Lightwave Logic financials
$5.17+3.40%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $236.9K | $95.6K | $40.5K | $0.00 | $0.00 |
| Gross profit | $230.0K | $88.2K | $38.0K | $0.00 | $0.00 |
| Gross margin | 97.1% | 92.3% | 93.8% | — | — |
| Operating income | -$20.8M | -$23.1M | -$21.2M | -$17.1M | -$17.0M |
| Net income | -$20.3M | -$22.5M | -$21.0M | -$17.2M | -$18.6M |
| Net margin | −8576.5% | −23571.0% | −51943.2% | — | — |
| Diluted EPS | $-0.16 | $-0.19 | $-0.18 | $-0.15 | $-0.18 |
| EBITDA | -$18.9M | -$21.4M | -$20.1M | -$15.9M | -$16.0M |
| Operating cash flow | -$13.7M | -$15.6M | -$12.2M | -$10.5M | -$10.3M |
| Free cash flow | -$15.1M | -$17.8M | -$15.5M | -$11.8M | -$11.4M |
| Diluted shares | 128.6M | 120.6M | 115.5M | 111.8M | 105.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $69.0M | $27.7M | $31.4M | $24.1M | $23.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $79.2M | $37.8M | $41.8M | $29.3M | $27.2M |
| Total liabilities | $4.5M | $4.4M | $5.3M | $1.7M | $2.0M |
| Shareholders' equity | $74.6M | $33.4M | $36.4M | $27.6M | $25.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology