M | -3.31M | -4.06M | -5.82M |
| Depreciation & amortization | 505.00K | 539.02K | 543.29K | 521.41K | 549.94K | 545.46K |
| Free cash flow | -4.39M | -3.87M | -3.40M | -3.90M | -4.68M | -6.96M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 1.60M | 1.08M | 1.81M | 52.25M | 11.48M | 21.34M |
| Ending cash balance | 25.05M | 22.11M | 34.94M | 69.02M | 75.10M | 47.21M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -116.35 | -137.08 | -125.72 | -120.28 | -65.32 | -65.76 | -64.52 | -37.59 |
| ROA %i | -104.01 | -111.41 | -94.64 | -107.71 | -61.00 | -59.22 | -56.63 | -34.73 |
| ROIC %i | -116.35 | -116.64 | -106.13 | -114.28 | -64.57 | -64.52 | -62.12 | -37.30 |
| 5-year avg ROE %i | -119.55 | -122.40 | -126.16 | -128.36 | -112.95 | -102.83 | -88.32 | -70.69 |
| EBIT margin %i | -- | -- | -- | -- | -- | -52,405.47 | -24,150.56 | -8,765.46 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 6.86 | 2.62 | 4.15 | 14.92 | 16.86 | 12.66 | 15.75 | 32.69 |
| Quick ratioi | 5.50 | 2.24 | 3.54 | 14.77 | 16.46 | 12.18 | 15.52 | 32.41 |
| Debt / assetsi | 0.00 | 12.60 | 15.12 | 1.97 | 1.22 | 6.97 | 7.32 | 3.28 |
| LT debt / equityi | -- | 14.33 | 9.29 | 1.42 | 0.61 | 7.59 | 7.77 | 3.22 |
| Interest coveragei | -- | -- | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -62.70 | -65.80 | -56.26 | -37.59 | -38.84 | -35.42 |
| ROA %i | -55.71 | -58.71 | -51.22 | -34.73 | -36.06 | -33.54 |
| ROIC %i | -60.29 | -62.82 | -54.31 | -37.30 | -38.99 | -36.40 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -25,133.25 | -22,796.63 | -21,263.16 | -8,765.46 | -9,288.73 | -9,970.12 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 16.62 | 20.72 | 31.06 | 32.69 | 33.99 | 62.84 |
| Quick ratioi | 16.30 | 20.14 | 30.63 | 32.41 | 33.46 | 61.62 |
| Debt / assetsi | 7.65 | 8.28 | 5.90 | 3.28 | 2.97 | 2.32 |
| LT debt / equityi | 8.09 | 8.68 | 5.96 | 3.22 | 2.89 | 2.20 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-09 20:02:23 · For reference only, not investment advice and not tailored to your situation.
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