Financial Snapshot

Revenue
$95.59K
TTM
Gross Margin
93.31%
TTM
Net Earnings
-$22.54M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
1574.74%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$33.42M
Q4 2024
Cash
Q4 2024
P/E
-5.256
Apr 10, 2025 EST
Free Cash Flow
-$18.20M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $95.61K $40.50K $0.00 $0.00 $0.00 $0.00 $2.500K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 136.05% -100.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $95.61K $40.50K $0.00 $0.00 $0.00 $0.00 $2.500K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $7.395K $2.513K
Gross Profit $88.21K $37.99K $0.00 $0.00
Gross Profit Margin 92.27% 93.8%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin $6.371M $5.360M $4.334M $4.520M $2.070M $2.000M $1.806M $2.004M $1.661M $2.021M $1.546M $1.630M $1.940M $1.630M $2.010M $1.060M $2.820M $2.770M $1.820M
YoY Change 18.87% 23.66% -4.12% 118.33% 3.52% 10.72% -9.88% 20.68% -17.8% 30.69% -5.15% -15.98% 19.02% -18.91% 89.62% -62.41% 1.81% 52.2%
% of Gross Profit 7222.31% 14108.22%
Research & Development $16.81M $15.90M $12.81M $12.48M $4.529M $4.319M $3.795M $3.519M $2.475M $2.825M $2.850M $2.068M $2.490M $1.680M $1.710M $1.660M $1.420M $1.460M $1.180M
YoY Change 5.68% 24.2% 2.64% 175.44% 4.87% 13.83% 7.83% 42.2% -12.4% -0.86% 37.79% -16.94% 48.2% -1.75% 3.01% 16.9% -2.74% 23.73%
% of Gross Profit 19052.88% 41863.93%
Depreciation & Amortization $1.563M $1.036M $967.0K $878.5K $701.0K $617.7K $465.8K $326.0K $195.6K $179.9K $136.3K $111.9K $53.39K $40.00K $30.00K $20.00K $20.00K $20.00K $10.00K
YoY Change 50.97% 7.1% 10.07% 25.32% 13.48% 32.62% 42.91% 66.63% 8.73% 31.97% 21.81% 109.61% 33.48% 33.33% 50.0% 0.0% 0.0% 100.0%
% of Gross Profit 1772.45% 2726.1%
Operating Expenses $23.18M $15.90M $17.14M $17.00M $4.529M $4.319M $5.601M $5.524M $4.136M $4.846M $4.396M $3.700M $4.426M $3.320M $3.720M $2.720M $4.240M $4.230M $3.000M
YoY Change 45.74% -7.21% 0.84% 275.24% 4.87% -22.88% 1.4% 33.56% -14.65% 10.24% 18.79% -16.4% 33.32% -10.75% 36.76% -35.85% 0.24% 41.0%
Operating Profit -$23.09M -$21.23M -$17.14M -$17.00M -$6.600M
YoY Change 8.78% 23.84% 0.84% 157.52%
Operating Profit To Gross Profit -26175.2% -55872.13%
Operating Profit To Revenue -24150.56% -52405.47%

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense $772.6K $673.6K $209.7K -$2.046M $116.4K $407.8K -$171.9K -$225.8K -$271.6K $250.00 $16.86K $212.2K $130.9K -$170.0K $0.00 $0.00 -$50.00K $10.00K $60.00K
YoY Change 14.7% 221.2% -110.25% -1857.93% -71.46% -337.17% -23.87% -16.86% -108752.0% -98.52% -92.05% 62.05% -177.01% -100.0% -600.0% -83.33%
% of Operating Profit
Other Income/Expense, Net -$5.102K -$12.24K $27.23K
YoY Change -58.33% -144.97%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

No data

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income -$22.54M -$21.04M -$17.23M -$18.63M -$6.716M -$6.727M -$5.773M -$5.749M -$4.407M -$4.845M -$4.410M -$3.910M -$4.560M -$3.480M -$3.710M -$2.720M -$4.340M -$4.220M -$2.930M
YoY Change 7.12% 22.1% -7.52% 177.44% -0.17% 16.53% 0.41% 30.45% -9.04% 9.88% 12.78% -14.25% 31.03% -6.2% 36.4% -37.33% 2.84% 44.03%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$22.54M -$21.04M -$17.23M -$18.63M -$6.716M -$6.727M -$5.773M -$5.749M -$4.407M -$4.845M -$4.410M -$3.912M -$4.557M -$3.483M -$3.713M -$2.722M -$4.341M -$4.223M -$2.934M
YoY Change 7.12% 22.1% -7.52% 177.44% -0.17% 16.53% 0.41% 30.45% -9.04% 9.88% 12.72% -14.14% 30.84% -6.21% 36.42% -37.29% 2.77% 43.96% 70.4%
Net Earnings / Revenue -23570.99% -51943.19% -176391.88%
Basic Earnings Per Share -$0.19 -$0.18 -$0.15 -$0.18 -$0.07
Diluted Earnings Per Share -$0.19 -$0.18 -$0.15 -$177.1K -$73.11K -$80.76K -$75.57K -$81.12K -$66.57K -$80.32K -$79.26K -$0.08 -$0.09 -$0.08 -$0.09 -$0.07 -$0.13 -$0.14 -$0.11

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

No data

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash & Short-Term Investments $27.67M $31.43M $24.10M $23.43M $3.307M $2.236M $2.175M $3.482M $1.957M $3.731M $3.166M $2.270M $2.940M $360.0K $950.0K $460.0K $90.00K $480.0K $0.00
YoY Change -11.98% 30.41% 2.86% 608.66% 47.86% 2.84% -37.55% 77.96% -47.55% 17.84% 39.47% -22.79% 716.67% -62.11% 106.52% 411.11% -81.25%
Cash & Equivalents $27.67M $31.43M $24.10M $23.43M $3.307M $2.236M $2.175M $3.482M $1.957M $3.731M $3.166M $2.270M $2.940M $360.0K $950.0K $460.0K $90.00K $480.0K $0.00
Short-Term Investments
Other Short-Term Assets $401.7K $1.238M $611.3K $232.3K $567.2K $372.6K $538.0K $584.9K $136.9K $264.5K $128.2K $130.0K $90.00K $40.00K $70.00K $50.00K $10.00K $20.00K $600.0K
YoY Change -67.54% 102.44% 163.16% -59.04% 52.25% -30.75% -8.03% 327.14% -48.22% 106.26% -1.36% 44.44% 125.0% -42.86% 40.0% 400.0% -50.0% -96.67%
Inventory
Prepaid Expenses
Receivables $45.60K $30.38K
Other Receivables $0.00 $0.00
Total Short-Term Assets $28.12M $32.70M $25.36M $23.66M $3.874M $2.609M $2.713M $4.067M $2.094M $3.995M $3.294M $2.400M $3.030M $400.0K $1.030M $510.0K $100.0K $600.0K $600.0K
YoY Change -14.02% 28.97% 7.14% 510.9% 48.48% -3.82% -33.31% 94.25% -47.59% 21.28% 37.26% -20.79% 657.5% -61.17% 101.96% 410.0% -83.33% 0.0%
Property, Plant & Equipment $8.337M $7.829M $2.878M $2.716M $2.577M $3.276M $1.801M $1.177M $425.7K $495.1K $375.2K $300.0K $300.0K $90.00K $100.0K $100.0K $60.00K $70.00K $40.00K
YoY Change 6.49% 172.07% 5.97% 5.38% -21.35% 81.95% 53.03% 176.46% -14.02% 31.94% 25.08% 0.0% 233.33% -10.0% 0.0% 66.67% -14.29% 75.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $30.00K $60.00K
YoY Change -100.0% -50.0%
Other Assets $0.00 $100.0K
YoY Change -100.0%
Total Long-Term Assets $9.693M $9.084M $3.908M $3.564M $3.493M $4.216M $2.739M $1.783M $1.094M $1.115M $985.3K $840.0K $790.0K $520.0K $440.0K $370.0K $270.0K $270.0K $240.0K
YoY Change 6.71% 132.44% 9.66% 2.02% -17.15% 53.92% 53.66% 62.99% -1.9% 13.15% 17.29% 6.33% 51.92% 18.18% 18.92% 37.04% 0.0% 12.5%
Total Assets $37.81M $41.78M $29.26M $27.23M $7.367M $6.825M $5.452M $5.850M $3.187M $5.110M $4.279M $3.240M $3.820M $920.0K $1.470M $880.0K $370.0K $870.0K $840.0K
YoY Change
Accounts Payable $716.7K $1.761M $891.8K $215.7K $169.3K $88.42K $150.7K $547.8K $65.03K $32.85K $178.2K $70.00K $100.0K $160.0K $70.00K $80.00K $70.00K $100.0K $170.0K
YoY Change -59.3% 97.47% 313.41% 27.46% 91.42% -41.34% -72.48% 742.4% 97.96% -81.56% 154.53% -30.0% -37.5% 128.57% -12.5% 14.29% -30.0% -41.18%
Accrued Expenses $1.046M $743.6K $570.4K $1.296M $248.4K $222.3K $1.160K $92.19K $57.30K $65.04K $33.35K $10.00K $0.00 $80.00K $50.00K $50.00K $100.0K $120.0K $80.00K
YoY Change 40.61% 30.35% -56.0% 421.85% 11.75% 19062.93% -98.74% 60.89% -11.9% 95.02% 233.5% -100.0% 60.0% 0.0% -50.0% -16.67% 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $410.7K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $10.00K
YoY Change -100.0%
Total Short-Term Liabilities $1.785M $2.583M $1.504M $1.586M $933.0K $997.6K $395.4K $648.8K $127.9K $103.0K $221.8K $120.0K $160.0K $240.0K $120.0K $130.0K $170.0K $220.0K $260.0K
YoY Change -30.87% 71.73% -5.17% 69.98% -6.48% 152.34% -39.06% 407.28% 24.21% -53.59% 84.87% -25.0% -33.33% 100.0% -7.69% -23.53% -22.73% -15.38%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K
YoY Change -100.0%
Other Long-Term Liabilities $2.599M $2.767M $206.4K $438.3K $658.3K $919.5K $149.2K $184.3K $0.00 $0.00
YoY Change -6.08% 1240.39% -52.91% -33.41% -28.41% 516.38% -19.05%
Total Long-Term Liabilities $2.599M $2.767M $206.4K $438.3K $658.3K $919.5K $149.2K $184.3K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K
YoY Change -6.08% 1240.39% -52.91% -33.41% -28.41% 516.38% -19.05% -100.0%
Total Liabilities $4.384M $5.350M $1.710M $2.024M $1.591M $1.917M $544.5K $833.1K $127.9K $103.0K $221.8K $120.0K $160.0K $240.0K $120.0K $130.0K $170.0K $220.0K $270.0K
YoY Change -18.05% 212.77% -15.5% 27.21% -16.99% 252.07% -34.63% 551.39% 24.21% -53.59% 84.87% -25.0% -33.33% 100.0% -7.69% -23.53% -22.73% -18.52%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Basic Shares Outstanding 120.6M shares 115.5M shares 111.8M shares 105.2M shares 91.86M shares
Diluted Shares Outstanding 120.6M shares 115.5M shares 111.8M shares 105.2M shares 91.86M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $118.45 Million

About Lightwave Logic Inc

Lightwave Logic, Inc. is a development stage company which engages in the commercialization of electro-optic photonic devices. The company is headquartered in Englewood, Colorado and currently employs 33 full-time employees. The company went IPO on 2003-02-13. The firm has detailed its P2IC technology platform as Polymer Stack, Polymer Plus and Polymer Slot. Its polymer technology platform uses in-house organic polymers. Electro-optical devices convert data from electric signals into optical signals for multiple applications. The firm is focused on testing and demonstrating the simplicity of manufacturability and reliability of its devices, including in conjunction with the silicon photonics manufacturing ecosystem. Its first product, Ridge Waveguide Modulator, is a type of modulator where the waveguide is fabricated within a layer of its electro-optic polymer system. Various cladding materials and electrodes are layered over the core polymer. The polymer materials are then part of an integrated photonics platform that can house other photonic devices, such as lasers, waveguides and others.

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