Lightwave Logic Inc. Common Stock (LWLG)

FairStock Score: 32/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable moats, honest earnings, and a margin of safety. Lightwave Logic does not yet show them. In fiscal 2025, the year ended 2025-12-31, revenue was $236,855 and net income was -$20.3M, or -$0.16 per diluted share. In fiscal 2024, revenue was $13,750 and net loss was $22.5M. In the latest filed quarter, fiscal Q2 2026 ended 2026-06-30, revenue was $32,751 and net loss was $6.6M, or -$0.04 per diluted share; the reported margin was -20,194.18%. The company has 34 employees and sells Perkinamine electro-optic polymer materials plus IP licensing. The technology may be promising, but commercial traction is tiny: quarterly revenue is in the tens of thousands while the market cap at the 2026-10-13 close was $664.5M. At the 2026-10-13 close, FairStock calculates P/B 6.34, P/E -25.35, and FCF yield -2.9%; it also reports ROE -35.42%, ROCE -22.31%, and FCF -$19.0M TTM. Debt/equity is only 0.02, so solvency is less immediate, and the Altman Z-Score is 101.92 and Piotroski F-Score 5/9. Still, a high Z-score does not create earnings. There is no Lynch category because the company lost money in each of the last four years. Even FY2025 revenue is less than 0.04% of the current market value. Without recurring revenue and profits, I see no margin of safety; the price is speculative hope, not measurable value.

In plain English: Lightwave Logic makes specialty polymer materials and licenses technology for optical data communications. It is still very small and unprofitable: sales in recent quarters were tiny, losses were millions, and it burns cash, though it has very little debt. At the 2026-10-13 close of $4.31, the market value looks expensive compared with its sales and accounting value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer