Lightwave Logic, Inc.
4.7300-0.13 (-2.67%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · LWLG · USD
Key Stats
Market Cap
612.25MP/E (TTM)
-Basic EPS (TTM)
-0.17Dividend Yield
0%Recent Filings
8-K
CEO extension, CFO retirement announced
Lightwave Logic extended CEO Yves LeMaitre's employment agreement on September 12, 2025, through December 31, 2028, with a $500,000 base salary, up to $300,000 annual bonus, and 2,442,997 RSUs vesting over two years. Meanwhile, CFO and COO Jim Marcelli announced his retirement effective December 31, 2025, after 17 years, with the company launching a search for his successor. This secures leadership continuity amid commercial progress in electro-optic polymers, yet introduces transition risks in finance and operations.
10-Q
Q2 FY2025 results
Lightwave Logic posted Q2 revenue of $25.6K, edging up 32% y/y from $19.4K yet dipping slightly q/q as the sole license agreement ticked along, all from international sales. Operating loss narrowed to $5.6M from $6.2M y/y, thanks to 39% lower R&D spend on materials and prototypes, though G&A climbed 57% on salaries and stock comp; net loss hit $5.7M, or $0.05 per share on 125M diluted shares, matching last year but with anti-dilution excluding 1M options. Cash burned $7.3M in operations, offset by $2.7M from stock sales, leaving $22.1M on hand with no debt and runway to October 2026. Losses persist amid R&D push for electro-optic polymers. Funding dries up fast without new deals.
8-K
Perkinamine reliability breakthrough
Lightwave Logic announced a breakthrough in Perkinamine reliability on July 31, 2025, passing the rigorous Telcordia GR-468 85/85 environmental stress test with just 1.6% average performance loss after 1,000 hours. This validates long-term durability under harsh conditions, boosting customer confidence for design wins in silicon photonics and AI data centers. Fourth-generation ALD encapsulation achieves an oxygen transmission rate of 1.4 × 10⁻⁶ g/m²/day, far exceeding industry standards. Breakthrough accelerates production scaling starting 2026.
8-K
Shareholders approve key proposals
Lightwave Logic's shareholders convened on May 15, 2025, electing Ronald A. Bucchi and Craig Ciesla to the board for terms ending in 2028, with 27.6 million votes for Bucchi amid 10.3 million withheld. They ratified Stephano Slack LLP as auditors for fiscal 2025, securing 60.9 million for votes, and approved the 2025 Equity Incentive Plan by 26.9 million to 8.3 million. This bolsters governance continuity. Yet, withheld votes signal scrutiny on directors.
10-Q
Q1 FY2025 results
Lightwave Logic posted a narrower net loss of $4.7M for Q1 FY2025 ended March 31, 2025, down 17% y/y from $5.7M, as R&D expenses dropped 33% to $3.1M on lower prototype and travel costs, while G&A rose 46% to $1.8M from higher stock-based comp and salaries. Revenue ticked up 25% y/y to $22.9K from a single international license agreement, with gross margin steady at ~91%. Operating cash burn eased to $3.5M, offset by $1.8M in equity raises, leaving $25.0M in cash and no debt—enough to fund through May 2026. Cash burn persists. Yet progress builds on polymer tech. One customer drives all sales.
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