Lightwave Logic, Inc. (LWLG)
Nasdaq · Miscellaneous Plastics Products · Manufacturing · CIK 1325964 · fiscal year ends in Dec
Closing price $4.59 on 29 Oct 2026; 52-week range $2.97 to $18.21.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $250.3K
- Revenue growth
- 165.2%
- Net income, last twelve months
- -$22.9M
- Earnings per share
- -$0.15
- Gross margin
- 98.9%
- Operating margin
- -9688.2%
- Net margin
- -9134.4%
- Free cash flow
- -$18.3M
- Return on equity
- -21.9%
- Market value
- $707.6M
- Cash
- $47.2M
- Debt
- $0
- Debt to equity
- 0.00
- Shares outstanding
- 154.2M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $236.9K | -$20.8M | -$20.3M | -$0.16 | -$15.1M | 10-K filed 20 Mar 2026 |
| FY2024 | 31 Dec 2024 | $95.6K | -$23.1M | -$22.5M | -$0.19 | -$17.8M | 10-K filed 18 Mar 2025 |
| FY2023 | 31 Dec 2023 | $40.5K | -$21.2M | -$21.0M | -$0.18 | -$15.5M | 10-K filed 29 Feb 2024 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $32.8K | -$6.6M | -$0.04 |
| Q1 FY2026 | 31 Mar 2026 | $29.2K | -$6.3M | -$0.04 |
| Q4 FY2025 | 31 Dec 2025 | $159.2K | -$4.8M | -$0.03 |
| Q3 FY2025 | 30 Sep 2025 | $29.2K | -$5.1M | -$0.04 |
| Q2 FY2025 | 30 Jun 2025 | $25.6K | -$5.7M | -$0.05 |
| Q1 FY2025 | 31 Mar 2025 | $22.9K | -$4.7M | -$0.04 |
| Q4 FY2024 | 31 Dec 2024 | $22.9K | -$5.5M | -$0.05 |
| Q3 FY2024 | 30 Sep 2024 | $22.9K | -$5.3M | -$0.04 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By region, FY2024
| Segment | Revenue | Share |
|---|---|---|
| Outside The United States | $81.9K | 85.6% |
| United States | $13.8K | 14.4% |
Company events
The newest 8-K filings of 160 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Sep 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 20 Jul 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 27 May 2026 | 8-K | Shareholder vote | 5.07 |
| 21 Apr 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 20 Jan 2026 | 8-K | Restatement | 4.02 |
| 8 Jan 2026 | 8-K | Leadership change | 5.02 |
| 17 Dec 2025 | 8-K | Material agreement, Share sale, Investor update | 1.01, 3.02, 7.01, 9.01 |
| 15 Dec 2025 | 8-K | Agreement ended | 1.02 |
| 8 Dec 2025 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 4 Dec 2025 | 8-K | Agreement ended | 1.02, 9.01 |
| 16 Sep 2025 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 31 Jul 2025 | 8-K | Investor update | 7.01, 9.01 |
Every filing
The newest filings with the SEC of 376 held.
| Filed | Form | Period |
|---|---|---|
| 29 Sep 2026 | 8-K | 23 Sep 2026 |
| 14 Aug 2026 | 10-Q | 30 Jun 2026 |
| 20 Jul 2026 | 8-K | 20 Jul 2026 |
| 11 Jun 2026 | S-3ASR | – |
| 27 May 2026 | 8-K | 21 May 2026 |
| 15 May 2026 | 10-Q | 31 Mar 2026 |
| 8 May 2026 | S-3ASR | – |
| 21 Apr 2026 | 8-K | 20 Apr 2026 |
| 10 Apr 2026 | ARS | 31 Dec 2025 |
| 10 Apr 2026 | DEF 14A | 21 May 2026 |
| 20 Mar 2026 | 10-K | 31 Dec 2025 |
| 20 Jan 2026 | 10-Q/A | 30 Jun 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 1 Jun 2026 | Quan Snizhana P., Principal Financial Officer | Sale outside a trading plan | 345 | $11.41 | $3.9K | 50,780 | 1 Jun 2026 |
| 10 Apr 2026 | Quan Snizhana P., Principal Financial Officer | Sale outside a trading plan | 20,000 | $10.36 | $207.2K | 51,125 | 10 Apr 2026 |
| 1 Apr 2026 | Ciesla Craig, Director | Sale outside a trading plan | 11,000 | $6.81 | $74.9K | 118,824 | 8 Apr 2026 |
| 7 Apr 2026 | El-Ahmadi Siraj Nour, Director | Sale outside a trading plan | 54,536 | $7.76 | $423.2K | 97,168 | 7 Apr 2026 |
| 6 Apr 2026 | Connelly Thomas M Jr, Director | Sale outside a trading plan | 9,000 | $8.52 | $76.7K | 77,132 | 6 Apr 2026 |
| 1 Apr 2026 | Bucchi Ronald A, Director | Sale outside a trading plan | 11,000 | $6.92 | $76.1K | 294,879 | 2 Apr 2026 |
| 1 Apr 2026 | Partridge Laila, Director | Sale outside a trading plan | 11,000 | $6.84 | $75.2K | 80,723 | 2 Apr 2026 |
| 30 Mar 2026 | Quan Snizhana P., Principal Financial Officer | Sale outside a trading plan | 25,000 | $7.27 | $181.8K | 51,125 | 31 Mar 2026 |
| 27 Jan 2026 | El-Ahmadi Siraj Nour, Director | Sale outside a trading plan | 25,591 | $3.48 | $89.1K | 123,944 | 28 Jan 2026 |
| 31 Dec 2025 | El-Ahmadi Siraj Nour, Director | Sale outside a trading plan | 49,260 | $3.15 | $155.2K | 99,535 | 7 Jan 2026 |
| 2 Jan 2026 | Connelly Thomas M Jr, Director | Sale outside a trading plan | 7,600 | $3.25 | $24.7K | 58,372 | 6 Jan 2026 |
| 31 Dec 2025 | Partridge Laila, Director | Sale outside a trading plan | 10,000 | $3.72 | $37.2K | 63,963 | 5 Jan 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 1 Sep 2026 | QUAN SNIZHANA, Officer | 386 | $2.0K | 1 Sep 2026 |
| 1 Jun 2026 | Snizhana Quan, Officer | 350 | $3.9K | 1 Jun 2026 |
| 10 Apr 2026 | Snizhana Quan, Officer | 20,000 | $210.2K | 10 Apr 2026 |
| 7 Apr 2026 | Siraj El Ahmadi, Director | 54,536 | $422.9K | 7 Apr 2026 |
| 6 Apr 2026 | CRAIG CIESLA, Director | 11,000 | $74.9K | 1 Apr 2026 |
| 6 Apr 2026 | Thomas Connelly Jr, Director | 9,000 | $76.7K | 6 Apr 2026 |
| 1 Apr 2026 | Laila Partridge, Director | 11,000 | $75.2K | 1 Apr 2026 |
| 1 Apr 2026 | Ronald Bucchi, Director | 11,000 | $76.1K | 1 Apr 2026 |
| 30 Mar 2026 | SNIZHANA QUAN, Officer | 25,000 | $181.8K | 30 Mar 2026 |
| 25 Mar 2026 | Thomas E Zelibor Rev Trust, Officer, Director | 100,000 | $850.0K | 25 Mar 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 29 Jul 2026 | BlackRock, Inc. | 13G | 7.8% | 12.0M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 28.1M | +4.82% | 7.04 |
| 30 Sep 2026 | 26.8M | +3.13% | 8.9 |
| 15 Sep 2026 | 26.0M | +7.15% | 10.77 |
| 31 Aug 2026 | 24.2M | +5.58% | 9.91 |
| 14 Aug 2026 | 23.0M | -5.23% | 6.96 |
| 31 Jul 2026 | 24.2M | +7.35% | 7.92 |
| 15 Jul 2026 | 22.6M | +13.11% | 6.78 |
| 30 Jun 2026 | 20.0M | +46.21% | 3.13 |
Funds that hold it
From each fund's latest Form 13F.
208 funds held it at 30 Jun 2026: 117 added and 28 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 12,305,846 | $116.4M | +9,835,780 |
| Vanguard Capital Management LLC | 6,551,494 | $62.0M | +440,563 |
| State Street Corp. | 4,443,532 | $42.0M | +2,740,586 |
| Vanguard Portfolio Management LLC | 4,424,600 | $41.9M | +1,349,070 |
| Geode Capital Management, LLC | 4,064,111 | $38.5M | +2,206,472 |
| Marshall Wace, LLP | 3,057,193 | $28.9M | -2,846,651 |
| UBS Group AG | 2,919,015 | $27.6M | +2,467,665 |
| Northern Trust Corp. | 1,385,193 | $13.1M | +1,052,451 |
| Charles Schwab Investment Management Inc. | 1,269,563 | $12.0M | +398,219 |
| Jane Street Group, LLC | 1,164,611 | $11.0M | -13,294 |